DAMAC Awards USD 308 mn London Contract

• Wednesday, 23rd August 2017
• by Menna A. Farouk

Dubai-based Nine Elms Property, the company set up to build DAMAC International's Aykon London One project, has awarded a GBP 240 mn (USD 307.8 mn) main contract to Australian-headquartered construction firm Multiplex, Zawya reports.

Saudi Arabia’s Abdullah Al Othaim Markets Sells Mall for SAR 361.26 mn

• Wednesday, 23rd August 2017
• by Menna A. Farouk

Saudi Arabia's Abdullah Al Othaim Markets Co. is selling a shopping mall in Ha'el city, Invest-Gate reports.

Eagle Hills Inks AED 300 mn Facility for Fujairah Hotel 

• Wednesday, 23rd August 2017
• by Menna A. Farouk

UAE-based real estate investment and development company Eagle Hills signs a financing facility with a bank for a hotel project, Invest-Gate reports.

Azizi Developments Starts International Sales of Azizi Riviera

• Tuesday, 22nd August 2017
• by Yasmin El-Beih

UAE-based real estate developer Azizi Developments commences international sales of a recently-launched project, Invest-Gate reports.

Drake & Scull Unit Wins Business Bay Tower Deal

• Monday, 21st August 2017
• by Menna A. Farouk

Drake and Scull International, a regional market leader in engineering and related services, confirms that its subsidiary, Gulf Technical Construction Company (GTCC), has been awarded a USD 47.64 mn contract to build a residential tower in Dubai's Business Bay.

Lootah Real Estate Unveils Updates on Waves Project 

• Monday, 21st August 2017
• by Menna A. Farouk

Lootah Real Estate Development (LRED) reveals construction updates on a 175,905-square-feet residential project in Dubai, Invest-Gate reports.

Emaar Announces New Mall in Dubai

• Monday, 21st August 2017
• by Menna A. Farouk

Dubai-based developer Emaar Properties is launching new project in the heart of the 11-mn-square-meter green oasis Dubai Hills Estate, Invest-Gate reports.

Al Forsan Starts Leasing Out Villas in Abu Dhabi

• Monday, 21st August 2017
• by Menna A. Farouk

Al Forsan Real Estate, the property arm of Al Forsan Holding, announces that it is leasing out its Type 1 and Type 2 villas for AED 245,000 (USD 66,690) and AED 265,000 respectively in Abu Dhabi, UAE, Invest-Gate reports.

Jabal Omar posts SAR 53.8 mn in Q2 

• Sunday, 20th August 2017
• by Menna A. Farouk

Saudi Arabian developer Jabal Omar Development Co. says its profits rise 467% year-on-year in the second quarter ending June 30, 2017, Invest-Gate reports.

DIFC to Open Gate Avenue in 2018

• Sunday, 20th August 2017
• by Menna A. Farouk

Dubai International Financial Center (DIFC) says construction of Gate Avenue is on schedule for its anticipated opening in the first half of 2018, Invest-Gate reports.