News / Middle East

Azizi Developments Finalises Azizi Royal Bay Worth AED 350 mn

Dubai-based real estate developer Azizi Developments completes a luxury residential property project within a short span of 22 months, Invest-Gate reports.

Arabtec Turns Profitable in H1 

Dubai-listed developer Arabtec Holding reports profits of AED 42 mn in the first half of 2017, against losses of AED 243 mn in the prior-year period, Invest-Gate reports.

Nakheel Awards AED 430 mn Deals for Deira Islands

UAE's developer Nakheel awarded four contracts for a 15.3-square-kilometer waterfront city under construction in Dubai, Invest-Gate reports.

Madinat Zayed Shopping Center to Undergo USD 11 mn Refurbishment

Abu Dhabi City Municipality’s (ADM) Department of Municipal Affairs and Transport (DMAT) signs a contract with Line Investment and Property for the redevelopment of a mall, Invest-Gate reports

Bahrain’s Diyar Al Muharraq Finalizes All Works for Sarat Project

Bahrain’s urban developer Diyar Al Muharraq completes the secondary infrastructure works for its new residential project, Invest-Gate reports

Real Estate Prices Stabilize in Kuwait

Increased volatility in Kuwaiti real estate activity dominated the first half of 2017 amid steadying prices, Reuters reports.

Four Mega Retail Projects to Bring More Cheer to Dubai Shoppers

At least four mega developments that are currently under construction in the UAE are scheduled for completion, and they are expected to deliver more than 3,000 shops between 2017 and 2020 alone, Reuters reports.

Majid Al Futtaim to Build New Mall in Oman

Dubai-based retail and leisure developer Majid Al Futtaim plans to establish a new mall in Oman, Invest-Gate reports.

Eshraq Awards Deal for Marina Rise Project 

UAE developer Eshraq Properties Company awarded a contract for a project in Abu Dhabi, Invest-Gate reports.

Emaar Malls Posts Profits of AED 482 mn in Q2 

Emaar Malls posts net profits of AED 482 mn in the second quarter of 2017, a rise of 5.2% from AED 458 mn in the prior-year period, Invest-Gate reports.

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