Arabtec Secures USD 171 mn Contract from DAMAC in Dubai

• Tuesday, 1st August 2017
• by Menna A. Farouk

United Arab Emirates-based contractor Arabtec Construction has been awarded a AED 628 mn UAE (USD 171 mn) contract from Dubai-based developer DAMAC Properties to design and build new villas at its Akoya Oxygen project, Invest-Gate reports.

JadoPado Founder Launches Dubai Real Estate Blockchain Startup Esanjo

• Tuesday, 1st August 2017
• by Menna A. Farouk

Omar Kassim, the Dubai-based founder of online marketplace JadoPado, launches a new startup that aims to facilitate real estate transactions using blockchain technology, Reuters reports.

Dubai’s Real Estate Transactions Reach USD 36 bn in H1

• Tuesday, 1st August 2017
• by Menna A. Farouk

The total value of Dubai's 35,571 real estate transactions in the first half of 2017 rises by 16.8%, Invest-Gate reports. Real estate transactions were valued at USD 35.9 bn, according to a report released by the Dubai Land Department's (DLD) H1-17 Transactions Report.

Saudi Crown Prince Launches Ambitious Red Sea Tourism Project

• Tuesday, 1st August 2017
• by Menna A. Farouk

Crown Prince Mohammed bin Salman announces the launch of an international tourism project in the Kingdom under the name of the Red Sea Project, which will be built in one of the world's most beautiful and diverse natural spots, Reuters reports.

Majid Al Futtaim H1 Revenues Hit USD 4.27 bn

• Monday, 31st July 2017
• by Menna A. Farouk

Majid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer, announces continued financial growth throughout its business during the first six months of the year, Invest-Gate reports.

DAMAC Unveils Trump Estates Park Residences

• Monday, 31st July 2017
• by Menna A. Farouk

Dubai-based property developer DAMAC Properties is launching an exclusive collection of exquisite villas, Invest-Gate reports.

UAE’s Active Building Projects’ Value Rises to AED 836.8 bn 

• Monday, 31st July 2017
• by Menna A. Farouk

The total value of building projects underway in the UAE rose to AED 836.8 bn by the end of June, invest-Gate reports.

Nakheel Targets Growth in Recurring Revenue

• Sunday, 30th July 2017
• by Yasmin El-Beih

Property developer Nakheel wants recurring income to increase to more than 50% of all revenue by 2021 as it opens more shopping malls in Dubai, the chairman told Reuters.

DAMAC Unveils Golf Vita Residential Towers 

• Sunday, 30th July 2017
• by Menna A. Farouk

UAE's developer DAMAC Properties launches its new residential project at DAMAC Hills, Invest-Gate reports.

New Saudi City to Provide 995,000 Housing Units

• Sunday, 30th July 2017
• by Menna A. Farouk

Prince Khalid Al Faisal bin Abdulaziz, advisor to the Custodian of the Two Holy Mosques and governor of Makkah Region, reveals details on a new housing project in Saudi Arabia, Trade Arabia reports.