Arabtec BoD to Meet over Recapitalization Program June 19

• Monday, 19th June 2017
• by Menna A. Farouk

Dubai’s developer Arabtec Holding is to hold its BoD meeting on June 19 to discuss updates on its recapitalization program, Invest-Gate reports.  

Emaar to Operate Jabal Omar’s Mecca Hotel in 2019

• Monday, 19th June 2017
• by Menna A. Farouk

UAE-based Emaar Hospitality Group’s hotel brand, Address Hotels and Resorts, signs a deal with Jabal Omar Development Company (JODC) to operate a new hospitality project in Mecca, Saudi Arabia, Invest-Gate reports.  

Next Phase of White Land Tax in Saudi Not Before 2020

• Sunday, 18th June 2017
• by Menna A. Farouk

The next phase of Saudi Arabia's white land tax will not be rolled out before 2020, Reuters reports.

Nakheel Calls for Construction Proposals for New Mall

• Sunday, 18th June 2017
• by Menna A. Farouk

Dubai’s developer Nakheel releases a construction tender for its Nad Al-Sheba Mall in Dubai, Invest-Gate reports.

Dubai Properties Begins Work on Marasi Business Bay Marina

• Sunday, 18th June 2017
• by Menna A. Farouk

UAE’s real estate developer Dubai Properties breaks ground on newest marina worth AED 1 bn in Dubai, Invest-Gate reports.

Dubai’s Azizi Developments Releases New Residential Project

• Wednesday, 14th June 2017
• by Menna A. Farouk

Dubai’s property developer Azizi Developments unveils its second residential building in Dubai Healthcare City, following the success of Azizi Aliyah, Invest-Gate reports.

UAE’s Eshraq Properties Exits Stake in Ward Holdings for AED 68 mn

• Wednesday, 14th June 2017
• by Menna A. Farouk

Abu Dhabi’s real estate developer Eshraq Properties is to divest its entire stake in UK real estate company Ward Holdings, Invest-Gate reports.

Eagle Hills to Build New Hotel in Fujairah

• Monday, 12th June 2017
• by Menna A. Farouk

The Abu Dhabi-based developer Eagle Hills plans to build its Palace Fujairah Beach in Fujairah, Invest-Gate reports.

Majid Al Futtaim Launches New Mall in Ras Al-Khaimah

• Monday, 12th June 2017
• by Menna A. Farouk

Dubai-based mall operator Majid Al Futtaim unveils a new mall called My City Centre Al-Dhait with investments worth AED 68.5 mn in Ras Al-Khaimah, Invest-Gate reports.

Makkah Construction Posts Profits of SAR 56 mn in Q1

• Monday, 12th June 2017
• by Menna A. Farouk

 Saudi developer Makkah Construction and Development Co. (MCDC) reports net profits of SAR 56 mn in the first quarter ending on April 25, 2017, unchanged from the figures posted in the prior-year period, Invest-Gate reports.