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.  

Vincitore Real Estate Launches 2nd Residential Project in Dubai

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

Dubai’s developer Vincitore Real Estate Development unveils its second project, Vincitore Boulevard, in Dubai, Invest-Gate reports.  

Emaar Reports USD 10.9 bn Project Backlog in UAE

• Thursday, 8th June 2017
• by Nayrouz Talaat

Real estate developer Emaar Properties PJSC says that its projects backlog in the United Arab Emirates amounts to AED 40 bn (USD 10.9 bn), Reuters reports.

Wasl Properties Launches Residential Project in Dubai

• Thursday, 8th June 2017
• by Menna A. Farouk

Dubai-based real estate firm Wasl Properties, a subsidiary of Wasl Asset Management Group, is launching Wasl Topaz at Umm Hurair area of Dubai, Invest-Gate reports.

Jumeirah Golf Estates Hires Contractor for Alandalus Project

• Thursday, 8th June 2017
• by Menna A. Farouk

UAE-based residential and leisure destination Jumeirah Golf Estates (JGE) is appointing Dubai’s Progress Constructions as the contractor for the townhouses and retail centre of its residential community Alandalus in Dubai, Invest-Gate reports.

Emaar to Offer 30% of Real Estate Development Business in IPO

• Wednesday, 7th June 2017
• by Menna A. Farouk

Dubai-based Emaar Properties is offering up to 30% of its United Arab Emirates real estate development business in an initial public offering, Reuters reports.

DEWA, Siemens Ink Contract Worth AED 1.7 bn

• Wednesday, 7th June 2017
• by Menna A. Farouk

UAE state-owned infrastructure company Dubai Electricity and Water Authority (DEWA) and German industrial group Siemens sign an operating plant service agreement (OPSA) worth AED 1.7 bn, Invest-Gate reports.

DAMAC Launches Aurum Villas for Sale Today

• Wednesday, 7th June 2017
• by Menna A. Farouk

Dubai-based property developer DAMAC Properties is launching today Aurum Villas at DAMAC Maison Royale the Distinction, Downtown Dubai during a ceremony held from 7 pm until 2 am, Invest-Gate reports.

Dubai to See Middle East’s Largest Sofitel Hotel in 2019

• Tuesday, 6th June 2017
• by Menna A. Farouk

AccorHotels’ luxury brand Sofitel unveils, in collaboration with development partner MKM Commercial Holdings, its largest property the Middle East, Sofitel Dubai Wafi, Invest-Gate reports.