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.

Injazzat Sells Land Worth AED 41.62 mn in Abu Dhabi

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

Kuwait’s Injazzat Real Estate Development is selling  a land plot in Abu Dhabi for AED 41.62 mn, Invest-Gate reports.

Wasl Launches Warsan Project Ahead of Expo 2020

• Monday, 5th June 2017
• by Menna A. Farouk

Dubai’s real estate management company Wasl Asset Management Group unveils a new project in Warsan, as part of its strategic preparations for Expo 2020 to provide accommodation for hospitality employees, Zawya reports.

Bahrain’s GFH Pulls Back from Talks to Buy UAE’s Shuaa Capital

• Sunday, 4th June 2017
• by Menna A. Farouk

Bahrain's Gulf Financial Group (GFH) pulls back from talks to buy Dubai-based investment firm Shuaa Capital, which has a market value of USD 432 mn, Reuters reports.

Former DAMAC Managing Director Joins Saudi Dar Al-Arkan

• Sunday, 4th June 2017
• by Menna A. Farouk

Riyadh-based property developer Dar Al-Arkan Real Estate Development Company appoints Ziad El-Chaar as its new chief executive, Reuters reports.

Nominations for DAMAC Board Membership Ends Today

• Sunday, 4th June 2017
• by Menna A. Farouk

Dubai’s real estate developer DAMAC Properties says the nominations’ period for its board membership ends today, Invest-Gate reports.

Majid Al Futtaim Unveils Investment Plan Worth AED 30 bn

• Sunday, 4th June 2017
• by Menna A. Farouk

Dubai-based mall operator Majid Al Futtaim announces a new development plan to increase its total investments in the UAE by AED 30 bn by 2026, raising its total investment in the country to AED 48 bn, Arabian Business reports.