GII to Launch GCC’s Shariah-compliant Real Estate Investment Trust

• Saturday, 3rd June 2017
• by Nayrouz Talaat

Gulf Islamic Investments (GII) announces the upcoming formation and launch of a Shariah-compliant real estate investment trust (REIT), under the name of “GII Islamic REIT Ltd”, Reuters reports.

Saudi Arabia Opens Phase I of Jabal Omar Project

• Saturday, 3rd June 2017
• by Nayrouz Talaat

Saudi Arabia inaugurates the first phase of the iconic Jabal Omar Project near the Grand Mosque in Mecca, Saudi Gazette reports.

Dubai’s Grade A Offices Surge on Demand Gains

• Saturday, 3rd June 2017
• by Nayrouz Talaat

Dubai’s office properties, especially Grade A addresses, are seeing some heavy activity on the leasing side, Gulf News reports.

DXB Entertainments Appoints New CEO

• Thursday, 1st June 2017
• by Menna A. Farouk

UAE’s theme parks operator DXB Entertainments appoints Mohamed Almulla as its new CEO, effective immediately, Invest-Gate reports.

ARACO Launches Residential Complex Worth AED 410 mn

• Thursday, 1st June 2017
• by Menna A. Farouk

Dubai-based Abdul Rahim Architectural Consultants (ARACO) announces the launch of a 100,000-square-feet residential complex in Dubai’s Jumeirah Village Circle (JVC), Invest-Gate reports.

Emaar Launches Building Communities Campaign in Ramadan

• Wednesday, 31st May 2017
• by Menna A. Farouk

Dubai-based developer Emaar Properties is launching the #BuildingCommunities campaign to mark the holy month of Ramadan, Invest-Gate reports.

DAMAC Properties Launches Casablanca Villas in Dubai

• Wednesday, 31st May 2017
• by Menna A. Farouk

Dubai-based real estate company, DAMAC Properties, launches Casablanca Villas in the AKOYA Oxygen community in Dubai, Invest-Gate reports.

Emaar Unveils Maple III in Dubai

• Wednesday, 31st May 2017
• by Menna A. Farouk

Dubai-based developer Emaar Properties launches on Tuesday, May 30, Maple III at Dubai Hills Estate, Invest-Gate reports.

Dubai Investments Park Grows with 280 New Sub-tenants

• Wednesday, 31st May 2017
• by Menna A. Farouk

Dubai Investments Park, DIP, a wholly-owned subsidiary of Dubai Investments, announces that 280 new sub-tenants have leased premises within DIP between January and April, 2017.

Dubai’s Drake & Scull to Put Aside USD 272 mn for Debt Payments

• Tuesday, 30th May 2017
• by Menna A. Farouk

Dubai-based contractor Drake & Scull International (DSI) is expecting to have nearly AED 1 bn (USD 272 mn) of cash flow available over the next four years to partly repay its debt, Reuters reports.