GCC Building Contract Awards to Hit USD 85.6 bn in 2017

• Wednesday, 17th May 2017
• by Menna A. Farouk

The value of new building contracts in the GCC region are expected to reach USD 85.6 bn in 2017, up 7% from USD 79.5 bn in 2016, Invest-Gate reports.

Jumeirah Golf Estates Launches Sales of 120-Home Tower Today

• Wednesday, 17th May 2017
• by Menna A. Farouk

Dubai-based residential golf community, Jumeirah Golf Estates, launches Tower C for sale today, May 17, for UAE nationals and loyal clients at its sales centre, Invest-Gate reports.

Emaar Releases Creek Rise Today

• Wednesday, 17th May 2017
• by Nayrouz Talaat

Dubai’s property developer, Emaar Properties, launches today, May 17, Creek Rise in Dubai Creek Harbor, Invest-Gate reports.

Nakheel Begins Leasing at Nad Al-Sheba Mall

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Dubai’s real estate developer Nakheel started leasing at the 1.2-mn square foot Nad Al-Sheba Mall in Dubai, Invest-Gate reports.

Emaar Posts 15% Profit Rise in Q1

• Monday, 15th May 2017
• by Nayrouz Talaat

Dubai-based property developer Emaar Properties generates profits of AED 1.384 bn in the first quarter of 2017, an increase of 15% compared to AED 1.205 bn in the same period of last year, Invest-Gate reports.

Subscription to Arabtec’s Capital Hike Starts Monday

• Monday, 15th May 2017
• by Nayrouz Talaat

Subscription to Arabtec Holding’s AED 1.5 bn rights issue will start on Monday, May 15 and end on Thursday, May 28, Invest-Gate reports.

DAMAC’s Net Profits Grow in Q1

• Monday, 15th May 2017
• by Nayrouz Talaat

Dubai real estate developer DAMAC Properties posts net profits of AED 880.44 mn in Q1 of 2017, down 16.2% compared to AED 1.05 bn in the same period a year earlier, Invest-Gate reports.

World’s Tallest Tower Due in Saudi Arabia, 2019

• Monday, 15th May 2017
• by Nayrouz Talaat

The first stage of the - one kilometer- high- Jeddah Tower, set to be the world’s tallest building, is due by 2019 after financial issues with contractor Saudi Binladin Group (SBG) were resolved, Saudi Gazette reports.

Dubai’s MAG Pushes Ahead with Two Upscale Launches

• Thursday, 11th May 2017
• by Nayrouz Talaat

UAE's real estate developer MAG announces two more upscale investments, namely MAG 318 and MAG 230, for the Downtown and Dubailand, respectively, each backed by a 35/65 payment plan, Gulf News reports.

Qatar’s Msheireb Properties to Launch New Family Luxury Resort

• Thursday, 11th May 2017
• by Fatma Khaled

Qatar’s Msheireb Properties, a subsidiary of Qatar Foundation for Education, Science and Community Development, launches Zulal Wellness Resort in Qatar, Invest-Gate reports.