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.

Kuwait’s Ajial Real Estate Entertainment Q1 profit rises

• Wednesday, 10th May 2017
• by Nayrouz Talaat

Kuwait’s real estate developer Ajial Real Estate Entertainment posts a net profit of AED 1.1 mn in the first quarter of 2017, compared to AED 733,264 in the same period a year earlier, Invest-Gate reports.

Aldar Properties Awards USD 463 mn Development Contract for Yas Acres

• Wednesday, 10th May 2017
• by Fatma Khaled

Abu Dhabi-based real estate developer Aldar Properties has appointed Trojan General Contracting as the main contractor for the first three precincts of its Yas Acres flagship development on Yas Island, Gulf News reports.

UAE’s Investment Fund Emirates Reit Sees Gains on Rental Income in Q1

• Wednesday, 10th May 2017
• by Fatma Khaled

The UAE’s first real estate investment fund Emirates Reit is securing a 21% increase in rental income during the first quarter of 2017 from one year ago to a total USD12.6 mn (AED 46.28 mn), helped by demand for space at the Index Tower and two of its school assets, Gulf News reports.

Miral to Launch Developments worth AED 12 bn in Dubai’s Yas Island

• Wednesday, 10th May 2017
• by Fatma Khaled

Abu Dhabi-based real estate developer Miral plans to transform the southern end of Yas Island in Abu Dhabi at a total cost of AED 12 bn, Invest-Gate reports.

Nakheel to Partner with Hilton for New Hotel in Dubai

• Wednesday, 10th May 2017
• by Fatma Khaled

UAE’s leading developer Nakheel will partner with Hilton to build a new hotel comprising of rooms and serviced apartments in Dubai, Invest-Gate reports.

DSI to Hear From Armaco on Outstanding Payments Soon

• Tuesday, 9th May 2017
• by Nayrouz Talaat

Dubai contractor Drake & Scull International (DSI) expects to hear from Saudi Aramco about settling nearly half of outstanding payments owed for its work on Riyadh's King Abdullah Petroleum Studies and Research Centre, Invest-Gate reports.

Abu Dhabi’s Aldar Properties Posts Net Profit of AED 641.0 mn in Q1

• Tuesday, 9th May 2017
• by Nayrouz Talaat

Abu Dhabi’s real estate developer Aldar Properties posts net profit of AED 641.0 mn in Q1 of 2017, Reuters reports.

Al Mazaya Holding Posts Net Profit of KWD 1.91 mn

• Tuesday, 9th May 2017
• by Fatma Khaled

Kuwaiti-based Al Mazaya Holding posts net profit of KWD 1.91 mn during the first quarter (Q1) of 2017 while achieving sales revenues worth KWD 13.18 mn, Invest-Gate reports.