News / Middle East

Emaar Releases Creek Rise Today

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

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

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

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

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

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

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

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

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

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.

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