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.

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.