Dubai’s Arabtec Returns To Profit in Q1 2017

• Thursday, 4th May 2017
• by Nayrouz Talaat

Leading UAE construction company Arabtec Holding returns to profits in its financial results of the 1Q of 2017 after two years of losses, according to Reuters

DAMAC Properties Appoints Proscape LLC Infrastructure Tenders

• Thursday, 4th May 2017
• by Fatma Khaled

Leading luxury real estate developer DAMAC Properties assigns Proscape LLC construction tenders for infrastructure projects at its new AKOYA Oxygen project in Dubai, Invest-Gate reports.

Low Oil Prices Stabilize Qatar Property Market

• Tuesday, 2nd May 2017
• by Nayrouz Talaat

Qatar’s real estate sector “is still showing a signs of firmness and consistency” amid the “repercussions and consequences” of the oil price drop, Gulf Times reports.

New Cinema-Themed Hotel to Open in Dubai

• Tuesday, 2nd May 2017
• by Nayrouz Talaat

Leading real estate, leisure, and shopping mall pioneer in the Middle East, Majid Al Futtaim, along with Marriott International, announce plans to launch the region’s first cinema-themed hotel concept, which will feature cinematic-themed rooms and an outdoor VOX cinema, Gulf News reports.

DEWA Completes Transformation Of Smart Power Plants System

• Tuesday, 2nd May 2017
• by Menna A. Farouk

Dubai Electricity and Water Authority (DEWA) is transforming all its independently-operating power stations into a network of smart-grid-enabled smart power plants, WAM reports.

Dubai’s RTA to Implement Road Projects Worth AED 800 mn

• Tuesday, 2nd May 2017
• by Menna A. Farouk

Dubai will be enhancing Latifa Bint Hamdan Street and the Junction of Umm Al-Sheef-Latifa Bint Hamdan streets at a total cost of AED 800 mn.

KSA’s ARTAR Wins Best Real Estate Developer At Restatex

• Tuesday, 2nd May 2017
• by Leena ElDeeb

Saudi Arabian ARTAR Real Estate Development has been awarded the Best Real Estate Developer at Restatex, the four-day Riyadh Real Estate and Urban Development Exhibition on April 26, Invest-Gate reports.

Dubai’s Nakheel Reports Q1FY2017 Net Profit Of AED 1.48 bn

• Tuesday, 2nd May 2017
• by Leena ElDeeb

Dubai’s Nakheel registered a net profit of AED 1.48 bn for the Q1FY2017, compared to a net profit of AED 1.47 bn in Q1FY2016, Invest-Gate reports.

First Saudi Smart City Project Opened in Yanbu

• Friday, 28th April 2017
• by Nayrouz Talaat

Saudi Arabia’s state-run Royal Commission for Jubail and Yanbu (RCJY) and Bayanat Co, an Etihad Etisalat (Mobily) subsidiary have inaugurated the kingdom’s first smart city in Yanbu, Riyadh.

Miral To Launch Six Entertainment Projects in Warner Bros. Abu Dhabi

• Thursday, 27th April 2017
• by Yasmin El-Beih

A leading creator of destinations, Miral Abu Dhabi is announcing the development of six entertainment projects in Warner Bros. project, Invest-Gate reports.