News / Middle East

DLD’s Building Classification Project, in Progress

Dubai’s Building Classification project is currently in progress and a survey on all buildings across the city will be complete in 2017, Invest-Gate reports.

ARTAR: Indian Investors to Keep Faith in Dubai Real Estate

Saudi’s ARTAR Real Estate Development Company made public on February 20 that Indian investors will continue to put their faith in Dubai real estate during 2017 since the emirate’s property market has a proven reputation for delivering long-term returns, Invest-Gate reports.

Emaar Unveils Harbour Gate, Dubai

Emirati developer Emaar launched Harbour Gate residences at the Dubai Creek Harbour Sales Centre on February 18, Invest-Gate reports.

Bahrani Sarat Project Ongoing

Bahrain’s Diyar Al Muharraq is finalizing the second phase of infrastructure of its residential project Sarat, Invest-Gate reports.

Emaar Records 28% Growth in Net Profit in 2016

Dubai-based Emaar Properties recorded a net profit of AED 5.23 bn in 2016, marking a 28% increase from AED 4.08 bn in 2015, Invest-Gate reports.

Nakheel Unveils AED 850 mn Ibn Battuta Mall Expansion Plans

UAE-based developer Nakheel has began working on its 55-storey residential tower, a 16-screen cinema complex with its own multi-storey parking area and retail expansions in the Ibn Battuta Mall with a total budget of AED 850mn, Invest-Gate reports.

Bahrani Company to Donate Lands for Educational Projects

Diyar Al Muharraq will donate two land plots for educational projects in Bahrain, Invest-Gate reports.

DAMAC Properties’ Q4 net profit rises 1.3%

DAMAC Properties reported on February 14 a 1.3% increase in net profit worth AED 854.6mn in Q4FY2016, in comparison AED 844mn in Q4FY2015, Invest-Gate reports.

SEZAD Signs Four Agreements Worth OMR 84.7 mn

The Omani Special Economic Zone Authority in Duqm (SEZAD) signed four agreements on February 9 to implement a number of infrastructure projects in the Special Economic Zone (SZD) at a cost of about OMR 84.7mn, Invest-Gate reports.

DAMAC Delivers Homes in its Golf-Planned Community project in Dubai

DAMAC Properties is updating one of its major projects Damac Hills, a Golf-planned community featuring Trump International Golf Club Dubai at its center, Invest-Gate reports.

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