Jabal Omar Records Highest Profit Growth in Its History

• Wednesday, 26th October 2016
• by Karim Mohy

Jabal Omar Development Company (JODC), one of the largest developers listed on the Saudi stock exchange, announced a profit of SAR 691.07 mn for 3Q 2016, according to a statement by the company last Wednesday.

Habtoor to Begin Work on Gate Avenue in Dubai

• Wednesday, 26th October 2016
• by Karim Mohy

Retail development of a $272 million project at the Dubai International Financial Centre (DIFC) will commence soon with a first contract being awarded to Habtoor Leighton Group (HLG).

RAK Properties to Handover Flamingo Villas Phase II

• Wednesday, 26th October 2016
• by Karim Mohy

RAK Properties will start the handover of the second phase of its Flamingo Villas project this month two months ahead of schedule, according to a statement by the Ras Al Khaimah-based developer on Saturday.

Saudi Austerity Measures Dampening Home Ownership Drive -JLL

• Tuesday, 25th October 2016
• by Karim Mohy

Saudi Arabia's austerity drive is increasingly pressuring its people's ability to buy their own homes, possibly pushing down housing prices by nearly a third.

Sharjah to Complete Waterfront Expansion

• Tuesday, 25th October 2016
• by Karim Mohy

Work on the extension of Sharjah’s Al Majaz Waterfront in the emirate will be completed by the end of the year, according to the Sharjah Investment and Development Authority.

Dubai Approves More Than 1,800 Holiday Homes

• Tuesday, 25th October 2016
• by Karim Mohy

1,805 residential units in Dubai have to date been approved as holiday homes.

Water Released Into Dubai Water Canal for the First Time

• Tuesday, 25th October 2016
• by Karim Mohy

The AED 2 bn Dubai Water Canal project was first flooded with water on Monday afternoon.

Deyaar Reports 22.5% Increase in Profits in Q3

• Monday, 24th October 2016
• by Karim Mohy

Dubai-based developer Deyaar announced on Sunday a 22.5% increase in profits in the third quarter of 2016, compared to Q3 2015.

Saudi’s Dar Al Arkan Q3 Net Profit up 21.4%

• Monday, 24th October 2016
• by Karim Mohy

Saudi-based Dar Al Arkan Real Estate Development Company announced a jump in its net profits in the 3Q 2016, increasing by 21.4% compared to the previous quarter.

Wasl Properties Launches First Phase of New Project in Jumeirah

• Monday, 24th October 2016
• by Karim Mohy

Wasl Properties, a subsidiary of Dubai's wasl Asset Management Group, has announced the launch of the first phase of the wasl 51 project in Jumeirah, Dubai.