Nakheel Reports 4% Increase in H1 Net Profit

• Sunday, 31st July 2016
• by Eman El Sherbiny

Top Dubai developer Nakheel announced that it recorded AED 2.95 billion ($803 million) in net profit for the first half of this year, compared to AED 2.83 billion in H1 of last year, constituting a 4% increase.

Dubai’s Expo 2020 Triggers Boom in Hospitality Sector

• Wednesday, 27th July 2016
• by Eman El Sherbiny

Dubai's hospitality sector is racing towards the finish line ahead of the Expo 2020 in Dubai, seeking to accommodate the expected influx of visitors.

Dubai Properties Marks Start of 2nd Phase of Bellevue Towers

• Wednesday, 27th July 2016
• by Eman El Sherbiny

Leading Dubai developer Dubai Properties announced the start of the second phase of the Bellevue Towers project located in Business Bay.

Aldar Gears Up for Major Expansion in Al Ain Retail Market

• Wednesday, 27th July 2016
• by Eman El Sherbiny

The Abu Dhabi-based Aldar Properties is planning on targeting Al Ain’s business environment to expand its portfolio in the retail sector, aiming to build on the emirate’s thriving business environment.

Al Jaber Building Wins AED 370 M Jawaher Saadiyat Contract

• Wednesday, 27th July 2016
• by Eman El Sherbiny

The Tourism Development & Investment Company (TDIC) has assigned AED 370 million ($100 million) Jawaher Saadiyat construction contract to Al Jaber Building.

Damac Announces Phase 1 of Akoya Imagine Villas Is Sold Out

• Wednesday, 27th July 2016
• by Eman El Sherbiny

The first phase of Dubai’s Akoya Imagine villas is sold out, while a second phase will be launched at the end of this month.

Al Mazaya Posts 1.06% Profit Increase in H1 of 2016

• Tuesday, 26th July 2016
• by Eman El Sherbiny

Al Mazaya Holding, one of the leading Kuwaiti developers has announced a net profit increase worth 1.06%, in the first half (H1) of this year.

Saudi Developer Dar Al Arkan Reports a 38.7% Drop in Net Profit

• Monday, 25th July 2016
• by Eman El Sherbiny

Leading Saudi property developer, Dar Al Arkan announced a 38.7% slump in its 2nd quarter (Q2) net profit, as well as a drop in land sales.

Action Hotels to Open in Dubai Healthcare City

• Monday, 25th July 2016
• by Eman El Sherbiny

Action Hotels plans on opening a Novotel-branded hotel, to offer an economic solution to travelers staying in Dubai Healthcare City.

Bahrain Approves Full Property Ownership for Foreigners

• Monday, 25th July 2016
• by Eman El Sherbiny

Following the approval from Prime Minister, Prince Khalifa Al Khalifa, the Bahraini government agreed to allow foreigners a 100% ownership, which can help the property market.