UAE is starting initiatives as the lead GCC in smart building, including more than two-thirds of the 1,236 Leadership in Energy & Environmental Design (LEED) certified projects, according to a study.
Investors from Egypt constitute the second largest number of non-GCC Arab investors in the Dubai real estate market, according to the Dubai Land Department.
Dubai's Emaar Properties recorded a net profit of AED 2.475 billion ($674 million) in the first six months on 2015, compared to AED 2.205 billion in the same half of the previous year, marking a 12% increase.
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.