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Aldar develops the heart of Abu Dhabi’s vision (The National - 31/05/2016)

The sleek, modern luxury of the Yas Acres’ sales centre on Yas Island is a throwback to the glory days of real estate eight or nine years ago. Except there is a very 2016 feel to it all. The 1,315-villa project’s every detail is shown to prospective

Ezdan Holding launches training courses (The Peninsula - 26/05/2016)

Human Resources and Administration Department in Ezdan Holding Group has launched a series training courses for its personnel in various departments, on different areas related to the development of professional and interpersonal skills. The group is

Ezdan Holding Group gets Global ISO Certification (The Peninsula - 22/05/2016)

Ezdan Holding Group, along with its subsidiaries Ezdan Real Estate and Ezdan Mall, has been awarded ISO ISO 9001: 2008 quality certification, the Group announced yesterday. Chief Operating Officer of Ezdan Holding Group Dr Mousa Al Awwad received the ISO

Al Mazaya Holding’s net profit rises 8.5% (Saudi Gazette - 22/05/2016)

AL Mazaya Holding has announced its financial results for the first quarter of 2016, with the company achieving a net profit of AED22.6 million, compared to AED20.8 million in the corresponding period, in 2015. This represents an increase of 8.5 percent.

Barwa Real Estate signs $1.13bn financing agreement (Reuters - 19/05/2016)

Qatar's Barwa Real Estate has signed financing agreements worth $1.13 billion with a local bank, the property developer said on Thursday. The nine-year facility means Barwa has refinanced all its financing liabilities, according to a statement to Doha's

Drake & Scull logs AED1.03 billion in revenue in Q1 2016 (Saudi Gazette - 18/05/2016)

Drake & Scull International PJSC, (DSI PJSC), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Rail & Infrastructure, Oil & Gas, and Water &

Emaar launches another luxury project... at Dubai Hills (Emirates 24|7 - 16/05/2016)

Emaar Properties, Dubai’s biggest-listed developer, is continuing to launch new projects. The latest from its stable is a luxury villa project in Dubai Hills Estate – the new avatar of its popular Emirates Hills. The ‘Fairway Vista’ consists of 65 six

Arabtec looks to shore up balance sheet as Dubai contractor’s losses (The National - 16/05/2016)

The contractor Arabtec has said that it is “looking at ways to enhance its capital structure" after posting its sixth successive quarterly loss yesterday. The company said it “is currently engaged in discussions with Aabar, its largest shareholder, in

NREC Q1 net profit up 9.8 pct to KD 3.6 mln – EBITDA rises 1.9% (Arab Times - 16/05/2016)

National Real Estate Company (NREC), a leading regional developer with development projects exceeding $1 billion in Egypt and the UAE, announced first quarter net profits of KD 3.6 million, an increase of 9.8% from the same period last year. The

Dubai’s Drake & Scull Q1 net profit slumps 61% (Arab News - 16/05/2016)

Dubai’s Drake & Scull (DSI) posted a 61 percent fall in first-quarter net profit , extending an earnings slump as its revenue declined. The contractor made a net profit attributable to shareholders of AED9.8 million ($2.67 million) in the three months to

Inovest swings to net profit of $3.2 million (Gulf Daily News - 12/05/2016)

Inovest, a Bahrain-based Sharia-compliant investment firm, yesterday announced it has swung to a net profit of $3.2 million for the first quarter this year from a loss of $900,000 for the same period last year. The firm also reported an increase of 150

Qatar's Ezdan Holding prices $500m debut sukuk (Trade Arabia - 12/05/2016)

Ezdan Holding, a Qatar-based real estate developer and investment firm, has priced a $500 million five-year sukuk issue, a document from lead managers said on Wednesday, in the firm's debut international debt sale. The wakala-structured transaction

Abraaj plans $500m investment in African hospitals (Reuters - 11/05/2016)

Dubai-based emerging market investment fund Abraaj will spend up to $500 million in start-up capital for a mid-tier hospital business in Africa, tapping into demand from the continent's emerging middle classes, an executive said on Wednesday. Abraaj

Emaar Misr profit jumps (Saudi Gazzette - 11/05/2016)

Emaar Misr for Development has announced a net profit of EGP254.49 million in the first quarter of 2016, up more than 47 percent compared to the same period last year. The property development company will soon be launching Celesta Hills, it’s latest

Ezdan Holding gives pricing thoughts for 5-year sukuk (Gulf Times - 11/05/2016)

The Ezdan Holding pavilion at the Cityscape Qatar 2016, held on April 26–28 at the Doha Exhibition and Convention Centre. Qatar’s Ezdan Holding has released initial price thoughts for a sukuk issue of five years duration, a lead manager said yesterday,

Seef Properties Chairman Announces Positive Results for Q1- 2016 (Press Release - 10/05/2016)

Seef Properties Chairman, Mr. Essa Najibi, announced today the financial results for the first quarter of 2016 which showed a net profit of BD 2.20 Million compared to BD 1.98 Million for the same period last year representing an increase of 10.7%. The

Seef Properties net profit jumps 10.7pc (Gulf Daily News - 10/05/2016)

Seef Properties has reported a 10.7 per cent jump in net profit at BD2.20 million ($5.84m) for the first quarter of the year when compared with BD1.98m in the same period last year. The company said operating revenues totalled BD3.61m during the quarter

Damac Properties Q1 profit slides 15pc (Reuters - 09/05/2016)

Dubai's Damac Properties reported a 15 per cent fall in first-quarter net profit on Monday as revenue dropped. The luxury real estate developer recorded a net profit of Dh1.05 billion ($285.9 million) for the three months to March 31, according to a

Drake & Scull replaces finance chief after just eight months (The National - 05/05/2016)

Drake & Scull International (DSI) has replaced its chief fin­ancial officer after just eight months in the role, and has also brought in the former head of Arcadis’s Middle East operations to the new post of chief operating officer. The Dubai-based

Moody's assigns provisional (P)Ba1 to Ezdan's Sukuk Programme (Moody's - 04/05/2016)

Moody's Investors Service, ("Moody's") has today assigned a provisional (P)Ba1 senior unsecured MTN rating to the USD2.0 billion Trust Certificate Issuance Programme (the "Programme") of Ezdan Sukuk Company Limited (the "Issuer"), a special purpose

Ezdan’s Cityscape pavilion attracts many visitors (The Peninsula - 03/05/2016)

Ezdan Holding Group’s pavilion at the just-concluded Cityscape Qatar 2016 attracted large number of visitors, including prominent figures and real estate developers as well as a great number of visitors. The visitors flocked to the exhibition to learn

Barwa Real Estate unveils QR15bn investment plans (The Peninsula - 02/05/2016)

Barwa Real Estate Company announced yesterday that it would invest over QR15bn (about $4.12bn) in various new projects, including on building over 12,000 housing units aimed at meeting the growing demand for affordable accommodations across the country.

Union Properties hires China State to build Dh450m Motor City scheme (The National - 02/05/2016)

Union Properties has appointed China State Construction Engineering’s (CSCEC) Middle East arm to build its Dh450 million Oia Residences project in Dubai’s Motor City. Union Properties’ chairman, Khalid bin Kalban, said yesterday at a ceremony to mark the

RAK Properties income rises despite slow market (The National - 02/05/2016)

RAK Properties, the developer backed by the Ras Al Khaimah Government, has posted a 25 per cent profit increase for the first quarter despite a slowing property market in the Northern Emirates. The Abu Dhabi-listed group said on Sunday profit for the

Property giant Emaar sees 17% profit rise in Q1 (Arab News - 02/05/2016)

Dubai property giant Emaar said its net profit increased by 17 percent to $328 million in the first quarter of 2016, led by “significant progress” in construction. Revenues of the group, which built the world’s tallest tower Burj Khalifa, also increased

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