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Ezdan Holding’s profits jump 8% to QR927m in H1 (The Peninsula - 28/07/2016)

Ezdan Holding Group reported a net profit of QR927m for the first half of 2016 (H1, 2016), up 8 percent as compared to QR858m recorded for the corresponding period last year. The earnings per share (EPS) remarkably went up reaching QR0.35, from QR0.32 a

Emaar Malls records Dhs987m profit in H1 (The Gulf Today - 28/07/2016)

Emaar Malls has reported first-half 2016 net profit of Dhs987 million, 17 per cent higher than the net profit of Dhs845 million during the same period last year. Revenue for H1 2016 is Dhs1.618 billion ($441 million), 11 percent higher than the H1 2015

DAMAC sets sale of Phase 2 of AKOYA Imagine villas (Saudi Gazette - 27/07/2016)

DAMAC Properties announced today that phase one of AKOYA Imagine villas has been sold out, and the launch of the second phase is planned for the end of July. The contemporary-styled villas, which are designed and priced to attract professionals in the

Ezdan Mall, ELAN Media sign ad partnership (The Peninsula - 26/07/2016)

Ezdan Holding Group and ELAN Media, the media arm of ELAN Group have recently signed a partnership where ELAN Media will be the exclusive media representative for Ezdan Mall. The announcement was made during an official signing ceremony attended by

Aldar eyes Al Ain as key growth market (Trade Arabia - 26/07/2016)

Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, views Al Ain as a key expansion market for its retail portfolio, driven by its significant local population and vibrant business landscape, the company

Eshraq Properties appoints Alseddiqi as new chairman (The National - 26/07/2016)

Eshraq Properties has appointed Jassim Alseddiqi as the chairman of the ADX-listed developer. Mr Alseddiqi, also the managing director and chief executive of Abu Dhabi Financial Group, had already been serving as a board member of Eshraq. He "will focus

Aldar sees Al Ain as key growth market (The Gulf Today - 26/07/2016)

Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, views Al Ain as a key expansion market for its retail portfolio, driven by its significant local population and vibrant business landscape. According to

Ezdan cuts water usage by 60pc at homes complex (Trade Arabia - 25/07/2016)

Qatar’s Ezdan Real Estate Company has installed about 262,000 water-saving devices in more than 15,000 of its Al Wukair residential units, resulting in a reduction of up to 60 per cent in the overall water consumption. Group COO Dr Mousa Al Awwad said

Lazurde opening the nominations for Board of Directors (Press Release - 21/07/2016)

Lazurde Company is pleased to announce to its shareholders, the opening of nominations for membership to the Board of Directors for the vacant independent board seat during the current session that ends on 25th April 2018. That the candidates are elected

Deyaar posts Dh111m H1 net on revenues (Khaleej Times - 21/07/2016)

Deyaar Development, one of Dubai's leading property developers and real estate service providers, announced on Wednesday a net profit of Dh111 million for the first half 2016 on the back of higher revenues. First half revenues rose 16 per cent to Dh135

DAMAC Towers attains industry EarthCheck Design Certification (Saudi Gazette - 21/07/2016)

DAMAC Towers by Paramount Hotels & Resorts has recently been awarded the EarthCheck Design Certification from EarthCheck, the world’s leading scientific benchmarking, certification and advisory group for travel and tourism. This certification is one of

Dar Al-Arkan earnings dip 38.72% (Arab News - 21/07/2016)

Dar Al-Arkan, one of Saudi Arabia's largest property developers, reported a 38.7 percent fall in second-quarter net profit on Wednesday, continuing its earnings slump as it made less money from land sales. Al-Arkan made a net profit of SR43.2 million

Emaar unveils new luxury homes in Dubai Hills Estate (Trade Arabia - 20/07/2016)

Leading Dubai developer Emaar Properties has launched an exclusive collection of residences with park and boulevard views at its ambitious Dubai Hills Estate. A joint venture with Meraas Holding, Dubai Hills Estate is accessible from Sheikh Zayed Road,

Drake & Scull wins Dh226m Iraq project (Gulfnews - 19/07/2016)

Drake & Scull International said on Monday it has been awarded a Dh226 million contract at the Zubair oil field in southern Iraq by a subsidiary of Italian energy giant Eni. The contract is for engineering, procurement and construction work for a water

Deyaar, Dubai Cares to build school in Senegal (Trade Arabia - 14/07/2016)

Deyaar Development, one of Dubai’s largest property developers, has signed an agreement with Dubai Cares to build a primary school in rural Senegal to provide access to educational facilities for the community. Dubai Cares, part of Mohammed Bin Rashid Al

INSHA wins Barwa’s QR99.85m Madinat Al Mawater Phase I works (The Peninsula - 13/07/2016)

Barwa Real Estate yesterday announced that the QR99.85m construction contracts for Phase I of Madinat Al Mawater project had been awarded to Doha-based INSHA Co. The works would be completed in 12 months. The project is located at the intersection of

Damac launches beach-style living apartments (Trade Arabia - 13/07/2016)

UAE-based Damac Properties has announced the launch of 'The Beach at Navitas Hotel & Residences,' an inspiring new collection of golf and beach-style living apartments set within its Akoya Oxygen master development in Dubai. A collection of five towers,

Emaar introduces unbeatable offer (Saudi Gazette - 11/07/2016)

This summer, every time you stay, dine or play at various entities of Emaar Hospitality Group and Emaar Entertainment, be assured of unbeatable value and unparalleled wins including the opportunity to win a free year-long stay in a one-bedroom apartment

Emaar's Dubai Opera on track for August launch (Trade Arabia - 08/07/2016)

Construction work on Dubai Opera, the city’s first purpose built multi-format performing arts theatre, is set to be completed in August, developer Emaar properties said in a construction update. According to an update on its website, the project is

Emaar awards Dh500 million contract for Opera Grand Tower in Downtown (The National - 05/07/2016)

Emaar Properties has awarded a Dh500 million contract to build the Opera Grand Tower in Downtown Dubai to Athens-based Consolidated Contractors Company, according to Meed. Meed said the tower would be 65 to 70 storeys high and that 56 of these would be

DAMAC Properties introduces AKOYA Imagine targeting millennials (Saudi Gazette - 05/07/2016)

DAMAC Properties Monday unveiled AKOYA Imagine, a cluster of homes surrounded by the lush greens and fairways of the international golf course. Set at the heart of the AKOYA Oxygen master development, AKOYA Imagine presents a collection of colorful

Barwa Real Estate Q2 profit nearly trebles (Trade Arabia - 04/07/2016)

Barwa Real Estate, one of Qatar's largest listed developers, reported a near-trebling of second-quarter net profit on Monday, according to Reuters calculations. Barwa made a net profit of SR550 million ($151.1 million) in the three months to June 30,

Damac comes up with 5-year service charge waiver (Gulfnews - 04/07/2016)

Dubai’s developers are pulling out every incentive in the book to get buyers interested. If in recent months they were competing on post-handover payment plans, Damac could be setting a new trend by waiving services charges for the first five years after

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