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Emaar gears up for grand Dubai Opera launch
(Trade Arabia - 30/03/2016)

Leading developer Emaar Properties has announced a spectacular line-up of world-class performances to mark the grand inauguration of its iconic ‘Dubai Opera’ in Downtown Dubai later this year. The city’s first purpose-built multi-format performing arts

Al Mazaya approves 7% cash dividend for 2015
(Gulfnews - 29/03/2016)

Al Mazaya Holding said it approved 7 per cent cash dividend to shareholders for 2015 at its Ordinary General Assembly Meeting, which was held on March 28. Al Mazaya Holding was able to maintain steady performance levels and positive results in 2015,

Aldar to launch ‘major development’ on Yas Island
(Gulfnews - 28/03/2016)

Aldar Properties, the Abu Dhabi-based real estate developer, said it plans to launch a “major development” on Yas Island where the company already has various residential, hospitality, and retail developments. The development will be launched during this

Deyaar to start selling Dania District next month
(Gulfnews - 28/03/2016)

Deyaar Development will start selling units next month for its Dania District located in its Midtown development at International Media Production Zone. The sale will take place on April 2 in the Burlington Tower in Business Bay at the company’s sale

Dubai’s Drake & Scull bags Dh343m Doha Metro contract
(The National - 23/03/2016)

Dubai’s Drake & Scull has been awarded a 340 million Qatari riyal (Dh343m) contract on Qatar Rail’s Doha Metro project relating to its depots. The contract was awarded by Japan’s Fujita Corporation, whose consortium landed a contract in February 2015 to

Seef Properties names new chief executive
(Trade Arabia - 23/03/2016)

Seef Properties, a leading real estate development company in Bahrain, has appointed Ahmed Yusuf, a property industry veteran, as its new chief executive officer. A graduate of the University of Kuwait with a Bachelor’s degree in Civil Engineering, Yusuf

Arabtec to hold board meet on March 23
(Gulfnews - 22/03/2016)

Arabtec said on Monday it plans to schedule its board of directors meeting on March 23.The Dubai-based construction major’s board will discuss about the annual general meeting, it said in a statement posted on Dubai Financial Market’s website. The

Damac unit rebrands London residential tower
(Trade Arabia - 21/03/2016)

Nine Elms Property Development, a subsidiary of Damac International, has announced the re-branding of its premier residential project, Aykon Nine Elms, in London, UK. The 50-storey tower with interiors by Italian fashion house Versace, has now been

Emaar considers stock listings for hotels unit along with Turkish and
(The National - 21/03/2016)

Emaar Properties is considering the flotation of overseas units and its hotels arm to generate more growth capital and to return cash to shareholders. The company has told investors that it is looking to “monetise core assets" through further initial

Arabtec wins Dhs1.7 billion construction contract
(The Gulf Today - 21/03/2016)

Arabtec Construction, a subsidiary of UAE-based engineering and construction group Arabtec Holding, on Sunday announced that it has won a Dhs1.7 billion contract from the UAE federal government to build 1,100 houses in the eastern emirate of Fujaira.

RAK Properties declares 5% cash dividend for 2015
(Emirates 24/7 - 20/03/2016)

RAK Properties, Ras Al Khaimah-based property developer, has approved distribution of 5 per cent as cash dividend during its recently-held annual general meeting (AGM). The meeting reviewed and approved the company’s activities and its financial position

Arabtec wins Dh1.7b contract for Fujairah project
(Gulf News - 20/03/2016)

Arabtec Holding, the Dubai-based construction company, announced that its subsidiary, Arabtec Construction, was awarded a Dh1.7 billion contract to build 1,100 villas for Emiratis in Fujairah’s Mohammad Bin Zayed City. The project, which was awarded by

Emaar Properties proposes 15% dividend
(Gulfnews - 20/03/2016)

Emaar Properties said on Saturday it plans to submit a proposal to give 15 per cent of the share capital or 15 fills per share — the same as the previous year — to its shareholders. The proposal will be sent for approval at its annual general meeting,

Bahrain Seef's operating profit up 9.7pc
(Trade Arabia - 17/03/2016)

Seef, a leading integrated development company in Bahrain, has registered a 9.7 per cent growth in its operating profit which soared to BD12.69 million ($33.4 million) in 2015 from the previous year's BD11.56 million ($30.4 million). The consolidated net

Aldar announces new dividend policy
(Gulfnews - 17/03/2016)

Aldar Properties, the Abu Dhabi-based real estate developer, announced a new dividend policy yesterday, which it will start implementing for the 2016 dividends. “The dividend policy is based on the underlying cash flow performance of business. The policy

Emaar Properties board to meet on March 18
(Gulfnews - 16/03/2016)

Emaar Properties on Tuesday said it’s board of directors will meet on March 18. The company’s board plans to discuss a proposal on dividend distribution for 2015, as well as plans to amend the company’s Articles of Association, it said in a statement

Aldar awards Dhs318m mall extension contract
(The Gulf Today - 10/03/2016)

Aldar Properties (Aldar), Abu Dhabi’s leading listed property development, investment and management company, has awarded an Dhs318 million contract for Al Jimi Mall’s refurbishment and expansion works to Pivot Construction Company. This investment is

Aldar awards UAE mall revamp contract
(Trade Arabia - 09/03/2016)

Aldar Properties, Abu Dhabi’s leading listed property development company, has awarded a Dh318 million ($86.5 million) contract for Al Jimi Mall’s refurbishment and expansion works to Pivot Construction Company. This is the latest component of Aldar’s

Jabal Omar appoints Yasser Al-Sherif as CEO
(Arab News - 03/03/2016)

Saudi Arabia’s Jabal Omar Development has appointed Yasser Al-Sherif as its new chief executive, the firm said in a statement. The appointment comes in light of a new company strategy that depends on dynamic leadership to help support and improve its