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Arabtec unit wins $259m Dubai Downtown project deal
(Trade Arabia - 23/11/2017)

Arabtec Holding, a leading contractor for social and economic infrastructure, said its wholly-owned subsidiary Target Engineering Construction Company has been awarded Phase Two of Forte, a residential development in Downtown Dubai by Emaar for Dh950

Dubai's Emaar Development shares open sharply lower on listing
(Reuters - 21/11/2017)

Shares in Emaar Development, the local real estate arm of top Dubai real estate developer Emaar Properties, fell sharply upon listing on Wednesday. The stock opened at 5.61 dirhams, down from its initial public offer price of 6.03 dirhams, exchange data

Arabtec’s Subsidiary TARGET awarded AED 950m Forte Phase 2 contract
(Press Release - 21/11/2017)

Arabtec Holding, a leading contractor for social and economic infrastructure, today announced that its wholly owned subsidiary, Target Engineering Construction Company (‘Target’) has been awarded Phase 2 of Forte, a residential development in Downtown

Nasdaq Dubai To Create Futures On Emaar Development
(Mondo Visione - 20/11/2017)

Nasdaq Dubai will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM) following its initial public offering (IPO). The listing is expected to take place on November 22, 2017. Investors will

Emaar Properties to raise $1.3 billion in development unit's IPO
(Reuters - 16/11/2017)

Emaar Development IPO-EMAA.DU, a unit of Dubai property firm Emaar Properties EMAR.DU, priced its initial public offer of shares below the mid-point of an indicative price range, valuing the deal at 4.82 billion dirhams ($1.31 billion) in Dubai’s first

Drake and Scull posts $98m Q3 loss
(Trade Arabia - 15/11/2017)

Drake & Scull International (DSI), a regional market leader in engineering and construction services, has registered a net loss of Dh359 million ($98 million) for the third quarter of 2017 mainly hit by overall productivity of projects. Announcing the

Aldar to launch sale of waterfront homes in Abu Dhabi
(Trade Arabia - 15/11/2017)

Aldar Properties, a leading property development and management company, has announced the launch of public sales for the second and final phase of Water’s Edge, the Company’s waterfront development on Yas Island in Abu Dhabi. All homes in this second

Union Properties posts Dh45m loss as construction revenue slumps
(The National - 15/11/2017)

Union Properties, the developer primarily known for its projects in Dubai’s Motor City, posted a Dh45 million loss for the third quarter, as construction revenues dropped by more than a half. The loss, reported on the Dubai stock exchange, was an

Riyad REIT announces CMA approval to changes to the Board of Directors
(Tadawul - 14/11/2017)

Riyad REIT Fund announces Capital Market Authority approval on 12/11/2017 for changes to the Board of Directors effective on the 12th of November 2017. The changes will be as the following: Adel Ibrahim AlAteeq - Chairman of the board Raed Ghaith

ALDAR PROPERTIES DELIVERS STRONG UNDERLYING PERFORMANCE IN Q3 2017
(Press Release - 13/11/2017)

Aldar Properties PJSC, Abu Dhabi's leading listed property development, investment and management company, today announced its financial results for the third quarter of 2017, which show a strong underlying performance across the business. Commenting on

Dubai's Emaar Properties Q3 profit up 32 pct as home sales surge
(Reuters - 12/11/2017)

Dubai's Emaar Properties , which plans to list part of its development unit, reported a 32 percent rise in third-quarter net profit on Sunday, helped by a surge in sales of residential properties. The developer, in which Dubai's government owns a

Emaar’s IPO signals market optimism, says expert
(Trade Arabia - 10/11/2017)

When the most celebrated man-made structure on earth is built and occupied, what’s the next frontier? For Dubai-based Emaar Development, the leading regional developer, it is the public itself, says an expert. Emaar Development's initial public offering

Top contractor Arabtec swings to Q3 net profit
(Trade Arabia - 09/11/2017)

Arabtec Holding, a leading UAE-based contractor for social and economic infrastructure, has registered a net profit of Dh18 million ($4.9 million) for the third quarter compared to a net loss of Dh226 million ($61.5 million) for the same period in 2016.

Barwa announces sale of treasury shares
(The Peninsula - 09/11/2017)

Barwa Real Estate Company , the leading real estate and investment company in Qatar and the region, announced that it is in the process of selling treasury shares owned by Qatar Real Estate Investment Company (Al Aqaria), one of Barwa’s wholly owned

Emaar Malls third-quarter profit gets boost from Namshi acquisition
(Arab News - 09/11/2017)

The acquisition Dubai-based online fashion retailer Namshi underpinned Emaar Malls’ financial performance in the third quarter, the shopping mall operator and retailer said on Wednesday. Net profit for the three months to September was 11 percent higher

Emaar Malls posts 6% rise in net profit to $410m
(Arabian Business - 08/11/2017)

Emaar Malls, the retail business majority-owned by Emaar Properties, recorded a net profit of AED1.506 billion ($410 million) during the first nine months of 2017. The company reported a growth of 6 percent over the net profit of AED1.422 billion during

More than 85 per cent DAMAC properties Vera Residences sold
(CPI Financial - 06/11/2017)

DAMAC Properties, a leading luxury real estate developer in the region, has announced the response to units in Vera Residences, located in Business Bay. The luxury apartments, which boast breathtaking views of Dubai Canal, went on sale on 4 November and

Musharaka REIT announces dividend distribution policy
(Tadawul - 06/11/2017)

Musharaka REIT announces dividend distribution policy compliant with the fund's terms and conditions. Objective The primary investment objective of Musharaka REIT is to generate a periodic income through investing in developed and investable real estate

Deyaar unveils special Midtown package for Emiratis
(Trade Arabia - 06/11/2017)

Deyaar Development, one of the UAE’s largest real estate companies, has launched a new initiative coinciding with the UAE Flag Day for its Midtown project in Dubai. A 1.2-million-sq-ft development, Midtown is located in Dubai Production City, previously

Emaar Prepares to Float 800 Million Shares in IPO
(Asharq Al-Awsat - 03/11/2017)

The UAE’s Emaar Development set on Thursday the price range for its IPO, which goes live on Nov. 22. The range extended between AED 5.70 and AED 6.90 dirhams per share — at the top end, that would value the firm at a whopping $7.5 billion, while raising

Emaar Development IPO pricing may push market value up to Dh27.6bn
(The National - 02/11/2017)

Emaar Development, a unit of the UAE’s biggest listed developer Emaar Properties, has opened the subscription of its initial public offering (IPO), setting the pricing between Dh5.70 and Dh6.90 per share which will value the deal up to Dh5.52 billion

DEYAAR LAUNCHES MIDTOWN PROJECT PACKAGES FOR UAE NATIONALS
(Press Release - 02/11/2017)

Deyaar Development PJSC, one of the UAE’s largest property development and real-estate services companies, has launched a new initiative coinciding with the UAE Flag Day. The initiative aims at encouraging Emiratis to make the right savings choices when

U.A.E Innovation Fund Backs Dubai Startup InternsME
(Forbes Middle East - 02/11/2017)

Dubai-based intern recruitment portal InternsME has become the first recipient of funding disbursed by the Mohammed Bin Rashid Innovation Fund (MBRIF), a $540 million fund sponsored by the U.A.E. government. InternsME received $540,000 in the

Emaar Plans to Raise $1.5 Billion From Development Unit IPO
(Bloomberg - 02/11/2017)

Emaar Properties PJSC is seeking to raise as much as $1.5 billion from the initial public offering of its United Arab Emirates development business in what would be the country’s biggest share sale since 2014. The developer of the world’s tallest

RTA & Emaar ink joint venture to launch autonomous vehicles
(Press Release - 01/11/2017)

The Dubai Roads and Transport Authority (RTA) has signed a joint venture with Emaar Properties to study the launch of autonomous vehicles using smart traffic signals as crossings between the Dubai Mall and Boulevard areas. the agreement was signed on the

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