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Union Properties swings to nine-month net profit
(Trade Arabia - 14/11/2018)

Union Properties, a leading real estate company based in Dubai, UAE, said it has recorded a net profit of Dh145.6 million ($40 million) for the first nine months of 2018, compared to a net loss of Dh2.3 billion ($626 million) for the same period last

Aldar awards construction contract for mega Abu Dhabi project
(Trade Arabia - 13/11/2018)

Aldar Properties, a leading property developer in Abu Dhabi, UAE, has signed up Al Rakha Contracting & General Transport LLC to complete the infrastructure buildings and early works package for the first neighbourhood in the Phase Two of its Dh10-billion

Arabtec net profit more than doubles in Q3
(Trade Arabia - 08/11/2018)

Arabtec Holding, a leading construction company in the Middle East region, has registered a net profit attributable to the parent of Dh181 million ($49.2 million) for the third quarter, growing more than twofold from last year's figures of Dh75 million

Saudi Arabia’s Dar Al Arkan sees profits drop on sales decline
(Arab News - 06/11/2018)

Saudi Arabian real estate developer Dar Al Arkan said that a decline in property sales has dragged down its profits for the third quarter this year, according to a filing on the Saudi stock exchange.<br/><br/> Net profit after zakat and tax dropped to

Emaar launches premium Downtown Dubai apartments
(Trade Arabia - 06/11/2018)

Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties, is offering investors the last opportunity to invest in a residential apartment in Downtown Dubai, the world’s most visited lifestyle and retail

Arabtec hires Moelis for debt restructuring
(Reuters - 05/11/2018)

Arabtec Holding has hired New York-based investment bank Moelis to work on a new debt-restructuring plan for the construction company. <br/><br/> The Gulf-based construction company aims to reschedule short-term debt to long-term borrowing. Arabtec had

Al Mazaya reports 9-month net profit at Dhs58.32 million
(The Gulf Today - 05/11/2018)

Al Mazaya Holding, one of the leading real estate development companies in GCC, has announced its financial results for the third quarter of 2018, declaring net profit at Dhs58.32 million and earnings per share at 9.33 fils.<br/><br/> Following the

Emaar Malls sees Q3 profits increase by 10 per cent
(Gulf News - 05/11/2018)

Dubai-based retail owner Emaar Malls saw a 29 per cent pop in its revenues between January to September of this year compared to 2017, while its net profits grew by nine per cent to Dh1.6 billion in the same period.<br/><br/> In a bourse filing on

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