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DSI announces the appointment of Group Chief Executive Officer
(Press Release - 29/03/2018)

The Board of Directors of Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering and construction services, announced the appointment of Dr. Fadi Feghali as the Group Chief Executive Officer, with effect from 1st of

DSI to issue convertible sukuk in second quarter
(Gulf News - 29/03/2018)

Drake & Scull International (DSI), a regional engineering and construction service provider, said it is targeting to issue a sukuk convertible into equity in the second quarter of 2018.<br/><br/> The DSI board approved plans for the issuance of

Emaar unveils 220-key hotel project in Dubai
(Trade Arabia - 28/03/2018)

Emaar Hospitality Group, the hospitality and leisure subsidiary of Emaar Properties, has expanded the portfolio of hotel projects under its Vida Hotels and Resorts brand, with the new Vida Za’abeel.<br/><br/> The hotel is located centrally in Za’abeel, a

Aldar to launch sale of new $119.7m boutique homes
(Trade Arabia - 25/03/2018)

Aldar Properties, a leading UAE-based real estate developer, has announced the launch of Reflection – a new Dh440 million ($119.7 million) boutique residential development on Reem Island.<br/><br/> Sales for Reflection will commence on March 31 at

Seef Properties unveils new mixed-use project in Hamala
(Trade Arabia - 25/03/2018)

Seef Properties, a leading real estate development company in Bahrain, has unveiled plans for 'Liwan', a mixed-use development project estimated to be worth BD50.2 million ($132.7 million).<br/><br/> The site is located in Hamala in the Northern

Abu Dhabi's Aldar raises foreign ownership limit to 49%
(The National - 23/03/2018)

The shareholders of Aldar Properties have approved raising its foreign ownership limit by 9 per cent, allowing foreigners to own up to 49 per cent of Abu Dhabi’s biggest-listed developer, the company said on Thursday.<br/><br/> The developer behind

Aldar and Emaar shares climb after Dh30bn strategic alliance
(The National - 21/03/2018)

The shares of Aldar and Emaar Properties, two of the the UAE’s biggest developers, rose during early trade on Wednesday after unveiling a strategic alliance to develop local and international projects worth Dh30 billion a day earlier. Aldar shares rose

Al Ramz approves dividend distribution of 6%
(Gulf News - 21/03/2018)

Al Ramz Corp said its general assembly has approved a dividend distribution of 6 per cent of the capital.<br/><br/> The distribution represents more than 50 per cent of the net profits achieved for the year and a 20 per cent increase on the dividends

Aldar, Emaar launch $8.17bn strategic alliance
(Trade Arabia - 21/03/2018)

Two of the largest real estate developers in the UAE - Dubai-based Emaar Properties and Abu Dhabi-based Aldar Properties -- have entered into a strategic joint venture to develop projects worth Dh30 billion ($8.17 billion) locally and

RAK Properties’ AGM approves cash dividend of 6% for 2017
(Gulf News - 20/03/2018)

RAK Properties said its board approved increasing the cash dividend to 6 per cent of the nominal value of share (6 fils per share), up from the recently recommended 5 per cent.<br/><br/> “The year 2017 was another very successful year for the company

Damac issues enabling works tender for its Vera Residences
(The Gulf Today - 20/03/2018)

Damac Properties has issued a new tender for enabling works on its Vera Residences, a luxurious 30-storey tower in the heart of Business Bay, with elegantly appointed interiors, world-class amenities, and breath-taking views of Dubai Canal.<br/><br/> The

Al Mazaya Holding launches third medical development in Kuwait
(Saudi Gazette - 18/03/2018)

AL MAZAYA Holding, one of the leading real estate development companies in the Gulf region, has announced the launch of a new state-of-the-art medical complex Mazaya Clinic III, which is the third investment of the company in Kuwait’s medical sector and

United Real Estate launches residences tower
(Trade Arabia - 18/03/2018)

United Real Estate Company (URC), one of Kuwait’s leading real estate development companies, has announced the launch of Hessah Towers in the upcoming exclusive Hessah Al Mubarak District.<br/><br/> Positioned in a prestigious location along the Arabian

Al Ramz Capital reappointed as liquidity provider for Union Properties
(Gulf News - 15/03/2018)

Al Ramz Capital has been re-appointed as a liquidity provider for Union Properties Shares after obtaining the necessary approvals from Dubai Financial Market and signing the agreement. <br/><br/> A Liquidity Provider is appointed by a company with the

Seef Properties plans new waterfront project in Bahrain
(Trade Arabia - 13/03/2018)

Seef Properties, a leading integrated real estate company in Bahrain, has announced the establishment of a real estate company in collaboration with strategic partners, to develop a new mixed-use waterfront project between the two bridges in the Capital

Damac issues tender for new Aykon City tower
(Trade Arabia - 13/03/2018)

Dubai-based Damac Properties has issued a new tender for main works for a second tower at its six-tower luxury master development, Aykon City, on Sheikh Zayed Road overlooking Dubai Canal.<br/><br/> The tender will cover the construction of the tower,

Damac awards Dhs424m construction contract
(The Gulf Today - 08/03/2018)

Damac Properties has awarded another construction contract worth Dhs424 million to Arabtec to build additional villas in AKOYA Oxygen. EFECO (Emirates Falcon Electromechanical Co.), a subsidiary of Arabtec, will be carrying out the MEP works for the

Arabtec wins $115m Damac contract for 916 villas
(Trade Arabia - 08/03/2018)

Arabtec Holding, a leading contractor for social and economic infrastructure, said that its wholly owned subsidiary Arabtec Construction has been awarded a Dh424 -million ($115.4 million) contract from Damac Properties for the construction of 916 villas

Emaar launches ultra luxury tower in Dubai
(Trade Arabia - 06/03/2018)

Dubai-based Emaar Development has unveiled an exclusive collection of ultra-luxury apartments, penthouses and podium-level townhouses in The Grand, a spectacularly designed residential tower located near the heart of Creek Island at Dubai Creek Harbour.

Jabal Omar plans to build passenger terminal in Makkah
(Trade Arabia - 04/03/2018)

Jabal Omar Development Company, the largest listed real estate group in Saudi Arabia by market capitalisation, said it has signed a deal with Saudi Ground Services Company (SGS) to conduct a joint study on the possibility of building a passenger terminal

Saudi developer Jabal Omar to close Umm Al Qura merger deal in 2018
(Arab News - 02/03/2018)

Jabal Omar Development Co. , one of Saudi Arabia’s largest listed property developers, expects to finalize its merger deal with Umm Al Qura Development and Construction in 2018, a senior company executive said.<br/><br/> The deal, announced in November,

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