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Emaar Malls records Dhs548 million profit in Q1
(The Gulf Today - 30/04/2018)

Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties recorded a net profit of Dhs548 million ($149 million) during the first quarter (January to March) of 2018, similar to the net profit of Dhs539 million ($147 million)

Saudi developer Jabal Omar seals ADFG partnership deal
(Trade Arabia - 30/04/2018)

Jabal Omar Development Company (JODC), the largest publicly-listed real estate company in Saudi Arabia, said it has signed a partnership agreement with leading global investment group ADFG.<br/><br/> The strategic MoU enables the duo to explore

Drake & Scull shares drop 22% in four-day sell-off
(The National - 26/04/2018)

Shares of the Drake & Scull International on Wednesday slumped more than 9.4 per cent as investors continued to sell the stock after shareholders' proposal to raise capital through a convertible debt or selling new shares to a strategic partner were made

Barwa Real Estate Group posts QR405m net profit for Q1
(The Peninsula - 25/04/2018)

Barwa Real Estate Group’s net profit attributable to the shareholders of the parent company reached QR405m and earnings per share at QR 1.04 for the first quarter of 2018, down from the net profit of QR479m and earnings per share of QR 1.23 posted for

DSI shareholders propose increasing capital by Dh500m
(Gulf News - 25/04/2018)

Shareholders of Drake and Scull International (DSI) submitted a request to increase the company’s capital by Dh500 million by issuing new shares with a minimum value of Dh1.25 per share.<br/><br/> During the company’s annual general assembly, a number of

Shurooq, Emaar in new Sharjah hotel deal
(Trade Arabia - 25/04/2018)

The Sharjah Investment and Development Authority (Shurooq) has signed a management agreement with Emaar Hospitality Group to operate a lifestyle boutique hotel in the heart of Al Qasba.<br/><br/> Vida Al Qasba Sharjah, to be operated under Emaar

Damac shareholders approve dividend cut
(Gulf News - 24/04/2018)

Damac Properties Dubai Co. shares tumbled after its shareholders approved a lower dividend than what its board recommended for 2017. Shareholders at the real-estate developer approved a payout of 15 fils per share compared with the board’s recommendation

Union Properties shareholders dismiss chairman, two board members
(The National - 23/04/2018)

Union Properties, the Dubai-based developer that swung to a Dh2.38 billion loss last year, said on Sunday its shareholders dismissed the chairman, and two other board members at the annual general assembly, without giving a reason for the

Emaar Properties declares cash dividend of Dh1b
(Gulf News - 23/04/2018)

Emaar Properties PJSC on Sunday evening approved the distribution of a Dh1 billion ($272.25 million) dividend to shareholders.<br/> Sunday’s announcement brings the total cash dividend for the year to Dh4 billion ($1.089 billion). The distribution of Dh3

Aldar starts handover of two prime UAE properties
(Trade Arabia - 22/04/2018)

Aldar Properties, a leading UAE-based real estate developer, said it has started the handover of two of its premium developments in Abu Dhabi - Nareel Island and Al Merief.<br/><br/> Nareel Island is a premium high-end plot development located on the

Aldar to build world’s first commercial Hyperloop system
(Trade Arabia - 19/04/2018)

Hyperloop Transportation Technologies (HyperloopTT) has signed an historic agreement with Aldar Properties, a leading real estate developer in Abu Dhabi, to launch the world’s first commercial hyperloop system, running 10-km long in a critical

Aldar sells two key plots at Alghadeer development
(Trade Arabia - 18/04/2018)

Aldar Properties, a leading property developer in Abu Dhabi, UAE, said it has sold two plots of land in Alghadeer for community services, demonstrating momentum in its newly-launched masterplanned development.<br/><br/> The contracts will see British

Tamdeen Group opens major mall in Kuwait
(Trade Arabia - 17/04/2018)

Tamdeen Group, a leading mixed-use property developer in Kuwait, has opened Al Kout Mall to the public as the latest addition to the Al Kout project, Kuwait’s largest waterfront retail and leisure destination.<br/><br/> In celebration of the opening, the

Aldar unveils masterplan for $2.7bn sustainable living project
(Trade Arabia - 17/04/2018)

Aldar, a leading property developer in Abu Dhabi, UAE, has launched a Dh10-billion ($2.72 billion) masterplan that will incorporate and greatly enhance one of its already established destinations – Alghadeer, located near the border of Abu Dhabi and

Aldar boosts foreign ownership limit to 49pc
(Trade Arabia - 16/04/2018)

Aldar Properties, a leading real estate developer in Abu Dhabi, UAE, said the company has increased the foreign ownership limit (FOL) from 40 per cent to 49 per cent effective from today (April 15).<br/><br/> The FOL hike was implemented by the Abu Dhabi

Deyaar Development revenues surge 25pc in Q1
(Trade Arabia - 15/04/2018)

Deyaar Development, one of the leading property developers in Dubai, UAE, has reported a year-on-year increase in revenues which hit Dh176 million ($48 million) for the first quarter of 2018, up 25 per cent compared to Dh142 million last year. <br/><br/>

Emaar, Arada launch three big hospitality projects in Sharjah
(Trade Arabia - 13/04/2018)

In a significant deal that will boost the hospitality landscape of Sharjah, Emaar Hospitality Group, a subsidiary of UAE developer Emaar Properties, has signed a partnership deal with Arada, a joint venture between KBW Investments and Basma Group, to

Emaar unit launches Mideast’s first ‘dine-in cinema’
(Trade Arabia - 11/04/2018)

Reel Cinemas, the dynamic cinema brand under Emaar Entertainment, the leisure and entertainment arm of UAE developer Emaar Properties, said it has teamed up with international superstar chef Guy Fieri to launch the first stand-alone dine-in cinema

Seef Properties awards Bahrain mixed-use project contract
(Trade Arabia - 11/04/2018)

Seef Properties, a leading integrated real estate company in Bahrain, has appointed Kuwaiti Manager Holding Company (KMC Holding) as the main contractor for its BD50.2-million ($133 million) mixed-use development project ‘Liwan.’ <br/><br/> A leading

Emaar to offer incentives to buyers at Dubai Property Festival
(The National - 09/04/2018)

Emaar Properties, the UAE's largest real estate developers by market capitalisation, said it will waive real estate registration fees and offer special payment plans on projects showcased at the government-backed Dubai Property Festival this

DSI to hold AGM on April 23
(Gulf News - 09/04/2018)

Drake & Scull International said its annual general meeting (AGM) will be held on April 23.<br/><br/> Earlier, the company’s board had approved plans for the issuance of convertible sukuk of Dh450 million, as private placement or public issuance to be

Union Properties launches 400-home cluster at Motor City
(Gulf News - 04/04/2018)

Union Properties has launched a new mixed-use cluster at its Motor City master-development.<br/><br/> The “Zawaya” represents the first phase of the developer’s new master plan for Motor City, itself expected to have a completion cost of Dh8 billion

Aldar awards $354m contract for key waterfront project
(Trade Arabia - 03/04/2018)

?Aldar Properties, Abu Dhabi's leading listed property development, investment and management company, has appointed Trojan General Contracting as the main contractor for Water's Edge, its latest waterfront development on Yas Island.<br/><br/> The

Dar Al-Arkan lists $500 million sukuk on Nasdaq Dubai
(Gulf News - 02/04/2018)

Yousuf Bin Abdullah Al Shelash, Chairman of Dar Al-Arkan Real Estate Development Company, one of the largest Real Estate Developers in the Middle East, today rang the market opening bell to celebrate the listing of a $500 million (Dh1.836 billion) sukuk

Aldar awards Dh1.3b contract for Water’s Edge project
(Gulf News - 02/04/2018)

Aldar Properties on Sunday awarded main contract for Water’s Edge project on Yas Island to Trojan General Contracting. The total value of the contract is Dh1.3 billion, according to an announcement by the Abu Dhabi based company.<br/><br/> The Dh1.3

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