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Damac announces sale of Business Bay tower units
(Trade Arabia - 30/07/2018)

Damac Properties, a leading luxury property developer, has announced the release of exclusive one- and two-bedroom apartments at its Reva Heights development in Dubai’s prestigious Business Bay for sale.<br/><br/> Offering exquisitely-designed spaces at

Emaar Malls H1 net profit surges 8pc to $300m
(Trade Arabia - 30/07/2018)

Emaar Malls, the shopping malls and retail business of UAE developer Emaar Properties, has registered a net profit of Dh1.102 billion ($300 million) during the first half, up 8 per cent over Dh1.021 billion ($278 million) last year. <br/><br/> Announcing

Emaar Hospitality Group to create over 5,300 new jobs
(Trade Arabia - 26/07/2018)

Emaar Hospitality Group, the hospitality and leisure business of global developer Emaar Properties, is expected to create more than 5,300 jobs in the hospitality sector in the next five years across the UAE.<br/><br/> Significantly, the group is focusing

Barwa reports net profit of QR804m for H1
(The Peninsula - 25/07/2018)

Barwa Real Estate Group, one of the leading real estate and investment companies in Qatar and the region, has reported a net profit (attributable to the shareholders of the company) of QR804m for the first half of the year (H1) ended June 30, 2018, down

Dubai Holding, Emaar to build giant hitech retail hub
(Trade Arabia - 25/07/2018)

Dubai Holding and Emaar Properties have announced the launch of Dubai Square, a new retail metropolis that pushes the boundaries of modern retail and leisure in Dubai Creek Harbour by drawing on next-generation technology.<br/><br/> Blurring the

Al Mazaya Holdings reports $9.6m H1 net profit
(Gulf News - 24/07/2018)

Al Mazaya Holdings has announced half-year net profits of $9.6 million, down from $13.7 million over the same period the year before. The Kuwaiti firm, dually listed on the Kuwait and Dubai exchanges, announced its figures to the Dubai Financial Market

Emaar to build Mideast’s largest Chinatown in Dubai
(Trade Arabia - 19/07/2018)

Dubai-based property developer Emaar said it will develop the Middle East’s largest Chinatown within the retail district of Dubai Creek Harbour, its six-sq-km mega-development, only 10 minutes from the Dubai International Airport and the iconic Burj

Emaar 'selling hotels, clinics, schools to raise $1.4bn funds'
(Trade Arabia - 18/07/2018)

Dubai’s leading developer Emaar is planning to sell hotels, clinics and schools as it seeks to raise funds worth $1.4 billion by disposing of non-core assets in the midst of a property slump in the emirate, reported the Financial Times.<br/><br/> Emaar,

Emaar is seeking $1.4bn from non-core assets sale, report says
(The National - 17/07/2018)

Emaar Properties, Dubai's biggest real estate firm, plans to sell non-core assets including the bulk of its hotel portfolio and several schools and healthcare facilities to raise $1.4 billion, according to a news report.<br/><br/> The company has hired

DSI confirms Tabarak remains ‘strategic investor’
(Gulf News - 17/07/2018)

Drake and Scull International (DSI) said on Monday that Tabarak Investment’s stake in it is at 13.26 per cent, and that Tabarak “will continue to be a strategic investor.”<br/><br/> DSI said in a statement to the Dubai bourse that Tabarak owns over 142

Aldar's Abu Dhabi waterfront projects on track
(Trade Arabia - 16/07/2018)

Leading UAE developer Aldar Properties said work is progressing well on all its projects at Yas Island in Abu Dhabi with the delivery of the first 300 homes under way at the island’s first villa community.<br/><br/> Giving the latest quarterly update on

Drake & Scull confirms financial violations by previous management
(The National - 12/07/2018)

Dubai contractor Drake & Scull International said its former management was involved in “material” financial violations that are currently under investigation by the designated UAE authorities.<br/><br/> The company confirmed earlier reports about the

Seef Properties posts $6.27m Q2 net profit
(Trade Arabia - 12/07/2018)

Seef Properties, a leading integrated real estate development company in Bahrain, has announced a net profit attributable to the shareholders of BD2.38 million ($6.27 million) for the second quarter of 2018.<br/><br/> The figure is a decline of 10.4 per

Drake & Scull’s ex-CEO said to owe up to $272m
(Gulf News - 10/07/2018)

An internal probe by Drake & Scull International PJSC into alleged violations by the previous management has concluded that former chief executive officer Khaldoun Al Tabari and his daughter owe the contracting firm as much as Dh1 billion ($272.3

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