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Aldar unveils special offer for $2.7bn community project
(Trade Arabia - 30/08/2018)

Aldar Properties, a leading developer in Abu Dhabi, UAE, is set to launch a special one-week offer for customers to help them buy their dream homes at its Dh10-billion ($2.72 billion) master-planned community, Alghadeer, located on Abu Dhabi-Dubai

RAK Properties to award fit-out works for five-star resort
(Trade Arabia - 27/08/2018)

RAK Properties, a leading property developer based in Ras Al Khaimah (UAE), has invited pre-qualification bids from global, regional and local companies for fit-out and furniture, fixtures and equipment (FF&E) works at a five-star luxury resort in the

Emaar Properties' H1 revenue surges 46pc to $3.12bn
(Trade Arabia - 16/08/2018)

Leading property developer Emaar has registered a revenue of Dh11.47 billion ($3.12 billion) for the first half of the year, up 46 per cent compared to Dh7.86 billion ($2.14 billion) last year led by strong construction progress and growth in its malls

Revenue gains take Damac to Dh3.7b in H1-18
(Gulf News - 15/08/2018)

Damac Properties recorded an improvement in revenues in the first six months, at Dh3.7 billion against the Dh3.5 billion in the first half of 2017. But there was a sharp decline in net profit to Dh862 million from first-half last year’s Dh1.6 billion.

Drake & Scull International names new group CEO
(Trade Arabia - 15/08/2018)

Drake & Scull International (DSI), a regional leader in engineering and construction services, has appointed Yousef Al Mulla as the new group CEO replacing Dr Fadi Feghali who will be assuming a new role with the DSI Group. He will take over the new role

Eshraq reports best half-year since 2014
(Gulf News - 14/08/2018)

Abu Dhabi-listed Eshraq Properties reported a first-half net profit of Dh14.8 million, compared to a loss of Dh0.32 million in the first half of 2017. The property firm said in a press statement that the new figures are their best half-year since the

Damac and RHG to launch Radisson Hotel
(The Gulf Today - 14/08/2018)

Damac Properties has signed a landmark agreement with Radisson Hotel Group (RHG) to develop and launch the ‘Radisson Hotel, Dubai Damac Hills’, its first, newly launched Radisson-branded property worldwide located on a golf course, the Trump

Top Kuwaiti developer NREC's operating revenue up 46pc
(Trade Arabia - 14/08/2018)

Kuwait-based National Real Estate Company (NREC), a leading real estate developer with a major presence in the region, said its total operating revenue surged to KD14.02 million ($46 million) for the first half up 46.05 per cent over the same period last

Emaar Development net profit surges 68pc to $496m
(Trade Arabia - 14/08/2018)

UAE-based Emaar Development has reported a net profit of Dh1.82 billion ($496 million) for the first six months of 2018, up 68 per cent compared to Dh1.08 billion ($294 million) for the same period last year.<br/><br/> A build-to-sell property

Expo 2020 picks Emaar Hospitality as hotel partner
(Trade Arabia - 09/08/2018)

Expo 2020 Dubai has selected Dubai-based Emaar Hospitality Group, the hospitality and leisure subsidiary of global developer Emaar Properties, as its newest Official Partner. <br/><br/> Emaar Hospitality Group will provide authentic experiences with a

Emaar set to launch Dubai Creek Marina by year-end
(Trade Arabia - 09/08/2018)

Leading developer Emaar is set to launch one of the world’s finest city-harbour getaways, the Creek Marina, in the heart of Creek Island Dubai, the premier residential and leisure district of the 6 sq-km mega development, Dubai Creek Harbour, by

SRECO to build Phase One of Al Widyan world-class city at a cost of SR10 billion
(Saudi Gazette - 08/08/2018)

Al Akaria Saudi Real Estate Company (SRECO), one of the largest real estate developers listed on the Saudi stock exchange (Tadawul), on Monday announced plans for a 7 million square meter mixed-use development called Al Widyan, in a strategic location of

Aldar Properties' revenue surges to $816m in H1
(Trade Arabia - 08/08/2018)

Aldar Properties, a leading real estate developer in Abu Dhabi, UAE, has delivered a resilient underlying performance across its businesses for the first half of 2018 compared to the same period last year.<br/><br/> Announcing its financial results for

Sreco to build integrated world-class city in Saudi Arabia
(Trade Arabia - 07/08/2018)

Leading developer Al Akaria Saudi Real Estate Company (Sreco) has announced plans for a 7-million-sq-m integrated world-class city 'Al Widyan' in capital Riyadh. Strategically located in Riyadh’s northern growth corridor, Al Widyan is around 15 minutes

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