Monday 18 February 2019
 
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Abu Dhabi seeks EoIs for 2000MW solar PV project

Emirates Water and Electricity Company (Ewec) - formerly Adwec (Abu Dhabi Water and Electricity Company) - has invited expressions of interest (EOI) from leading developers to finance, build and operate a 2000MW solar photovoltaic (PV) Independent Power Project in Abu Dhabi besides taking respo

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Bahrain launches consultancy tenders for $2bn metro

Bahrain's Ministry of Transportation and Telecommunications has announced the launch of tenders for the appointment of a transaction advisor and consultancy services firm for Phase One of its ambitious Bahrain Metro Project. The mega project, which is estimated to cost betwee

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Emaar opens world's highest lounge in Dubai

Leading UAE property developer Emaar has opened the doors to the highest point in Burj Khalifa at levels 152, 153 and 154, towering at an imposing height of 575 m, with the unveiling of The Lounge, Burj Khalifa. Billed to become the must-visit destination to relax, unwind and chi

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GFH, Terra sign $100m real estate exit deal

GFH Financial Group (GFH) said it has signed a $100 million real estate divestment deal with a special purpose vehicle owned by Terra Real Estate Investments as part of its previously announced $1 billion in exits from its existing real estate portfolio. As per the deal, Terra wi

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Danube Properties seals Johnson Controls partnership deal

UAE-based Danube Properties has entered into an alliance with Johnson Controls, a global leader in energy efficiency, smart and sustainable building technologies, as part of its mission and in line with the UAE government’s vision to deliver green, smart and sustainable development projec

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Emaar Development net profit jumps 42pc to $1.06bn

Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties, has recorded a net profit of Dh3.901 billion ($1.062 billion) for the full-year 2018, up 42 per cent, compared to Dh2.743 billion ($747 million) the previous year. Announcin

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Dubai industrial real estate market 'remains challenging'

Dubai’s industrial and logistics real estate market remained stable in the six months leading up to 2019 and it now continues to be challenging, with increased flight-to-quality and supply still outstripping take up, said an industry expert. “We will continue to monit

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Challenges remain for Dubai industrial property sector: study

While Dubai’s industrial and logistics real estate market remained relatively stable in the six months leading up to 2019, it continues to be challenging, with increased flight-to-quality and supply still outstripping take up, said an industry expert. “We will continu

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Seef Properties posts $29.2m net profit in 2018

Seef Properties, a leading real estate company in Bahrain, has recorded a net profit of BD11.12 million ($29.2 million) for 2018 compared to BD11.06 the previous year mainly due to its continued focus on partnerships and joint ventures and its diversification strategy. Announcing

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Aldar Properties' 2018 revenue hits $1.7bn

Aldar Properties, a leading property development company in Abu Dhabi, UAE, has reported a full-year 2018 revenue of Dh6.3 billion ($1.71 billion), up 2 per cent over the previous year on the back of asset acquisitions and development revenue recognition as projects under construction achieved

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