Saturday 25 November 2017
 
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Emaar's nine-month profit surges 20pc to $1.2bn

Leading property developer Emaar Properties has recorded a Dh4.35 billion ($1.18 billion) net profit for the first nine months (January to September), up 20 per cent over the net profit of Dh3.62 billion ($986 million) for the same period in 201

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Damac's nine-month profit hits $626m, sales up 13pc

Damac Properties, a leading luxury project developer in the Middle East, has reported a net profit of Dh2.3 billion ($626 million) for the first nine months and has also booked sales of Dh6 billion ($1.63 billion), up 13 per cent over last year.

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Jordan group awards business park design contract

Jordan-based developer The Business Park Company has awarded a key contract to Faris & Faris Architects to design a new business hotel in the King Hussein Business Park (KHBP) Development Area in Amman, Jordan. This comes foll

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Bucheerei takes over as Naseej chairman

Naseej, a leading real estate and property developer in Bahrain, has appointed Mohammed Bucheerei, as the new chairman of its board of directors. He replaces Khalid Abdulla Janahi, who had been the chairman since the company was e

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Sodic H1 revenue jumps 88pc to $66m

Egypt-based Sodic, a leading real estate development company, has posted a revenue of EGP1.17 billion ($65.9 million) for the first half of the year, reflecting a year-on-year (y-o-y) increase of 88 per cent. The strong performanc

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UAE developer Deyaar's H1 revenue up 135pc

UAE-based property developer Deyaar has reported a 135 per cent year-on-year increase in revenues for the six months ending June which soared to Dh316.4 million ($86.1 million) from last year's 134.9 million. Announcing its fi

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Qatar UDC revenue surges 32pc in H1

United Development Company (UDC), a leading Qatar-based developer, said it has achieved a 32 per cent growth in its revenues for the first half of 2017 compared to the same period last year despite economic challenges. The master

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Nakheel opens new monorail station on Palm Jumeirah

Dubai-based master developer Nakheel has opened a new monorail station on Dubai’s Palm Jumeirah as the annual passenger figures surge to more than one million. Located at the heart of The Palm’s Al Ittihad Park, the st

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Nakheel opens new monorail station on Palm Jumeirah

Dubai-based master developer Nakheel has opened a new monorail station on Dubai’s Palm Jumeirah as the annual passenger figures surge to more than one million. Located at the heart of The Palm’s Al Ittihad Park, the st

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Saudi Arabia approves new designs for 100,000 homes

Engineering designs for 100,000 housing units that will cater to Saudi Arabia's middle-income earners have been approved by the Saudi Ministry of Housing, said a report. The projects, designed by Egyptian property developer Al

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