Friday 30 January 2015
 
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Deyaar net profit surges 82pc in 2014

Deyaar, a leading Dubai-based developer, has achieved a consolidated net profit of Dh281.9 million ($76.7 million) for 2014, up 82 per cent from Dh154.5 million ($42 million) achieved the year before. The company also finished the

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Al Areen developers in plea for licences

Several Kuwaiti real estate investors are facing difficulties in obtaining the required licences to start their commercial and housing projects as part of Al Areen development project in the Southern Governorate in Bahrain. They s

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UK developer Consero plans $455m projects in Oman

Al Raid Group, one of Oman’s largest corporations, and Consero London, a leading British luxury property developer, have agreed to set up a joint venture to develop up to £300 million ($455 million) of luxury residential property acr

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Omani developer to launch IPO next year

Aqar Property Developers, a subsidiary of leading Omani firm Al Khonji Holding, is planning to go public with an initial public offering (IPO) next year, said a report, citing a senior official. Aqar (meaning real estate in Arabic

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Saudi developer Jabal Omar swings to profit

Jabal Omar Development, the largest listed real estate developer in Saudi Arabia by market capitalisation, has reported its first quarterly profit in five years. Since 2009, Jabal Omar, which works on projects in Makkah, has only report

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Saudi developer to invest in stocks

Jazan Development Company (Jazadco), a leading Saudi company specialising in agricultural activity, said it has won approval from the company's board, to invest SR20 million ($5.3 million) in Tadawul-listed shares. Jazadco sai

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Saudi developer to invest in stocks

Jazan Development Company (Jazadco), a leading Saudi company specialising in agricultural activity, said it has won approval from the company's board, to invest SR20 million ($5.3 million) in Tadawul-listed shares. Jazadco sai

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UAE firm seals land deal with Dubai World Central

SA Level, an UAE-based developer, has signed a deal with Dubai World Central (DWC) towards the purchase of land for the development of a major luxury and lifestyle project in the world’s first purpose-built aerotropolis. The

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Dubai developer to showcase five-star apartments

UAE luxury developer Seven Tides is set to showcase about 20 of the one and two-bedroom apartments at its luxury Anantara Residences The Palm Jumeirah community during the Cityscape exhibition in Dubai, UAE. Investors looking for an ass

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Deyaar profit doubles on new project launch

Dubai-based property developer Deyaar said on Wednesday its second-quarter net profit more than doubled, buoyed by the launch of its hotel apartment project.   Deyaar made a

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