Thursday 30 July 2015
 
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Nakheel H1 profit soars 53pc to $770m

Nakheel, a leading Dubai-based developer, today announced a net profit of Dh2.83 billion ($770 million) for the first six months of 2015, an increase of 53 per cent on the H1 2014 profit of Dh1.85 billion ($503 million). The sharp

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Egypt's Sodic doubles Q1 net profit

Egypt's third-largest listed property developer Sodic has reported a first-quarter net profit of E£79.31 million ($10.39 million), nearly double the E£40.33 million ($5.26 million) it earned in the same period last year.

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Sharjah developer opens Tilal City sales centre

UAE-based Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, has opened the onsite sales centre for Tilal City, the first mixed use development in Sharjah. Launched in November la

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Qatar developer to build four new schools

Lusail City Real Estate Development Company has signed an agreement with the Qatar education ministry to build four new schools on a sprawling 75,000 m area at its development in Doha, said a report. Lusail City, spread over 38 sq

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Etihad Esco inks strategic deal with Dubai developer

Etihad Esco and wasl Asset Management Group have signed a memorandum of understanding (MoU) to conduct a feasibility study that will assess the current energy efficiency of the Dubai group’s buildings and facilities. A ventu

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Dubai Internet City to host top Android developer forum

Dubai Internet City (DIC), a leading information and communication technology (ICT) hub in the Middle East and North Africa (Mena) region, is set to bring the world’s biggest android developer conference to Dubai next month.

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Vida to open new property at Town Square

Nshama, a private developer of integrated lifestyle communities offering distinct value propositions for aspiring home-owners, has inked a deal with Vida Hotels and Resorts to operate a lifestyle boutique Vida hotel and serviced residences in To

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Vida to open new property at Town Square

Nshama, a private developer of integrated lifestyle communities offering distinct value propositions for aspiring home-owners, has inked a deal with Vida Hotels and Resorts to operate a lifestyle boutique Vida hotel and serviced residences in To

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Saudi RSH partners with Brazilian developer

Saudi Arabia-based Red Sea Housing Services Company (RSH) said it has reached a strategic alliance with Direcional Engenharia, a Brazilian developer, to provide affordable housing solutions for the kingdom's rapidly expanding population.

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Al Marjan Island project sales double

Al Marjan Island Company, a leading developer in Ras Al Khaimah, UAE, said the sales and investments at its Al Marjan Island (AMI) project doubled in January compared to the same period last year. Located south-west of Ras Al Khai

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