Emaar offers new 43-storey tower in Dubai Creek Harbour
(Trade Arabia - 31/08/2017)
Emaar Properties has launched a new elegant residential tower in the heart of the Island District of Dubai Creek Harbour, the 6 sq km mega-development only 10 minutes from the Dubai International Airport. The 43-storey 17 Icon Bay, launched for sale on
Damac to offer luxurious Just Cavalli villas
(Trade Arabia - 29/08/2017)
Damac Properties, a leading luxury real estate developer in the region, has announced a collaboration top fashion brand Roberto Cavalli Group to launch the world's first villas to feature interiors with the "Just Cavalli" signature style. Located in
Emaar to release units for latest residential project at Dubai Creek
(Arab News - 28/08/2017)
Emaar on Sunday said it will start releasing units for 17 Icon Bay, its latest residential project at the six square-kilometer Dubai Creek Harbor being developed in a joint venture with Dubai Holding. Construction of the 41-story tower is expected to be
Damac sees huge potential in Toronto's property market
(The Gulf Today - 24/08/2017)
Toronto's property market continues to see strong demand, according to Damac International Chairman, Hussain Sajwani, following his visit to the city during a business tour of Canada this week to explore new investment opportunities. During a meeting
Emaar awards main contract for Creekside 18 residential project at Dub
(Arab News - 24/08/2017)
Dubai developer Emaar has awarded Al Naboodah Construction the main contract to build Creekside 18, a residential development of 480 apartments in two 37-story towers. The contract involves the construction of the two towers, each with residential units,
Emaar announces plans for new Dubai Hills Mall
(Trade Arabia - 22/08/2017)
Emaar Properties has unveiled plans to build a new mall in the Dubai Hills Estate, one of the largest master-planned communities being developed in Dubai, UAE, in joint venture with Meraas. Scheduled to open in late 2019, Dubai Hills Mall will feature 2
DSI subsidiary awarded Dh175m contract
(Gulfnews - 22/08/2017)
Drake & Scull International, the Dubai-listed contractor, confirmed on Monday its subsidiary, Gulf Technical Construction, was awarded a Dh175-million-contract to build a project in Dubai's Business Bay. The award was by Orion Real Estate to build the
Emaar spices up Dubai retail sector
(The Gulf Today - 21/08/2017)
Emaar Properties on Sunday announced the launch of 'Dubai Hills Mall,' a family retail district located in the heart of Dubai Hills Estate, the 11 million sq m master-planned green oasis set in easy proximity to Al Maktoum International Airport and
Drake & Scull to proceed with Fairmont Abu Dhabi MEP works
(Trade Arabia - 17/08/2017)
Drake & Scull International (DSI), a regional market leader in engineering and related services, has announced that it will proceed with the mechanical, electrical and plumbing (MEP) works for the Fairmont Abu Dhabi Hotel and Serviced Apartments under a
Damac sees Cityscape as catalyst for sector growth
(The Gulf Today - 17/08/2017)
Damac Properties, a leading luxury real estate developer in the region, sees the decision to allow onsite sales at this year's Cityscape Global 2017 as a positive step to help boost property sector growth. The 16th Cityscape Global 2017 conference and
Union Properties swings to record Dh2.3 billion quarterly loss
(The National - 16/08/2017)
Union Properties (UP), the developer whose board went through an overhaul in May, reported its worst-ever quarterly loss on Tuesday after it wrote down the value of investments and booked provisions to cover accounting errors of the firm's previous
Saudi developer Jabal Omar to raise 4b riyals via sukuk
(Gulfnews - 15/08/2017)
Saudi Arabia's Jabal Omar Development Co, one of the largest listed property developers in the country, plans to raise 4 billion riyals (Dh3.91 billion or $1.06 billion) with local currency sukuk issues, sources familiar with the matter said on Monday.
Emaar posts growth in property sales
(The Gulf Today - 15/08/2017)
Emaar Properties recorded a 15 per cent growth in net profit to reach Dhs2.837 billion ($772 million) during the first six months of 2017 (H1), compared to Dhs2.475 billion ($674 million) during the same period last year. The H1 2017 revenue reached
Damac reports decline in property development sales
(Arab News - 15/08/2017)
Damac Properties reported a second consecutive quarterly income decline after property development sales fell sharply. The developer behind the only Trump-branded golf course development said total comprehensive income declined 19 percent to 704.8
Drake & Scull removes CEO as it pares losses
(Arab News - 15/08/2017)
Dubai-based construction firm Drake & Scull has terminated the contract of its CEO Wael Allan after less than a year in the role. The contractor on Monday posted a loss of 182.7 million dirhams ($49.7 million) for the second quarter. The board also
DSI to receive Dh100m loan from Tabarak Investment
(Gulfnews - 10/08/2017)
Drake & Scull International (DSI) has announced that it will receive an interest-free 'Qard Hasan' loan of up to Dh100 million from Tabarak Investment as part of company's capital restructuring programme. The loan will help meet the immediate working
DSI guaranteed up to AED 100 million investment
(CPI Financial - 09/08/2017)
Drake & Scull International PJSC, a regional market leader in engineering and related services, will receive an interest-free 'Qard Hasan' loan of up to AED 100 million from Tabarak Investment as part of DSI's capital restructuring programme. The loan
Emaar Malls net profit hits Dhs1.021 billion
(The Gulf Today - 07/08/2017)
Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded a net profit of Dhs1.021 billion ($ 278 million) in the first-half (January to June) of 2017. This is 3 per cent higher than the H1 2016 net profit of Dhs
Emaar Misr inspects proposed project site in Egypt
(Reuters - 06/08/2017)
Egypt's investment and housing ministers met Egyptian property developer Emaar Misr on Saturday to discuss future investments by prominent Emirati businessman Mohamed Alabbar, the investment ministry said. Alabbar founded and has led Emaar Properties of
DAMAC launches The Trump Estates Park Residences
(Saudi Gazette - 03/08/2017)
DAMAC Properties, a leading luxury real estate developer in the region, launched The Trump Estates Park Residences, an exclusive collection of exquisite villas that enjoy unobstructed views of the parks in DAMAC Hills. The luxury gated community boasts
Emaar's Dubai Mall voted best mall brand in UAE, new ranking reveals
(The National - 02/08/2017)
Dubai Mall, the emirate's largest mall and the world's biggest shopping centre by total area, claimed the top spot in a new list of the healthiest mall brands in the UAE, according to YouGov BrandIndex. In the first-ever global brand health rankings
Drake & Scull ends Saudi work drought with Dhahran wastewater plant
(Arab News - 02/08/2017)
Drake & Scull International (DSI) has ended a near three-year major order drought in Saudi Arabia. The Dubai-listed contractor was chosen to help build a wastewater plant that will also generate biogas. The contractor which was hit hard by the
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