Union Properties announces final stages of comprehensive debt restructuring process

Union Properties, a Dubai-based real estate development company, has announced that it is in the final stages of a comprehensive debt restructuring...

Consultant

Deyaar Development registers 2.6% fall in net profits for H1 2018

Deyaar Development, a leading Dubai-based property developer, has registered a net profit of $17.7 million for the first half of 2018, down...

Construction

Arabtec wins $279m Dubai Properties contract

Arabtec Construction has clinched a AED 1.025 billion ($279m) contract from Dubai Properties for work on Villanova Amaranta and La Quinta phases....

Construction

Arabtec unit wins $259m contract for Emaar’s Forte development

A subsidiary of Arabtec Holding has won a AED 950 million ($259 million) contract for work on the second phase of Emaar’s...

Construction

Emaar plans to raise up to $1.5bn in development arm IPO

Emaar Properties plans to raise as much as $1.5 billion from the initial public offering of its UAE development arm, it emerged...

Construction

Arabtec wins $99m contract to build mall in Dubai South

Arabtec Holding has announced that its construction division has won a AED 363 million ($98.8m) contract to build a mall at Dubai...

Construction

Arabtec unit wins $31m contract for Dubai Creek Harbour project

A unit of the Dubai-listed Arabtec Holding has won a AED 113 million ($31m) contract for mechanical, electrical, and plumbing (MEP) works...

Property

Dubai’s Damac Properties appoints vice chairman

Following a board meeting that was held on 22 June, 2017, Damac Properties has appointed Farooq Arjomand as its new vice chairman....

Construction

Dubai’s Arabtec Construction appoints Boyd Merrett as CEO

Arabtec Construction, part of the Dubai-listed contracting group, has appointed Boyd Merrett as Chief Executive. Merrett will assume his role in July...