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Abu Dhabi’s Aldar reports 15% rise in Q1 profits
The real estate heavyweight sold 320 units in off-plan developments during the period, helping push profits to $178m. The Abu Dhabi-listed Aldar...
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India’s Gemini Property starts work on Dubai project
The developer has registered with the Real Estate Regulatory Authority and opened an escrow account. The India-based Gemini Property Developers has started...
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Project Qatar 2016 exhibitors tour new port project
International exhibitors were invited to visit some of Qatar’s megaprojects, including one of the world’s largest greenfield port developments. Promotional content supplied...
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Project Qatar 2016 officially inaugurated
Sheikh Ahmed bin Jassim Al Thani, Minister of Economy and Commerce, opens construction show in Doha. Promotional content supplied by IFP Qatar...
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Dubai’s Danube Group posts 83% rise in turnover
Developer expects 15-20% growth this year, and plans 3-4 new real estate projects annually, as revenues hit $1.4bn in 2015. Danube Group...
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Dubai to launch property star ratings system
Number of completed projects that will undergo the ratings process stands at over 120,000 units. The Dubai Land Department has announced that...
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Saudi Arabia sets rules for tax on undeveloped land
Step aims to address lack of affordable housing, given that up to 50% of land in urban areas remains vacant. Saudi Arabia...
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Dubai’s Damac reports 15% slide in profit
Property developer reports $285.9 million profit in the first quarter of 2016. Damac Properties has reported a 15% slump in its first-quarter...
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Dragon Mart plans building materials showroom in Doha
Facility to offer 13,000sqm of retail space for in-demand construction items. Dragon Mart in Qatar is planning to open a 13,000sqm showroom...
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First Worker Welfare Report published in the UAE
Government report notes that ‘many non-national workers have faced in the past many malpractices by recruitment agents’. A government report on worker...
