JODC registers 407% increase in revenue in Q3 2022

A notable development during the period was the company’s successful close of the Alinma Fund debt-to-equity transaction, the company said. Saudi-based developer...

Nakheel secures $4.6bn in strategic financing

A spokesperson said that the transactions will further strengthen Nakheel’s financial position and reflect the confidence of banking institutions in the new...

RAK Properties delivers buoyant results in Q3

A major new spa resort coming on-stream bolstered performance for the firm in Q3. RAK Properties has announced that it earned US...

Union Properties reports net profit for Q3 2022, following $8.44mn loss in 2021

The developer is continuing to see the positive benefits of its business Turnaround Strategy, a spokesperson said. Developer Union Properties has reported...

Arada closes $100mn tap of Sukuk issuance

Since its launch in 2017, Arada has launched three master-planned projects in Sharjah, with a combined sales value of $9.12bn. Developer Arada...

$670mn added to its backlog in Q3 2022 says Orascom Construction

The firm said that its US subsidiaries accounted for 30% of the business during the quarter. $670mn worth of new contract awards...

Union Properties announces completion of $162mn debt restructure

The developer's management team remains focused on improving the efficiency of the business and driving cost synergies across its subsidiaries, it noted....

Emaar investors approve Dubai Creek Harbour acquisition

The deal’s structure makes Dubai Holding the second largest shareholder of Emaar stock. Shareholders have approved Emaar Properties’ acquisition of Dubai Creek...