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...

Bank Nizwa signs $650mn agreement with Palm Beach for Al Nakheel project

The Al Nakheel project is a mixed-use real estate development located near the Daymaniyat Islands Nature Reserve. Bank Nizwa has signed a...

Real estate fintech start-up Stake raises $8mn

The company has successfully attracted investments in excess of $12mn in 14 months. In a pre-series ‘A funding’ round, Dubai-based start-up Stake...

CBRE continues Middle East strategic development with new country head in KSA

Pedro Ribeiro joins as general manager of CBRE Saudi Arabia and will be based out of Riyadh. CBRE, the global real estate...

Revenue tops $7.9 billion for DP World

The international ports and logistics titan reports year-on-year growth of 60.4%. DP World Limited has announced exceptionally strong financial results for the...