RAK Properties triples H1 profit in 2023

RAK Properties has recorded solid growth for the first half of the year with a 164% jump in its revenue, hitting $140mn,...

Property

Azizi Developments enters the hospitality sector

Private developer Azizi Developments has just announced its plans to invest up to US $16.3bn in the hospitality sector, through the launch...

Construction

Azizi’s Park Avenue II set for Q2 completion

UAE-based Azizi Developments has announced that steady progress is being made on its Park Avenue II project in Dubai, with nearly 81%...

Industry News

Sobha Realty announces new Co-Chairman

Ravi Menon has been announced as Co-Chairman of Sobha Realty. In his new role, he will be responsible for overseeing the operations...

Property

Arada launches penultimate phase of Masaar residential community project

The sixth and penultimate phase of Arada’s woodland residential community project, Masaar, has been launched. The release of a further 338 homes...

Construction

Roshn inks $2.1bn in agreements with construction firms for development of infrastructure and facilities

Saudi-based community developer Roshn has announced that it has inked agreements worth US $2.1bn with top construction firms for the development of...

Financial

Emaar Properties approves $598mn cash dividends

Leading UAE developer Emaar Properties has announced that its Board has approved the distribution of cash dividends worth US $598mn to its...

Property

Deyaar launches $300mn waterfront residential project in Dubai Maritime City

Dubai-based developer and real estate service provider Deyaar Development has launched Mar Casa. It said that the US $299mn 52-floor residential project...

Construction

Deyaar appoints main contractor for $140mn luxury residential project

Developer and real estate service provider Deyaar Development has appointed the main contractor for construction works at its Tria luxury residential project....

Construction

Sobha Realty completes Waves tower

Developer Sobha Realty has announced the successful completion of its Waves project at the waterfront district in its Sobha Hartland community. The...