Omniyat inaugurates ORLA on Palm Jumeirah

Developer Omniyat has inaugurated the ORLA, Dorchester Collection in Dubai, which is situated on a beachfront plot at the apex of Palm...

Property

Sobha Realty unveils new interconnected tower development in Dubai

Developer Sobha Realty has announced a new residential development in Dubai. ‘Sobha One’ is said to comprise five interconnected towers offering waterfront...

Financial

JODC registers 407% increase in revenue in Q3 2022

Saudi-based developer Jabal Omar Development Company (JODC), the master developer of the massive Jabal Omar mixed-use project in Makkah, has announced its...

Property

DAMAC launches new luxury tower in collaboration with Zuhair Murad

Developer DAMAC Properties has announced the launch of a new luxury property, the 25-storey Elegance Tower in Downtown Dubai. In a statement,...

Financial

Nakheel secures $4.6bn in strategic financing

UAE-based developer Nakheel has secured US $4.6bn in strategic financing – refinancing an initial $3bn and agreeing additional funds of $1.63bn –...

Financial

RAK Properties delivers buoyant results in Q3

RAK Properties has announced that it earned US $7.5mn net profit during the third quarter of 2022, while revenues climbed to $78.84mn,...

Construction

Ellington starts handover of Harrington House residential project

Dubai-based developer Ellington Properties has begun the handover of its Harrington House project in Jumeirah Village Circle (JVC). Harrington House features 92...

Financial

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

Developer Union Properties has reported a net profit of US $224,000 for the third quarter of the year, compared to a net...

Construction

Dar Al Arkan completes KSA’s first 3DCP villa

Saudi developer Dar Al Arkan has completed the Kingdom’s first 3D construction printed (3DCP) two-storey villa, within the Shams Al Riyadh residential...