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...

Construction

Red Sea Global confirms new brand identity and mandate

The developer behind two ambitious regenerative tourism projects in Saudi Arabia has confirmed its transformation into Red Sea Global (RSG) at the...

Financial

Arada closes $100mn tap of Sukuk issuance

Developer Arada has successfully closed a US $100mn tap of its existing $350mn sukuk, which was issued in June and listed on...

Construction

JODC says completion of Phases Two and Three of Makkah mega master development on track for year-end

Developer Jabal Omar Development Company (JODC) said that work on its master development in Makkah is progressing at a steady pace, with...

Construction

Bloom Holding expands educational portfolio via Egyptian JV

Abu Dhabi developer Bloom Holding is expanding its education portfolio internationally through a joint venture (JV) with New Era Education (an expert...

Construction

Arada awards $124mn in contracts to Airolink for development of Aljada homes

Two major contracts worth $124mn have been awarded by Sharjah-based developer Arada to Airolink Building Contracting. The deal will see the construction...