Nakheel announces net profit of $1.05bn for first nine months of 2018

Nakheel, the UAE-based master developer, has announced a net profit of $1.05 billion for the first nine months of the year. That...

Construction

Nakheel appoints Majestic Marine Eng. and ATM to build new marinas on Palm Jumeirah

Nakheel says it has awarded a contract to expand the number of marinas on Dubai's Palm Jumeirah to Majestic Marine Engineering LLC. The...

Infrastructure

DEWA commissions 15 substations in line with national development plans

The Dubai Electricity and Water Authority (DEWA) has commissioned 15 132/11kV substations according to a statement from the utilities company. The substations...

Construction

Nakheel awards $18mn contract to Chinese company for ‘spectacular’ fountains at The Pointe

Nakheel has revealed that it has awarded a contract worth $18 million for a spectacular, choreographed fountain at The Pointe to one of...

Construction

Mina by Azizi project to be delivered in Q3, 2018

Azizi Developments has issues a statement saying that work on its Mina by Azizi project is progressing at pace and will be...

Construction

Nakheel updates on $217mn The Pointe development

The Pointe, Nakheel’s $217 million, 130,064sqm waterfront dining and entertainment destination on Palm Jumeirah, is nearing completion and will open towards the...