Union Properties posts $13m profit in Q3

[caption id="attachment_12461" align="aligncenter" width="400"] Union Properties has posted a profit despite a decline in revenues.[/caption] RELATED ARTICLES: Abu Dhabi expects $49bn new projects...

Construction

Oman’s Tilal to launch IPO in H2 2013

Tilal Development Company, the Oman based real estate developer, announced on Tuesday that it will launch its initial public offering in the...

Construction

Northern Riyadh to receive strong real estate investment

Real estate investment in Northern Riyadh is expected to grow even stronger, keeping in line with the increasing focus across the region...

Construction

Nakheel appoints Manchanda as CEO

Nakheel has confirmed the appointment of Sanjay Manchanda as the new CEO of the company, it was announced on Wednesday. The move...

Construction

Tameer hands over Princess Tower

Dubai-based property developer Tameer has delivered the world’s tallest residential building, the 414m Princess Tower. Built on a land area of 3,475.5...

Construction

Limitless debt deal in September

The troubled property investment arm of Dubai World, Limitless has said it was aiming to seal, by the end of September, its...

Construction

Saudi REDF starts disbursement of $389.8m in housing loans

Saudi Arabia’s Real Estate Development Fund (REDF) has announced its branch in the holy city of Makkah has started the process of...

Construction

Public spending fuels Oman real estate surge

Official figures released by the Omani government reveal the country’s real estate sector is seeing an upward trend, as the traded value...

Construction

Qurashi petition refused by Dubai Cassation Court

The Dubai Cassation Court has refused a petition by British businessman Safi Qurashi to quash a final conviction for bouncing a $1.9m...

Construction

Oman’s MEDC to advise developers on eco-friendly tech, designs

Developers in Oman have been urged by the Muscat Electricity Distribution Company (MEDC) to incorporate energy-efficient technologies and environment-friendly construction designs. As...