Saturday 18 November 2017

Tech Group opens fifth readymix plant in UAE

Leading construction conglomerate Tech Group said one of its strategic units has opened its fifth readymix concrete batching plant in the northern emirate of Ajman. Tech Remix, a key player in the regional industry, currently has four plants operating at full capacity with two in


Manara renews strategic Gulf Property Show deal

Bahrain-based Manara Developments has signed up as strategic sponsor for next year's Gulf Property Show, the boutique showcase for the real estate and property development sectors based in the Northern Gulf. It will be held under the patronage of HRH Prince Khalifa bin Salman


Wasl releases third Dubai luxury tower for sale

UAE-based wasl Asset Management Group has released the third tower of Park Gate Residences within its  flagship wasl1 project for sale onto Dubai's freehold property market. One of the largest real estate management and development companies in Dubai, wasl Asset Manageme


Araco wins Tecom tower consultancy contract

UAE-based Abdul Rahim Architectural Consultants (Araco) said it has won a contract from Tecom Group, a member of Dubai Holding, for its Dh75-million ($20.4 million) tower at Al Barsha Heights located in one of the fastest growing neighbourhoods of Dubai. The 14-storey building bo


Aldar's nine-month net profit surges to $506m

Aldar Properties, the leading property development company in Abu Dhabi, UAE, has delivered a strong underlying performance across the business for the first nine months with a net profit of Dh1.86 billion ($506 million) over last year. Announcing its financial results for the nine mon


Arada in record Sharjah apartment unit sales

Arada, the UAE’s newest developer, said it has sold all the 115 apartment units within Areej 5 block in the first phase of Aljada, the largest mixed-use project in Sharjah, thus breaking the record for the sale of number of homes the emirate on a single day. Aljada is ideal


Saudi KAEC inks project development agreements

Saudi-based King Abdullah Economic City (KAEC) said it has signed a series of agreements and partnerships with the General Customs Authority and the Economic Cities Authority (ECA) to establish a deposit and re-export zone within the Jeddah facility and also build an auto racing circuit at Lago


Damac to launch sales of Dubai luxury homes

Damac Properties, a leading luxury real estate developer in the region, has announced the launch of The Park Villas, a collection of luxury homes nestled amongst pristine themed parks and manicured gardens, located in its golf community Damac Hills. Featuring 4 million sq ft of p


Fatima Alansari wins top Interiors Expo award

Fatima Alansari Design and Execution, a leading design house from Bahrain, has been voted as the Best Stand (Design) at the Interiors Expo 2017 (formerly gulf Interiors) held in Manama. An annual event promoting luxurious interiors product and designs, Interiors Expo will be held


Emaar's nine-month profit surges 20pc to $1.2bn

Leading property developer Emaar Properties has recorded a Dh4.35 billion ($1.18 billion) net profit for the first nine months (January to September), up 20 per cent over the net profit of Dh3.62 billion ($986 million) for the same period in 2016. Announcing the results, Emaar sa

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