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Dubai Land Department seizes Schon Properties’ assets and escrow funds
Aimed at protecting the rights of investors "in light of Schon Properties’ actions of exploiting investors," says DLD. The Dubai Land Department...
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Azizi Development’s Shaista Azizi to be complete by end of 2018
Project is one of five the developer is building in Al Furjan. Construction on the $72m mixed-use Shaista Azizi development is expected...
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Construction Machinery ME – August 2018
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Binghatti East on track for September delivery
$16mn project features 60 residential units and part of Binghatti's extensive Silicon Oasis portfolio. Binghatti Developers says its $16 million Binghatti East...
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DAAC deploys 8t Raimondi cranes for Azizi’s Riviera project
The two 8t cranes are expected to be onsite for a period of two years . Italy's Raimondi Cranes SpA says it...
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Deyaar Development registers 2.6% fall in net profits for H1 2018
Developer sees net profit drop to $17.7m as compared to $18.2m registered last year. Deyaar Development, a leading Dubai-based property developer, has...
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Doosan Heavy Industries and Construction Company wins $203m desalination contract
News follows announcement that Asilah is design, building and funding an IWP in Aseelah. A contract for a key desalination plant in...
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Emaar Malls announces net profit of $300m during H1 2018
Results are an 8% increase from the $278m registered in 2017. Emaar Malls, the shopping malls and retail business of Emaar Properties,...
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District One of Mohammed Bin Rashid Al Maktoum City begins work on Phase Three
Developer says project has commenced machinery and department mobilisation and that piling works have progressed. Mohammed Bin Rashid Al Maktoum City, District...
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ePROMIS ERP upgrade is progressing at Darwish Engineering Emirates
ERP software implementation is "advancing steadily" as per the project plan. Approved Content Darwish Engineering Emirates, a leading general contracting company in...