Chestertons opens new Al Reem Island office in Abu Dhabi

New office will serve demand for future master-planned free-hold communities in Abu Dubai. Chestertons has opened a new office on Al Reem...

AI and VR technology changing UAE’s real estate sector – Saleh Abdullah Lootah

Lootah Real Estate Development CEO says technologies are helping to improve buyers’ experience and purchasing decisions. The introduction of artificial intelligence (AI)...

Work on $735mn Jabal Al Dhanna to begin soon, Modon Properties says

Developer makes announcement following inspection tour by Ruler’s Representative in Al Dhafra region to proposed site. Modon Properties, the UAE-based developer, has...

Dubai’s Deyaar Development hands over Dania District in Midtown

Six building district has a total of 579 residential units and a range of materials. Deyaar Development, the Dubai-based property developer and...

5,300 active construction projects currently ongoing in KSA

ProTenders report looks at the construction market in the Kingdom of Saudi Arabia. More than 5,300 active construction projects are currently ongoing...

Arabtec Holding outlook positive despite losses of $211mn in 2019

The company attributes losses to construction business while pointing fingers at a slowing real estate market. Arabtec Holding has announced its financial...

Deyaar reports fall in revenues for 2019 after release of financial results

Net profit for 2019 reported at $19.4m, Dubai-based developer says. Deyaar, the Dubai-based property developer and real estate service provider, has announced...

UAE completes work on $517mn Mohamed Bin Zayed Residential City project

City features modern designs with innovative ideas, combining local and Andalusian heritage. UAE authorities have completed construction of the $517m Mohamed bin...

Al Ghurair Properties says it has doubled year-on-year top-line performance in 2019

11 new development projects have been completed to-date in Dubai during the year, with a further 23 expected before end of 2020....

Emaar Malls posts 5% growth in revenue for 2019, reaching $1.27bn

Overall net profit for the year amounted to $622m, a marginal increase on the $607m posted in 2018. Emaar Malls, the shopping...

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