Friday 27 May 2016

First Bahrain Real Estate profit up

First Bahrain Real Estate Development Company has reported a net profit of $1.1 million for last year, representing 56 per cent growth over the prior year, a report in the Gulf Daily News, our sister newsapaper, said. To read further, please visit


New residential project launched in Seef

A new residential project, named Seef Terraces, has been launched in Bahrain targeting the demand for “affordable high-quality lifestyle homes”, a Gulf Daily News report quoting the promoters said. To read further, please visit


Egypt developer starts work on key housing project

Leading Egyptian developer Wadi Degla has started construction work on its major residential project, Neopolis, which will come up on a 2.2-million-sq-m area in New Cairo, said a report. The project, located in the Future City, will boast of about 14,000 housing units with varied


RAK Ceramics wins UAE home interiors awards

RAK Ceramics, one of the world’s largest hi-tech manufacturers of lifestyle ceramics solutions, was named “Editor’s Choice” at The InsideOut Awards 2016, an annual event recognising manufacturers and suppliers that create inspirational home interiors. On t


The Sustainable City wins big at EmiratesGBC awards

The Sustainable City, the region’s first fully integrated sustainable community in Dubai has won top honours at the Emirates Green Building Council 2016 Awards held in the UAE emirate recently. The major advanced ecological community concept from Diamond Developers was decl


Experts to discuss GCC construction market issues

Construction industry leaders from across the GCC will seek to identify strategies for tackling the changes taking place in the region as a result of the fall in oil prices at the upcoming Meed Construction Leadership Summit (MCLS) in Dubai, UAE, The conference, scheduled on May


Qatar First Bank inks JLL partnership deal

Qatar First Bank (QFB), a leading Shari’ah compliant lender, has partnered with leading global developer JLL to offer shareholders and clients the ability to source real estate opportunities based on their specific requirements and budget. Signed at QFB’s private bank


Cluttons launches contest for slum solution

Global real estate company Cluttons has launched The Next Big Thing, an international competition which invites entrants from the UAE to outline a concept which will help turn the world’s ‘slums’ into legitimate, sanitary and productive communities. As the world


Imdaad to showcase new FM solutions at expo

Imdaad, a leading provider of facilities management (FM) solutions in the GCC, will showcase the latest technologies in integrated FM, at the 2016 FM Expo, a dedicated event for the sector, opening in Dubai, UAE, on May 23. Participating in the two-day event at the Dubai World Tr


UAE developer welcomes premium retail brands

UAE-based Al Forsan Real Estate said one of its flagship projects in capital Abu Dhabi, Al Forsan Village, is set to house several premium brands including Spinneys, Cheeky Monkeys, Grand Optics, Holland and Barrett, Al Manara, NBAD, Tilia Flowers and Chocolate, illy Cafe, JustKidding and Strea

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