Friday 18 April 2014

Reem Investments posts $41m profit

Reem Investments, an Abu Dhabi-based investment company, posted Dh152 million ($41.3 million) in net profit for last year.   Abdulhamid M Saeed, managing director, told the recent annual general meeting: “R


Emaar to start sale of Reem properties

UAE-based property developer Emaar Properties has announced the launch of Mira, the first residential project in Reem, a full-fledged lifestyle community focused on leisure, which will be up for sale, starting April 13. Reem marks


Wafra launches $54m project at Cityscape

Kuwait-based Wafra Real Estate has launched a $54 million commercial and residential project inspired by artefacts and elements of the Islamic world at the ongoing Cityscape Abu Dhabi, a major real estate event. Cityscape Abu Dhabi is conc


Reem, Manchester United in training deal

Reem Investments, a privately-held real estate investments firm, has signed up with Manchester United Soccer Schools (Muss) to run its training programmes exclusively in the UAE for two years. Under the terms of the agreement, Muss will ru


Sorouh, Tameer dissolve Reem island JVs

Abu Dhabi developer Sorouh Real Estate and UAE property firm Tameer Holding have dissolved two joint ventures on Reem island, one of the largest developments in Abu Dhabi 'Consequently, Tameer will continue to have 100 percent ownershi

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