Thursday 27 April 2017
 
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residential

Nakheel records $403m net profit in Q1

Nakheel, one of the world’s leading developers, has announced a net profit of Dh1.48 billion ($403 million) for the first quarter of 2017. The Dubai company said the three-month profit was in line with its forecasts.

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Residential tenants witness ‘Golden Age’ in Bahrain

Weakening economic conditions, tapering off in demand for oil and gas, and an increase in real estate supply has led to increased pressure on the Bahrain real estate industry, according to leading real estate consultancy Cluttons.

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Damac to launch luxury apartments at Aykon City

Damac Properties, one of the region’s largest luxury real estate developers, has announced that it is launching new residential units comprising studios, one-, two- and three-bedroom apartments in the east towers within The Residences at A

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Sloanes completes sample floors at Jeddah tower

Saudi-based Sloanes Real Estate Brokers said it has completed the sample floor at its luxurious residential development Bayat Plaza in Jeddah. Strategically located in the business hub of the city, Bayat Plaza will soon be transfo

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KOA launches UAE’s first large-scale upcycling project

KOA, a developer of unique community projects in the UAE, has launched the UAE’s first large-scale upcycling project, Canvas, demonstrating its leadership in the up-and-coming trend that is typically the domain of the design students and l

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Sloanes to hand over Jeddah twin towers by year-end

Sloanes Real Estate Brokers, a subsidiary of the Sabban Group of Companies, said its residential twin-towers project, Bayat Plaza, in Jeddah, Saudi Arabia, is now 90 per cent complete and on schedule for handover to investors by December.  

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Saudi Arabia to build 462 new housing units

The Saudi government has signed an agreement to build 462 new residential units in eastern Riyadh under the Eskan housing scheme, said a report. The new units, which will be spread across an area of 84,679 sq m, is part of a partn

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Noor Bank inks Damac home financing deal

Noor Bank, a Shari’a-compliant bank in the UAE, said it has signed a partnership deal with Damac Properties, a leading luxury real estate developer in the region, to offer attractive financing options for select residential units.

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Noor Bank inks Damac home financing deal

Noor Bank, a Shari’a-compliant bank in the UAE, said it has signed a partnership deal with Damac Properties, a leading luxury real estate developer in the region, to offer attractive financing options for select residential units.

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$643m Abu Dhabi residential project on track for 2019 launch

Abu Dhabi General Services Company (Musanada) said work was progressing well on its Dh2.5 billion ($643 million) residential development - Emirati District - at Madinat Zayed in the UAE capital. It is due for completion by the end of 2019.

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