The Residences JLT by Signature Developers is on track for completion this year and, once finished, the building will hold a prime position in JLT.
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The new housing town in Bahrain will boast amenities including health, educational, religious, sport, and transportation facilities for 90,000 residents.
Real estate developer, Sobha Realty, launched Sobha Creek Vistas in Sobha Hartland, a 74ha of freehold community in Mohamed bin Rashid Al Maktoum City.
Azizi Developments announced that its upcoming residential project in Al Furjan, Azizi Shaista, is on track towards completion.
Dubai-based developer, ?Damac Properties, posted a 45% drop in its net profit for Q1 2018, to AED484mn from AED880.4mn for the same period last year.
With oil prices above $70 per barrel for the first time since 2014, overseas real estate transactions by Middle Eastern buyers are set to pick up, says JLL.
The Pointe, an AED800mn, 13ha waterfront dining and entertainment destination on Palm Jumeirah, will open towards the end of 2018, Nakheel announced.
Dubai contractor, Drake & Scull International (DSI), achieved a net profit of AED7mn for Q1 2018 as compared to the net loss of AED839mn during Q1 2017.
Aldar Properties delivered a net profit of AED668mn for the first quarter of 2018, up 4% from Q1 2017 (AED641mn), reflecting a strong start to the year.
Dar Al Arkan launched the SAR600mn Mirabilia residential villas with interiors by Roberto Cavalli in the SAR10bn Shams Ar Riyadh development.