Union Properties reported a net profit of AED24.7mn attributable to shareholders for the second quarter compared to a loss of AED2.29bn in 2017.
A consortium comprising Cologne-based facts and fiction and Swiss company, Adunic, has won the bid to design and build the German Pavilion at Expo 2020.
Saudi Arabia has signed two agreements with real estate development companies to build some 10,000 residential units in the city of Jeddah.
Nakheel reported a 4% dip in its net profit for the first six months of 2018, to AED2.51bn as compared to AED2.61bn in the same period in 2017.
Dubai Municipality launched a positive global initiative to raise the level of construction safety in the construction sites in the emirate.
Dubai Properties has completed the installment of energy-saving systems in communities that will offset an estimated 1,450 tonnes of CO2 emissions annually.
Azizi Developments announced a construction milestone for its flagship waterfront community project in Meydan One, Azizi Riviera.
Dubai-based Drake & Scull International appointed Yousef Al Mulla as the new group chief executive officer owing to a 'fresh' restructuring plan.
Damac reported a drop of 45% in its net profit for the first six months of 2018, to AED862mn as compared to AED1.58bn in the same period last year.
Integrated facilities management company, Emrill, has announced contract wins and renewals for the past year of over $135mn.
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