Emaar Properties recorded a 15% growth in net profit to AED2.83bn during the first six months of 2017, as to AED2.47bn during the same period last year.
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Dubai-based developer, Deyaar Development, is currently in the process of conducting an increased number of fire drills and inspections.
Nakheel is currently assessing five proposals, with bids starting at just under AED900mn, for the construction of Dragon Towers in Dragon City.
Drake & Scull International (DSI) reported a net loss for Q2 2017, reduced by 12% to AED199mn as compared to AED226mn during the same period last year.
Dubai-based developer, Damac Properties, reported a net profit of AED1.6bn and a total revenue of AED3.5bn in the first half of 2017.
The Phase one of Salalah Water Park project is scheduled for completion in December 2017, said a report citing senior officials.
The Egyptian Electricity Transmission Company (EETC) has awarded Siemens a contract for the construction of two new substations.
Vice President, Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed, has approved the new strategy for building permit procedures in Dubai.
The Middle East fire protection market is estimated to grow at a CAGR of 12.2% to $4.40bn in 2021 from a market size of $2.21bn in 2015.
Eagle Hills Bahrain has awarded the contract for Marassi Shores Residences, within the Marassi Al Bahrain development, to Dadabhai Construction.