Construction

Emaar Development recorded a 25% increase in property sales, reaching AED 28.9 billion (US$ 7.9 billion) and 43% increase in net profit to AED 4.1 billion (US$ 1.1 billion) for the first nine months of 2023

  Dubai, United Arab Emirates- November 9, 2023: Emaar Development PJSC (DFM: EMAARDEV), the UAE's premier property development company specialising in build-to-sell property development business, that is majority-owned by Emaar Properties PJSC (DFM: EMAAR), sustained its momentum in property sales in the third quarter (July to September) of 2023 as well. The company's property sales increased by...

Emaar Records 42% Growth in Net Profit and Group Property Sales of AED 31.1 billion (US$ 8.5 billion) in the first 9 months of 2023

Dubai, United Arab Emirates – November 09, 2023: Emaar Properties PJSC (DFM: EMAAR) announced its financial results for the first nine months of 2023 demonstrating operational excellence and sustained growth across its diverse portfolio. Key Accomplishment Highlights Emaar recorded nine-month 2023 revenues of AED 18.4 billion (US$ 5.0 billion) with net profit of AED 8.2 billion (US$ 2.2 billion)...

V-Marine Unveils Rise 55: The Exceptional Houseboat Redefining Luxury Living on Water

V-Marine is proud to share that the Rise 55 has already secured its first two sales, with the first one set to be delivered in Qatar this August, followed by the second sale in Kuwait. The Rise 55 boasts an unparalleled blend of elegance and functionality, setting new standards for houseboat design. With its innovative architecture and sleek lines, this houseboat presents a stunning presence on...

V-Marine Set to Make a Splash in UAE with Grand Opening of New Location

  V-Marine, a leading provider of houseboats and floating resorts, is proud to announce the opening of its commercial office in Dubai, UAE. The new office will be led by Giovanni Sorrentino, a well-known figure in the yacht industry for his collaborations with European and GCC yards such as Silent Yacht, an award-winning company for sustainable yacht industry, and Tecnomar for Lamborghini....

Emaar Development Acknowledges its Robust Performance for 2022 at its Annual General Meeting

Dubai, United Arab Emirates – 18 April 2023: Today, on April 18, 2022, Emaar Development PJSC (DFM: EMAARDEV) held its Annual General Meeting (AGM) where the Board of Directors reported Emaar's strong performance for 2022. At the AGM, shareholders approved the Board of Directors' proposal to distribute dividend of AED 2.081 billion (US$ 567 million) which equals to 52% of the share capital (~AED...

Inspex partners with Francorp Middle East with a mission to truly inspire the clean revolution across the Middle East and the world.

Since its establishment in 2009, InSpex has grown to become a major one-stop solution provider of top-quality cleaning services across super-yachts, offices, hotels, nurseries, hospitals, and more. InSpex is now on the journey of expansion and reaching across all borders. InSpex upholds a strong, and unique business model, embedded with core values that are customer-centric, environmentally...

Emaar Development records property sales of AED 30.713 billion (US$ 8.362 billion) in 2022, an increase of 12% over 2021

Dubai, United Arab Emirates - February 14, 2023: Emaar Development PJSC (DFM: EMAARDEV), the UAE build-to-sell property development business, majority-owned by Emaar Properties PJSC (DFM: EMAAR) recorded an increase of 12% in property sales to AED 30.713 billion (US$ 8.362 billion) compared to AED 27.440 billion (US$ 7.471 billion) in 2021. This performance was a result of Emaar’s successful...

Emaar announces record property sales of AED 35.1 billion (US$ 9.5 billion) and EBITDA increased by 18%

Dubai, United Arab Emirates – 14 February 2023: Emaar Properties PJSC (DFM: EMAAR) reported continued improvement in its property sales, growth in profitability and marked improvement in the performance of recurring revenue businesses in 2022. Key Accomplishment Highlights Emaar recognised revenue of AED 24.9 billion (US$ 6.8 billion) in 2022, supported by the continuous strengthening of the...

Ventures Onsite covers Saudi Arabia's booming construction sector

Ventures Onsite announces the latest KSA construction 2023 market report  Government policies in 2023 will create a favorable environment for the domestic economy to prosper. The Vision 2030 initiatives and investments from the National Development Fund, PIF, and sector-focused funds are expected to stimulate activity in both oil and non-oil sectors beyond expectation.  Leading industry...

Press Release: The CONSTRUCTION TECHNOLOGY AWARDS 2023, part of the Construction Technology Festival is back with 17 awards.

The 3rd Construction Technology Awards 2023 seeks to recognise stand-out individuals, organisations, and projects that are helping to deliver a greener, faster, safer and more efficient built environment. Part of the Construction Technology Festival, the region’s only dedicated ConTech awards look for the best examples of digital implementation and leadership that have helped deliver projects...

Press Release: Construction Technology Festival KSA 2022 is back with its 2nd edition

Construction Technology Festival KSA 2022 is back with its 2nd edition The event is co-organised by the Saudi Contractors Authority (SCA), co-located with The Contracting Excellence Awards, an SCA initiative to recognise the best examples of local contracting industry innovation, best practice and excellence.  The event will be attended by and held under the esteemed patronage of His Excellency...

NLT Establishes #1 Turnkey Trucking Program With Proven Success For Investors

Dubai: Seeking the perfect investment opportunity? Look no further! The Next Level Trucking Program continues to exceed investor expectations in trucking with over 4 years of proven success - even through a pandemic. In fact, Next Level saw its highest year in 2021, with some of its top trucks bringing in over $320k annually. As it stands, based on top data and analytic providers, there are an...

Commercial real estate market continues to soar in Dubai

  CRC, a Betterhomes Group company and Dubai’s largest commercial real estate agency, released their Q1 2022 Dubai Commercial Property Market Report, which provides an in-depth overview of Dubai's commercial real estate over the past quarter. The first quarter of 2022 has proven that the Dubai Real Estate market continues to soar. The commercial real estate market's remarkable post-pandemic...

Demand and prices on the rise for townhouses and apartments in Q1 2022

Consistent with the increased transactions and values last year, 2022 is shaping up to be a great one for Dubai’s property sector. In its first quarter, the residential property market only kept moving forward with a marked uptick in sales transactions and values.  DLD figures showed the real estate market’s continued growth with an 81% increase in transactions quarter-on-quarter. Prices have...

Expo 2020: big deficit in sustainability demands industry and academics to foster partnerships

He described the main challenges faced by the world, and stated, “There’s now a peace deficit in Europe and the numbers of refugees is rising. There’s also a big deficit in sustainability and I think that’s where academics can really play a part by working with industry. The third main deficit is a deficit of equality. The number of people living in poverty has increased for first time since...