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Nakheel reveals Q1 profit
Nakheel announced a net profit of Dh1.47 billion for the first quarter, 8 per cent higher than the net profit of Dh1.35 billion registered in the same period last year.
Mada Residences 15% complete
Artar Real Estate Development announced that it has completed 15 per cent of Mada Residences in Downtown Dubai, its first project in the UAE.
Azizi to build serviced homes
Azizi Developments launched its first serviced residences project, Candace, at Al Furjan. The Dh460-million project will have two towers: Candace Aster and Candace Acacia.
Faya 90% sold
Bloom Properties said it has sold 90 per cent of Faya, the fourth phase of its master planned community Bloom Gardens, within one week of its launch.
Glitz 3 contract
Danube has awarded Naresco Contracting the main contract for the Dh350-million Glitz 3 development by Danube Properties in Dubai Studio City.
Vincitore launches first project
Vincitore Real Estate has launched its first project in Dubai, Vincitore Palacio, a mid-rise apartment building with 175 units located close to Miracle Gardens.
New project in Sobha Hartland
Sobha Group has announced the launch of Sobha Hartland Greens, a luxury building in its Sobha Hartland waterfront development.
Have a look at the Abu Dhabi Cityscape briefs
Source: Property Weekly