Dubai developer Nakheel launches Como Residences on Palm Jumeirah
based master developer Nakheel has launched Como Residences, a new residential development on Palm Jumeriah. The 71-storey residential tower is over 300 metres tall and features an innovative design that ensures each residence can take full advantage of the 180° to 360° views of Dubai and the Arabian Sea, the developer said in a statement. Como […]
Dubai Islamic Bank to acquire 25% stake in Turkey digital bank
Dubai Islamic Bank, the UAE’s largest Islamic lender, said on Wednesday its board of directors has approved a proposal to acquire 25% stake in a new digital banking group in Turkey in line with its international expansion strategy. The Dubai Financial Market-listed lender in a regulatory statement on Wednesday neither named the digital bank […]
Abu Dhabi’s Aldar Properties posts 22% jump in Q1 2023 net profit
The UAE developer Aldar Properties posted a 22% increase year-on-year (YoY) in Q1-2023 net profit to 836 million dirhams ($228 million), and said it expects “robust real estate market dynamics” to sustain through 2023. The net profit easily topped analysts’ mean estimate of AED747.7 million, according to data compiled by Refinitiv’s Eikon. Group revenue for […]
Dar Global awards $32mln fit-out contract for Da Vinci Tower in Dubai
Dar Global, the global arm of Saudi developer Dar Al Arkan, has awarded a fit-out works for 800 million UAE dirhams ($217.86 million) Da Vinci Tower in Business Bay to Shapoorji Pallonji Mideast. The contract is valued at AED 116 million ($31.59 million). “Awarding the fit-out works follows a rigorous selection process,” the LSE-listed Dar […]
DIFC to host inaugural Dubai FinTech Summit next week
Dubai is set to host the first-ever Dubai FinTech Summit on 8th and 9th May under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance. The Summit will be organised by Dubai International Financial Centre (DIFC) at Madinat Jumeirah and […]