Monthly Archives: May 2022

Business growth boosts Abu Dhabi’s IHC profit in Q1

13 May 2022 – ARAB NEWS – www.arabnews.com

Abu Dhabi’s International Holding Co. saw its profit more than double in the first quarter on the back of new acquisitions and solid performance by its subsidiaries..

Net profit for the first quarter climbed …

Stunning LA-inspired mansion on The Palm sells for AED 63mln

13 May 2022 – ZAWYA BY REINFINITIV – www.zawya.com

DUBAI: LUXHABITAT Sotheby’s International Realty is proud to announce the sale of an LA-inspired beach mansion on the Palm Jumeirah at AED 63 million. Spanning 8,600 sq ft with its coveted location …

JIIC completes work on main Jubail Island bridge

12 May 2022 – GDN ONLINE – www.gdnonline.com

Jubail Island Investment Company (JIIC) today (May 11) announced the completion of the construction for the main bridge linking the Jubail Island project to Sheikh Khalifa bin Zayed Al Nahyan highway (E12), …

Alpha Dhabi reports AED2.84 billion in Q1 2022 net profit

12 May 2022 – Emirates News Agency-WAM – www.wam.ae

 

Alpha Dhabi Holding has announced its financial results for the first quarter of 2022, reporting a net profit of AED2.84 billion, up significantly year-on-year from AED100 million.

Revenues stood at AED8.17 billion …

Dubai government to restructure Land Department and Municipality

11 May 2022 – The National News – www.thenationalnews.com

The Dubai Executive Council on Tuesday passed a series of resolutions aimed at raising Emiratis’ quality of life, improving residential neighbourhoods and supporting family businesses.
In a meeting headed by Sheikh Mohammed bin …

Dubai’s secondary real estate market booms in first quarter

09 May 2022 – Khaleej Times – www.khaleejtimes.com

Property investors from the UK, Italy, and France claimed prime spots in the top-10 list of foreign investors in Dubai as the emirate’s real estate sector witnessed the dominance of the secondary …

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