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Danube Properties launches AED450mn ‘Bayz’ project in Dubai

Dubai / Emirates Business Danube Properties, Dubai’s pioneers in affordable housing, has launched a new project called Bayz in Dubai’s upcoming Business Bay neighborhood. The announcement of the AED 450 million project was made at a press conference, which was addressed by Rizwan Sajan, Chairman and Founder of Danube Group in the presence of senior management as well as the ...

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DAMAC Properties reports net profit of AED880 million in Q1

Dubai / Emirates Business DAMAC Properties Dubai Co. PJSC, a leading property developer in the Middle East, on Monday announced the financial results for the first three months ending March 31. During the first three months of 2017, DAMAC recorded revenues of AED 1.95 billion, with gross profit margins at 54%. Net profit for the reporting period stood at AED ...

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RAKEZ welcomes creative firms to its Media Zone

Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (RAKEZ), the umbrella of RAK Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA), continues to make waves after its recent launch, now opening the doors of its Media Zone to the media business community. “The RAKEZ Media Zone provides a nurturing and synergistic environment for media firms ...

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