DUBAI / Agencies Nakheel on Wednesday announced a net profit of AED4 billion for the first nine months of 2017, a 2.5 percent increase on the same period last year. Nakheel has handed over almost 1,200 units to customers so far this year. The company’s core business of residential development combined with its growing hospitality, retail and leasing businesses all ...

Bloomberg Abu Dhabi’s Mubadala Investment Co. is weighing its first investment in Saudi Arabia together with the kingdom’s sovereign fund and started talks to invest in US technology companies. The sovereign fund is considering investing in technology, real estate and industrial sectors in Saudi Arabia, CEO Khaldoon Al Mubarak said. The kingdom is ‘a tremendous market’ and Mubadala is exploring ...

DUBAI / Emirates Business Dubai Land Department (DLD) has revealed that the value of real estate investments made in the first nine months of this year exceeded AED 84 billion. Over this period, a grand total of 30,941 investors made 40,543 transactions. According to the report, over 7,841 Gulf nationals made 11,000 transactions worth nearly AED 29.5 billion. The Dubai ...