First-half profit falls by more than 93% to Dh47.51 million.
First-half profit falls by more than 93% to Dh47.51 million.
The new project is located minutes away from major colleges and universities such as University of South Carolina, Limestone College, Gardner Webb University, among others.
The government announced in May it would increase penalties for illegal purchases to rigorously enforce rules under which foreigners are only allowed to buy new dwellings, and not existing residential property.
Nurol has a presence in the Gulf region with Nurol Construction and Trading Company in Abu Dhabi since 2003.
Developers are lining up to unveil a wave of attractive new housing options during the 14th edition of Cityscape Global.
MBR City, a massive mixed-use project, has all the trappings to become Dubai's new nerve centre
Higher margins and lower finance costs drive up Abu Dhabi developer's second quarter earnings to Dh601 million
Damac also announced an interim dividend of 10 per cent cash and 10 per cent bonus shares.
Four developments were completed across the residential market in Q2, adding an extra 2,000 units to the residential supply.
Dubai Land Department announced that approximately 20,000 investors had spent Dh53 billion in Dubai's real estate market in the first half of 2015.