Articles
Emaar JV gets approval for Dh5bn project in Ho Chi Minh City
Joint venture with Vietnamese developer Bitexco Group will transform 427 hectare site into a resort-led, masterplanned community.
Construction consultancy Sweett Group to pull out of the Middle East
Consultancy employs 90 people in the region at four offices in Dubai, Abu Dhabi, Muscat and Riyadh.
Gulf expatriates most likely to be able to afford property, HSBC study says
HSBC’s annual Expat Explorer Survey found that Gulf countries offered the greatest financial incentives and a less complex environment in which to manage their wealth, giving them a greater ability to buy property.
Dubai’s Depa to cut jobs as it seeks to trim costs
Umar Saleem, the chief financial officer said was too early to say how many jobs would be affected, but said the restructuring would complete 'by the end of this year or early next year'.
Damac Properties sweetens deals for buyers from China with a free flight to Dubai
The company and its Shenzhen-based partner Qfang – with which it signed a deal this month – has offered Chinese investors between now and the end of January the chance to visit the city with a free flight ticket, hotel stay and visa.
Indian budget carrier SpiceJet to buy 150 more planes as it plans to double flights to Dubai
SpiceJet is also set to launch a new tour operator business offering packages to Dubai, as well as services such as visa processing and SIM card sales.
UAE contractors expect tougher market and margin squeeze in 2016
Overall, contracting is going through a very tough time, primarily because of a liquidity crisis, said Nishit Lakhotia from Securities and Investment.
Investor sees value in Dubai fit-out contractor Depa’s future
Depa announced that Dubai-based Union Insurance had increased its holding in the business by buying 28,934,000 shares at $0.45 per share, increasing its stake to 11.41 per cent from 6.71 per cent.
Aster chairman wants more homegrown talent to reduce reliance on expat health staff
The rampant growth of the healthcare sector in the UAE will demand more home-grown training said the Aster chairman Azad Moopen.
Amazing views of New York come with a Dh281m price tag
Orpic wraps up plastics plant contracts
New facility will allow Oman to produce in-demand polyethylene using feedstock from neighbouring refinery at Sohar Port
Decision on plans to transform New Scotland Yard due early next year
The site was bought by Northacre’s majority shareholder, Abu Dhabi Financial Group for £370 million in December 2014.
Price declines for Dubai property to continue through 2016
Cluttons survey states that major new supply stream will mean house price declines are set to continue throughout 2016.
Arabtec names Saeed Al Mehairbi as acting chief executive
Dubai-listed company's board accepts resignation of current acting chief executive Mohamed Al Fahim.
