Articles
Habtoor Leighton Group wins Dh263m Kizad contract
Contract will cover the creation of infrastructure for a 52 sq km site including a new road network, water and sewerage networks, electricity supply and a telecoms network installation.
Sharjah rents fall as residents start to move back to Dubai
The availability of more affordable housing in Dubai is reversing a recent trend for people to move to Sharjah and Ajman in search of cheaper rents.
Emaar in talks over separation from Indian partner, says report
Report says founder of MGF Development no longer wants to be involved in project.
New Aldar Properties accounting method allows off-plan sales to appear earlier in results
Revenue from off-plan sales was only recognised once a completed unit was delivered to a customer, who then provided payment in return for the title.
Louis Berger pays $17.1 million to settle corruption charges in the US
The practice of bribing public officials in return for work in South East Asia and the Middle East is said to have started in 1998 and lasted until 2010.
SME profile: SugarMoo a sweet spot of their own
Running a franchise makes little creative or financial sense for one-time hotelier Raki Phillips and his college friend. So they have set up SugarMoo, a successful desserts maker with an online delivery service.
RAK Properties’ profit slumps as sales slide
RAK Properties is currently working on the completion of the first phase of its Flamingo Villas and the Bermuda Villas complexes within the Mina Al Arab complex.
UAE now one of top 10 markets in the world for retailers
The UAE was the eighth-most popular global location among international retailers – the highest in the Middle East.
Arcapita buys 285 luxury apartments at Abu Dhabi’s Saadiyat Beach Residences complex
The complex is situated within a gated community and is currently leased to Saadiyat Island’s master developer, Tourism Development & Investment Company in Abu Dhabi.
Aldar Properties boosts property sales in the first half
The first phase of Aldar’s Meera residential development in Shams Abu Dhabi on Reem Island has been fully sold following its launch last month.
Carillion joint venture in Oman wins Dh456 million BP contract
The contract involves building accommodation for about 250 workers, alongside the operational base and other infrastructure buildings at the Khazzan gasfield.
Dubai rents in prime areas slide with residents’ ‘flight to affordability’
Residential sale prices also dropped by 2 per cent on the previous quarter, mirroring a similar decline in the first quarter.
Bahrain’s decline as regional financial centre ‘to affect property sector’
Country’s historical position as the regional centre for Islamic finance is being challenged by Dubai, report from BMI said.
Turkey builds big for the future
Ankara is pursuing huge construction projects, attracting interest at home and overseas. But the competition within the sector is fierce.
