Articles
Abu Dhabi rents up 6 per cent in the second quarter
'We’ve seen a spike in this quarter, mainly because of a lack of supply,' said Asteco’s Jerry Oates.
Building boom behind growth in Qatar economy
A report by Qatar National Bank stated that the economy experienced year-on-year growth of 4.1 per cent to the end of March.
Back to the future for Dh33m London penthouse
A three bedroom duplex penthouse at 10 Soho with a concierge service provided by Quintessentially - is on the market for £5,950,000.
Mecca Metro needs 3,500 workers for phase one of project
Company will use staff from Madrid headquarters and Abu Dhabi base to help deliver the new metro.
WCT overcomes final hurdle in Dh1bn legal claim against Meydan
Long-running dispute relating to construction of Nad Al Sheba racecourse is settled in favour of contractor.
Qatar football stadium contract worth Dh3.1bn won by Salini Impregilo
The stadium will be built with a demountable top tier, with seating shipped to developing nations once tournament is over.
Abu Dhabi rent index will relieve pressure on housing costs, say experts
Proposals for an index for the capital that would help to set guide prices for various areas will, it is hoped, help residents faced with spiralling housing costs.
Arabtec sheds senior positions as part of cost cutting
Group’s chief financial officer Iyed Abdul Rahim, Group HR and administrative officer Yazan Hatamleh and its group general counsel Wassel Al Fakhoury are all set to leave the business.
Bechtel consortium starts tunnelling on Line 1 of Riyadh Metro
The first tunnel-boring machine, Mneefah – named after the horse of Saudi Arabia’s founder king, Ibn Saud – will be one of seven that will be employed to dig out and construct 35 kilometres of tunnels underneath Riyadh.
Commercial properties in Dubai’s Business Bay poised for decline after bullish years
Core Savills said that 'a surge in supply' in Business Bay was also likely to exacerbate the property decline.
Dubai residential property investors who want out advised to sell now
'If you wanted to sell and take a short-term gain, it’s certainly the right time to do it now – in the next two, three, four months.' says Core Savills’ chief executive, David Godchaux.
Spanish-led joint venture named preferred bidder for Mecca Metro
The consortium will build Lines B and C of the project. Line B will comprise 11.9 kilometres of tunnels and three stations. Line C will be 13km long and contain six stations – two of which will be major interchanges.
Azizi Developments to launch two new projects at Al Furjan in Dubai
Two new projects are set to complete by the end of 2016.
Dubai mid-market hotels gain ground as visitor profiles change
The revenue per available room at mid-market hotels increased by 0.5 per cent in the 12 months to the end of the first quarter, compared to a market-wide decline of 7 per cent.
Dubai property market ‘unlikely’ to experience drastic correction
Executives in London Business School survey disagreed that prices would plunge in the same manner as they did following the 2008 financial crisis.
