Articles
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.
Reem Mall plans get green light from Abu Dhabi UPC
On-site work at the Reem Island development is on target to start this year.
Cayan starts work on Riyadh tower
Cayan and the Saudi financial services company Mefic Capital will house their headquarters in the building once the project completes.
Questions raised over Dubai property supply amid gloomy price forecast
Prices are expected by some to continue to fall in the second half of the year, but others say that the predicted 23,000 new units this year is an 'overstated' figure.
Dubai Sports City in talks over funding for Fifa-compliant football stadium site
The developer’s chief financial officer, Vijay Sajjanhar, said that he main outdoor stadium is 'something that is on the radar'.
Emaar chairman Mohamed Alabbar to set up property institute in Dubai
Centre will be entirely funded by Mr Alabbar, who says that he wants to put his own knowledge and experience of developing the UAE’s property market by mentoring a new generation of leaders for the industry.
Sobha Group becomes partner in Indian property venture
Fund to target India first, but has Middle East property and renewables in its sights.
Unec appointed to build first Town Square apartment blocks in Dubai
The developer of the 750 acre Town Square housing project in Dubailand has appointed a main contractor to build its first two apartment blocks.
Dubai property sales reach Dh24 billion in the first quarter
The most popular areas for unit sales were Business Bay, where 1,202 units were sold for a combined Dh1.84 billion, and Dubai Marina.
Sweett Group runs sour with £700,000 loss
The chief executive Douglas McCormick described trading in the region, where it has offices in Dubai, Abu Dhabi, Riyadh and Muscat, as 'difficult'.
UK’s Paragon to design leisure attractions for Majid Al Futtaim Group
The company has previously worked on projects in the Middle East including the Horse House museum in Dubai, Ski Dubai and on theming concepts at Atlantis on Palm Jumeirah.
Deira Islands to get 25.3km coastline in Nakheel contract with Dutch dredger Van Oord
Dredging expert to create two of the four islands, including south island containing the Deira Islands Night Souk.
Dubai phone app Fetchr delivered $11 million funding from Silicon Valley
The new Dubai-created app Fetchr offers more accurate courier deliveries by using the GPS co-ordinates of a customer's phone to track them down - potentially a boon for ecommerce companies in region.
Dubai Land Department denies increase in property registration fees
'This is a baseless rumour and only serves to encourage the return of speculation', said the DLD director general.
Dubai property has lifestyle appeal for world’s super-rich
Lifestyle opportunities, diversity and security are cited as qualities that attract ultra high net-worth individuals.
