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      Michael Fahy

      Michael Fahy

      Location

      Articles

      Arabtec gets go-ahead for capital reduction

      Shares to trade at new price after market’s Eid break.

      PropertyJune 22, 2017
      Emaar this month announced that it is planning to seek a separate listing for its UAE real estate development arm. Chris Ratcliffe / Bloomberg
      Emaar Properties appoints new CEO

      Amit Jain has worked at Emaar Properties for 11 years and already held the chief executive’s post for Emaar’s Dubai operations.

      PropertyJune 21, 2017
      Arabtec said that it had completed a Dh1.5 billion rights issue, which is the first step of its two-part recapitalisation programme. Steve Crisp / Reuters
      Arabtec and Drake & Scull make progress rebuilding balance sheets

      Arabtec says the Dh1.5 billion raised will help it to finish projects, execute its turnaround plan and target growth opportunities.

      PropertyJune 20, 2017
      Arabtec said that it had completed a Dh1.5 billion rights issue, which is the first step of its two-part recapitalisation programme. Steve Crisp / Reuters
      Contractors make progress rebuilding balance sheets

      Arabtec says the Dh1.5 billion raised will help it to finish projects, execute its turnaround plan and target growth opportunities.

      PropertyJune 20, 2017
      Work to start on major Sharjah research park in August

      Sharjah Research, Technology and Innovation Park to be delivered in 2019.

      PropertyJune 19, 2017
      Dodsal wins $1.1bn project from Algeria’s Sonatrach

      Dodsal says state firm’s plant will be completed by 2020.

      BusinessJune 19, 2017
      Tabarak Investments is proposing to invest a further Dh500 million through a capital restructuring. Rich-Joseph Facun / The National
      Drake & Scull confident on debt restructuring

      'It will take us two months to formulate a solid plan that [banks] are willing to accept and then we will go to the banks again, like a mini-local roadshow and then close the restructuring.'

      PropertyJune 18, 2017
      Qatar border closures have had ‘no impact’ on business, Drake & Scull chief says

      The company has about Dh500 million worth of projects under way in Qatar.

      PropertyJune 18, 2017
      The Colliers study also found that buyers and renters of properties were willing to pay a premium for branded communities built by certain developers. Above, villas at Emirates Hills in Dubai. Sarah Dea / The National
      Dubai dwellers pay more for access to schools and shops

      A Colliers report found communities with a mix of three or more different classes of income-generating properties attract higher rents than standard developments within other parts of the city.

      PropertyJune 17, 2017
      Above, a worker at construction site in Riyadh. Saudi Arabia has more than US$250 billion worth of projects in the pipeline August 4, 2016. Faisal Al Nasser / Reuters
      Saudi’s $250 billion construction market still offers greatest potential, says Meed

      Meed's new report says that after a year of uncertainty in 2016, Saudi Arabia will start to deliver on its promises in 2017.

      PropertyJune 17, 2017
      Emirates Hills is one of the prime villa communities in Dubai, Sotheby’s says. Sarah Dea / The National
      Dh31 million Emirates Hills villa in Dubai comes with an aquarium

      Bargain hunters alert: This luxury property has recently been reduced in price from Dh35.9 million to Dh31m.

      BusinessJune 15, 2017
      Private equity firms struggle to raise new funds in the Middle East, says report

      Firms in the UAE took 62 per cent of regional private equity investment in 2016.

      BusinessJune 15, 2017
      Walid Hanna said that venture capital had “taken off” as an asset class. Satish Kumar / The National
      MEVP raising new fund to grow asset base following Alabbar’s investment

      Walid Hanna says established firms want to invest more into the emerging asset class.

      BusinessJune 15, 2017
      The 1,490-room Jabal Omar Address Makkah will be Emaar Hospitality Group's first Address Hotels & Resorts site in Saudi Arabia. Asda'a Burson-Marsteller
      Emaar to open Address Hotels + Resorts site near Grand Mosque in Mecca

      The 1,490-room property will be Emaar Hospitality Group's first Address Hotels & Resorts site in Saudi Arabia.

      PropertyJune 14, 2017
      Qataris located in the UAE are selling property portfolios worth millions of dirhams at steep discounts as they rush to liquidate their assets and leave. Sarah Dea / The National
      Qatari investors rush to sell Dubai properties as deadline for them to leave looms

      Qataris located in the UAE are selling property portfolios worth millions of dirhams at steep discounts as they rush to liquidate their assets and leave.

      PropertyJune 14, 2017
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