Articles
Dubai retail space rise may bring rents down to keep units full, says JLL
Major increase in supply of new mall space could lead to mall owners facing empty shops or declining rents
Nakheel makes a deal with Thailand’s Centara for Deira Islands beachfront resort
The deal with the Thai hotels operator will entail the 550-room resort hotel undertaking a soft opening in 2019.
Deyaar to complete land swap deal for Lagoons site
Developer had initially paid Dh372m for the Dubai creekside plot to National Bonds in 2008.
Non-payment of municipality fees risks disconnection of utilities, legal charges
The Department of Municipal Affairs and Transport stresses the importance of paying the 3 per cent fee on expat tenancy contracts to avoid disconnection of water and electricity services.
The Dh84m traditional London home with an oligarch’s upgrade
The 19th Century architectural test-bed has been upgraded to provide a true 21st Century living experience for the billionaire wanting a premium property in London.
Dubai solar: Your complete guide to installing panels on your home
Contractors favour economies of scale offered in commercial projects but say even domestic installations offer payback within eight years.
Homeowners off the hook for Abu Dhabi’s three per cent municipality fee
The levy is being applied across the whole of the emirate of Abu Dhabi, including Al Ain and the Western Region and is being introduced to help pay for municipal services such as street cleaning and landscaping, among others.
Dubai World Trade Centre awards construction contract to Al Futtaim Carillion
Al Futtaim Carillon has been awarded a contract to build a new phase of the Dubai World Trade Centre's One Central development – its third one for the project.
Dubai Harbour scheme wins plaudits for ‘joined-up thinking’
Dubai Harbour will be linked via a monorail to the new Bluewaters Island and to Palm Jumeirah. A footbridge will also link to the Palm’s west crescent.
Abu Dhabi introduces three per cent municipality charge on households
A 3 per cent municipality charge based on the value of rental contracts will soon be added to customers' electricity and water bills.
UAE online job postings down 35% but improvement expected
Banking, financial services and hospitality are the industries in which the number of new jobs listed are showing their steepest declines.
Dubai Harbour: Sheikh Mohammed unveils major new project with Middle East’s biggest marina
The 20-million-square foot Dubai Harbour project will be developed by Meraas Holding and will contain a 135 metre-high tower, Dubai Lighthouse, that will house a luxury hotel and an observation deck.
Qatari construction firm IHG to raise more than Dh500m through IPO
The Construction-focused family business expects to raise 503 million riyals by offering 60 per cent of its shares to investors.
Qatar Rail says operators for trains and stations will be chosen this year
The organisation is also set to begin a business development strategy to exploit the potential of land, retail and advertising space around Metro stations.
Affordable homes lift UAE economy, survey says
A poll of more than 500 executives found that 83 per cent agreed that 'better affordability in the UAE’s residential and commercial sectors will support businesses and the economy in both the short and long term'.
