Articles
Dubai house prices are flatlining, says ReidIn
Dubai’s residential property market has shown signs that declining values may be coming to an end.
A loft going for Dh3.75m in Dubai
The Dh3.75 million loft apartment in Business Bay offering views out to Burj Al Arab and The World islands has recently been reduced in price.
Meydan raises Dh1 billionn to get projects moving ahead of Expo 2020
Meydan says the funds, raised through Islamic finance, will be used on projects in Mohammed Bin Rashid City and the Dubai Canal.
Nakheel plans ‘huge’ increase in contracts awarded for next year
The developer wants to tap debt markets to finance its projects.
Year in review: Contractors felt the pinch as Saudi Arabia prioritised spending
Builders' payments were halted on all but a handful of projects, causing layoffs and salary delays.
Saudi Arabia needs to move ahead with project management offices to unclog pipeline
Projects in the kingdom cannot move forward until the project management office, which was decreed in September 2015, is in place.
Dubai needs ‘metals zone’ for its industries
Faizal Kottikollon has said that while initiatives being pursued to diversify the UAE’s aluminium sector are welcome, there should be a focus on providing the space and environment for small-scale fabricators to thrive.
Infrastructure work paves way for Dh3bn Mirdif Hills project
The first phase of the project, containing 1,050 units, is being built by the contractor ECC and will be completed by the end of 2018.
RAK moves education zone plans to head of the class
Talks are already under way to develop an education-focused free zone in the emirate, with four new schools and three higher education providers in the discussions.
RAK firms can have disputes heard in English at DIFC courts
A memorandum of understanding allows for judgements issued by the DIFC Courts to be directly enforced by Ras Al Khaimah’s courts.
Hotel brands head to RAK’s ‘outperforming’ tourism market
New Hilton Garden Inn to target mid-market customers while Mövenpick Hotels signs deal to manage 550-key Al Marjan Island resort.
Rixos planning 13 new hotels by 2020
Erkan Yildirim, the senior vice-president of operations for Rixos Hotels, said it had decided to open a second property in Dubai because it 'is the most popular tourism destination in the Middle East'.
The Dh146m Emirates Hills family home for the elite
Despite declining values at the top-end of the property market, this Emirates Hills villa is on the market for Dh146 million and comes with the ultimate basement.
Drake & Scull appoints PwC to review financial liabilities
Company expects to announce the results of an external review of its financial position to be announced in the New Year.
Adnoc awards design deal for Al Hosn gas extension to Amec Foster Wheeler
Decision will be taken on plans to boost the plant's capacity by 50 per cent once detailed design work completes late next year.
