Articles
Dubai’s Taqdeer assessment starts, but major contractors miss out on labour welfare initiative
Firms who gain the highest ranking will be given priority when bidding for government projects and be recognised at an awards ceremony.
Azizi planning five new buildings at Dubai Healthcare City
Chief executive Farhad Azizi said they are planning Dh3.7 billion worth of new schemes after handing over their first completed project last week.
Jumeirah Central executive ‘overwhelmed’ by interest
Morgan Parker, the chief operating officer of the Jumeirah Central project, said it has held 'hundreds' of meetings with potential investors from Dubai, the GCC and from international markets.
Builders to benefit from Jumeirah Central project
'There are literally hundreds of companies that are going to participate and benefit from the vision of this project,' Jumeirah Park chief operating officer Morgan Parker said.
Subsidy cuts and VAT will aid development, UAE business figures say
Research conducted exclusively for The National by Borderless Access found that 69 per cent of respondents in the UAE and 66 per cent of Saudis felt that subsidy cuts and the introduction of VAT would help regional development.
Sheikh Mohammed launches Jumeirah Central project in Dubai
The Jumeirah Central project will contain 47 million square feet of gross floor area along Sheikh Zayed Road, which Dubai Holding has said will 'introduce new international standards in city planning'.
Dubai house prices move into positive territory for first time in two years
Head of Dubai-based consultancy Core said that investors who were waiting for market to bottom out are beginning to buy again.
Dubai’s Dh25 billion Mall of the World development on the move again
Dubai Holding said that the decision to move the site was taken so that it can be based in an area where its 'positive tourism contribution can be fully realised'.
Dubai property market ‘in the minds’ of Gulf’s high net worth investors
Murray Strang, the head of Cluttons’ office in Dubai, said after about two years of price softening, 'people now see really good value for money in Dubai'.
Depa chief executive says Dubai fit-out contractor’s restructuring aimed for clearer strategy
Hamish Tyrwhitt, who was appointed as CEO in April, has overseen the creation of six separate operating companies overseen by a new 'strategic management company' that will set goals and identify new markets.
Desire for signature buildings in UAE causing energy leaks, say experts
Problems with leaky buildings and poor energy use in the UAE are partly caused by climate and a desire for signature buildings, but performance is gradually improving as building codes become more rigorous, experts say.
Damac chairman says 2016 profit in line with last year
Hussain Sajwani, the chairman of the Dubai developer Damac, said that the company had achieved about Dh7.88 billion of sales to date at its 55-million-square foot masterplanned community Akoya Oxygen.
Wasl’s Port Views project in Bur Dubai to contain almost 1,500 apartments, three hotels
Construction work is already under way on the site and the project will be handed over in phases, but is expected to be fully developed by 2020.
Money & Me: Dubai cladding firm boss recognises the value of bricks and mortar
Investment in Dubai real estate has offered greater returns than property or stocks in India, or bank deposit products for Dubai chief executive Sailesh Iyer.
Six Flags to create ‘record-breaking’ attractions at Dubai theme park
Reports that the park will have the biggest roller coaster in the world when it opens in 2019.
