Dubai’s Emaar reports 31% rise in Q3 profit

Developer says international operations accounted for 18% of total revenue in first nine months of 2015. Dubai’s Emaar Properties has reported third-quarter...

Qatar opens ‘labour city’ for 100,000 workers

Gulf’s largest city for migrant workers has entertainment areas and a business district. Qatar has opened a 1.1 million sqm ‘city’ for...

Nakheel, Centara to build waterpark resort at Deira Islands, Dubai

Developer’s joint venture with the Thai hotel operator marks its latest move in the hospitality sector. The Dubai developer Nakheel is planning...

Crude awakening for the UAE property market

Real estate may be just starting to feel effects of the oil price slowdown. Plunging oil prices have been a matter of...

Dubai’s ‘global hub’ status fuels property market: Knight Frank

Prime home prices in Dubai saw 59% rise from 2009 to 2014. Dubai’s emergence as a “global hub” over the past few...

Qatar buys into Brookfield’s $8.6bn Manhattan West development

New York project spans five buildings and seven million square foot. Qatar Investment Authority (QIA) and Brookfield Property Partners have entered into...

Abu Dhabi rents up 5%, off-island demand surges – Nationwide

Saadiyat Island has some of the highest annual rents, at up to $68,000 for a three-bedroom unit. Abu Dhabi rents rose by...

ALEC chief exec Kez Taylor on why collaboration is key

Working together is key to a healthy GCC construction industry, says Taylor. Collaboration. For many a contractor in the GCC, that word...

AccorHotels, Manzil partner to bring 1,300 new hotel rooms to UAE

AccorHotels currently operates 76 hotels in the region. Hotel operator AccorHotels has signed four new management agreements with the Manzil Group for...