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Luxury Dubai property rents fall for first time since 2011
Prime property rents inched down by 0.6% in the first quarter of the year, according to Knight Frank. Rents for luxury Dubai...
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Reem Mall concept plan approved by Abu Dhabi’s UPC
Approval of concept plans will allow for construction to begin on $1bn project. Construction of the $1 billion Reem Mall project in...
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Balfour Beatty, Kier ‘suffer major cost overruns’ over $8.4bn Hong Kong rail project
Rail link to mainland China to be delivered three years late, according to report. Balfour Beatty and Kier are suffering major cost...
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DIFC begins construction of 11th Gate District office building
Construction of building at the Dubai financial centre to cost $55.8 million and is set to complete in 2017. The Dubai International...
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Emaar boss Mohamed Alabbar to set up real estate institute
Alabbar to set up region’s first non-profit institute providing training in all aspects of property development and management. Emaar Properties founder Mohamed...
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Dubai’s Drake & Scull increases GCC share-ownership limit
Emiratis currently hold 51.02% of the Dubai Financial Market-listed firm, while Gulf nationals own 5.85%. Drake & Scull has increased the limit for...
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Germany’s Hochtief in $1.5bn deal for Riyadh airport expansion
International joint venture consists of Hochtief, Shapoorji Pallonji MidEast and Nahdat Al Emaar. A multinational joint venture led by Germany’s Hochtief has...
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Dubai plans world’s first 3D-printed office
The 2,000 sq. ft. structure is set to be printed layer-by-layer using a 20-foot 3D printer. Dubai has unveiled plans to build...
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Van Oord wins $150m contract for Nakheel’s Deira Islands project in Dubai
Dutch dredging firm to construct beaches, quays, rock edges and breakwaters. The Dubai real-estate firm Nakheel has awarded a $150 million contract...
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Gulf infrastructure projects moving despite oil slump, says Atkins exec
Simon Moon, CEO of Atkins Middle East, says states like Saudi Arabia are committed to vital infrastructure and transport projects. Gulf infrastructure...
