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Emirates REIT in $56.7m deal to build school at Akoya in Dubai
The 20,800sqm facility at new Damac development will include a foundation, primary and secondary school. Emirates REIT, a real-estate investment trust, says it...
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Dubai set to break new records with world’s tallest residential tower
Planned 711m-tall tower to be part of Meydan One development, which will also include world’s longest indoor ski slope. Dubai is looking...
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Strong dollar ‘hits Dubai luxury property market’
Dip in interest from investors in the Eurozone and Russia sees 4.5% drop in prime residential prices, Knight Frank says. The strong US...
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JLL: Riyadh property prices decline, rents pick up in Q2
New mortgage regulations in Saudi Arabia continue to negatively impact the sales market, consultancy says. Riyadh apartment prices fell by 1% and villa...
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Two Emaar Misr execs resign after disappointing Egypt IPO
Walid El-Hindi and Ahmed Fathallah have left the Dubai property firm’s Egyptian subsidiary. Two senior executives at Egypt’s Emaar Misr have resigned,...
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Site visit: The Onyx, Dubai
Mixed-use development is set to be jewel in the crown for Saudi developer Ishraqah. Dubai’s Sheikh Zayed Road has long been home...
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The case for building a UAE construction law
Why the industry needs to be governed by specific legislation. The revelation that construction disputes in the Middle East saw an 88% rise...
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Habib Al Mulla on why UAE construction law needs an overhaul
An in-depth chat with one of the Middle East’s foremost legal experts. In 2014, disputes relating to major Middle East construction projects...
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Dubai’s Emaar Properties reports 16% rise in profits
Boost comes on back of higher international sales, growth of malls and hospitality business. The Dubai-listed developer Emaar Properties reported a net profit...
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Bahrain’s $650m Villamar project back on track after major delays
The mixed-use development was initially scheduled to complete in 2010. Gulf Holding Company (GHC), the developers of the long-delayed $650 million Villamar...
