Saudi’s Kingdom Tower: How world’s tallest building will benefit Jeddah

Mounib Hammoud of the Jeddah Economic Company discusses the impact of the 1km tower. From King Kong climbing the Empire State Building...

Sale and leaseback transactions rising in Gulf, JLL finds

Transactions gaining popularity as they enable companies to free up cash locked in property assets, consultancy says. The number of real-estate sale...

Unilever said to begin work on $272m plant in Dubai Industrial City

The new plant, Unilever’s second in Dubai, is slated to open in mid-2016. Global FMCG giant Unilever has begun construction of a...

Shares in Dubai’s Amlak soar on Emaar partnership talks

The Dubai-listed mortgage provider says it is in talks with Emaar to develop land in ‘distinctive locations’, according to media report. Shares...

Chinese firm scoops $67m roads contract for Dubai theme parks

China State Construction to link Dubai Parks and Resorts project with Sheikh Zayed and Sheikh Mohammed bin Zayed roads. China State Construction...

Dubai property prices to drop by up to 20%, S&P forecasts

Real-estate correction to continue, Standard & Poor’s says, with emirate’s property market already ranking as one of world’s worst-performing. Dubai property prices...

UAE construction sector grows 6.1% in 2014, producing $80bn

Sheikh Mohammed: Overall economy grew by 4.6% last year, with nominal GDP hitting $400 billion. The UAE’s construction sector saw 6.1% growth...

Gulf PPP market on the upswing

Michael Conner of Faithful+Gould on how public-private partnerships can help close the infrastructure gap. The Gulf Cooperation Council (GCC) region’s sizeable infrastructure-investment...

New Abu Dhabi rent index ‘likely to cool growth in prices’

Provisional rental index could lead to lower price increases in the future, according to JLL analyst. The Abu Dhabi government’s expected introduction...