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Dubai’s Nakheel awards $223m Palm Tower contract to two Abu Dhabi builders
First 18 storeys of tower to be built on Palm Jumeirah island will house a five-star hotel . Dubai’s Nakheel Properties has...
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Dubai’s RTA awards $68m contract for theme park roads, bridges
Roads and Transport Authority awards contract in cooperation with Dubai Parks and Resorts parent company Meraas Holding. The Roads and Transport Authority (RTA)...
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SKAI looks to export patented Dubai building concept
Developer says design of Viceroy Dubai Jumeirah Village property could be replicated in cities like Shanghai, Singapore or New York. The Dubai-based...
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Dubai Holding expects annual profits to hit $1.5bn
Group that manages Dubai Properties and Jumeirah hotels reports 24% higher profit for first half of 2015. Dubai Holding, which manages various...
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Abu Dhabi’s TDIC said to hire former ADIA official as CEO
Master developer behind Louvre and Guggenheim museums reportedly hires Sufian Hasan al-Marzooqi as chief exec. The master-developer behind some of Abu Dhabi’s...
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Chestertons to market London’s $910m Wardian project in UAE
Property agent targets GCC investors looking to buy a home in London. International property agency Chestertons plans to market a $910 million...
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Beirut property sale values ‘plummet by 22.5%’
Overall Lebanon market sees double-digit declines in first eight months of 2015. The value of Beirut property sales plummeted by 22.5% in...
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Keeping your values in Gulf construction
Why building a legacy is important to one regional CEO. This month, I had the pleasure of speaking to Vasanth Kumar, the CEO...
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Drake & Scull wins $33.5m contract for Dubai beachfront project
Contractor to develop more than 72,000sqm of food and retail outlets at mixed-use development in Jumeirah. Drake & Scull Engineering (DSE) has...
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New UAE labour rules come into force on Jan. 1
Revised law to introduce standard labour contracts and make it easier to switch jobs. The UAE is to implement major changes to...
