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Mövenpick set to open fourth hotel in Jeddah by 2019
Hospitality firm reveals plans to open 300-room Mövenpick Hotel Heraa Jeddah, its fourth property in the Saudi city . Mövenpick Hotels &...
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Qatar World Cup bid inspector gets seven-year FIFA ban
Harold Mayne-Nicholls, former chairman of the Bid Evaluation Group for the 2018 and 2022 FIFA World Cups, is barred from taking part...
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No ‘drastic’ plunge seen in Dubai property prices, says poll
London Business School survey finds it unlikely that Dubai real-estate prices will see a major drop akin to that during the financial...
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Three execs resign from Dubai-listed Arabtec, acting CFO appointed
Reorganisation of UAE’s largest listed contractor continues with resignation of senior staff including chief financial officer. Three senior executives at Arabtec have resigned...
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Mid-market Dubai hotels outperform luxury segment
Cheaper hotels proved more resilient in the first quarter, recording a slight increase in average revenue per room, says Knight Frank report....
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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...
