Dubai developer Nakheel’s profits double in Q1 2015

Developer behind the Palm Jumeirah manmade island reports net profit of $367.5m for first quarter. Dubai’s Nakheel has reported a net profit...

Qatar’s Barwa posts $879m net profit for Q1 2015

The real-estate developer sees massive jump on $72.8m profit reported in 2014. Barwa Real Estate, one of the largest listed developers on...

Structural works completed at The Onyx project in Dubai

Construction of mixed-use development on Sheikh Zayed Road to be finished by end of year, contractor ASGC says. Al Shafar General Contracting (ASGC),...

In Focus: Abu Dhabi property market

Retail and tourism are on a high, but oil prices and housing affordability remain key concerns. Playing host to major global events...

‘Strong demand’ for cheap Dubai homes as property prices drop

There is ‘pent-up demand’ for affordable homes in the emirate, says Asteco report. There is ‘strong demand’ for affordable homes in Dubai as...

Saudi Arabia building collapse kills at least seven workers

Another six construction workers were injured and two are still missing, civil defence authorities say. The collapse of a roof at a...

Meraas to develop Bulgari-branded homes in Dubai

Residential units on Jumeirah Bay Island to go on sale soon, Bulgari and Meraas executives say. The Dubai developer Meraas plans to build...

Alabbar’s Eagle Hills in deal with Serbia for $3bn Belgrade megaproject

The Abu Dhabi-based real estate firm plans to spend $3 billion on massive Belgrade Waterfront development. The Abu Dhabi-based Eagle Hills, which...

BIM use still lacking in Gulf, consultants say

Employment of building information modelling on projects is still ‘wishy-washy’ despite the advantages, according to experts. Building information modelling (BIM) is not being...