Dubai real-estate sector sees ‘slight slowdown in hiring’

Smaller companies may be hit by the reduced activity in the market, says recruitment expert. Dubai’s real-estate sector has seen a slight...

High-end, high-rise properties in demand in Saudi Arabia, says report

There is a greater focus on modern luxury towers in cities like Jeddah and Riyadh, according to Colliers. There is increasing demand...

Indians ranked as top foreign investors in Dubai property in H1

Indian investors carried out $2.12bn worth of transactions in the first half of 2015, followed by British, Pakistanis and Canadians. Indian investors...

ALEC bags contract to build school at Akoya by Damac in Dubai

UAE-based contractor chosen to construct Jebel Ali School at the east end of Hessa Street. The UAE-based contractor ALEC, a subsidiary of...

Damac shares soar 15% on Dubai market as Q2 profits triple

The developer, which listed on the Dubai Financial Market in January, announced a 20% dividend in cash and shares. Shares in Damac...

Two new residential communities get green light in Dubai

Sheikh Mohammed approves plans for 8,000 plots, including 2,800 villas in Wadi Safa and Tai. Two new residential communities comprising a total...

Building collapse in Mumbai, India kills at least 11

The 50-year-old building had already been served a notice by the municipality declaring it dangerous. At least 11 people have been killed...

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...