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Property sales down in prime Dubai areas
‘Tough market conditions’ see transaction volumes drop by as much as 44% in pricier parts of the city – report. The number...
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Al Naboodah Construction CEO to step down
Outgoing chief executive Steve Lever to be replaced by current COO, Colin Timmons. The long-serving CEO of the Dubai-based Al Naboodah Construction...
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Emrill wins FM work at ‘The Beach’ in Dubai
UAE firm wins three-year contract to handle facilities management at Meraas development opposite JBR. The UAE-based service provider Emrill has won a...
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Regulator ‘jails two execs of Saudi contractor MMG’
Mohammed al-Mojil Group executives were accused of breaching rules relating to accumulated losses, according to Reuters. Two executives at the Saudi contracting...
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UAE’s Al-Futtaim Engineering wins elevator contract
Al-Futtaim’s elevator division has previously supplied elevators for projects like Jumeirah Lakes Towers and the Address Dubai Mall hotel. The UAE-based Al-Futtaim...
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Saudi land tax to spur development – JLL
Tax likely to see project plans brought forward and prompt a drop in urban land values. An upcoming tax on vacant land...
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Nakheel awards $1m contract for Deira Islands sewage work
Austria-based ILF Consulting Engineers wins design and construction supervision work for treatment plant. Nakheel has awarded a contract worth AED 4million ($1m)...
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Saudi cabinet approves tax on vacant land
Move will make it more expensive to keep urban plots undeveloped, in bid to address housing shortage. Saudi Arabia’s cabinet has approved...
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UAE midday break ‘to be enforced by 18 teams’
60,000 inspections to monitor for violations of summer ban on work during hottest hours of day. A total of 18 teams will...
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Qatar buys Singapore office tower for $2.45bn
The 1.25 million sq ft Asia Square Tower 1 has the largest floor plate in the Marina Bay area. Singapore’s Asia Square...
