Dubai’s Arabtec gains approval for recapitalisation

Chairman of construction firm said move ‘will provide the foundation for building a successful and sustainable future’. The Dubai builder Arabtec says...

Musanada floats tender for 250 Abu Dhabi villas

Closing date for tender is March 5, 2017. Abu Dhabi General Services (Musanada), a government-owned company, has floated a tender for the...

Balfour Beatty to exit Mideast joint ventures

UK contractor agrees $13.7m cash deal to sell entire share in Dutco Balfour Beatty and BK Gulf. Balfour Beatty, the international infrastructure...

GCC investors ‘continue to buy Dubai real estate’

Saudis and Qataris led investment in city’s real estate market from within the GCC in 2016 – report. A developer has said...

Saint-Gobain to build energy efficient house in Abu Dhabi

Masdar City-based ‘multi–comfort house’ project set to be ready by 2019. Saint-Gobain has announced that it will construct an energy-efficient “multi–comfort house”...

Nakheel receives construction proposals for Deira Mall

Project will form the centrepiece of the Deira Boulevards project in Dubai. Construction proposals have been received for Deira Mall, the new...

Dubai affordable housing ‘hits rents in Northern Emirates’

Average apartment rents in Sharjah, Ajman and RAK drop by 3%, 2% and 1% respectively – Asteco. The growth in affordable housing...

Doosan to display its equipment range at Conexpo 2017

Korean giant to show off its excavators, loaders and dumpers at two booths in Las Vegas event. Doosan Construction Equipment will display...

Wollongong uni in Dubai plans 20,000sqft extension

New building will provide students with ‘state-of-the-art facilities’. The University of Wollongong in Dubai (UOWD) has announced that it will expand its...

RAK Properties reports 9.4% profit growth in 2016

Works contract for InterContinental Ras Al Khaimah Mina Al Arab resort awarded. RAK Properties, Ras Al Khaimah's largest property developer listed on...