Meraas names Core Savills sales agent for Bluewaters residences

Bluewaters to be home to the world’s largest observation wheel, the Ain Dubai. Meraas has appointed Core Savills as the exclusive agent...

Dubai’s Drake & Scull to ‘refocus on MEP’

CEO Wael Allan says contractor will look to exit underperforming market sectors. Drake & Scull International (DSI), the Dubai-based engineering and services...

Manazel Real Estate reports revenues of $204m in 2016

Net profit increased 5.6% in 2016 over corresponding 2015 figures. The Abu Dhabi-headquartered Manazel Real Estate recently announced its 2016 results in...

Phase two sales begin at Kempinski Residences in Dubai

First phase of luxury Downtown Dubai project sold out, say developers Gemstone Real Estate and Tamleek. Gemstone Real Estate Development and Tamleek...

Dubai’s Nakheel starts work on $230m Ibn Battuta projects

Plans include residential tower, retail expansion, cinema and car park complex at landmark mall. Developer Nakheel says it has started work on...

Abu Dhabi apartment rents ‘fell by 7% in 2016’

Further drops expected this year, says latest Asteco report. Abu Dhabi apartment rents dropped by 7% and villa prices were down by...

Majid Al Futtaim breaks ground on Oman community mall

Retail pioneer plans to boost its total investment in the sultanate to $1.82 billion by 2020. Majid Al Futtaim has said its...

UrbaCon CEO says GCC needs more medical facilities

Moataz Al Khayyat says increasing number of health facilities in Gulf will help regional economies. Moataz Al Khayyat, the CEO of Qatar-based...

Mapei platinum sponsor of fourth Arabian Tunnelling Conference

Company will showcase wide range of products for tunnelling, mining and underground construction. Supplied content Mapei, the worldwide leader in the manufacture...