Cityscape: Dukes Oceana units on Palm Jumeirah, Dubai 50% sold

Developer Seven Tides offers 10% return-on-investment guarantee for Dukes Oceana Dubai Residences. Half the units at Dukes Oceana Dubai Residences, a development...

Cityscape Abu Dhabi: 12% rent hike brings inflation concerns

Cost of living in Abu Dhabi rose by 4.3% in the first quarter, and is set to grow further due to higher...

Qatar floats cruise-ship plan to add 6,000 hotel rooms for World Cup

Qatar Tourism Authority reportedly revives idea for ‘floating hotels’ to house players and football fans during FIFA competition. The Qatar Tourism Authority...

Qatar, US-listed firm complete purchase of London’s Canary Wharf

Chief executive of Qatar Investment Authority says new homes, offices and retail space planned in the financial district. Qatar’s sovereign wealth fund...

Dubai property rents expected to drop as 25,000 units complete

Downward pressure expected later in 2015 as new units enter market, says Bayut.com report. Dubai residential rents are expected to fall later...

Cityscape: Abu Dhabi market strong despite oil plunge, says Cluttons

New projects to be unveiled this week at Cityscape Abu Dhabi . Abu Dhabi’s drive for economic diversification is helping strengthen its...

Emaar shares climb in Dubai on cash dividend, Alabbar re-election

Dubai-listed firm’s AGM approves cash dividend in excess of $292m for distribution to shareholders. Shares in Emaar Properties on Thursday climbed by almost...

Construction sector is UAE’s biggest employer with 1.5m staff

Sector tops list of major employers, as total UAE workforce increases by 10% in 2014. The construction sector is the biggest employer...

Dutco Balfour Beatty wins $408m Dubai Creek project

Meraas appoints contractor to build waterfront hotels, markets, restaurants and retail outlets. Dutco Balfour Beatty says it has been awarded $408.3 million main construction...

Drake & Scull wins $91m contract for hotel on Dubai’s Palm Jumeirah

Engineering subsidiary of Drake & Scull International to undertake MEP works for mixed-use development. Drake & Scull Engineering (DSE) has been awarded a...