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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...
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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...
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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...
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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...
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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...
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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...
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George Berbari airs strong views on HVAC
DC Pro boss wants to change perceptions of district energy and green MEP. It only takes a few minutes of conversation with...
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Dubai property prices drop, rents flat in Q1, says JLL
Residential rents remain ‘relatively flat’ while sale prices see ‘marginal decline’, consultancy says. Dubai saw subdued real-estate activity in the first quarter of 2015,...
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Construction workers torch building site, 17 cars in UAE strike
Protest in Ras Al Khaimah apparently sparked by death of worker after fall from fifth floor of under-construction building. Construction workers in...
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Saudi Binladin bags Nshama Town Square contract in Dubai
Saudi-based contractor to carry out deep services contract for ‘affordable’ residential project. Saudi Arabia’s Binladin Contracting Group has won an early works...
