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Development begins on Dubai waterpark resort – Nakheel
Waterpark will occupy 10% of the area of the $245m project on Deira Islands, with a construction tender expected by the end...
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Abu Dhabi developer Aldar refinances $490m in bank loans
Developer has also seen its corporate credit ratings upgraded by S&P. Aldar Properties, the Abu Dhabi-based developer, has announced the successful refinancing...
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Construction jobs: UAE bucks trend with 6% growth in listings
Sector saw more online job postings in July, despite decline in wider Gulf and Egypt – Monster.com. The UAE construction industry is...
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Abu Dhabi property yields ‘stable at 5%’ despite flat market
Chestertons report finds yields as high as 8.8%, while rental rates and sales prices register declines. Abu Dhabi property investors are seeing...
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Qatar rents ‘fall by 10-20%’ in prime areas
Summer lull and ‘expat exodus’ to blame for decline, while rents hold up in more affordable areas – report. A combination of...
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Dubai’s Drake & Scull swings to Q2 net loss
Contractor sees slowdown in key markets, but new project wins in rail and infrastructure, as well as in oil and gas sector....
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UK property inquiries from GCC ‘up 25% after Brexit’
DTZ reveals 24% fall in cost of buying real estate for overseas buyers thanks to currency moves and price drop – report....
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Dubai-listed Damac Properties reports 37% fall in Q2 profits
Second-quarter revenues also dropped by 24% to $462.8m. The Dubai-listed developer Damac Properties has reported a 37% slide in second-quarter profits compared...
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Qatar’s PEO plans to open three expat hospitals by 2017
Each of these new hospitals will be equipped with 120 beds and will be dedicated to treating single expatriate workers. The state-owned...
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Dubai’s Arabtec reduces losses by 74%
Builder reports lower second-quarter loss of $50 million after a raft of new project wins. The Dubai-listed builder Arabtec has reported a...
