Dubai’s Damac reports 15% slide in profit

Property developer reports $285.9 million profit in the first quarter of 2016. Damac Properties has reported a 15% slump in its first-quarter...

Dragon Mart plans building materials showroom in Doha

Facility to offer 13,000sqm of retail space for in-demand construction items. Dragon Mart in Qatar is planning to open a 13,000sqm showroom...

First Worker Welfare Report published in the UAE

Government report notes that ‘many non-national workers have faced in the past many malpractices by recruitment agents’. A government report on worker...

Saudi Arabia ‘lifts project bidding ban on Binladin group’

Decision influenced by troubled group’s capacity to undertake projects of strategic importance - report. Saudi Arabia has allowed the country’s building and...

Workers evacuated as fire engulfs factory in Ajman, UAE

Civil Defence teams fight to bring blaze under control. Workers were evacuated after a fire broke out at a fibreglass factory in...

Dubai to get landmark $817m sports stadium

60,000-capacity Mohammed bin Rashid Stadium to be built in Al Aweer area. A 60,000-capacity sports stadium is to be built in Dubai...

Dubai’s office market sees strong demand – CBRE

Supply of quality and well-located units lagging during first quarter of 2016, report finds. Dubai’s office market continues to see strong demand...

Meraas unveils The Outlet Village mall in Dubai

Discounted shopping destination set to open in third quarter. The Dubai-based real estate developer Meraas has announced details of its latest retail...

Danube launches ‘affordable’ Glamz Residence in Dubai

The $82 million development will offer 418 studio, one-bedroom and two-bedroom apartments. UAE-based developer Danube Properties has launched its sixth “affordable” housing...