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Dubai’s $1bn IMG theme park set to open in August
1.5 million sq ft indoor attraction originally scheduled to open in 2014. The delayed IMG Worlds of Adventure theme park is set to...
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Bloom Properties says 90% of Faya project in Abu Dhabi sold
Over 100 units sold in one week. Developer Bloom Properties says 90% of its Faya residential project in Abu Dhabi has sold...
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Danube awards $50m construction contract for Glitz Residence 3 in Dubai
Naresco appointed main contractor on 352-unit development. Developer Danube has awarded an AED185 million ($50.4m) contract to Naresco Contracting for the Glitz...
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Qatar World Cup: FIFA plans worker welfare panel
Oversight body ‘to ensure decent working conditions’. FIFA plans to set up a panel to “ensure decent working conditions” at all World...
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Waldorf Astoria to open in Dubai’s DIFC next year
Hotel will feature 247 guest rooms. Hilton Worldwide has inked a management agreement with Dubai-based Ward Holdings to open a Waldorf Astoria...
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Ellington Properties says 14 Dubai projects in pipeline
‘Boutique’ developer to add over 2,200 residential units to market. Ellington Properties, which is co-run by former Emaar executive Robert Booth, says...
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Dubai’s Emaar Malls to pay $354m dividend
Change in name also approved at retail giant’s first AGM. Emaar Malls has announced that a proposal by the board to distribute...
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Switzerland becomes first nation to confirm Dubai Expo 2020 participation
The country will have an AED57m pavilion at the event. Switzerland has officially confirmed its participation in Expo 2020, revealing plans to...
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Dubai property prices down by 10% in Q1 – JLL
Rents also 5% lower in the first three months of 2016. Dubai residential property prices fell by 10% year-on-year in the first quarter...
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Warner Bros World Abu Dhabi set to open in 2018
Miral is developing the $1bn theme park on Yas Island. The Abu Dhabi developer Miral has announced plans to open a $1 billion...
