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Arabtec wins $462m UAE housing contract
Contractor to build 1,100 villas for UAE nationals in Fujairah. The Dubai-listed Arabtec has won a AED 1.7 billion ($462m) contract to...
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Dubai Properties starts construction of 1/JBR tower
Project scheduled for completion and handover in early 2019. Dubai Properties (DP), the real estate developer and property manager, has announced the...
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AESG launches environmental consultancy division in Middle East
Initially driven by business in UAE, Saudi Arabia and Qatar. Energy and sustainability consultancy AESG has announced the establishment of a new...
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Qatar residential rental market up 7% in 2015 – CBRE
Rental growth during the second half of 2015 was at 5%. Real estate adviser CBRE has reported a 7% year-on-year rise in...
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Abu Dhabi’s Aldar announces new formula to calculate dividends
Dividend to be based on underlying cash flow performance. Abu Dhabi’s Aldar Properties has announced the introduction of a new formula to...
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Gulf construction pay increases slow to 6.1%
Sector still saw second-highest rises in 2015, says Gulf Talent. Construction salary increases in the GCC region slowed to an average of...
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Saudi Arabia’s 1km Jeddah Tower 20% complete
Tower to overtake Dubai’s Burj Khalifa as world’s tallest building. Jeddah Tower in Saudi Arabia, which is set to the world’s tallest...
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Qatar grade A office rents stable – CBRE
West Bay area expected to remain at epicenter of office market . Prime rentals for grade A office space in Qatar remained...
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Aldar becomes Abu Dhabi’s first licensed master developer
Department of Municipal Affairs urges other developers to follow suit. Aldar Properties has received a master developer license from the Abu Dhabi...
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Sharjah cuts contractor payment times
Online system will see government contractors paid more quickly. Contractors working for the Sharjah government will be paid more quickly under a new...
