India’s Punj Lloyd wins $45m contract in Dubai

Contractor to build 168 villas for Damac’s Akoya Oxygen project . Punj Lloyd, India’s second largest engineering and construction company, has announced...

Corporate demand driving growth for Cairo hotels – Colliers

The Suez Canal expansion last year created widespread demand. Cairo’s tourism and hospitality sector has been resilient over the last year, recording...

Bahrain’s Investcorp buys US office building for $180m

Real estate acquisitions over last year worth more than $1.5bn. The Bahrain-based Investcorp has announced that its US real estate arm has...

Dubai property price decline ‘to continue in 2017’

Up to 10,000 units expected to be delivered this year, says Core Savills. Dubai residential property rents and sale prices are forecast...

Infrastructure works worth $1.9bn approved in UAE

Green light for projects in Ras al-Khaimah and Fujairah. Infrastructure projects worth AED7 billion ($1.9bn) have been approved in the UAE by...

AccorHotels in deal with Mawarid for Dubai hotel

Ibis Styles Al Jaddaf is expected to open in 2018. Hotel operator AccorHotels has announced that it has signed a management agreement...

Abu Dhabi’s ADFG reveals plans for New Scotland Yard in London

Ten Broadway redevelopment project set for completion in 2021. The Abu Dhabi Financial Group (ADFG) has unveiled plans for the redevelopment of...

Arabtec shares up 14% as ex-CEO said to boost stake

Shares in Dubai-listed builder rally on news Hasan Ismaik is buying. Arabtec shares rose by more than 14% on Monday amid unconfirmed...

Damac sees ‘unprecedented demand’ for Aykon City project in Dubai

‘Significant number’ of units sold at $2bn Dubai Water Canal project. Damac reports “unprecedented demand” for the initial release of units at its Aykon...