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Damac unveils $2bn Aykon City at Dubai Canal
Construction of six-tower project due to commence before summer. Damac has unveiled details of a $2 billion development overlooking the Dubai Water...
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Damac pays $343m for Dubai Water Canal land plots
Plots add 4 million square feet to developer’s land bank. Developer Damac has paid AED 1.26 billion ($343 million) for plots of...
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Select Group’s Rahail Aslam: Making the most of Dubai’s property slowdown
Why a tough market can bring opportunities too . Good business leadership means you have to stay one step ahead of the...
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Saudi strike: 1,000 workers ‘protest over unpaid wages’
Construction workers at Jeddah company unpaid for six months – report. More than 1,000 employees of a construction company based in Jeddah,...
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RAK Ceramics reports 10.2% increase in annual profits
Gross margin from its core business rose to 29.3%. RAK Ceramics has reported a 10.2% increase in its annual profits, which rose to...
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Dubai’s Nakheel ‘seeks $1.4bn loan to fund projects’
Developer declined to comment on reported talks with banks. The Dubai-based developer Nakheel is looking to borrow AED 5 billion ($1.4bn) from...
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Abu Dhabi’s Aldar ‘monitoring property supply’
Developer watching how many units it releases after ‘slowdown’ in market. Aldar Properties is monitoring its supply of units to the market after...
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Project profile: ICD Brookfield Place at DIFC, Dubai
First major project approved in the financial district since 2008. The Dubai International Financial Centre (DIFC) district is home to some of...
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DSI posts $4m Q4 profit despite regional slowdown
Dubai-listed contractor posts overall 2015 loss of $255m. Drake and Scull (DSI), the Dubai-based contractor, has announced a substantial jump in its...
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Abu Dhabi prime office rents stable: Knight Frank
Offices between 100sqm and 500sqm in demand. Abu Dhabi prime and Grade A office rental rates remained steady in the second half...
