Macro awarded Dubai Trade Centre District contract

Facilities management company lands deal covering first building at mixed-use development. Macro has been appointed by the Dubai World Trade Centre to...

Lack of liquidity ‘biggest threat to Dubai real estate’ in 2016

Recovery of market could be delayed further, says Phidar Advisory. A lack of liquidity for investors will be the biggest threat to...

Oman floats tender for mammoth fishery harbour project

Investment in the project and infrastructure estimated at $260m. Oman has floated tenders for the construction of its largest fishery harbour project...

Abu Dhabi’s $1bn Reem Mall gets final approvals

Urban Planning Council grants project detailed planning approval. The upcoming Reem Mall in Abu Dhabi has been granted detailed planning approval by...

China’s CSCEC wins contract for Indigo Zen development in Dubai

Contractor has started work on four show villas. Indigo Properties, the Dubai-based property developer, has announced that the China State Construction Engineering...

Abu Dhabi’s Bloom Holding begins enabling works on Park View, Saadiyat

Enabling works contract has been awarded to Gulf Foundation. Abu Dhabi-based developer Bloom Holding has begun enabling works on its Park View...

Dubai fire: Emaar denies claims no alarms sounded

Developer says it ‘adheres to all safety standards regarding fire systems’. Property giant Emaar has disputed claims by hotel guests that no...

Dubai real estate transactions hit $72bn in 2015

There were 63,719 deals last year, an 8% increase on 2014. The total value of real estate transactions conducted in Dubai last year...

Arabtec shares rise 6% on Aldar contract win

Contractor lands $544m deal to build 1,017 luxury villas on Yas Island. Shares in Arabtec on Monday rose by 6% on news...

Dubai’s DAFZA, Silicon Oasis launch labour welfare award

Initiative aims to safeguard worker rights at firms hosted in freezones. The Dubai Airport Freezone Authority (DAFZA) and Dubai Silicon Oasis Authority...