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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...
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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...
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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...
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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...
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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...
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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...
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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...
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UAE construction safety experts call for more information sharing
Sharing of HSE data can help prevent onsite accidents, experts say. Health and safety experts have called for greater information sharing within...
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Deal reached over Saudi Binladin staff payments – report
As many as 2,000 staff allegedly had salaries delayed for up to four months. An agreement has been reached over alleged salary...
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Sandan Industrial Park launched in Oman
The $260m project is expected to complete by mid-2018. The Oman-based Sandan Development has announced the official launch of its 250,000 sqm...
