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Nakheel awards $381m Dubai Palm Gateway contract
Ssangyong, China State to build mixed-used high-rise project. The developer Nakheel has awarded a construction contract worth $381 million for The Palm...
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UAE’s Al Habtoor buys Hilton hotel in Wembley, London
Acquisition part of plan to ramp up international footprint. The UAE’s Al Habtoor Group has announced the purchase of the Hilton London...
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Dubai’s Nakheel delivers 251-room hotel at Dragon Mart
The Ibis Styles hotel is owned by Nakheel and managed by AccorHotels. Dubai developer Nakheel has delivered a 251-room hotel at Dragon...
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Next phase of MBR City District One launched in Dubai
More than 10,000 workers on site for villa, infrastructure works. Phase three of the large-scale Mohammed Bin Rashid Al Maktoum City –...
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Saudi, Indonesian construction firms in 10-year deal
Initial investments worth millions of dollars. Indonesian construction firm PT Wijaya Karya has signed a strategic partnership agreement which will pump millions...
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Aqua Properties invests $25m in Skycourt Tower, Dubai
Firm intends to put apartments up for re-sale to clients. Aqua Properties has announced a $24.77 million bulk purchase of apartments in...
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Shurooq, Emaar and Eagle Hills establish Sharjah real estate firm
Omran Properties to cover commercial, industrial and real estate. The Sharjah Investment and Development Authority (Shurooq) has signed with Dubai’s Emaar Properties...
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India names 20 locations in $7.5bn ‘smart city’ drive
The capital New Delhi is one to be given a makeover. India has named 20 urban locations that are to be given...
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Saudi house sales down 5%, rentals up
Residential property market is shifting, says JLL. Saudi Arabia saw 5% fewer property sale transactions in the year to November, as the...
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Tough times ahead: Gulf construction outlook for 2016
Low oil prices and challenging economic conditions to weigh heavily on the industry. Last year was a challenging one by all accounts,...
