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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...
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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...
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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...
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Dubai Water Canal project 61% complete
Banks of canal will feature property and urban development projects. Work on the Dubai Water Canal project is well on track, and...
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Wasl Properties launches project in Karama, Dubai
Wasl Duet is part of aim to regenerate established districts. The UAE-based developer Wasl Properties has announced the launch of the first...
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India to work with Norway to reduce construction waste
Nearly 50% of waste materials in India not being recycled. India will work with Norway to train workers in the handling of...
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Dubai’s Al Habtoor reveals plans for Egypt megaproject
Developer has submitted proposal for ambitious project in Cairo. The Dubai-based businessman Khalaf Al Habtoor has revealed plans for a megaproject in...
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Saudi Aramco inks second deal to build homes for employees
State-owned oil company has signed a contract to build 791 homes. Saudi Aramco, the kingdom’s state-owned oil company, has signed a second...
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Abu Dhabi Ports sets annual cargo record in 2015
Khalifa Port terminal handled 32% more containers. Abu Dhabi Ports set a new annual cargo-volume record in 2015, surpassing the previous record...
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Arcadis: Dubai, Doha relatively low-cost for construction
Access to low-cost labour and energy. Doha and Dubai are relatively cheap places to build compared to other global cities, according to...
