Dubai Torch fire-safety systems ‘worked as planned’

Fire-safety procedures functioned “as planned” during Saturday's blaze at The Torch building in Dubai, the developer said, amid claims by some residents that alarm systems did not...

Property

VIDEO: Massive fire engulfs Torch skyscraper in Dubai

A massive fire today broke out at the Torch building in Dubai, one of the tallest residential towers in the world.Debris could...

Property

Dubai ruler launches key developments, one to feature ‘snow fountain’

Dubai’s ruler on Wednesday gave his backing to four major property projects including one with a “year-round snow fountain”.Sheikh Mohammed bin Rashid Al...

Construction

Dubai contractor Drake & Scull posts 70% lower profit

The Dubai-listed contractor Drake & Scull has posted a 70% lower profit for the last quarter of 2014, weighed by a slowdown...

Dubai, Abu Dhabi ‘most sustainable’ cities in Middle East

Dubai and Abu Dhabi have been ranked the most sustainable cities in the Middle East, in a first-of-its-kind report by the design...

Property

Damac shares dive 10% on dividend news

Shares in Damac plunged by almost 10% on Monday morning, as the Dubai developer proposed a stock, rather than cash, dividend for...

Property

AZIZI plans more Dubai property projects this year

AZIZI Developments, which has invested roughly $1.23 billion into Dubai’s real estate sector, says it will launch more residential and hotel projects...