Dubai’s Drake & Scull increases GCC share-ownership limit

Drake & Scull has increased the limit for which GCC nationals can hold its shares to 100% from 49%, the Dubai-listed engineering and construction company has announced.The...

Construction

Dubai plans world’s first 3D-printed office

Dubai has unveiled plans to build the world’s first fully functional 3D-printed office, state news agency WAM reported.The office will be about...

US firm inks deal to supply PV modules to Dubai solar park

American solar firm First Solar has signed an agreement to supply photovoltaic modules to power the 200MW second phase of the Mohammed...

ALEC to target UAE’s growing solar and renewables market

ALEC, the Dubai-based contracting and construction firm, plans to target the UAE’s burgeoning solar and renewables market through its recently launched energy...

Property

Dubai property prices to drop by up to 20%, S&P forecasts

Dubai property prices are set to fall by a further 10% to 20% by early 2016 as the market correction continues, the...

Construction

Dubai’s Limitless awards $77.5m contract for Downtown Jebel Ali works

Limitless, the Dubai-based master developer, has awarded a $77.5 million contract to Arco General Contracting for infrastructure work at its flagship mixed-use...