Danube launches ‘affordable’ Glamz Residence in Dubai

UAE-based developer Danube Properties has launched its sixth “affordable” housing project in Dubai, the company announced. The Glamz Residence development, which is...

Construction

Dubai plans 3D printing centre for 700 companies

Dubai plans to host up to 700 companies in a new centre dedicated to 3D printing, as part of its aim to...

Infrastructure

Dubai’s RTA approves contract for $28.5m Jafza Bridge

Dubai’s Roads and Transport Authority (RTA), in collaboration with Jebel Ali Free Zone, has announced the award of an AED 105 million...

Construction

Qatar investigating worker death at World Cup site

Authorities in Qatar have launched an investigation into the death of a steel worker at a 2022 World Cup construction site. Jaleshwar Prasad,...

Property

Emaar net profit jumps 17% in first quarter

Dubai-based developer Emaar Properties has announced a 17% rise in first-quarter net profits, which stood at AED 1.2 billion ($328 million) this...

Property

Dubai rental yields ‘near 10% in cheaper areas’

Rental yields in cheaper areas of Dubai stand at almost 10%, as affordable housing “continues to dominate demand” in the market, according to...

Construction

Saudi Binladin Group ‘cuts 50,000 jobs’

Construction giant Saudi Binladin Group has reportedly laid off 50,000 foreign workers, amid heavy government spending cuts and a row over alleged...

Property

Riyadh property prices stabilise in Q1 – JLL

Property prices in Riyadh have stabilised for the first time since Saudi Arabia introduced new mortgage regulations in 2014, according to JLL.Sales prices...