Development begins on Dubai waterpark resort

Development begins on Dubai waterpark resort – Nakheel

Nakheel and Spain’s RIU Hotels and Resorts have announced the start of development of their AED900 million ($245m), 800-room joint venture waterpark...

Property

Abu Dhabi developer Aldar refinances $490m in bank loans

Aldar Properties, the Abu Dhabi-based developer, has announced the successful refinancing of $490 million in existing bank loans which were due to...

Infrastructure

Dubai’s DP World to study ‘hyperloop’ container transport

DP World says it is looking into the possibility of using high-speed hyperloop technology to transport containers from Dubai’s Jebel Ali Port...

Infrastructure

Petrofac, Tecnicas Reunidas tipped for Saudi Aramco deals

Two European companies are tipped to win contracts to build installations for state oil firm Saudi Aramco, it has been reported. British...

Property

Abu Dhabi property yields ‘stable at 5%’ despite flat market

Abu Dhabi property investors are seeing stable yields averaging at 5% despite the relatively flat market performance in the first half of...

Fleet

Tata Daewoo goes heavy with V3TXF truck following UAE trial

Tata Daewoo has officially launched its V3TXF heavy duty truck following the successful completion of a 12-month trial in the Northern Emirates....

Property

UK property inquiries from GCC ‘up 25% after Brexit’

Inquiries about purchasing British properties from investors in Qatar, Saudi Arabia and the UAE have seen a 25% increase in the wake...

Property

Dubai-listed Damac Properties reports 37% fall in Q2 profits

The Dubai-listed developer Damac Properties has reported a 37% slide in second-quarter profits compared to the same period last year. Damac saw...

Construction

Qatar’s PEO plans to open three expat hospitals by 2017

The state-owned Private Engineering Office (PEO), which overseas high-profile developments in Qatar, has said that it will deliver three new hospitals by...