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...

Property

Dubai property prices to fall further – Cluttons

Property prices in Dubai are set to decline further in 2016, after a 2.2% drop in residential values in the first quarter,...

Construction

Damac Towers by Paramount tops out in Dubai

Damac Properties says a four-tower development it is building in Dubai in collaboration with Paramount Hotels & Resorts has topped out.Facade work...

Construction

Dubai’s $1bn IMG theme park set to open in August

The delayed IMG Worlds of Adventure theme park is set to open its doors to visitors this summer, according to the developer of...

Construction

Qatar World Cup: FIFA plans worker welfare panel

FIFA plans to set up a panel to “ensure decent working conditions” at all World Cup stadium projects, amid ongoing allegations of...

Property

Waldorf Astoria to open in Dubai’s DIFC next year

Hilton Worldwide has inked a management agreement with Dubai-based Ward Holdings to open a Waldorf Astoria hotel in the Dubai International Financial...