KFMC overshoots target budget

[caption id="attachment_11093" align="aligncenter" width="450"] The King Faisal Medical City is likely to overshoot its targeted budget of $1.1bn, officials say.[/caption] The first...

Construction

UAE escaped mortgage crisis

[caption id="attachment_10921" align="aligncenter" width="455"] The UAE was able to avoid a US-style mortgage crisis thanks to strong government financial support.[/caption] The UAE...

Construction

DAMAC sees positive signs for Dubai market

Dubai-based DAMAC Properties has said the emirate’s real estate market is on track to recovery and that banks need to provide both...

Construction

Lower productivity in Saudi contributes to fall in DSI revenues

Drake and Scull International, the UAE based construction group, reported on Wednesday that it had achieved total revenues of $381.1mn for the...

Construction

Aldar’s Q2 net profit soars to $113.8m

Abu Dhabi’s largest real estate developer by market capitalisation, Aldar Properties has posted a sharp increase in the second-quarter net profit, buoyed...