Site visit: Alef Residences, Dubai

Dubai has always been a city enamoured with the concept of exclusive luxury. Having styled itself as one of the most high-end...

Property

Dubai’s Nakheel says 2015 profit rose 19%

The Dubai-based developer Nakheel has announced a 19% increase in its net profit for the 2015 financial year. The developer of the...

Construction

Nakheel awards $381m Dubai Palm Gateway contract

The developer Nakheel has awarded a construction contract worth $381 million for The Palm Gateway project on its manmade island in Dubai.Ssangyong...

Property

Dubai’s Nakheel delivers 251-room hotel at Dragon Mart

Dubai developer Nakheel has delivered a 251-room hotel at Dragon Mart, the first of 10 to be built under its hospitality and...

Property

Villa sales on Dubai’s Palm Jumeirah top $255m

Villa sales on the Palm Jumeirah in Dubai raised AED 938 million ($255m) between January and October this year, according to data...

Construction

Dubai’s Nakheel awards $223m Palm Tower contract to two Abu Dhabi builders

Dubai’s Nakheel Properties has awarded two Abu Dhabi-based builders a AED819 million ($223m) contract to construct The Palm Tower, the company announced.The contract will...

Construction

Palm Jumeirah mall is 30% complete, says Dubai’s Nakheel

Construction of the $220 million The Pointe mall on Palm Jumeirah in Dubai is around 30% complete, according to the developer Nakheel.The...

Property

Dubai developer Nakheel’s profits double in Q1 2015

Dubai’s Nakheel has reported a net profit of AED1.35 billion ($367.5 million) for the first quarter of 2015, up by 115% from...

Construction

Drake & Scull wins $91m contract for hotel on Dubai’s Palm Jumeirah

Drake & Scull Engineering (DSE) has been awarded a contract worth AED334 million ($90.9 million) for a mixed-use hotel and residential development to be...