Cityscape: Abu Dhabi market strong despite oil plunge, says Cluttons

Abu Dhabi’s drive for economic diversification is helping strengthen its property market despite low oil prices, Cluttons has said. The real estate...

Property

Saudi Arabia to build 25,500 more apartments in bid to ease shortage

Saudi Arabia has approved the construction of an additional 25,500 apartments as part of ongoing efforts to ease the Kingdom’s acute housing...

Construction

Dutco Balfour Beatty wins $408m Dubai Creek project

Dutco Balfour Beatty says it has been awarded $408.3 million main construction contract by Meraas, the Dubai-based holding company, for a mixed-use development on...

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...

Property

Abu Dhabi’s Aldar breaks ground on Ansam project on Yas Island

The Abu Dhabi developer Aldar says it has started construction on its Ansam development on Yas Island, home to the emirate’s Formula 1 circuit.Ansam...

Property

Nakheel unveils three-year plan for Dubai projects worth $3.8bn

The Dubai developer Nakheel has unveiled a three-year plan for new and ongoing projects worth $3.8 billion, in a briefing attended by Sheikh...

Property

Abu Dhabi gets 906 new apartments as Hydra towers complete

Three towers comprising 906 apartments on Abu Dhabi’s Reem Island have been completed, according to the developer Hydra Properties.The towers mark the...

Property

Dubai Investments Park plans eight new hotels, serviced apartments

Dubai Investments Park (DIP) plans eight new hotels and serviced apartments, amid what it calls “surging demand and growth potential” due to its proximity...

Property

Damac shares rally in Dubai on London tower plans

Damac shares on Sunday soared by more than 7% after the Dubai developer said it is considering an equity stake in a 50-storey...

Property

Damac opens two hotels near Burj Khalifa in Dubai

The Dubai-listed developer Damac says it has opened two hotel-apartment projects close to the Burj Khalifa, the world's tallest building. The firm says the opening...