Nakheel sees profits double to $299m

Nakheel announced that its net profits had increased by 97% compared to 2011.RELATED ARTICLES: Exclusive: My advice to Nakheel | Nakheel appoints Manchanda...

Construction

Arabtec restarts work on Qatar’s Al Wa’ab City

Work on Al Wa’ab City, one of the largest privately owned real estate developments in Qatar, has been restarted with the announcement that main contractor Arabtec began...

Analysis

Saudi Mortgage Law to boost construction and finance sectors

The long-awaited Saudi real estate mortgage law, published in August, is set to come into force next month, a move that...

Construction

Saudi Mortgage Law to boost construction and finance sectors

[caption id="attachment_3323" align="aligncenter" width="300"] Paul McViety believes the mortgage law will boost the construction industry.[/caption] The long-awaited Saudi real estate mortgage law,...

Construction

Residential trends could upset Dubai job market

[caption id="attachment_11610" align="aligncenter" width="356"] Waddilove says a sharp take off in investor activity could jeopardise the stability and growth of the Dubai...

Construction

Sobha City sparks return of mega-projects

Sobha City, the 743,224m2 mixed use development in Meydan City, signals the return of mega-projects to the Dubai property market, the vice-chairman...

Construction

Aldar and Sorouh merger likely within a month

A potential merger agreement between Aldar Properties and Sorouh Real Estate is likely within a month, a senior executive said on Sunday....

Construction

Dubai Metro boosts real estate

Sentiment in Dubai’s real estate market has recovered considerably since Q1 with real estate, legal and finance professionals all reporting increased traction...

Construction

Capital’s apartment rents drop 8% in Q3

[caption id="attachment_10959" align="aligncenter" width="463"] Asteco report finds that Abu Dhabi apartment rents fell 8% in Q3 on the back of increased supply...

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...