Festival City to get more residential units

Dubai-based Al-Futtaim Group has announced plans to build more residential units in its 1,300-acre Dubai Festival City (DFC) development, encouraged by improved...

Construction

DPG resumes Mudon works

Construction works have been resumed on the Mudon Development in Dubailand District by Dubai Properties Group (DPG) in response to the growing...

Construction

Bahrain studying skyscraper plan

Bahrain’s Manama Municipal Council is seeking the approval for a new zoning plan that would reserve the shores of the Seef area...

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...

Construction

Indians are top buyers in Burj Khalifah

According to data by the Dubai Land Department (DLD), foreign investors bought 36% more real estate assets in the emirate at a...

Construction

Weak demand, oversupply pressure Abu Dhabi rents

Property consultancy Jones Lang LaSalle (JLL) has said significant increases in supply, the relatively weak demand and tight economic conditions will cause...

Construction

Egyptian government gives SODIC more time to develop Allegria

Egyptian property developer, Six of October Development and Investment (SODIC) has been granted two more years by the government for the completionof...