Dubai property price decline ‘to continue in 2017’

Dubai residential property rents and sale prices are forecast to continue declining this year and next, although there is a “bullish mid-term...

Infrastructure

Infrastructure works worth $1.9bn approved in UAE

Infrastructure projects worth AED7 billion ($1.9bn) have been approved in the UAE by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and...

Property

AccorHotels in deal with Mawarid for Dubai hotel

Hotel operator AccorHotels has announced that it has signed a management agreement with Mawarid Finance, an investment company, to develop an Ibis...

Construction

Abu Dhabi’s ADFG reveals plans for New Scotland Yard in London

The Abu Dhabi Financial Group (ADFG) has unveiled plans for the redevelopment of New Scotland Yard, the famous headquarters of London’s Metropolitan...

Construction

Arabtec shares up 14% as ex-CEO said to boost stake

Arabtec shares rose by more than 14% on Monday amid unconfirmed reports that the former CEO is boosting his stake in the...

Property

Damac sees ‘unprecedented demand’ for Aykon City project in Dubai

Damac reports “unprecedented demand” for the initial release of units at its Aykon City project, an upcoming six-tower project by the Dubai Water Canal.The...

Construction

UAE construction safety experts call for more information sharing

Health and safety experts have called for greater information sharing within the construction industry to allow for better prevention of onsite accidents.Big...

Construction

Deal reached over Saudi Binladin staff payments – report

An agreement has been reached over alleged salary delays faced by some employees of the Saudi Binladin Group, according to local media...

Construction

Sandan Industrial Park launched in Oman

The Oman-based Sandan Development has announced the official launch of its 250,000 sqm light industries park, which will cater to various commercial...