Bloom Properties says 90% of Faya project in Abu Dhabi sold

Developer Bloom Properties says 90% of its Faya residential project in Abu Dhabi has sold within one week of launch.Faya, the fourth...

Construction

Danube awards $50m construction contract for Glitz Residence 3 in Dubai

Developer Danube has awarded an AED185 million ($50.4m) contract to Naresco Contracting for the Glitz Residence 3 development in Dubai Studio City....

Construction

Qatar World Cup: FIFA plans worker welfare panel

FIFA plans to set up a panel to “ensure decent working conditions” at all World Cup stadium projects, amid ongoing allegations of...

Property

Ellington Properties says 14 Dubai projects in pipeline

Ellington Properties, which is co-run by former Emaar executive Robert Booth, says it is working on 14 developments and plans a vast...

Property

Dubai’s Emaar Malls to pay $354m dividend

Emaar Malls has announced that a proposal by the board to distribute 10% of the share capital, equivalent to AED1.3 bn ($354...

Property

Dubai property prices down by 10% in Q1 – JLL

Dubai residential property prices fell by 10% year-on-year in the first quarter of 2016 due to buyers having less purchasing power and the stronger...

Construction

Warner Bros World Abu Dhabi set to open in 2018

The Abu Dhabi developer Miral has announced plans to open a $1 billion Warner Bros. theme park on Yas Island in 2018.The...

Construction

Emaar to pay 15% dividend after ‘severe’ cost cuts

Emaar shareholders have approved a 15% cash dividend in an annual general meeting in which the boss of the Dubai developer acknowledged...

Construction

Krantz air units chosen for Louvre Abu Dhabi

The Louvre Abu Dhabi will be fitted with Krantz air outlet units, according to Al-Futtaim Engineering, which supplies the German brand’s products.Louvre...