World Bank: UAE ‘second best globally’ for processing construction permits

The UAE has been ranked second globally for the efficiency of processing construction permits, according to a report by the World Bank....

Property

Gulf sees ‘boom in serviced apartments’ – Colliers

International operators should consider tapping into the growing demand for serviced apartments in the Middle East and Africa, after a “boom” in...

Property

Dubai’s Deyaar posts a 37% decline in Q3 net profit

The Dubai real estate developer Deyaar posted a lower net profit of $13.3 million in the third quarter, figures show.According to a...

Construction

New UAE labour rules ‘to end disputes’ over unjust contracts

New regulation to end labour disputes over “unjust” contracts will be introduced in the UAE by early 2016, according to state news...

Construction

Two UAE quarries shut down for violating regulations

Two quarries in the UAE have been shut down after authorities found them to be violating regulations, according to state news agency...

Construction

Saudi construction sector ‘to grow 7.8% by 2019’

Saudi Arabia’s construction sector maintains its position as the Middle East’s largest construction market, and is set to grow 7.8% by 2019,...

Construction

New Qatar construction specifications supported by ASTM product

The Qatar Construction Specifications 2014 (QCS 2014) is set to launch in November, according to ASTM International.QCS 2014, a voluntary set of technical regulations...

Property

Dubai’s Nakheel reports 39% hike in net profit

The Dubai-based developer Nakheel has reported a 39% surge in net profit to $982.8 million for the first nine months of 2015.In...

Property

Abu Dhabi residential rents down 1% in Q3: CBRE

Abu Dhabi residential rents saw a 1% decline in the third quarter, following modest gains earlier in the year, according to the consultancy CBRE.The...