BinGhatti calls UAE visa and foreign ownership changes ‘highly positive’ for real estate

Muhammad BinGhatti, CEO and head of Architecture at Binghatti Developers has described the announcement that longer visas up to ten years will...

Construction

UAE Founder’s Memorial opens to the public

While the formal inauguration of the Founder’s Memorial took place on February 26, 2018 in Abu Dhabi, the newly completed project, which...

Construction

UAE allows 100% foreign ownership of businesses; key workers get 10-year visas

The upcoming changes to the UAE’s residency regulations could have a positive impact on the country’s real estate sector, with experts predicting...

Construction

North America leads construction costs, GCC countries in growth – report

A study by Dutch consulting engineers, Arcadis, has found North America cities to be the most expensive in the world for construction...

Construction

DSI returns to profitablity as it posts net profit for quarter; reversing Q1 2017 losses

Drake and Scull International, the Dubai-based construction and engineering contractor, has achieved an overall net profit of $1.9 million for the first...

Construction

Nakheel updates on $217mn The Pointe development

The Pointe, Nakheel’s $217 million, 130,064sqm waterfront dining and entertainment destination on Palm Jumeirah, is nearing completion and will open towards the...

Consultant

Middle East to have flattest construction costs rise in 2018

Professional services firm Turner & Townsend forecasts that the Middle East will see the flattest increase in construction costs "as the effect...

Construction

Al Ahli to develop ‘Nomad’, the world’s largest entrepreneurial hub

Al Ahli Group has announced plans to develop a one million sqft entrepreneur and media hub called ‘Nomad’. The project aims to...

Construction

UAE minister urges real estate and construction sectors to hire more Emiratis

Leading real estate developers and construction companies have discussed ways to boost Emiratisation in the property sector at a key industry event...