Dubai Construction Payment Delays Becoming Problematic -Report

• Tuesday, 22nd November 2016
• by Karim Mohy

The construction sector in Dubai is facing increasing problems with payment delays which reach six months as a norm.

Abu Dhabi, Dubai Markets Show Signs of Recovery -Report

• Sunday, 20th November 2016
• by Karim Mohy

The real estate markets of the emirates of Dubai and Abu Dhabi recorded an uptick in rental values and a slowdown in the rate of price drops, according to Bayut.

Dubai Issues Decree On Land Mortgages

• Thursday, 17th November 2016
• by Karim Mohy

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai issued a new decree on Tuesday regulating the mortgaging of government lands granted to individuals or businesses ...

Stronger Dollar to Possibly Stall Dubai Recovery -Analysts

• Wednesday, 16th November 2016
• by Karim Mohy

The recent strength of the US dollar could possibly hamper the recovery of Dubai's struggling real estate market, according to analysts speaking to The National.

Arabtec 3Q Losses Narrow 76% y-o-y

• Monday, 14th November 2016
• by Karim Mohy

Dubai-based construction firm Arabtec Holding PJSC reported net losses attributable to its parent at AED 225 mn for the third quarter of 2016, marking a 76% decrease in losses compared to the same period last year, a ...

Meydan Seeks Loan for Hotel Project -Sources

• Sunday, 13th November 2016
• by Karim Mohy

Dubai-based developer Meydan Group is eying a syndicated loan of a minimum of AED 450 mn to finance a hotel project according to unnamed sources.

Hamptons Launches Sales of The Address Apartments Last Month

• Sunday, 13th November 2016
• by Karim Mohy

Hamptons International announced the launch of sales at its The Residences Jumeirah Dubai, Managed by The Address and The Address Residences Jumeirah Resort + Spa, according to a press release at the end of last month.

Azizi Launches Azizi Samia Project

• Sunday, 13th November 2016
• by Karim Mohy

Dubai-based Azizi Developments launched its Azizi Samia project.

Eshraq Announces Three New UAE Projects

• Thursday, 10th November 2016
• by Karim Mohy

Abu Dhabi -based developer Eshraq Properties announced on Tuesday three major projects in the UAE: Jumeirah Village Circle, the Marina Rise Project and The Gateway.

Dubai Water Canal Set to Open Tonight

• Wednesday, 9th November 2016
• by Karim Mohy

The opening ceremony for the Dubai Water Canal will take place on Wednesday evening with Sheikh Mohammed bin Rashid Al Maktoum inaugurating the new waterway.