Report: Dubai Property Prices Going Down

• Tuesday, 7th June 2016
• by Invest Gate

Dubai property sale prices in several places in the city is said to have fallen by as much as AED 25,000 ($6,800) over the past year, according to a new report by Core, the UAE associate of real estate firm Savills.

Dubai Properties to Launch Bellevue Towers Downtown

• Tuesday, 7th June 2016
• by Invest Gate

Dubai Properties, a real estate developer, is set to launch Bellevue Towers, a two-tower project, in Downtown Dubai.

Shaikhani Group to Invest AED 2B

• Sunday, 5th June 2016
• by Invest Gate

The Shaikhani Group unveiled its 2025 development plan in preparation to host Expo 2020, starting with 4 new projects in the coming year.

New Abu Dhabi-Dubai Highway worth AED 2.1 B to Open in 2016

• Sunday, 5th June 2016
• by Nadine Abou el Atta

The new AED 2.1 billion ($ 570 million) Abu Dhabi-Dubai highway, which is being built by Abu Dhabi General Services Company, Musanada is almost 83% complete and will be opened before the end of 2016, Construction Wee ...

Dubai’s Limitless Pays AED 2B Debt

• Friday, 3rd June 2016
• by Invest Gate

Limitless, a UAE-based real estate developer, makes a debt payment of AED 2.07 billion ($563 million) to banks and trade creditors after reaching a restructuring agreement.

Abu Dhabi’s Aldar Sells 75% of Mayan Development

• Wednesday, 1st June 2016
• by Invest Gate

Aldar Properties, Abu Dhabi-based real estate developer, sold over 75% of its golf and waterfront development on Yas Islan, Mayan.

Disputes Value up 7% in Region Construction

• Wednesday, 1st June 2016
• by Invest Gate

Dispute values in the Middle East Region rose to nearly 7% , their highest value since 2011, according to a report by Arcadis, a design and consultancy firm.

Al Futtaim to Invest AED 30B in UAE by 2026

• Wednesday, 1st June 2016
• by Invest Gate

Majid Al Futtaim announced that the company will increase total investment in UAE by AED 30 billion ($8.16 billion) by 2026.

Dubai’s Arabtec to Use AED 1B Reserves to Wipe Out Losses

• Wednesday, 1st June 2016
• by Invest Gate

Dubai’s Arabtec Holding, a construction firm, announced its plan to use AED 1 billion ($272 million) of the company’s reserves to wipe out some of its accumulated losses.

UAE’s Dubco Wins AED 194.5M Zayed Housing Program Deal

• Tuesday, 31st May 2016
• by Invest Gate

Dubco Construction, a Dubai-based firm, won an AED 194.5 million ($53million) contract to build and maintain homes for the country’s Zayed Housing Program.