Friday 21 July 2017

UAE developer Deyaar's H1 revenue up 135pc

UAE-based property developer Deyaar has reported a 135 per cent year-on-year increase in revenues for the six months ending June which soared to Dh316.4 million ($86.1 million) from last year's 134.9 million. Announcing its financial results for the first half, Deyaar said th


Heat stress 'a major worry for Mena workers'

With the infrastructure spend in the Middle East and North Africa (Mena) region set to top $280 billion by 2018, heat stress remains a major concern for the UAE region, said an industry expert citing BMI Research. In order to keep staff healthy and output high, industry leaders m


Artar releases new residential units in Dubai

Saudi-based Artar Real Estate Development has released its signature collection of nine elite four-bedroom apartments at the 36-storey Mada Residences tower in Downtown Dubai. Located within a minute’s walk of The Dubai Mall, the world’s biggest shopping destination,


Dubai's Al Maktoum Solar Park Phase III 22pc complete

Dubai Electricity and Water Authority (Dewa) said work on the 800-megawatt (MW) Phase Three of the Dh50-billion ($13.6 billion) Mohammed bin Rashid Al Maktoum Solar Park is progressing as per schedule with nearly 22 per cent of the project already completed. It is the largest sin


Bahrain completes work on new Zayed Town exit

Work has been completed on a new exit to Zayed Town from Sheikh Salman Highway to the North of the Driving School, said a statement from the Ministry of Works, Municipalities Affairs & Urban Planning. The project aims to alleviate traffic congestions along the new housing are


UAE capital 'becoming most affordable housing market'

Slackening demand has sent residential sale prices tumbling in Abu Dhabi and rents have also declined in most districts, making the UAE’s capital more affordable following prolonged government austerity measures, according to a report.   Abu Dhabi is the seat of the fed


New Jeddah airport project 90pc completed

Saudi civil aviation authorities said about 90 per cent of the new airport project in Jeddah, which comprises the existing King Abdulaziz International Airport (KAIA), has been completed. The airport, which is spread over a 670,000-sq-m area, will boast 82 domestic, international


First Haramain Express Train arrives in Jeddah station

The first Haramain Express Train arrived at Jeddah station on a pilot trip as part of the operational tests of the Saudi high-speed railway system, a report said. The train arrived from King Abdullah Economic City (KAEC), said the


ECC joint venture wins Dubai car-park project

Engineering Contracting Company (ECC), a leading contracting company in the region, has been awarded a multi-storey car-park project in Dubai, in joint venture with McLaren Construction. The car park, offering 2,800 parking spaces, is coming up opposite the Dubai World Trade Cent


Al Khonji group to build business hotel in Duqm

Omani property investment firm Al Khonji Real Estate & Development (Aqar) has unveiled plans for a three-star business hotel in Duqm, which will be a part of a large mixed-use development, said a report. Featuring 180 to 200 rooms, the hotel project is the first venture in a

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