Wednesday 17 July 2019

Dubai's house prices down 15.3pc in June

Dubai's house prices fell 15.3 per cent in June compared to last year and by 1.6 per cent on a month-on-month basis with the apartment and villa prices marginally declining m-o-m to Dh1.67 million and Dh4.35 million ($454,589 and $1.18 million), respectively, according to real estate data


UAE, Spain in key infrastructure development talks

A senior UAE delegation led by Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, is in Madrid, Spain, to discuss bilateral relations with senior government officials.   The UAE team, comprising both the government and private se


Golden Gate seals key Arabian Business Community deal

Golden Gate, a major real estate development company in Bahrain, is the latest organisation to join the rapidly growing Arabian Business Community (ABC) Bahrain portal, securing one of the most sought-after positions on the site.   The company has agreed to spon


UAE opens solar water pumping station in Yemen

The UAE has opened an integrated solar-powered water pumping station in the district of Naseeb in the Shabwa Governorate of Yemen. The unit will supply water to residents of Dar'aa and Mouriba areas and neighbouring villages.   Hamid Rashid Al Shamsi, the Em


Abu Dhabi energy unit launches instant licensing system

The Abu Dhabi Department of Energy (DoE), in cooperation with Abu Dhabi Digital Authority (ADDA), has announced the launch of instant licensing services through the Abu Dhabi Government Services System,Tamm.    The mutual venture aims to facilitate fast and


Dubai Hills Mall road, bridge works 45pc complete

Dubai's Roads and Transport Authority (RTA) has announced that 45 per cent of the construction work on the bridges and roads leading to Dubai Hills Mall at the junction of Umm Suqeim Street and Al Khail Road has been completed.   The project is being underta


Construction aggregates market set to hit $623bn by 2029-end

The global construction aggregates market was pegged at more than $331 billion in terms of value at the end of 2019, and is set to hit nearly $623 billion in the next 10 years growing at a compound annual growth rate (CAGR) of six per cent, according to a report by leading consulting firm Per


DLD launches new ‘Real Estate Lawyer’ initiative

Dubai Land Department (DLD) has announced the launch of a new initiative, ‘Real Estate Lawyer’, in partnership with Al Tamimi & Company.    The agreement outlining the details of the initiative was drafted to facilitate growth in the real es


Royal Boskalis in Iraq offshore oil export installation deal

Leading Dutch maritime services company Royal Boskalis Westminster NV (Boskalis) said Iraq's government has authorised the oil ministry to sign an initial agreement with the group to build an offshore oil export installation.   A major player in the region,


Abu Dhabi plans to build $517m housing complex for Emiratis

The Abu Dhabi Housing Authority will develop an integrated housing complex at the cost of Dh1.882 billion for Emirati nationals. The project in Al Falah, on the outskirts of the city, with 899 new residences is expected to be completed within three years and is set for delivery a

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