Sunday 26 April 2015

Irish group Byrne Looby wins big Gulf projects

International engineering services provider Byrne Looby Partners said it has won major contracts worth around Dh6 million ($1.63 million) in the Gulf region.   The projects include the design of a new quay facility in Dubai Maritime City - an extensive geotechnical consultanc


Low oil cooling Abu Dhabi's resurgent property sector

Lower oil prices are likely to cause Abu Dhabi's residential property sector to stabilise in 2015 following a two-year price boom as sentiment weakens and government spending in some areas slows, said industry consultants. A slew of new residential units was released in 2009-


Damac Q1 net profit plunges 38pc

Damac Properties, a leading luxury project developer in Dubai, UAE, said its first-quarter net profit fell 38 per cent despite surging revenue because a year earlier its bottom line benefited from a big one-off gain from an associate. The privately-run developer, which listed on


Classy to unveil artisan furniture at Bahrain expo

Classy Interiors will showcase their unique collection of artisan furniture at gulfInteriors 2015, a dedicated exhibition for luxurious, creative and unique designer products, to be held in Bahrain next month. The event will run alongside two other major exhibitions - Gulf Proper


Qatar-led group acquires 100pc of Canary Wharf

Qatar Investment Authority and Brookfield Property Partners have acquired 100 per cent of London's Canary Wharf Group (CWG) after buying out the remaining shareholders. Brookfield owned 22 per cent of CWG before the deal, said a report in the Gulf Daily News (GDN), o


Top property expo opens in Abu Dhabi

The ninth edition of Cityscape Abu Dhabi, the leading real estate event in the UAE capital, opened today (April 21) welcoming more than 130 international and regional developers spanning 18,000 sq m of exhibition space. It was officially inaugurated by Sheikh Hazza bin Zayed Al N


Qatar Rail completes 20km tunnel work for Doha metro

Qatar Railways Company (Qatar Rail), the company overseeing the construction of the country’s integrated railway network, said it has completed digging nearly 20 km of tunnels for the Doha Metro project, a landmark that clearly highlights the progress of the tunnelling works underneath Do


TDIC launches modern villa project in UAE

Tourism Development & Investment Company (TDIC),  a leading property developer in Abu Dhabi, UAE, has launched Jawaher Saadiyat, its latest luxurious residential community in the Saadiyat Beach District. Comprising 83 units; including four-bedroom townhouses and four-, f


Siemens wins $400m Dubai power plant contract

Dubai Electricity and Water Authority (Dewa) has signed a turnkey construction contract worth Dh1.47 billion ($400 million) for the expansion of the M-Station power and water desalination plant in the Jebel Ali area of the emirate. The M-Station, built at a cost of Dh10 billion (


Al Basel Real Estate wins ‘gold’ award from Deyaar

Al Basel Real Estate Brokers, a leading real estate brokerage firm and a member of the Al Basel Group of Companies, has won  a “Gold Award” from Deyaar, a premier regional real estate developer and real estate services company. The award recognised Al Basel&rsquo

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