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Oman issues new regulations to set up contracting firms
Companies will not be required to show proof of capital at time of registration. Oman’s Ministry of Commerce and Industry has issued...
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Omniyat plans large units, bucking industry trend
The Sterling building in Dubai to contain 343 apartments with large floor plans. Omniyat has revealed its latest Dubai development masterplan –...
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Dubai’s Deyaar upbeat despite fall in profits
Developer reports 25.8% drop in net profit for 2016 but says it is ‘cautiously optimistic’ about the year ahead. The Dubai developer...
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Interest in Dubai education projects growing – expert
Overseas investors, particularly from the UK, are looking at investment in education, says Steve Hextall, managing director of Aspect Project Management. There...
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Kerzner launches sale of Royal Atlantis units in Dubai
The development will offer 231 residences and 795 lavish guest rooms and suites. Kerzner International, in collaboration with Knight Frank, has launched...
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Dubai’s Arabtec adopts ‘risk management plan’
Trading in shares in the contracting giant was suspended earlier in the week. The Dubai-listed contractor Arabtec has approved a new risk-management...
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Building material cost hikes ‘to boost property prices’
Steel prices alone have jumped 25%, which is likely to boost real estate costs, says developer Danube. An increase in building materials...
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UAE signs partnership with Hyperloop firm
Agreement supports strategic partnerships according to the Abu Dhabi Vision 2030. The Office of Sheikh Falah Bin Zayed Al Nahyan has signed...
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Nakheel confirms retail bookings at Al Khail Avenue mall
Developer signs Alshaya group brands for 100,000 sq ft of space at 1.2m sq ft facility. Nakheel Malls has signed Middle East...
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New Saudi projects suggest infra project freeze easing
Authorities announce three public transport projects in the port city of Jeddah – report. Three new public transport projects announced in the...