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Qatari developer Ezdan posts 6% rise in nine-month profit
Company posts $354 million net profit for the nine-month period. Qatari real estate developer Ezdan Holding has reported a nine-month net profit...
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Saudi construction costs ‘down 10-15%’
Cuts in government spending have eased pressure on building material suppliers, says CEO of Emaar the Economic City. The group chief executive...
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‘Small fire’ breaks out in store at Mall of Qatar site
Management of under-construction mall says incident occurred at a store undergoing fit-out. A ‘small fire’ broke out at the under-construction Mall of...
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Dubai’s Damac unveils $326k villas at Akoya
Listed developer says three-bedroom Akoya Fresh units are geared towards first-time buyers. Damac Properties has announced the latest launch at its Akoya...
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Sharjah to conduct field survey on labour housing
First-of-its-kind survey aims to give government clear picture about current status of facilities and services available to workers. Sharjah’s government plans to...
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Plans unveiled for $300m nature-inspired mall in Dubai
Developer Cityland Group to build a 1.13 million sq ft shopping mall with green area at its core. Cityland Group has announced...
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Saudi’s Jabal Omar Development reports $184m Q4 profit
Developer says it will continue to consolidate its position in the Saudi Arabian market. Jabal Omar Development, Saudi Arabia’s largest listed real...
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Saudi construction sector faces uncertain 2017 – expert
Faithful + Gould’s David Clifton says the kingdom’s construction market is likely to contract further. Saudi Arabia’s construction sector faces an uncertain...
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Dubai Ruler unveils Smart Buildability Index
Sheikh Mohammed stresses the need for standardisation in the construction industry across the UAE. Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice...
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Global investments in RAK’s Al Hamra Village total $272m
Buyers of 99 nationalities have invested in the destination – led by Brits, Germans, Indians and Russians, developer reveals. Ras Al Khaimah’s...