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First Avenue Mall, hotel to open in Dubai in early 2017
$136m Motor City development will comprise 70 shops, 15 restaurants and a 150-room four-star hotel. A new shopping mall and hotel are...
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Aldar awards Yas Acres early works contract to Bauer
Awarding of $42m package falls within six months of project’s launch, in compliance with new real estate law . Aldar Properties has...
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Abu Dhabi project to have world’s tallest indoor climbing wall
Developer Miral says $100m ‘Clymb’ development on Yas Island was 35% complete as of the beginning of October. A futuristic attraction housing...
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Dubai’s Nakheel reports 22% profit hike for Q3
Developer of the Palm Jumeriah says it made a net profit of $260m during the third quarter. The Dubai developer Nakheel has...
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Trojan Holdings managing director calls for more opportunities for young Emirati engineers
Hamad Al Ameri says local construction companies need to do more for young Emirati engineers. Young Emirati construction professionals need to be...
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Saudi construction sector ‘faces slowdown in 2017’
Private sector has delivered over 70% of construction awards in 2016, bucking the trend in previous years – David Clifton. Saudi Arabia’s...
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Work starts on Doha Metro underground stations – report
Transport sector contributes significantly to Qatar’s national economy, says ministry official. Works on several of the underground stations of the Doha Metro...
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Construction sector woes ‘pose risk to Saudi banks’
Reduced number of projects and rising debts to lead to more nonperforming loans, Moody’s warns. The increasing number of challenges faced by...
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Office rents flat or falling in most Dubai submarkets – report
Dubai Design District was the only area to show an increase in rents in the third quarter, with an average 15% rise....
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Dubai ranked leading smart city in the Middle East
Huawei and Navigant report studies Gulf cities’ strategy and execution of smart city campaigns. Dubai has emerged as the Middle East's leading...