JLL: Jeddah real estate sector sees slowdown

‘Challenging’ economic backdrop hits the Saudi Arabian city’s residential, retail and office real estate markets. Challenging economic conditions, low oil prices and...

Building work starts on ‘The Tower’ in Dubai

Sheikh Mohammed lays foundation stone of skyscraper, which is set to rise higher than the Burj Khalifa. Work on ‘The Tower’ skyscraper...

Egypt’s Arab Contractors in $15m Dubai hotel deal

Construction contract is the first phase in a bundle of projects worth $163 million, company says. Arab Contractors, one of Egypt’s largest...

Wael Allan named CEO of Dubai’s Drake & Scull

Outgoing chief exec Khaldoun Tabari to continue to serve as Vice-Chairman of construction and engineering company. Wael Allan has been appointed CEO...

UAE plans $272m housing project in Ajman

The 729-unit residential project is set to be the largest undertaken by the Sheikh Zayed Housing Programme. The UAE plans to build...

Dubai targets metro extension fundraising ‘by year-end’

Construction of the 15km ‘Route 2020’ project, worth a total of $2.9bn, has already started. Dubai hopes to finalise $2.5 billion in...

First Bahrain appoints contractor to build 42 villas

Decorators, part of Promoseven Holdings, to oversee construction of eight stand-alone villas and 34 semi-detached homes at El Mercado Village. First Bahrain...

Dubai: Work starts on Mideast’s ‘largest solar rooftop project’

DP World project to install 88,000 solar panels will produce enough clean power for 3,000 homes a year. The Dubai-based ports operator...

Damac unveils $326k ‘Akoya Selfie’ villas in Dubai

Three-bedroom villas aimed at millennials to be built at Akoya Oxygen master development. Developer Damac has young millennials firmly in its sights...

Route 2020: Expo metro link on track in Dubai

Big Project ME speaks to Dubai’s Roads and Transport Authority to understand the impact Route 2020 will have on the city’s growth...