Magazines
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Dubai’s Danube Group posts 83% rise in turnover
Developer expects 15-20% growth this year, and plans 3-4 new real estate projects annually, as revenues hit $1.4bn in 2015. Danube Group...
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Dubai to launch property star ratings system
Number of completed projects that will undergo the ratings process stands at over 120,000 units. The Dubai Land Department has announced that...
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Saudi Arabia sets rules for tax on undeveloped land
Step aims to address lack of affordable housing, given that up to 50% of land in urban areas remains vacant. Saudi Arabia...
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Dubai’s Damac reports 15% slide in profit
Property developer reports $285.9 million profit in the first quarter of 2016. Damac Properties has reported a 15% slump in its first-quarter...
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Dragon Mart plans building materials showroom in Doha
Facility to offer 13,000sqm of retail space for in-demand construction items. Dragon Mart in Qatar is planning to open a 13,000sqm showroom...
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First Worker Welfare Report published in the UAE
Government report notes that ‘many non-national workers have faced in the past many malpractices by recruitment agents’. A government report on worker...
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Saudi Arabia ‘lifts project bidding ban on Binladin group’
Decision influenced by troubled group’s capacity to undertake projects of strategic importance - report. Saudi Arabia has allowed the country’s building and...
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Qatar Rail cancels Doha Metro station contract
Consolidated Contractors to continue $1.4bn Major Stations project after previous agreement axed. Qatar Rail has terminated a contract to build key stations...
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Abu Dhabi’s $1.4bn road to Saudi border ‘59% complete’
Mafraq-Ghuwaifat International Highway project on track – officials. A road project worth AED 5.3 billion ($1.4bn) linking Mafraq in Abu Dhabi with...
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Workers evacuated as fire engulfs factory in Ajman, UAE
Civil Defence teams fight to bring blaze under control. Workers were evacuated after a fire broke out at a fibreglass factory in...