• Dubai’s apartment rents down 4pc as new supply hits market


    Apartment rental rates across Dubai, UAE, fell four per cent and sales remained flat during the third quarter as new supply added pressure to the emirate's rental market, said a leading property expert.

  • Dubai Q3 off-plan transaction values up 118pc


    The total number of off-plan transactions in Dubai, UAE, surged by 86 per cent during the third quarter compared to the previous quarter, while the value of the off-plan transactions rose 118 per cent to hit Dh4.04 billion ($1.09 billion).

  • Dubai Design District posts solid growth


    Dubai Design District (d3), the region’s ultimate design destination, has registered solid growth reaching 95 per cent capacity this year with 40 design-led retail concepts already open and another 14 to launch in the coming weeks.

  • Expo to highlight novel water treatment technologies


    Leading global experts from the construction and utility sectors will highlight the innovative solutions and cutting-edge technologies in water treatment at a key industry event in Dubai, UAE, which opens next week.

  • Utico unveils innovative $100m rooftop solar programme

    PAYBACK SCHEME
    Utico, the Middle East’s leading full service private utility, today unveiled a path-breaking solar investment program, SolarFree, for homeowners and announced an investment outlay of over $100 million for the project.

  • Damac's nine-month profit hits $626m, sales up 13pc


    Leading Dubai-based developer Damac has reported a net profit of Dh2.3 billion ($626 million) for the first nine months of 2017. The company also booked sales of Dh6 billion ($1.63 billion), up 13 per cent over last year.

  • Azizi launches $6.8bn Dubai community project

    30,000 HOUSING UNITS BY 2020
    UAE-based Azizi Developments has announced plans to build a new mega community project 'with a distinctly British feel' in Dubai, at an investment of Dh25 billion ($6.8 billion) that will add 30,000 residential units before Expo 2020.

  • Cavendish Maxwell unit in Bloomberg tieup


    Cavendish Maxwell, a leading global property consultant, said its unit Property Monitor has became the only real estate data source in the UAE to provide a real-time real estate index to Bloomberg to display on their terminal.

  • Daikin boosts UAE dealership network


    Japanese HVAC (heating, ventilation and air conditioning) leader Daikin has strengthened its UAE dealership network with the opening of new units in the emirates of Dubai and Sharjah recently.

  • Investcorp acquires Kee Safety for $370m

    SAFETY SOLUTIONS PROVIDER
    Bahrain-based Investcorp has agreed to acquire Kee Safety, a global supplier of safety solutions and products designed to protect people from hazards, from Dunedin and LDC for an enterprise value of £280 million ($370 million).

  • Masdar JV wins $354m funding for Serbian wind farm


    Abu Dhabi’s renewable energy company Masdar said it has signed an agreement with Čibuk Wind Holding for funding the largest utility-scale commercial wind project in Serbia and the Western Balkans.

  • Oryx Rotana completes Doha hotel revamp


    Oryx Rotana, the five-star luxury business hotel in Doha, said it has completed all the renovation works linked to its “Al Nafourah Garden” project.

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Dubai’s apartment rents down 4pc as new supply hits market

Apartment rental rates across Dubai, UAE, fell four per cent and sales remained flat during the third quarter as new supply added pressure to the emirate's rental market, said a leading property expert....



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Gulf construction - November 2015


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