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LATEST NEWS

Dubai to start constructing Dh394 million Shindagha Bridge project

20/05/2018
Dubai’s Roads and Transport Authority (RTA), will start construction of a Dh394 million (US$107 million) bridge over Dubai Creek to connect the historic downtown of Deira and Bur Dubai at Shindagha area, part of the Dh5 billion Shindagha Corridor – to ease traffic and people’s movement in the area.

Seven Tides launches US$354 million mixed-use project in Dubai

20/05/2018
Dubai-based upscale property developer Seven Tides has launched a US$354 million (Dh1.3 billion) mixed-use development in Jumeirah Lakes Towers (JLT), in Dubai, Seven City, JLT.

Drake & Scull returns to black with Dh7 million net profit in Q1 2018

20/05/2018
Dubai-based mechanical, electrical and plumbing (MEP) contractor Drake and Scull International PJSC, which has gone through a recapitalisation process following a massive loss in business in 2016, has returned to profitability with Dh7 million net profit recorded in the first quarter of 2018, compared to the net loss of Dh839 million in the first quarter of 2017.

Chinese brokerage Fidu Properties open office in Dubai to boost US$212 m portfolio

17/05/2018
Chinese property brokerage Fidu Properties, which concluded US$212 million (Dh780 million) investment in Dubai real estate in the last two years, has opened a regional office in Dubai that will help boost Chinese investment in the UAE’s real estate market that is looking for greater foreign investment.

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Global real estate investment grows 15% to $165bn in Q1, 2018
Global real estate transaction volumes for the first quarter of 2018 came in at US$165 billion, 15 percent higher than the same period last year, with activity underpinned by favourable macro-economic trends in the world’s major economies, according to a latest report by Jones Lang LaSalle (JLL), a global real estate advisory. Read More...
$49 billion worth of airport projects to help GCC aviation sector fly high, BNC report shows
The GCC aviation sector will continue to ride high due to large airport construction projects with estimated total value of 95 listed projects reaching US$49 billion (Dh180 billion) in May 2018, according to BNC Network, the largest project intelligence provider in the MENA region. Read More...
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