Dubai-based Taka makes energy efficiency its task May 16 ,2016, city : Dubai

Dubai’s Supreme Council of Energy has completed a pilot project that will eventually map the energy use of buildings in the city.

The pilot project has taken in 110 buildings of different types – from residential blocks to hotels, and factories to worker camps – in communities a... More..

Jeddah Tower: Future world’s tallest building delayed after contractor problems May 9 ,2016, city : Dubai

The developer behind the 1km-high Jeddah Tower, set to be the world’s tallest building, has said that it is looking to get back up to speed after funding issues with contractor Saudi Binladin Group caused delays.

Hisham Jomah, the chief development officer of Jeddah Economic Company, confir... More..

Arabtec looks to shore up balance sheet as Dubai contractor’s losses narrow May 15 ,2016, city : Dubai

The contractor Arabtec has said that it is “looking at ways to enhance its capital structure" after posting its sixth successive quarterly loss yesterday.

The company said it “is currently engaged in discussions with Aabar, its largest shareholder, in respect of potential options... More..

Dubai buildings to be given star ratings May 12 ,2016, city : Dubai

DUBAI // A five-star rating system for buildings will improve maintenance and safety but it must be objective, in-depth and meet international standards to be effective, owners and experts said.

The Dubai Land Department announced this week that every building in the emirate would receive a ratin... More..

Dubai prime office rents soar by 20% as vacancies fall May 11 ,2016, city : Dubai

Rental values for prime office space in Dubai soared by 20 percent in the first quarter of 2016 compared to the year-earlier period, according to a new report by real estate firm JLL.

The JLL Global Office Index showed that Dubai was the top performer in the Middle East and North Africa region, with falling vacancies in Dub... More..

Arctic air con and slow lifts top office workers’ biggest complaints May 11 ,2016, city : Dubai

Slow elevator speeds and freezing conditions are among the major complaints of office workers in the region.

A joint study commissioned by the Middle East Council for Offices and the Royal Institution of Chartered Surveyors on office environments and produc­tivity, found that 67 per cent of r... More..

Dubai developer chases global investors for luxury Palm projects May 10 ,2016, city : Dubai

Dubai-based luxury property developer Seven Tides is heading to the UK capital later this month to showcase its luxury projects on Palm Jumeirah to London’s investment community.

The company said it will chase international investors at the Dubai Property Show, which will be held at the Olympia exhibition centre from ... More..

Abu Dhabi's Aldar Properties Q1 net profit gains 14% May 10 ,2016, city : Dubai

Abu Dhabi's Aldar Properties reported a 14.1 percent rise in first-quarter net profit on Tuesday, maintaining its run of improving earnings.

The state-linked builder of Abu Dhabi's Formula One circuit, which reported higher profits in nine of the preceding 10 quarters, made a profit attributable to equity holders of... More..

Abu Dhabi is our future, says Aabar CEO May 8 ,2016, city : Abu Dhabi

The CEO of the UAE’s Aabar Properties has reportedly insisted that the company is committed to Abu Dhabi despite plans to expand internationally.

The real estate developer, part of Aabar Investments, which is owned by the Abu Dhabi’s International Petroleum Investment Company (IPIC), plans to build 1,000 units i... More..

Dubai Tourism warns on holiday home regulations May 8 ,2016, city : Dubai

Real estate developers in Dubai have reportedly been asked to warn landlords against short-term lets or they would face fines of up to AED100,000 ($27,000).

Dubai’s Department of Tourism & Commerce Marketing (DTCM) issued a notice to developers across the emirate, stating: “Your involvement as developers is ... More..

Amanat Holdings quarterly profit rises more than five-fold May 8 ,2016, city : Dubai

The Dubai-listed healthcare and education company Amanat Holdings reported a more than five-fold jump in first-quarter net profit, thanks to its Al Noor Hospitals Group share sale and its Islamic finance products.

Amanat’s net profit in the three months ending March 31 surged to Dh9.5 milli... More..

RAK Properties set to release phase 2 of Bermuda Villas project May 6 ,2016, city : Dubai

RAK Properties, Ras Al Khaimah's biggest property developer, is set to release phase 2 of its Bermuda Villas development as part of its flagship Mina Al Arab waterfront community.

Bermuda Villas was launched in 2014 and is set for completion by late 2016, the company said in a statement.

The residential c... More..

Dh7.2m Hidd Al Saadiyat villa at the cheaper end but in a stunning location May 5 ,2016, city : Dubai

There are few housing estates in the world where the cheapest home you can buy is on the market for a whopping Dh7.2 million.

Despite splashing out a sum equating to US$1.96 million, whoever buys this four bedroom villa in the Abu Dhabi beachfront development, Hidd Al Saadiyat, might find it diff... More..

Infrastructure work at Hidd Al Saadiyat luxury villa project nears completion May 3 ,2016, city : Dubai

Infrastructure work at the Hidd Al Saadiyat luxury beachfront resort in Abu Dhabi is “nearly finished".

The development will feature 461 villas on a land area covering nearly 1.5 million square metres of natural waterfront land within Saadiyat Island. Initial construction on Hidd Al Sa... More..

Dubai office demand outstrips supply in prime locations in Q1 May 3 ,2016, city : Dubai

Dubai’s office market continued to see strong demand for prime commercial property, resulting in declining vacancy rates in key locations, according to real estate consultancy firm CBRE.

Its Q1 2016 Dubai MarketView said demand is currently outstripping supply in TECOM and DIFC, encouraging a new wave of development.<... More..