• Signs of end to flipping in Dubai property market


    A sharp rise in requests for inspections of finished properties over the first quarter signals the end of flipping of properties for quick profit in Dubai, UAE, and gives a strong sign of the real estate market’s slowdown, said an expert.

  • Leading Italian firms back Gulf Interiors 2015


    Gulf Interiors 2015, the Northern Gulf’s highly acclaimed annual expo for interiors, has been selected by the Furniture Federation of Italy, Federlegnoarredo, as the B2B partner for the trade delegation visit to Bahrain.

  • Limitless to start work on $550m Vietnam project


    Limitless, a Dubai government-owned property developer, said it has won approval to start work on its $550-million residential and tourism project, Halong Star, in Vietnam.

  • Major French firms to showcase at Index Dubai


    Around 12 French companies will showcase major trends in French furniture and lifestyle at a pavilion organised by Business France at the upcoming Index, a leading interior decorations exhibition, in Dubai, UAE.

  • Faithful+Gould signed up for $1bn UAE mall project


    Faithful+Gould, an integrated project management consultancy firm, has been signed up to provide a range of services including cost management, development advisory and project controls for a $1-billion retail project in Abu Dhabi, UAE.

  • Dubai staff accommodation market set for solid growth


    The staff accommodation market in Dubai is poised to register solid growth as the UAE emirate races to make available more than 65,000 housing units for the increasing labour population over the next three years, said a report.

  • SSH wins Bahrain highway project deal


    SSH, a leading design, construction supervision and project management firm in the Middle East, has been awarded the engineering consultancy services contract for the widening and upgrading of a major highway in Bahrain.

  • Dubai to start Bluewaters Island bridge work


    The Roads and Transport Authority (RTA) has awarded a contract for construction of bridges leading to the Bluewaters Island project located off the Jumeirah Beach Residence coastline in Dubai, UAE.

  • Arkan Building Materials profit up 87pc


    UAE-based Arkan Building Materials Company has registered a net profit of Dh80 million ($21.7 million) in 2014, up 87 per cent compared to Dh43 million ($11.7 million) a year earlier.

  • The Kingdom Tower on track to create history


    As it rises over the Jeddah skyline, the $1.2-billion Kingdom Tower will make and break several records along its kilometre-high journey. The skyscraper, which will soar to a height of over 1,000 m, is currently at Level 13, said a report.

  • $31m Mamee TGU snack food plant to be built in Saudi


    Mamee TGU Factory is set to build an instant noodles and snack foods factory at the Industrial Valley in the King Abdullah Economic City (KAEC) at a cost of SR120 million ($31.9 million), according to a report.

  • Galfar wins Oman refinery project contract


    Galfar Engineering and Contracting has won a contract for site preparation work at the new Duqm Refinery at the Special Economic Zone in Oman, said a report.

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Construction News

Signs of end to flipping in Dubai property market

A sharp rise in requests for inspections of finished properties over the first quarter signals the end of flipping of properties for quick profit in Dubai, UAE, and gives a strong sign of the real estate market’s slowdown, said an expert....


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