Monthly Archives: February 2018

Expo 2020 to drive construction boom in UAE

Khaleej Times, February 19 2018

Preparations in the run-up to Expo 2020 are proving to be a catalyst for the UAE construction industry. The rise in oil prices is also beneficial for contractors since regional governments are beginning to restart …

More homes in 2018 to push down rents in Dubai, Abu Dhabi

 Khaleej Times, 22 February 2018

2018 is set to be another favourable year for tenants with rents predicted to drop as a result of the sheer amount of supply projected for delivery this year.

According to Asteco, 23,000 apartments and 8,500 …

Nakheel awards Dh4.2 billion contract for Deira Mall

Khaleej Times, 18 February 2018

Nakheel signed a contract for the construction of Deira Mall for Dh4.2 billion.

United Engineering Construction will build the mall, the UAE’s largest in terms of leasable space. Construction will begin in Q1 this year and …

Al Shirawi wins fit-out contract for Dubai’s $330m Cityland Mall

Arabian Business, 22 February 2018

Company will fit-out 450,000 sq ft of space including all entrances, pavilions, hypermarket and washrooms

Al Shirawi Interiors has been awarded the contract for the complete interior fit-out of the Cityland Mall, the world’s first natured-inspired …

Revealed: the best areas to invest in property in Abu Dhabi

Arabian Business, 22 February 2018

Bayut.com publishes report showing the highest returns on investment in the UAE capital

Return on investment (ROI) in Abu Dhabi’s real estate market is expected to remain steady this year despite the trend of declining rents, …

Now, Sharjah’s Dh25b Waterfront City sets sail

Gulf News Property, 24 February 2018

First off-plan sales for villas from Dh2.5m generate solid interest.

Dubai: Sharjah’s Dh25 billion Waterfront City is starting to show up on the development radar. Just under two years after its announcement, infrastructure works on …

UAE real estate market sentiments remained cautious in Q4

Arabian Business, 11 February 2018

Occupier demand deteriorated sharply in the industrial and retail sectors

Sentiment in the UAE’s real estate investment and occupier markets remained cautious in the fourth quarter of 2017, according to RICS latest global commercial property survey.

According …