Monthly Archives: March 2018

Offices in Deira and Garhoud feel rental pressures

Gulf News Property, 10 March 2018

Dubai: Landlords with older or poorly maintained offices in Dubai are feeling the heat. Second-tier properties in locations such as Deira and Garhoud have seen rentals drop 17 and 14 per cent, respectively, over …

Damac awards a second major contract to Arabtec

Gulf News Property, 7 March 2018

Dubai: Damac Properties has awarded a Dh424-million contract to Arabtec to build additional villas in Akoya Oxygen.

Emirates Falcon Electromechanical Co., a subsidiary of Arabtec, will be carrying out the MEP works for the project. …

How VAT has affected Dubai real estate businesses, so far

Gulf News Property, 10 March 2018

It has been nearly two months since value-added tax (VAT) was introduced in the UAE and various industries are feeling its effects in different ways and varied intensity. While residential property is generally free …

Dewa awards Dh871m contract for desalination plant

Gulf News, 3 March 2018

Dubai: The Dubai Electricity and Water Authority, Dewa, has awarded an Dh871 million contract for the construction of a 40 Million Imperial Gallons Per Day, MIGD, Seawater Reverse Osmosis, SWRO, based desalination plant in Jebel …

Mall in Dubailand to open by end of 2018

Khaleej Times, 27 February 2018

Cityland Mall is on track for opening in the fourth quarter of this year, with 60 per cent of the project’s construction having been completed as of February 2018.

Leasing at the ‘nature-inspired’ shopping destination has …

New areas get popular among Abu Dhabi residents

Khaleej Times, February 28 2018

Madinat Zayed was the most popular area among Abu Dhabi residents in 2017, according to ServiceMarket, a marketplace for moving and house services. The area received 14.46 per cent of all move-in requests.

Other areas that …