Thursday, 8 February 2018
Construction of the world's tallest skyscraper in Jeddah is going ahead and I the $1.5 billion project is being built by the Jeddah Economic Company. The firm's chief executive Mounib Hammoud said he hopes the tower will be opened by 2020. The Jeddah Tower features residential and hotel space as well as shopping facilities. It is projected to be over 1,000 metres (3,281 feet) tall, eclipsing Dubai's Burj Khalifa, which is currently the world's tallest building at over 828 metres. Construction ...
Sunday, 31 July 2016
The property developer credits 40 percent of its profits to its shopping malls, hospitality and leisure businesses
Wednesday, 25 May 2016
The 5,000 ton artificial island was constructed at a shipyard site in Finland and then transported by ship to Dubai in eight pieces
Tuesday, 1 September 2015
Dubai house prices fell 5.1 percent and apartment prices 0.6 percent in first half of 2015
Tuesday, 4 August 2015
Dubai developer Meydan announced the launch of a new giant project known as “Meydan One” featuring a 711m-high tower, a huge new mall, the world’s largest indoor ski slope, the biggest dancing fountains in the world and a retractable roof. In a statement, obtained by Al Arabiya News, the company announced plans to build the new 3,671,000 square meter leisure, residential and hospitality destination. Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, on Monday ...
Tuesday, 28 July 2015
S&K Estate Agents, the leading estate agent and property management company in Dubai filed for bankruptcy after going out of business with the loss of dozens of jobs. The company which traded as Smith & Ken, said in a statement, confirmed also that all 80 staff in both its Dubai and LA offices have lost their jobs. The company’s shareholders issued a statement reported by news agencies saying that it was no other choice “but to file bankruptcy and hand over accounts and any ...
Tuesday, 9 December 2014
Emaar Properties, the emirate's largest listed firm, tumbled 7.5 percent to 7.70 dirhams
Monday, 24 February 2014
Foreigners currently own 4.35 percent of Dubai’s Union Properties
Sunday, 17 November 2013
The UAE is imposing new regulations to set limits on mortgage lending, an attempt to prevent another properties market crash
Tuesday, 12 November 2013
Part 1: A Reuters investigation details a key to the supreme leader’s power: a little-known organization created to help the poor that morphed into a business juggernaut worth tens of billions of dollars. The 82-year-old Iranian woman keeps the documents that upended her life in an old suitcase near her bed. She removes them carefully and peers at the tiny Persian script. There’s the court order authorizing the takeover of her children’s three Tehran apartments in a multi-story ...