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Dubai Rents Rise In 2012

The rental rates for apartments and villas rose by one per cent in Q1 2012 compared to Q4 2011, according to Asteco.

Emaar Apt Sales Fell 85% In 2011

The Dubai-based property developer saw overall revenues for 2011 falling by 33 per cent compared to 2010.

UAE Needs To Improve Workers Rights

While authorities have taken steps to improve the rights of workers at Saadiyat island, more is needed, says Human Rights Watch.

Emaar Proposes 10 Fils Dividend

The property developer said that it will discuss the proposal with shareholders during its annual general meeting on April 23.

UAE Cuts Amlak Debt By $1.1bn

However, the UAE Economy Minister said that resuming trade in Amlak stocks will take more time.

Emaar Reshuffles Board

The Dubai-based property developer retained four of its current eight board members and added seven new members.

Arabtec To Hire “Thousands”

The Dubai developer also said that its funding needs have eased, and that it has no plans to renew talks with Aabar for a stake sale.

Sorouh Elects New Chairman

The Abu Dhabi property developer, which is eyeing a possible merger with Aldar, replaced its chairman last week.

Aldar, Sorouh Dealings “Transparent”

The merger talks between the two Abu Dhabi-based developers are in compliance with corporate governance, a senior official has said.

World Developers Offered Refund

Thailand island investors on The World development have been offered a full refund.

ADX Denies Trade Inquiry

The Abu Dhabi Securities Exchange has denied reports that it’s going to investigate trading patterns of Aldar and Sorouh.

Investcorp Buys US Properties

The Bahraini investment company has acquired a portfolio of properties in the San Francisco Bay Area for $65 million.

Dubai Mulls Essex House Hotel Sale

Government-owned Dubai Group is currently reviewing the potential sale of the Manhattan-based property.

Aldar, Sorouh Eye Merger

The UAE-based property developers are discussing ways to merge in a government-backed tie-up.

A Tale Of Two Hotels

Dubai will soon welcome two large hotels located in close proximity. But will they be able to co-exist and attract enough demand?

Hilton Eyeing MENA Growth

The hotel group has 15,000 rooms under development in the MENA region and is planning further expansion.

Drake & Scull Wins India Contract

The utilities unit of Drake & Scull International has won the Dhs100 million contract to set up a water system for a thermal power station in India.

Aabar raises Arabtec Stake

The move makes the Abu Dhabi-based sovereign wealth fund one of the largest shareholders in Arabtec.

Investcorp Close To Selling US Mall

The mall is part of a mixed-use development project located in Bellevue, Washington, that Investcorp invested in five years ago.

UAE To See $15bn Deals In 2012

Construction contracts worth $15 billion will be signed in the country this year according to Ventures Middle East.

Qatar’s UDC In Investor Talks Again

The company’s plan to raise QAR160 million through a share issue had ended after an investor pulled out.

Tackling Runaway Rent

Do landlords in the UAE have a legal recourse to retrieve fees from absconding tenants?

Abu Dhabi Hotel Demand Is A ‘Concern’

The capital emirate’s initial plans are being redrawn with much longer completion dates announced.

HLG Wins $515mn Habtoor Contract

The Habtoor Leighton Group (HLG), part of Australian firm Leighton, will work on the $1.3 bn Habtoor Palace project.

Dar al-Arkan To Repay $990mn

Saudi Arabia’s biggest property developer, Dar al-Arkan, plans to repay 3.7 billion riyals of debt this year, said CFO .

Saudi Arabia’s Lost Cities

The New Economic Cities announced six years ago are yet to begin contributing to Saudi’s economy.

Emaar 2011 Profit Falls 27%

The company’s net profit in Q4 2011 increased by 161 per cent year-on-year.

US Firm Wins $8.2bn Qatar Contract

Colorado-based CH2M Hill has won the FIFA World Cup construction management contract.

World’s Tallest Tower In Dubai

Tameer Princess Tower is the highest residential building on earth at 414 metres.

Qatar Acquires Two Raffles Hotels

Qatar Nationals Hotels Company took over properties in Paris and Singapore.