Construction firm Laing O’Rourke plans to add up to 4,500 more staff to its operations in the Middle East next year. The largest private construction company in the UK, it has said that its future growth will be in the GCC. The company currently employs just over 4,000 people in the Middle Ea...
Dar Al Arkan launches its Qasr Khozam development today. The new town in Jeddah, Saudi Arabia is a 4 million square metre area of land that also incorporates the palace of the late King Abdulaziz bin Al Saud. The development is expected to take six years to complete and will be done in phases. The m...
Dubai-based ACI Real Estate has launched a Dhs3bn tennis academy and resort in the UAE emirate of Ras Al Khaimah along with tennis legend Boris Becker, who holds a 50% partnership in the academy and part ownership in the rest of the resort. The Boris Becker Beach Resort and Tennis Academy is ACI...
Dubai's attorney general said yesterday that former Deyaar chief executive Zack Shahin may remain in custody until the prosecution has completed its investigation, reported Khaleej Times. The detention of Shahin, who is under investigation for alleged financial irregularities, was extended for ...
Dubai-based Nakheel and The Land Holding, a Saudi Arabian developer, have signed an agreement to form a joint venture company for the development of projects at Waterfront, a Nakheel coastal master-development. According to Yousuf Kazim, the managing director of Nakheel Joint Ventures, the new compa...
Are you tired of buy to let and fly to let and are looking for an alternative for your property investment portfolio how about diversifying into commercial investment property?
A number of investors are beginning to develop a range of commercial investment property opportunities particularly in the hotel and office sectors which are ideal for investors seeking diversification.
Demand for office space in Dubai will outstrip supply in 2007, according to Tamweel CEO Adel Al Shirawi and cited by Gulf News. Research carried out by the home financing firm has revealed demand will jump by 5.7m sqft next year. Al Shirawi added that, due to many developments focusing on residential needs, not enough commercial projects will come on stream next year to meet the hike.
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