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Nakheel awards Dh595m contract for Nad Al Sheba Mall. Nakheel has awarded a contract of Dh595 million for the Nad Al Sheba Mall, a 1.4 million square foot facility that has a total development value of Dh825 million. Metac General Contracting Co will build the mall, which will have 200 shops, restaurants and entertainment outlets…
Arabtec profits more than triple to Dh63.6m. Arabtec Holding saw its profits more than triple in the first quarter of 2018 to reach Dh63.6 million, up from Dh17.6 million in the same quarter last year. The jump came as the Dubai-listed construction company continues to implement a turnaround plan and as profit margins increased in…
Damac Towers by Paramount nearing completion Damac Properties, a leading luxury property developer, said its four-tower master development Damac Towers by Paramount, is nearing completion, after logging a record 25 million safe worker hours, eight times more than the industry average of 3 million hours. The record marks almost 2,000 days of incident-free work, a…
Homefront: ‘Rents are coming down, so how can I get my landlord to budge?’ I’m reading that rents have come down but my landlord won’t budge and is still insisting on a 5 per cent increase on my apartment in Abu Dhabi. I have neighbours that have just moved into the building that pay Dh10,000…
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