No injuries reported but investigation launched into collapse of six-storey commercial complex under construction
A building under construction in Dubai collapsed over the weekend. It is understood that no one was injured in the accident.
The contractor …

A top contractor employed on the Burj Dubai has sought legal advice for a mammoth US $4.1 billion (AED15 billion) claim related to work it carried out on the world’s tallest tower, Construction Week can …

A recovery in the Dubai real estate market might not happen until late 2011 as a result of subdued investor sentiment, according to a new report by EFG Hermes.
Analysts at the Egypt-based investment bank, in …

Burj Dubai, Worlds Tallest Building

Giant Dubai developer Emaar Properties said on Monday it plans to hire 1,600 new employees despite being hard hit by the financial crisis and as thousands are losing their jobs in …

Almost two thirds of those responding to an online poll have warned that official rental indexes could prevent tenants from being able to secure the cheapest deals.
The poll was carried out by Arabian Business on …

Al Shafar General Contracting admits overstaffing to cater for expected growth
A Dubai construction firm is planning to lay off up to 1,000 jobs in the first couple of months of next year.
Al Shafar General Contracting …

EFG Hermes on Monday confirmed that real estate prices are falling in Dubai and said it could take more than two years for prices to pick up.
“We don’t really have an understanding of the full …

Dubai builders are in talks to slow down the pace of construction on many contracts to give developers more time to raise finance and avoid having to make more drastic adjustments to their plans.
The move …

Aeroplanes, cars, mobile phones and more. As developers vie for customers, adding incentives and perks to properties is becoming a common weapon to encourage investors to part with their cash.
Private developer Damac pioneered this trend …

The classified ads in Dubai read like an obituary for a real-estate market that until a few months ago seemed immune from the global credit crisis.
A Turkish investor, who identified himself as Sebat, took out …