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Arabian Construction secures AED 2 bn contract for Design Quarter development from Meraas
Plus: Moody’s upgrades RAK Bank’s outlook
More signs of a looming price correction in the property market?
The index saw villa values climb 2% monthly, while apartment prices rose 1.2%
THIS MORNING: Adnoc’s XRG plans “significant” investment in natural gas assets in the US + eight IPOs this year?
Plus: Dubai is getting a sports and entertainment freezone cluster
Dubai’s property market rally nears record highs + Another regional business hub contender?
The 50-month rally is approaching the 57-month record set before the 2008 crash
Office lease rates rise in 2024 as space runs out -Knight Frank
Dubai’s office lease rates in main office districts surged 24.3% y-o-y in 2H 2024
Dubai is top greenfield FDI destination for fourth consecutive year
This year is expected to see moderate growth for new projects
THIS MORNING: Adnoc eyes acquisitions of natgas fields in the US -report + Sharjah’s economy to grow 7.5% this year?
Plus: GCC Interconnection to award tender for UAE expansion within two months
Dubai home prices jumped 19.1% in 2024 as listings fell 30%
Knight Frank forecasts 5% growth for mainstream residential prices in 2025, down from its earlier 8% forecast
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