New projects to lift UAE growth

After weathering the turbulence caused by low oil prices, the UAE has managed a soft landing with non-oil real gross domestic product growth bottoming out as the fiscal drag eased and infrastructure activity picked up, analysts at Bank of America Merrill Lynch said. Read more…

From water homes to floating free zones

How far can the floating homes concept go? In Dubai, as a number of floating real estate projects have been announced, including luxury residences, some experts believe these could lay the groundwork for more elaborate large-scale developments, such as floating free zones and communities. Read more…

Construction starts on $8.1bn Dubai Wholesale City mega project

Dubai Wholesale City, the largest wholesale hub in the world, has announced the beginning of excavation works as construction of the AED30 billion ($8.1 billion) project gets underway. Dubai Wholesale City said in a statement that it has appointed Port Saeed Transport & Building Contracting Company to execute site works which will include, levelling, grading and… Read More Construction starts on $8.1bn Dubai Wholesale City mega project