The demand for homes and offices in Dubai will continue to exceed supply in the coming years, a leading UAE-developer said, the latest to dismiss theories of a bubble in the emirate’s real estate market. Mehdi Amjad, president and chief executive of Omniyat Holdings and Omniyat Properties, said the imbalance between supply and demand in Dubai's buoyant real estate market is expected to continue well into the next decade. (Photo by Getty Images)
Dubai’s largest listed contractor, Arabtec, has been on shaky foundations for the past two years, recording losses for six consecutive quarters. But Raja Hani Ghanma, CEO of its construction subsidiary, explains how the company is gradually building back up to profit.