Price increases are directly impacting project plans, with many developers making significant adjustments to maintain viability
Dubai construction sector
Latest in Dubai construction sector
Dubai
Dubai real estate: Majid Al Futtaim appoints Dutco Construction for $427mn Serenity Mansions project
Serenity Mansions is positioned as the pinnacle of luxury living within Majid Al Futtaim’s flagship lifestyle destination in Dubai, designed for the most discerning clientele
Dubai
Dubai real estate: Palma Development’s Serenia Living on Palm Jumeirah reaches 70% completion
The beachfront development, located on the crescent of the island, is scheduled for completion by the end of 2025
Drake & Scull International
Drake and Scull submits clarification on Arabian Hills contracts to DFM
Says the AED1 billion project will be financed through its cash resources and available bank facilities; Profit margin to range between 8-10%
Drake & Scull International
Dubai construction giant Drake & Scull International bags 2 major contracts for Arabian Hills Project
The combined value of the project contracts is estimated to exceed AED 1 billion
ALEC Engineering and Contracting
Dubai real estate: Nakheel awards $490m contract for Como Residences construction in Palm Jumeirah
Nakheel issues Dubai construction contract for Como Residences in Palm Jumeirah