Construction & Real Estate

Empower net profit up 16.2pc in H1; revenue soars to $413m

Emirates Central Cooling Systems Corporation (Empower) has recorded solid results for the first half of 2026 with a 16.2% jump in its net profit, while its revenue rose to AED1.52 billion ($413 million) mainly driven by the growing demand for cooling services across Dubai....

Construction & Real Estate

Metal Park adds 700,000 sq ft of industrial capacity in Phase Two

Metal Park, a 500,000 sq m ecosystem established in 2021 in Abu Dhabi, has kicked off the second phase of its integrated industrial ecosystem, following its successful Phase One launch. The new expansion will introduce more than 700,000 sq ft of industrial units dedicated to metal processing and fabrication. ...

Construction & Real Estate

Dubai, Abu Dhabi see robust demand for ultra-luxury homes

The prime UAE real estate markets of Dubai and Abu Dhabi have reported strong demand for ultra-luxury residential properties, thus reflecting growing investor confidence and an increasingly selective market where capital is concentrating in key locations and credible developments, said an industry expert. ...

Construction & Real Estate

Dubai office sales values double to $3.57bn, transactions up 53% in 2025

Dubai office sales values more than doubled to reach AED13.1 billion ($3.57 billion) in 2025, as the sector delivered its strongest annual performance since 2014, says leading real estate advisory and property consultancy, Cavendish Maxwell. ...

Construction & Real Estate

Nabni announces full sell-out of its 166-unit Dubai residential tower

UAE-based Nabni Developments has confirmed the complete sell-out of its newest residential project, Nabni Avenue 7 in Dubai’s Al Furjan community. A 12-storey residential building, it features 166 apartments with a mix of one, two and three-bedroom units as well as other amenities. ...