Dubai dwellers pay more for access to schools and shops

Community facilities such as schools, shops and other social infrastructure can increase prices of Dubai homes by up to 30 per cent when compared with standard residential property, according to a new Colliers report. The study found communities with a mix of three or more different classes of income-generating properties – schools, offices, retail, hospitals

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Drake & Scull appoints acting finance head

Dubai-based contractor Drake & Scull International (DSI) said on Tuesday it has appointed a new acting chief financial officer to assist with its capital restructuring and ongoing negotiations with its lenders. The company has hired Feras Kalthoum as its acting chief fin­ancial officer, with immediate effect. Mr Kalthoum has more than 18 years of executive

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Float still on the cards, says ASGC chief executive

Al Shafar General Contracting (ASGC), the Dubai builder with a projected turnover of US$1 billion this year, is still planning an initial public offering but it is waiting for market conditions to improve, according to its chief executive. The 28-year old firm is still keen on the UAE, which accounts for nearly 90 per cent

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