Emaar Properties says it has become the first property development company in the UAE to offer luxurious homes to individual investors at its newest property, the 16-storey Emaar Towers, in the heart of downtown Dubai.

The Palm project will celebrate the completion of its first structure in less than one month with the final touches now being made to its sales office.

Gulf Traffic, the region's major vertical conference and exhibition for the Middle East's traffic and transport industry held in Dubai for the first time last month, will move to a new venue next year to cater for an anticipated 350 per cent increase in floor space demand.

The Dubai International Financial Centre has named Hyder Consulting as the civil and structural engineering designer for its proposed Gateway Building. The $40 million building will serve as the headquarters for the Dubai International Financial Centre and will be the first in the proposed multibillion-dollar financial district.

The Majid Al Futtaim group (MAF) and Dalkia International have set up a joint venture to create a new energy and facilities management company to service the Middle East.

A new joint venture business, Power Developments International FZCO, has been formed as a result of an alliance between two leading international businesses to provide cost-effective power generation solutions worldwide.