Dubai Expat Blog
An Expat Perspective on Dubai and UAE

Posts tagged "Damac"

List of Cancelled / On Hold Real Estate Projects in Dubai

Here is a list of cancelled / on hold real estate projects in Dubai. The developers include Nakheel, Tatweer, Meydan, Tameer, Sama Dubai and Damac amongst others.

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Posted by Dubai Dude - January 31, 2009 at 11:00 pm

Categories: Living in Dubai   Tags: , , , , , ,

At Least 3,200 Job Cuts in Dubai

Finally the mainstream media is coming out with numbers of job cuts in Dubai.

- WS Atkins, a leading British engineering consultancy firm working on Burj Al Arab, have laid off 170 professionals.
- Dubai Labour Supply Company (Dulsco) has laid off 800 workers in two batches.
- Mizin, a real estate development company under Tatweer have also allegedly made 50 people redundant.
- Universal Studios in Dubailand have also let go of as many as 50
- In November master-developer, Nakheel, was the first to shed its human resources, getting rid of 500 people.
- Developer Damac then announced it had let 200 people go, Omniyat 69 Tameer 180 and Better Homes made 50 people redundant.
- Around 35 people had also been sacked from WSP and 15 from the Burj Dubai project at Hyder Consulting. Al Shafar General Contracting also shed nearly 1,000 staff members.

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Posted by Dubai Dude - January 16, 2009 at 10:28 pm

Categories: Business in Dubai, Living in Dubai   Tags: , , , , , , , , , ,

Property and Real Estate Companies Cutting Jobs in Dubai

NakheelDubai has felt the heat of global recession and at least property and real estate sectors are already in downsizing mode.

Nakheel, Dubai’s real estate master developer, made 500 people (or 15 per cent of its global workforce) redundant while scaling back projects.

This is the second biggest confirmed job cut in the UAE so far, and comes after two developers, Damac and Omniyat confirmed a total of 269 – 200 by Damac and 69 by Omniyat.

All other major developers have earlier said they are revising headcount downwards, as business activities in Dubai’s real estate has come close to a near halt.

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Posted by Dubai Dude - December 1, 2008 at 1:21 am

Categories: Business in Dubai   Tags: , , , , ,