Construction & Real Estate
January 28, 2015
Qatar Investment Authority (QIA) and partner launched a 350 pence-a-share offer direct to Songbird shareholders in December, hoping to add a financial district rivaling the City of London to landmarks already in its portfoli
“What’s happening right now is not a case of the property market bubble bursting ... but of deflating gently.”
Drake & Scull Engineering (DSE), the engineering subsidiary of Drake & Scull International PJSC (DSI PJSC), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, and Oil and Gas, and Water and Wastewater Treatment, has been awarded a AED 198 million MEP contract on an upcoming hotel and serviced apartment complex.
Qataris emerged the largest buyers of the property in neighbouring Dubai, UAE, with a per capita investment of Dh9.37 million ($2.55 million).
January 27, 2015
Bayut.com, a leading Dubai property portal, is proud announce the launch of its eagerly awaited android app for real estate enthusiasts.
January 25, 2015
Dubai real estate giant Nakheel, hit badly during the global debt crisis, said Wednesday its profits surged 43 percent on year in 2014 to $1.0 billion.
January 22, 2015
Hundreds of low-income Emirati families caught up in debt or unable to sustain their needs will be given new accommodation and have their needs addressed.
January 20, 2015
A section of the channel Egypt is building parallel to the Suez Canal suffered leaks in the early hours of Monday, causing no injuries.
TASWEEK Real Estate Development and Marketing, an advisor and solutions provider serving the property markets, is considering a new joint venture for building a new 26-hectar mixed-use housing, retail and hospitality complex in Indonesia.
January 17, 2015
Meanwhile, an İstanbul court ruled in November of last year to halt the construction of a number of buildings in the coastal area of İstanbul's Ataköy neighborhood
January 14, 2015
Consecutive Egyptian governments have vowed to develop the informal areas where millions of Egyptians live without basic services such as clean water and sewage.
January 13, 2015
Kuwait’s government has set apart KD45.5 billion ($155 billion) in the country’s five year developmental plan to spend on various projects and on human resource development.
January 11, 2015
DAMAC Properties has donated AED one million to the #UAECompassion campaign, to support thousands of refugees in Jordan and Lebanon hit by the ‘Huda’ across the Levant region.
January 7, 2015
Dubai Properties Group (DPG), master developer of world class destinations in Dubai including Business Bay, DUBAILAND, JBR and Culture Village, recently hosted a graduation ceremony.
Dubai-based construction firm Arabtec has denied media reports that it is looking for prospective acquisition targets.