Construction & Real Estate

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Such difficulties illustrate the perils of the Gulf's construction market
October 30, 2014 - 13:37 GMT
Builders are now scrambling to obtain loans and digging into cash reserves for money to tackle the projects.

October 30, 2014

Dubai Downtown
04:58 GMT
(press release)

Emaar Properties recorded a net operating profit of AED 2.489 billion (US$ 678 million) during the first nine months of 2014, driven by robust financial fundamentals, surging investor confidence and Dubai’s strong economic growth.

Top officials said that they are not looking at demand on a year by year basis but what happens over the longer term.
01:00 GMT

Dubai is aiming for another notch in the “tallest” stakes by building what would be the world’s tallest twin towers.

October 28, 2014

The IMF had previously warned that rapid rises in Dubai real estate prices, which earlier this year were in some cases a third higher than they were 12 months previously.
16:50 GMT

Increases in Dubai's property prices have moderated quite a lot and the International Monetary Fund (IMF) is now less concerned about them than it was in May

October 27, 2014

Dubai Creek Residences
10:47 GMT
(press release)

The unmatched serenity of waterfront living along the historic Dubai Creek and spectacular vistas of the city’s glistening skyline differentiate the newest residential property launch by Emaar Properties and Dubai Holding.

October 21, 2014

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
10:18 GMT
(press release)

TASWEEK Real Estate Development and Marketing has announced that work on the third unit investment of an 11-villa resort being developed under a joint venture with Casabrina Vacation Villas has begun.

Manazel AlKhor
10:08 GMT
(press release)

Real estate developer, Dubai Properties (DP), has announced the completion of a number of key construction milestones in Manazel AlKhor development.

October 20, 2014

The bright and airy reception which welcomes every guest to Canal Views
10:48 GMT
(press release)

Leading real estate developer DAMAC Properties has opened a 211 deluxe hotel suites tower in the Burj Area of Dubai.

Average apartment and villa rental rates dropped by two per cent and three per cent respectively compared to second quarter figures.
04:55 GMT

Dubai’s real estate sector registered a slowdown in rents and sales prices during the third quarter of the year.

October 19, 2014

The company, which saw annual revenues of over $4.5 billion in 2013, employs 130,000 people and conducts operations across the Middle East, Africa, Asia and North Americ
23:08 GMT

CCC, one of the largest construction companies in the Middle East, was founded by Khoury in 1952 along with his cousin Hasib Sabbagh and Kamel Abdul-Rahman.

October 16, 2014

Key government agencies will present a snapshot of opportunities across Oman’s high growth sectors as well as the strategic roadmaps for the development of each sector.
00:52 GMT

As much as $145 billion worth of projects are currently under way or will be awarded in Oman, according to MEED projects, the region’s leading projects tracker.

October 15, 2014

Commercial and residential properties will be available after the multi-million dollar city is completed (Image: Seidco)
11:34 GMT

The UAE's government will commence work on the $381 million Sheikh Mohammed bin Zayed residential city in Fujairah, according to a report.

DAMAC Towers by Paramount Looks out Across the Burj Area in Dubai
07:55 GMT

Luxury real estate developer, DAMAC Properties has signed an exclusive deal with Paramount Hotels & Resorts (PHR FZ-LLC) to expand its branded hotels and serviced living concepts to new cities around the region.

October 13, 2014

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
08:52 GMT
(press release)

TASWEEK Real Estate Development and Marketing’s latest comprehensive market intelligence report shows a robust real estate sector during Q3 2014 in step with the UAE’s surging economy.

October 12, 2014

The government was “taking a diverse” approach to funding the infrastructure demands of Expo 2020 but declined to state specific details.
04:55 GMT

As part of its bid the emirate has earmarked billions of dollars of infrastructure investment including an extension of the metro rail link, new hotels and roads.

October 10, 2014

With the World Cup just eight years away, the likelihood is that the market is only going to become bigger, it added.
01:15 GMT

With the World Cup just eight years away, the likelihood is that the market is only going to become bigger.