Construction & Real Estate

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Demolition has begun on Al Rayyan Stadium that will be rebuilt to increase seating capacity from 22,000 to 40,000.The cooling technology was tested this summer at cooled, open-air fan zones at Katara Beach (Doha) and at the Aspire Zone Foundation.
Today
Additionally, demolition has begun on Al Rayyan Stadium that will be rebuilt to increase seating capacity from 22,000 to 40,000.

September 17, 2014

Mohammed Sultan Al Qadi, Managing Director and CEO, RAK Properties
09:58 GMT
(press release)

RAK Properties PJSC, Ras Al Khaimah's (RAK) biggest property developer listed on the Abu Dhabi Stock Exchange, will showcase their latest residential offering, Bermuda Villas.

 These meetings form part of the mandatory updates required to be provided to the BIE as Dubai prepares for the submission of all requirements to seek formal approval at the next critical registration phase in November 2015.
05:55 GMT

The expansive Dubai Trade Centre-Jebel Ali complex features a centrepiece Dubai Expo 2020 gated facility spread across 150 hectares and a surrounding residential, hospitality and logistics zone.

September 16, 2014

Shares in Arabtec jumped 3.7 per cent on Monday following a report that its former chief executive Hasan Ismaik had agreed to sell half of his 27.9 per cent stake in the firm to Abu Dhabi state fund Aabar Investments.
15:45 GMT

Arabtec "does not have the information" on such a deal, it said in a bourse statement.

September 14, 2014

Since Dubai's 2009 financial crisis, Emaar's retailing business has benefited from a strong rebound in the emirate's economy on the back of a tourism and trade boom.
21:24 GMT

Dubai's Emaar Properties is seeking to raise as much as Dh5.8 billion ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008.

September 11, 2014

"It's become obvious that workplace safety is a vital issue. A plan of action will be put together and unveiled," Arinc, who is also the government spokesman, told reporters.
04:55 GMT

A decade of rapid growth has fuelled a construction boom in Turkey but worker safety standards have failed to keep pace

“Saudi Arabia has already shown strong interest in strengthening its green building presence."
04:55 GMT

International experts expect to see more organizations in Saudi Arabia take action to make existing buildings more efficient.

September 9, 2014

Mudon
11:31 GMT
(press release)

The development company of Dubai Properties Group (DPG) has today, finalised a strategic agreement with GEMS Education to open a new British curriculum school located within the community.

BLVD Heights
08:32 GMT
(press release)

Building on the strong demand for residential apartments in Downtown Dubai, the world’s most visited lifestyle destination, Emaar Properties PJSC has unveiled BLVD Heights, comprising two residential towers connected by a podium.

September 7, 2014

The new causeway, a terrestrial link, will be called the “King Hamad Causeway”.
14:08 GMT

The new link is expected to consolidate economic, social and cultural relations and cooperation between Gulf Cooperation Council (GCC) countries, of which Saudi Arabia and Bahrain are members.

Some economists have concerns about banking liquidity after the issuance of the investment certificates.
13:52 GMT

Ramez said that banking liquidity is safe and has not been affected by the certificates’ financing.

September 4, 2014

The UAE ranked first in the world for quality of roads, according to a report prepared by World Economic Forum (Film/AFP)
12:30 GMT

The UAE has the best roads in the world in terms of quality, according to the Global Competitiveness Index (GCI) for 2014-2015.

September 3, 2014

Middle East airport traffic grew by 9.2 per cent in July (File/AFP)
13:20 GMT

Middle Eastern airlines recorded the strongest growth in passenger traffic in July with a 9.2 per cent rise, according to a report.

Crystal Lagoons Corp is the world's leading company for luxury lagoons and resorts (Image: Hospitality Business)
12:19 GMT

The leading world developer of giant crystalline lagoons has unveiled a massive 8-hectare project in the Prince Sultan Cultural Centre to build hotels, a medical city, educational facilities, villas and apartments.

September 2, 2014

Residential properties posted a 34.5 percent growth in July - a significant increase from 2013 (File/AFP)
08:42 GMT

Residential property prices increased by 34.5 percent in July, compared to the previous year.

The statement added that regardless of ownership, whether it is the husband, wife or minors, the property will be taxed.
05:50 GMT

“Incapable citizens” should submit requests to the Real Estate Taxation Authority (RTA).