Construction & Real Estate

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Shayne Nelson said that the UAE attracted safe investments from the likes of Iraq and Syria (File/AFP)
August 28, 2014 - 10:22 GMT
With turmoil continuing in the Middle East, the UAE has been the safe haven for many people in terms of property and flights, according to a senior banker.

August 18, 2014

The Saudi woman should be the sole breadwinner for the family and not her husband. In the second case,
04:55 GMT

The housing crisis in Saudi Arabia is considered to be one of the biggest problems in society as over 70 percent of Saudi nationals do not own their own homes.

August 14, 2014

 Drake & Scull’s profit for the period dropped to 25.9 million dirhams from 44 million dirhams a year earlier.
23:25 GMT

“The payment situation for contractors hasn’t improved since the beginning of 2013” even as the Dubai economy strengthens,

August 13, 2014

New tenants are exempted from any cost adjustments for three years from the start of their tenancy contract.
22:40 GMT

Sharjah residents have been advised to report to the municipality any unnecessary rent increases imposed by their landlords.

UAE nationals topped the list with Dh12.5 billion ($3.5 billion), .
20:06 GMT

Investors from the Gulf Cooperation Council (GCC) states spent more than Dh19 billion ($5.17 billion) on real estate projects in Dubai, UAE, during the first half of the year, a report said.

August 7, 2014

Camels in Downtown Dubai
10:18 GMT
(press release)

The majestic and graceful stride of the Arabian camel is taking centrestage in Downtown Dubai, with Donald Greig’s new life-size sculpture titled ‘Camels.’

August 3, 2014

“Inclusion of more better and firmer laws to secure money will further boost investor confidence in the market,”
19:33 GMT

The property market in Dubai is stable and moving towards becoming a more matured market due to “significant steps” adopted by the real estate regulator and the Central Bank of the UAE.

Mohammed Sultan Al Qadi, Managing Director and CEO, RAK Properties
09:35 GMT
(press release)

RAK Properties has reported excellent performance for the first half of 2014, earning net profits worth AED 52 million, during its recent board meeting held at the company’s offices in RAK.

July 23, 2014

The department store will be the largest in the GCC region (Image: Aldar Properties)
10:19 GMT

Aldar Properties will join forces with Chalhoub Group to create the regions biggest department store in Abu Dhabi's Yas Mall.

Over 300 investors from across the globe visited Damac venues across the UAE (File)
08:38 GMT

Leading housing developer Damac Properties announced that all units from the luxury Loretto project sold out in one evening.

During the event
08:16 GMT
(press release)

TASWEEK Real Estate Development and Marketing has involved various US companies in different segments to introduce and endorse the Dubai Smart Living City during its visit to the USA.

Loretto event
07:52 GMT
(press release)

The latest project to be launched by luxury real estate developer, DAMAC Properties, has sold out in just one evening.

July 21, 2014

“Saudi businessmen who visit Jordan for investment and trade often fall victim to fraud,” he explained, adding: “We strongly advise our citizens to seek legal consultation here in the embassy free of charge.”
15:10 GMT

“Houses and farms are still being maintained and have been registered via official documents since the Saudi Embassy had been established in Damascus,” he said.

July 20, 2014

Revenue generated through rents during the first half of the year increased by 39 per cent to Dh32.5 million, according to the company.
15:54 GMT

The Kuwait- and Dubai-listed company said the results were due to increased occupancy rates in recently completed residential developments and strong rental yields.

Shaikh Zayed Road is one of Dubai’s biggest highways, with six lanes in each direction.
14:20 GMT

The flow of traffic on the busiest highway in Dubai will not be impacted and the number of lanes will be kept the same, the RTA has said.

RAK Properties Iftar dinner
10:50 GMT
(press release)

RAK Properties PJSC, Ras Al Khaimah's (RAK) biggest property developer listed on the Abu Dhabi Stock Exchange, hosted a special Iftar dinner for its employees at the Waldorf Astoria in the emirate.