Construction & Real Estate

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Buying a home is a dream for many, however the financial commitment can be daunting (Shutterstock).
September 18, 2014 - 04:55 GMT
That “dream” home can quickly turn into a nightmare if you’re constantly struggling to make payments on it.

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).

September 1, 2014

The Saudi Ministry of Housing has rejected more than 300,000 applications for housing, while accepting more than 620,000 applications deemed eligible for the housing aid.
04:55 GMT

The shunned applicants argued that most of the rules by the Ministry of Housing are not clear.

August 31, 2014

There could be a possibility of overheating in the market according to the Qatar National Bank's report (Image: Real Estate Qatar)
07:45 GMT

Real estate prices in Qatar continue to rise with average prices of both commercial and residential properties increasing by 20 percent since September 2008, according to data from the Real Estate Price Index.

Emaar Properties
07:11 GMT
(press release)

Emaar Properties today announced its intention to proceed with the sale of existing shares in Emaar Malls Group via an initial public offering on the Dubai Financial Market.

The irrigation minister added that additional studies would determine whether the projected height of the dam – along with its storage capacity – would have any negative consequences for Egypt.
04:55 GMT

Relations between Cairo and Addis Ababa soured last year over Ethiopia’s construction of the $6.4-billion hydroelectric dam on the Blue Nile.

With a population of 1.8 million, Gaza is a densely populated coastal strip of urban warrens and agricultural land that still bears the scars of previous rounds of fighting.
04:55 GMT

Any effort to rebuild Gaza will be hindered by a blockade imposed by Egypt and Israel since the Islamic militant group Hamas seized power in 2007

August 28, 2014

Dubai Expo 2020 is expected to host up to 300,000 visitors during peak time (Image: Khaleej Times)
06:58 GMT

Planning for Dubai Expo 2020 has entered the next phase, organizers said in a statement Wednesday.

August 27, 2014

Residential rents dropped by 2.9 percent in the first half of 2014 (File/AFP)
12:26 GMT

Dubai residential rents have dropped slightly in the first half of 2014 by 2.0 percent according to a recent report from the Phidar's House Price Index.

Construction represents an increasing share of overall gross domestic product (GDP)
11:55 GMT

The construction sector grew 2% while the cost of key materials including cement, ready mixed concrete, and reinforcement steel grew over 6% in the last quarter,

AKOYA Oxygen
08:04 GMT
(press release)

One of Dubai’s leading luxury developers, DAMAC Properties, has brought forward the second release of units at its latest master development, AKOYA Oxygen, following ‘unprecedented’ customer demand.

The project is due to be completed in late 2015 (Image: Tecom Investments)
07:50 GMT

Tecom Investments launched a new 440-villa project close to its DuBiotech business park in Dubai, due for completion in Q4, 2015, according to the National.

August 26, 2014

A construction site in Beirut displays a huge banner for a building, August 12, 2013 (File/AFP)
09:31 GMT

Figures for construction permits being issued in Beirut dropped slightly by 0.2 percent in 2014. Numbers varied for other cities and towns across Lebanon.