Construction & Real Estate

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Meanwhile apartment rents climbed by 29 per cent in the first nine months of 2014.
November 27, 2014 - 13:28 GMT
Tenant demand in the residential market was found to be largely fuelled by reverse migration from Dubai and Dubai firms increasingly turning to Sharjah for bulk staff housing

November 16, 2014

Drake & Skull made profits of $4.38 million in Q3, according to a Reuters poll. (AFP/File)
08:45 GMT

Leading construction and integrated design firm Drake & Skull profits dropped by 10 percent in the third quarter of 2014.

November 12, 2014

GEMS School Opens at The Villa Community
09:39 GMT
(press release)

Real estate developer, Dubai Properties (DP), has tied up once again with GEMS Education for the recent opening of the new GEMS FirstPoint School in its residential community The Villa, in DUBAILAND.

Kuwait's real estate growth was supported by a strong performance in the investment sector. (AFP/File)
09:07 GMT

Real estate growth in Kuwait grew by 16 percent year-on-year to $1.27 billion in September after a slow summer, according to a report.

November 11, 2014

The building has featured in a number of films including boy wizard adventure “Harry Potter and the Half-Blood Prince.”The new purchase price was not disclosed Monday, though the Financial Times reported it had been sold for 726 million pounds, citing sources.
18:21 GMT

The new purchase price was not disclosed Monday, though the Financial Times reported it had been sold for 726 million pounds, citing sources.

November 10, 2014

Dubai Creek Harbour
10:13 GMT
(press release)

Following the overwhelming investor response to the launch of the first residential tower in Dubai Creek Harbour at The Lagoons, a joint venture development by Emaar Properties and Dubai Holding, two additional luxury towers with over 240 residences are being launched at a sales event.

DAMAC Towers by Paramount Looks out Across the Burj Area in Dubai
06:53 GMT
(press release)

The iconic US$1 billion DAMAC Towers by Paramount resort in the Burj Area of Dubai has already passed the 16th floor of construction on each of its four towers, according to developer, DAMAC Properties.

November 4, 2014

Non-Jordanian investors registered 4,263 buying transactions, 2,899 for apartments and 1,364 for lands.
13:57 GMT

Apartment transactions value reached JD256.4 million constituting 64 per cent of the total transactions.

Masood Al Awar, CEO, TASWEEK Real Estate Marketing and Development
09:05 GMT
(press release)

TASWEEK has announced that the 160-bed private hospital forming part of the Marrakesh Healthcare City development in Morocco’s third largest city will be completed by Q4 of this year and commence operations by the first half of 2015.

DPG Celebrates UAE Flag Day at Business Bay Offices
08:53 GMT
(press release)

Dubai Properties Group (DPG), master developer of world class destinations in Dubai including Business Bay, DUBAILAND, JBR and Culture Village, celebrated the UAE’s Flag Day at its Business Bay Office yesterday.

November 3, 2014

RAK Properties
12:17 GMT
(press release)

RAK Properties joined the whole nation in celebration of UAE Flag Day today with a flag raising ceremony at Julphar Towers, located right in the heart of the city.

November 2, 2014

Rental rates across Sharjah grew two per cent quarter-on-quarter during Q3 2014.
13:45 GMT

Real estate market values in Sharjah and the other northern emirates are largely dictated by what is happening in neighbouring Dubai.

Dubai Wharf Project
05:58 GMT
(press release)

Dubai Properties (DP) has appointed the Engineering Contracting Company (ECC L.L.C) as the lead contractor for the 800 million dirham project.

These stadiums, which will have a capacity of 45,000 spectators, will be built on the lines of the hitech King Abdullah Sports City located 50 km from Jeddah,
04:55 GMT

Aramco has been ordered by Saudi monarch King Abdullah to build these stadiums

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.