Construction & Real Estate

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Technology will play a critical role in the implementation of these projects.
Today
This makes the kingdom the Middle East’s largest megaproject market by a wide margin,

April 2, 2014

Abu Dhabi
09:59 GMT
(press release)

The changing patterns of supply and demand led to a mixed performance for specific pockets of the Abu Dhabi real estate market in Q1 2014, according to the Asteco Q1 2014 real estate report.

The rents continue to increase for all the areas in Dubai
07:45 GMT

With the removal of the rent cap, housing costs will contribute to inflation, this year. In the UAE, headline inflation rate for 2013 was at 1.1 per cent.

March 30, 2014

Samara in Arabian Ranches
11:29 GMT
(press release)

Emaar Properties, the global property developer, has launched ‘Samara’ villas, the newest addition to the established community’s ongoing extension.

RAK Properties
05:39 GMT
(press release)

RAK Properties encouraged the residents of its local communities to switch off their lights Saturday night (March 29, 2014) in celebration of this year’s edition of Earth Hour.

March 27, 2014

The multi-million dollar contract will be a big investment between America and the UAE. (File/AFP)
15:28 GMT

American firms Parsons and Halcrow will begin next phase of construction plan, awarded by Dubai's Roads and Transport Authority.

March 26, 2014

The UK's Maritime Component Command sits alongside the US Fifth Fleet Naval Headquarters in Bahrain (File Archive/AFP)
11:00 GMT

Britain is investing $97.7 million in Bahrain to expand its military presence in the Gulf country.

Emaar renews ties as 'Official Partner of Lotus F1 Team'
09:05 GMT
(press release)

Emaar Properties celebrated the renewal of their partnership with Lotus F1 Team by unveiling the brand new E22 racecar that has joined its racing fleet, in Downtown Dubai.

March 25, 2014

Almost one million foreign workers left KSA between March and November 2013 ahead of Saudi's major labor deportations at the end of last year (File Archive)
13:45 GMT

Saudi Arabia's legislation over the past few months has forced more than 50 per cent of KSA contracting firms to close their doors.

Sharjah Museums Department booth at the Abilities ME Exhibition and Conference
09:32 GMT
(press release)

The Sharjah Museums Department has participated in the Abilities ME Exhibition and Conference, as part of its on-going commitment to providing top facilities for, and spreading awareness of, the special needs community.

March 24, 2014

Many people are coming from Dubai and buying in Muscat
07:55 GMT

Hewn from the rocks of the Al Hajar mountains, a $600 million dream is taking shape in Oman which is expected to give the Sultanate's real estate market a boost.

March 20, 2014

Qatar will issue 10 tenders in 2014 for project managers and design consultants for the construction of the World Cup stadiums (File Archive)
12:00 GMT

Qatari officials assured media outlets this week that Doha's preparation for hosting the 2022 World Cup is "on track."

March 19, 2014

A string of major project wins in the UAE, strategic expansions into new markets and timely acquisitions enabled construction major Arabtec to record a triple-digit growth rate (149 per cent over 2012) in net income for 2013.
23:27 GMT

If 2013 proved a strong year, indications for this year verge on the spectacular — the company confirmed the year-to-date order book has gone past Dh200 billion, bolstered by the recently awarded $40 billion (Dh146.9 billion) contract in Egypt.

JLL said many of these investors were doing so with the purpose of “wealth preservation” rather than collecting “a trophy portfolio.”
23:10 GMT

Continued political turmoil across the Middle East has caused local investors to almost double their investment in Western real estate.

March 18, 2014

The project is scheduled to open in 2015.
02:04 GMT

Situated on the intersection of Hua Cheng Avenue and in the centre of New Pearl City Tian He district in East Guangzhou, the apartment and hotel complex is located in a rapidly growing commercial centre.

March 17, 2014

BLVD Crescent in Downtown Dubai
12:34 GMT
(press release)

Emaar Properties PJSC has unveiled luxury apartments in ‘BLVD Crescent,’ the newest stylish and contemporary residential development in the heart of Downtown Dubai.