Construction & Real Estate

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The UK capital recorded €32.2 billion (around $44.2 billion) worth of transactions in 2013, with the Middle East contributing roughly $7.5 billion.
July 10, 2014 - 03:14 GMT
London’s property market has always been a favourite for investors from the Middle East.

January 26, 2014

Sales contracts came the second with its amount reaching OMR647.9 million by the end November 2013
09:28 GMT

The traded value of property grew by 21.5 per cent to OMR1,945.7 million for the first eleven months ending November 2013.

January 22, 2014

The UAE’s largest builder surged 3.57 per cent and close the day at Dh3.48 after touching Dh3.49, the highest intraday level since October 2008
21:36 GMT

The mega project, which will generate around 4,000 jobs for Jordanians, boosts the construction firm’s project backlog to a record Dh40 billion.

During the event
08:11 GMT
(press release)

Downtown Dubai, the cultural hub of the city, has marked a sterling addition to its repertoire of art with Rhims Gazelle Herd Edition 1.

January 21, 2014

Part of the Mecca Metro is already in operation (Amer Hilabi/AFP)
12:28 GMT

Local and international firms have begun to submit their bid applications for contracts for the Mecca Metro project.

January 20, 2014

The 60-square-km archipelago, comprising over 200 islands laid out in the shape of a world map, was created from millions of tonnes of sand and rock
22:08 GMT

Lying about five kilometres (3.1 miles) off mainland Dubai in the Gulf, it will feature classic Italian, Spanish and German architecture as well as landscaped gardens and streets that in some cases will be lined with artificial snow, the company said.

Qatar’s tight rental market has made it the most expensive country to live in the GCC, Arabian Business comprehensive analysis on the cost of living in the region reported.
03:55 GMT

The Cost of Living Report (CLR) noted that in a like-for-like comparison of seven measures, Qatar came out the most expensive overall, followed by the UAE, Saudi Arabia, Bahrain, Oman and Kuwait.

January 19, 2014

Emaar Boulevard Point
08:30 GMT
(press release)

Global property developer Emaar Properties has raised the benchmark in distinctive urban luxury, with the launch of ‘Boulevard Point,’ in Downtown Dubai, the company’s flagship mega-development.

January 15, 2014

AKOYA by DAMAC
07:24 GMT
(press release)

Waitrose, the food shops of the John Lewis Partnership, is to open a 26,000 sq ft store in the AKOYA by DAMAC Retail Centre.

January 14, 2014

Vida Residence Downtown Dubai
08:36 GMT
(press release)

Following the successful launch of Vida Residence, The Hills, Emaar Properties has launched the second serviced residence project under the upscale hotel concept Vida brand in Downtown Dubai.

January 13, 2014

On the other hand, real estate expert Marie bin Mubarak bin Mahfooz said real estate prices will spike this year because of the increasing demand on lands and properties.
15:20 GMT

"The attractive investment environment in Makkah has become the focus of many real estate investors and venture capitalists who have moved to form large conglomerates, pumping huge liquidity in the market."

UAE ranks ninth in the world's top superyacht-building shipyards (File Archive)
09:19 GMT

UAE has been named among the world's top 10 superyacht-building nations in a recently released report.

January 12, 2014

The Gulf Cooperation Council’s electricity and water undersecretaries, heads of specialised bodies and organisations will meet in Kuwait on Tuesday to discuss the water network project
17:40 GMT

This meeting aims at studying the other alternatives of this project, in order to reach an agreed formula, to be submitted to the GCC ministerial council.

Bahrain's theme park will cover an area of 93,618 sq meters and will include amusement rides and the country's first indoor ski slope and full-size ice arena (Shutterstock)
11:23 GMT

Bahrain is constructing a $52.7 million theme park that will feature the country's first full-size ice arena along with an indoor ski slope.

January 9, 2014

The Kingdom’s first high-speed passenger rail line was slated for completion by January 2014. But due it unavoidable circumstances the construction has been delayed.
03:55 GMT

Al-Ferraj said that the line’s station in Madinah is now 52 percent complete.

January 7, 2014

Jasim Al Ali, CEO of FGP
08:25 GMT
(press release)

First Gulf Properties (FGP), which specialises in end-to-end property solutions, has achieved ISO 9001:2008 Quality Management Systems certification following a rigorous evaluation process.