Construction & Real Estate

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The Dubai Real Estate market has become the focus of attention for an increasing number of investors from around the world
July 24, 2014 - 08:47 GMT
The launch of mega projects and renewed investor confidence have boosted real estate transactions in Dubai to Dh113 billion for the first half of the year

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.

Out of 46 applications, 33 consortia were qualified according to the project's specifications, while 14 were picked as among the best applicants.
03:55 GMT

The winner of the bidding process will be announced by mid-2014

January 6, 2014

Land prices in Amman have gone up by nearly 40 per cent between 2012 and 2013, he pointed out, indicating that land values in other cities also increased by almost 15 - 20 per cent.
17:23 GMT

“2013 was a very good year for the housing sector,” Awamleh said, adding that prices of residential properties remained stable during the year.

Lila Arabian Ranches
09:08 GMT
(press release)

The unstated elegance of coastal Spanish life will become part of the Arabian Ranches development, one of Emaar’s foremost communities, with the launch of the ‘Lila’ gated community and villas.

January 5, 2014

Layout of the new Jeddah airport that will be completed by the end of 2014 (Courtesy of Construction Week Online)
11:07 GMT

Saudi Arabia's new Jeddah airport construction will be completed by year's end.