Construction & Real Estate
February 19, 2014
Abu Dhabi residential rents increased by an average of 16 per cent year-on-year last year, with rates rising by as much as nine per cent in the final quarter.
A relaxed and inspiring lifestyle awaits residents at Mira Oasis, a new contemporary townhouse community launched by Emaar Properties within Reem.
February 18, 2014
The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.
Abdul Latif Jameel and Emaar Properties, have signed a Memorandum of Understanding (MoU) to develop integrated property projects in the Kingdom of Saudi Arabia.
February 17, 2014
The developer, which launched several new projects last year, said its total value of sales in Dubai for 2013 was AED 12bn, nearly three times the amount in 2012.
“For example, several Iraqi investors built housing projects and left to settle in other countries,” Awamleh said, explaining that several buyers have complained to JHDA from construction faults after developers left the country.
February 16, 2014
Saudi Arabia is claiming that land shortages are the reason it has been unable to implement over 220 new health projects throughout the Kingdom.
February 12, 2014
Saudi Arabia is losing $27 billion every year due to "deliberate stalling of construction projects by corrupt government officials."
February 11, 2014
Qatar has begun construction on its first of five stadiums that it is building in preparation for its hosting of the 2022 FIFA World Cup.
RAK Properties has announced net profit of AED 151 million for the year ended 31st December 2013, compared to AED 147 million in 2012.
February 10, 2014
US-based developer Reef Worlds announced plans this week to build underwater cities and tourism sites near Dubai.
DPG has revealed details of further enhancements at its thriving Remraam community in DUBAILAND, including plans for a Géant Easy supermarket set to open in the first half of 2014.
February 9, 2014
There will be tremendous demand for offices and commercial properties in Dubai this year, due to the rising confidence in both the emirate’s economy and the real estate sector.
February 6, 2014
Saudi Arabia just signed $9.5 billion worth of contracts to establish a new industrial city in KSA focusing on mining.
The long-term corporate credit rating on Emaar Properties, the global developer of ionic projects, has been upgraded by Standard & Poor’s Rating Services to ‘BBB-’ from ‘BB+’ with a stable outlook.