Construction & Real Estate

Featured Story:

That is why “there is [still] a lot of demand for the more established areas — Downtown and Dubai Marina — because the amenities tend to be better,” said Mahoney.
January 26, 2015 - 10:18 GMT
No one has a problem in agreeing that Dubai’s property sales and value gains have taken a bit of a softening in the last six months.

May 7, 2014

Asked about the delays, as the scheme was supposed to open in 2010, he mentioned financial troubles faced by some investors after the global financial crisis. (Image: The Jordan Times)
03:02 GMT

The Boulevard is part of the $5 billion Abdali project, the largest mixed-use urban development scheme in Amman.

May 6, 2014

Construction work on the Jeddah Metro will start in 2015 (File/AFP)
11:17 GMT

AECOM Technology Corporation has been awarded an 18-month contract to provide management consultancy services to the Jeddah Metro Company.

May 5, 2014

During the event
11:38 GMT
(press release)

RAK Properties, Ras Al Khaimah's (RAK) biggest property developer listed on the Abu Dhabi Stock Exchange, held groundbreaking ceremony recently for its landmark development project, Flamingo Villas.

Constella
08:52 GMT
(press release)

DAMAC Hotels, the hospitality arm of DAMAC Properties, has officially launched the first fully certified Sharia-Compliant serviced hotel apartments in Dubai during the Arabian Travel Market (ATM) Exhibition.

"We're in boom-time prices, more expensive than we've ever been in the history of mankind," Nick Candy, one of the developers of London's One Hyde Park luxury apartments, at the pinnacle of the capital's super-prime residential sector, told Reuters.
03:55 GMT

Buoyed by the wealth of Russian oligarchs, Chinese tycoons and Arab sheikhs, London has become one of the most expensive markets on earth, raising concerns ahead of parliamentary elections in 2015 that locals are being squeezed out of the market.

May 4, 2014

NAIA Jumeirah Village
10:19 GMT
(press release)

DAMAC Properties, has announced the launch of NAIA by DAMAC, its latest hotel management services company, which will cater to guests in more than 2,200 Hotel Apartment units across the city by the end of 2014.

May 1, 2014

The metro will have 88 stations, providing ease on the holy city's transport system (Image: Mecca Metro)
13:19 GMT

Work on a metro system through Saudi Arabia's holy city is expected to begin in 2016.

During the event
09:31 GMT
(press release)

TASWEEK Real Estate Development and Marketing has announced that its Board of Directors has distributed 60 per cent of its 2013 profits to shareholders as bonus shares.

April 30, 2014

The 50-story tower is due to be completed later this year (File/AFP)
11:45 GMT

A major construction phase of Bahrain Bay has been completed. The tower will house Wyndham Grand Collection Manama hotel and corporate offices upon completion.

April 29, 2014

Downtown Dubai
09:56 GMT
(press release)

Emaar Hospitality Group is highlighting its strategic initiatives to support Dubai’s Tourism Vision 2020 to welcome more than 20 million annual visitors by the turn of the decade at the Arabian Travel Market 2014.

DUBAILAND projects
06:54 GMT
(press release)

Dubai Properties Group (DPG), the development arm of Dubai Holding, today confirmed its participation at the upcoming Arabian Travel Market.

A comprehensive visitor management study has been undertaken around the Dubai Expo 2020 hosting, including city wide traffic and movement flow analysis.
03:55 GMT

The major construction activities on the Expo 2020 site will be completed by October 2019, allowing for a full year of readiness testing across networks, systems and technologies.

April 28, 2014

Mohammed Sultan Al Qadi, Managing Director and CEO, RAK Properties
10:38 GMT
(press release)

RAK Properties revealed its excellent performance for the first quarter of 2014, achieving a net profit of AED 42 million as compared to the AED 40 million posted over the same period in 2013.

Emaar Properties
09:04 GMT
(press release)

Emaar Properties is now offering a convenient option for its long-term investors and end-user customers to ‘skip the line’ and exercise their property purchases without pre-registration.

The units are part of the government’s social housing programme, adopted after the 25 January Revolution, which aims to offer 1m residential units to low-income citizens.
02:10 GMT

Under the supervision of the Engineering Authority of the Armed Forces, more than 6,000 residential units have been constructed in Borg Al-Arab in Alexandria.