Construction & Real Estate
December 4, 2013
Damac Real Estate Development on Tuesday raised $348 million from its London share offer by pricing its global depository receipts, or GDRs, at $12.25 each.
December 2, 2013
DAMAC Properties has provided a donation of AED 1 Million to support the building of a new, high-tech care facility for the Dubai Autism Centre.
December 1, 2013
Dubai Properties Group (DPG), hosted National Day celebrations in its residential communities to mark the 42nd anniversary of the United Arab Emirates.
The Abu Dhabi Fund for Development (ADFD) announced Sunday that it will give the the Islamic Republic of Mauritania a loan worth $29.9 million for infrastructural development in the African country.
RAK Properties PJSC, Ras Al Khaimah's biggest property developer listed on Abu Dhabi Stock Exchange, has planned two-day celebrations on 1st and 2nd December to mark the 42nd UAE National Day.
November 27, 2013
His Highness Shaikh Mohammad Bin Rashid Al Maktoum launched a $1.4 billion housing initiative Tuesday to benefit 10,000 citizens.
November 26, 2013
Saudi Arabia announced Tuesday that it will build a massive, 43 million square port on its west coast to "lure investment" and "ease pressure on Jeddah."
November 25, 2013
The government’s correction campaign has pushed land prices down by 30 percent and closed more than 80 percent of unlicensed real estate offices, local media said quoting property experts.
November 24, 2013
Saudi Arabia announced Sunday that it will spend $187 billion over the next 20 years in infrastructure projects.
Abu Dhabi has decided to scrap a five per cent cap on annual rent increases, the emirate’s top decision making body said, opening up a property sector where many are paying below current market rents.
November 20, 2013
In less than a decade, Qatar Foundation for Education, Science and Community Development has emerged as a regional leader in the green building movement. With extraordinary plans to become one of the world’s most sustainable communities, its futuristiccampusisa remarkable feat of eco-friendly design and excellence.
Dubai's real estate market has rebounded after the 2009 global financial crisis.
Spurred on by events such as the FIFA World Cup, the Middle East will see over 1 trillion dollars in construction over the next twenty years.
November 19, 2013
In contrast, sponsors have the power to prevent their workers from moving jobs, can block workers from leaving the country without needing to provide any justification and have the right to terminate a worker’s employment and have his or her residency permit cancelled by the authorities.
November 18, 2013
Whilst Abu Dhabi’s property prices have increased over the course of this year, Dubai’s residential prices have risen more significantly, widening the gap in property values between the two emirates.”