Construction & Real Estate

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The housing challenges in the region are profound.
October 22, 2014 - 04:55 GMT
The young demographic structure of the GCC region is creating a surge in demand for housing.

March 9, 2014

Individual apartments make up more than half of all transactions in the investment sector (Courtesy of Construction Week Online)
13:00 GMT

Kuwait real estate sales was an estimated $1.1 billion in January. However, despite such strong figures, the estimates represents a slight downfall from a strong record month in December.

Dubai's first eco-friendly mosque is 85 percent complete and set to open its doors this year (Courtesy of 7 Days in Dubai)
08:08 GMT

The construction of the region's first eco-friendly mosque in Dubai is 85 percent complete and set to open in the near future, say new reports.

March 5, 2014

The developer, which gave away yachts and sports cars to buyers of its luxury properties during the downturn, said it booked sales worth $2.5 billion in 2013, compared with only $661 million the previous year.
03:55 GMT

The developer, which gave away yachts and sports cars to buyers of its luxury properties during the downturn, said it booked sales worth $2.5 billion in 2013, compared with only $661 million the previous year.

March 4, 2014

Emirates Classic Car Festival 2014 Winners
09:33 GMT
(press release)

Global property developer Emaar Properties marked the culmination of the 6th Emirates Classic Car Festival, with a spectacular awards ceremony.

March 3, 2014

The image below shows the results of the Savillies World Cities survey.
03:55 GMT

Hong Kong is the world’s most expensive city for companies to locate employees, significantly ahead of London and New York, which have been vying for second place over the past two years.

March 2, 2014

A two-bedroom apartment in central Abu Dhabi now costs an average of Dh70,000 per annum
08:31 GMT

Rents in Abu Dhabi’s prime residential areas increased by nearly 17 per cent during 2013 and there are projections for further hikes this year.

February 27, 2014

On Monday, both Arabtec and Kharafi declined to comment.
15:45 GMT

On Wednesday, Arabtec said: “The company denies that it will acquire Kharafi National.”

February 26, 2014

Most of the firms are going for small- and medium-size office spaces
08:38 GMT

Downtown Beirut’s office space ranked the 24th most expensive in the world in 2013, according to a report from consultant firm Cushman and Wakefield.

February 25, 2014

Bay Avenue
15:27 GMT
(press release)

Dubai Properties Group, has announced the opening of a new 102,675 sq. ft. park located in Bay Avenue, its flagship retail destination in the heart of Business Bay.

Dubai is aiming to establish itself as one of the most sustainable cities in the world by 2020 (Shutterstock)
14:38 GMT

Dubai is stepping up its green campaign with new developments underway to build more eco-friendly communities in the UAE.

February 23, 2014

Mulberry at Park Heights
11:57 GMT
(press release)

Mulberry at Park Heights, the first residential apartment complex in Dubai Hills Estate, the city of the future developed by a joint venture of Meraas Holding and Emaar Properties in Mohammed Bin Rashid City, has been launched for sale.

February 19, 2014

The ministry has offered 40000 feddan (16.800 hectares) to investors by the end of February with 20 percent (8000 feddan) allocated to locals in a closed bid.
11:47 GMT

Since its liberation from Israeli occupation more than 30 years ago, Egypt's Sinai Peninsula has suffered from serious underdevelopment and what residents describe as neglect by the government.

The rental gap between properties location ‘off-island’ and those in ‘on-island’ locations remained firmly intact
08:02 GMT

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.

Emaar launches Mira Oasis in Reem
07:25 GMT
(press release)

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 master-planned communities will feature landscaped central parks, mosques, educational institutions, healthcare centres, children’s play areas and community centres and will be designed by international architects.
20:27 GMT

The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.