Construction & Real Estate

Featured Story:

Buying a home is a dream for many, however the financial commitment can be daunting (Shutterstock).
September 18, 2014 - 04:55 GMT
That “dream” home can quickly turn into a nightmare if you’re constantly struggling to make payments on it.

January 29, 2014

The Dubai Expo 2020 event will require AED39.23  billion ($10 billion) of investment to develop all of the required facilities and host the event
15:43 GMT

"Significant amount" of the funding will come from the government, but there was also an opportunity for the private sector to invest during the build up to Expo 2020 and during the event itself.

January 27, 2014

Mr. Arif Mubarak, Chief Operations Officer of Dubai Properties Group
11:04 GMT
(press release)

Dubai Properties Group has announced its continued support of UAE-national employees through a University Sponsorship Program and ongoing training initiatives as part of its continued efforts to develop local talent.

January 26, 2014

Dubai Marina neighbourhood has seen a rise in deal activity from the third quarter last year, according to Clutton’s winter property update.
18:48 GMT

Dubai’s new tramway will boost buyer demand in residential areas such as Dubai Marina owing to its proximity to the network,

Rasha villas
11:30 GMT
(press release)

Emaar Properties has unveiled ‘Rasha,’ a new Spanish-style villa community, drawing on the popularity for villas and following strong customer response to its new launches in Arabian Ranches.

Sales contracts came the second with its amount reaching OMR647.9 million by the end November 2013
09:28 GMT

The traded value of property grew by 21.5 per cent to OMR1,945.7 million for the first eleven months ending November 2013.

January 22, 2014

The UAE’s largest builder surged 3.57 per cent and close the day at Dh3.48 after touching Dh3.49, the highest intraday level since October 2008
21:36 GMT

The mega project, which will generate around 4,000 jobs for Jordanians, boosts the construction firm’s project backlog to a record Dh40 billion.

During the event
08:11 GMT
(press release)

Downtown Dubai, the cultural hub of the city, has marked a sterling addition to its repertoire of art with Rhims Gazelle Herd Edition 1.

January 21, 2014

Part of the Mecca Metro is already in operation (Amer Hilabi/AFP)
12:28 GMT

Local and international firms have begun to submit their bid applications for contracts for the Mecca Metro project.

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.