Construction & Real Estate

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The housing challenges in the region are profound.
Today
The young demographic structure of the GCC region is creating a surge in demand for housing.

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.

January 12, 2014

The Gulf Cooperation Council’s electricity and water undersecretaries, heads of specialised bodies and organisations will meet in Kuwait on Tuesday to discuss the water network project
17:40 GMT

This meeting aims at studying the other alternatives of this project, in order to reach an agreed formula, to be submitted to the GCC ministerial council.

Bahrain's theme park will cover an area of 93,618 sq meters and will include amusement rides and the country's first indoor ski slope and full-size ice arena (Shutterstock)
11:23 GMT

Bahrain is constructing a $52.7 million theme park that will feature the country's first full-size ice arena along with an indoor ski slope.

January 9, 2014

The Kingdom’s first high-speed passenger rail line was slated for completion by January 2014. But due it unavoidable circumstances the construction has been delayed.
03:55 GMT

Al-Ferraj said that the line’s station in Madinah is now 52 percent complete.

January 7, 2014

Jasim Al Ali, CEO of FGP
08:25 GMT
(press release)

First Gulf Properties (FGP), which specialises in end-to-end property solutions, has achieved ISO 9001:2008 Quality Management Systems certification following a rigorous evaluation process.

Out of 46 applications, 33 consortia were qualified according to the project's specifications, while 14 were picked as among the best applicants.
03:55 GMT

The winner of the bidding process will be announced by mid-2014

January 6, 2014

Land prices in Amman have gone up by nearly 40 per cent between 2012 and 2013, he pointed out, indicating that land values in other cities also increased by almost 15 - 20 per cent.
17:23 GMT

“2013 was a very good year for the housing sector,” Awamleh said, adding that prices of residential properties remained stable during the year.

Lila Arabian Ranches
09:08 GMT
(press release)

The unstated elegance of coastal Spanish life will become part of the Arabian Ranches development, one of Emaar’s foremost communities, with the launch of the ‘Lila’ gated community and villas.

January 5, 2014

Layout of the new Jeddah airport that will be completed by the end of 2014 (Courtesy of Construction Week Online)
11:07 GMT

Saudi Arabia's new Jeddah airport construction will be completed by year's end.

Nakheel wants to use their own funds to back up its new project activity as much as possible. (Image credit: Shutterstock)
07:56 GMT

Nakheel's future plans include a revised Palm Deira figures on the radar.

January 2, 2014

Saudi Arabian Airlines will privatise four of its major sectors over the course of 2014 (File Archive)
11:56 GMT

Saudi Arabian airlines will privatise four of its major sectors in 2014.

January 1, 2014

Abu Dhabi is building the region's first Green Road to Dubai in 2014 (File Archive)
06:00 GMT

Abu Dhabi's Department of Transport will build the first green road in the Middle East during 2014. The road, which will connect the capital to Dubai will be ready for use by early 2015.

December 31, 2013

During the event
11:29 GMT
(press release)

DAMAC Properties, one the Middle East’s largest luxury real estate developers, is guaranteeing every customer a new car, on select units sold during the Dubai Shopping Festival (DSF).