Construction & Real Estate

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Price hikes resulted in fewer property sales in Q2 across the MENA region (Image: Dubai Marina)
September 2, 2014 - 08:17 GMT
As developments are on the rise across the MENA region, the increase of prices have diverted first time buyers from purchasing new homes.

December 9, 2013

“This transaction underscores the success of London Bridge Holdings in transforming a blighted, brown field site into a vibrant and vital global business centre,” the firm said in a statement.
12:17 GMT

London Bridge Holdings had originally planned to refinance More London by next summer but decided to sell the asset due to the attractive offer made by St Martins, which already owns property in London.

Vida Residence, The Hills
11:48 GMT
(press release)

Emaar Properties, the global developer of iconic projects, is unveiling a stylish and cosmopolitan lifestyle choice in urban living with the launch of Vida Residence, The Hills in the heart of Dubai.

December 8, 2013

“If there is a will, there is a way. And we have the will. I will find these solutions.”
16:39 GMT

“I am sure at the end of the day that football will be the winner. At the end of the day we will show the world that we can create good working conditions,” he said to reporters.

API Trio Office Tower
07:55 GMT
(press release)

Leading regional real estate services firm, Asteco, has been appointed the sole agent for the new API Trio Office Tower on Sheikh Zayed Road, Dubai.

The new road between Abu Dhabi and Dubai is 62 kilometers. (Image credit: Shutterstock)
07:06 GMT

Abu Dhabi General Services “Musanada” has signed two contracts for the implementation of the Abu Dhabi-Dubai Road Project.

December 4, 2013

Damac Properties was established in 2002, as a private, residential, leisure and commercial developer in Dubai. (Image credit: Shutterstock)
12:23 GMT

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

Mr Hussain Sajwani Makes the Contribution to Dubai Autism Centre
07:32 GMT
(press release)

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

DPG National Day Celebrations
08:20 GMT
(press release)

Dubai Properties Group (DPG), hosted National Day celebrations in its residential communities to mark the 42nd anniversary of the United Arab Emirates.

ADFD has been involved in Mauritania's development initiatives sicne 1977 (Courtesy of UAE Interact)
07:49 GMT

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.

Mohamed Sultan Al Qadi, Managing Director and CEO of RAK Properties
04:46 GMT
(press release)

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 announced the housing initiative in the northern emirates Tuesday (Courtesy of Gulf News)
12:17 GMT

His Highness Shaikh Mohammad Bin Rashid Al Maktoum launched a $1.4 billion housing initiative Tuesday to benefit 10,000 citizens.

November 26, 2013

KSA hopes the new port in Al-Lith will ease pressure on the overcrowded Jeddah port (Courtesy of Arabian Business)
08:39 GMT

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

Khalid Barashid, a property dealer, said the raids have pushed down land prices by 30 percent in suburban areas and wiped out illegal dealers.
09:51 GMT

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

KSA will focus its infrastructure spending over the next twenty years on electricity and water facilities' upgrades (Courtesy of Arabian Business)
09:22 GMT

Saudi Arabia announced Sunday that it will spend $187 billion over the next 20 years in infrastructure projects.

The United Arab Emirates capital slapped a five per cent cap on annual rent hikes in January 2008 after surging demand drove rents higher and inflation with them.
05:44 GMT

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.