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.

November 7, 2013

During Event
12:01 GMT
(press release)

Under the patronage of H.E. Eng. Abdullah Bin Abdulrahman Al-Mogbel, the Mayor of Riyadh, Riyadh Exhibitions Company organized the 25th Anniversary Dinner for Saudi Build 2013, the 25th International Construction Technology and Building Materials Exhibition, at the Ritz Carlton Hotel in Riyadh.

Aldar Properties holds assets amounting to $13 billion (Courtesy of Mubasher)
08:18 GMT

Abu Dhabi's larger property developer Aldar Properties reported a 98 percent increase in their third-quarter net profit Thursday

November 6, 2013

DPG CEO Khalid Al Malik and DPG staff raise the UAE Flag to Honour HH Campaign
12:03 GMT
(press release)

Dubai Properties Group has participated in the recent national solidarity campaign in support of the President, Sheikh Khalifa.

The Kingdom Tower will be the tallest building in the world. (Image credit: pinnaclelist.com)
05:32 GMT

British company EC Harris Mace has won the contract to provide project management services for the Kingdom Tower project in Jeddah.

November 5, 2013

Saudi Build 2013 represents the 25th anniversary of the annual construction show in KSA (Courtesy of Archello)
12:17 GMT

Saudi Build 2013, the only construction trade show in KSA accredited by UFI, was launched this week in Riyadh. 850 exhibitors from 35 different countries are expected to attend to share the latest insights and trends of the construction industry.

October 31, 2013

The average occupancy in Jumeirah’s portfolio of hotels has increased by eight per cent globally year to date in September this year, compared to the same period in 2012
11:34 GMT

The Jumeirah Group, a luxury hotel chain and a member of Dubai Holding, announced today that it has raised a $1.4 billion unsecured syndicated loan for further expansion.

October 30, 2013

Luxury Villas and Mansions 'Akoya by DAMAC
13:00 GMT

Main construction contracts to build 677 luxury villas and 480 apartment units and over 100 other work orders and packages have been awarded at the 28 million sq golf community.

October 29, 2013

While there are signs of stabilisation in certain sectors, the market continues to be challenged by political unrest which is impacting economic recovery critical for growth in the Cairo real estate market,
12:30 GMT

Despite the current political situation, the Egyptian real estate market continues to attract interest from leading developers and investors from the UAE who are committed to projects in Cairo, said a report.

Sky Collection of The Address Residence Fountain Views III
09:26 GMT
(press release)

Discerning customers will now have the opportunity to own luxury homes within the ‘Sky Collection’ of The Address Residence Fountain Views III, Emaar Properties’ newest masterpiece in Downtown Dubai.

October 28, 2013

“As a country that has witnessed destruction, there is nothing better for me than to talk about building homes for our people,” said AlAbaar, making reference to the similarities between Dubai and Kurdistan. (Pictured: Erbil, Kurdistan).
09:56 GMT

Downtown Erbil, estimated to cost more than $3 billion, promises to be a fully-integrated, mixed-use facility, offering a hub for both business and entertainment.

October 27, 2013

FENDI Villas at AKOYA by DAMAC
10:33 GMT
(press release)

DAMAC Properties has cemented its place as one of the leading luxury developers in the region by scooping six top industry awards at the Arabian Property Awards.

Ithmaar Bank has provided nearly $450 million for the project that brings together public and private entities to deliver social and affordable housing solutions.
08:14 GMT

It is the largest housing project ever to be developed in Bahrain in partnership with the private sector.

Light Up Your Eid - Bay Avenue
07:41 GMT
(press release)

Dubai Properties Group, DUBAILAND, JBR and Culture Village, has expressed its delight at the success of its Light up your Eid event which took place last week.

October 24, 2013

Downtown Dubai by Emaar Properties
11:47 GMT
(press release)

Emaar Properties recorded a net profit of AED 1.812 billion (US$ 493 million) during the first nine months (January to September) of 2013.

October 23, 2013

“The expatriate influx has also driven further demand for serviced apartments, where occupancy levels have increased from long-stay guests,” added Wolfe.
13:28 GMT

Average residential rental in Doha has risen 16 per cent year-on-year due to increased demand from expatriate inflow and a lack of supply in the market, said a report.