Construction & Real Estate

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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.

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.

November 20, 2013

Rick Fedrizzi, President of U.S. Green Building Council awards Eng. Jassim Telefat, Group Executive Director of QF Capital Projects
11:59 GMT

In less than a decade, Qatar Foundation for Education, Science and Community Development has emerged as a regional leader in the green building movement. With extraordinary plans to become one of the world’s most sustainable communities, its futuristiccampusisa remarkable feat of eco-friendly design and excellence.

Dubai’s price increases so far have been built on solid fundamentals such as trade and tourism. (Image credit: Shutterstock)
06:24 GMT

Dubai's real estate market has rebounded after the 2009 global financial crisis.

The GCC region will commit almost two thirds of construction spend between 2013 and 2016 - with a peak of $144 billion in construction in 2016. (Image credit: Shutterstock)
05:56 GMT

Spurred on by events such as the FIFA World Cup, the Middle East will see over 1 trillion dollars in construction over the next twenty years.

November 19, 2013

Amnesty International (AI) has said it has time and again raised the issue of the sponsorship (Kafala) and exit permit systems, but no commitment to repeal these have been given to them by the Qatari authorities till date.
09:48 GMT

In contrast, sponsors have the power to prevent their workers from moving jobs, can block workers from leaving the country without needing to provide any justification and have the right to terminate a worker’s employment and have his or her residency permit cancelled by the authorities.

November 18, 2013

“Average asking prices in Dubai today stand at AED 5.1 million while those in the capital figure at AED 3.3 million.
17:47 GMT

Whilst Abu Dhabi’s property prices have increased over the course of this year, Dubai’s residential prices have risen more significantly, widening the gap in property values between the two emirates.”

Masood Al Awar, CEO of TASWEEK Real Estate Development and Marketing
05:50 GMT

TASWEEK Real Estate announced that it is looking at potential deals with investors worth a whopping AED 1 billion for four iconic real-estate opportunities across Dubai and Abu Dhabi.