Construction & Real Estate

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That is why “there is [still] a lot of demand for the more established areas — Downtown and Dubai Marina — because the amenities tend to be better,” said Mahoney.
January 26, 2015 - 10:18 GMT
No one has a problem in agreeing that Dubai’s property sales and value gains have taken a bit of a softening in the last six months.

March 17, 2014

The Suez Canal Project is much needed for the Egypt's economic revival.
04:55 GMT

Alhammadi added that DP World plans to carry out the Sokhna third berth with costs exceeding $200m.

March 16, 2014

Bay Avenue Park
10:59 GMT
(press release)

Dubai Properties Group has announced its partnership with DEWA to mark ‘Earth Hour’ 2014, the largest global environmental initiative aimed at raising awareness on climate change.

The Dubai Mall Grand Drive
10:52 GMT
(press release)

The Board of Directors of Emaar Properties has proposed the distribution of a cash dividend of 15 per cent of the company’s share capital for the year 2013 as well as 10 per cent bonus shares to shareholders.

The new bridge and service roads will ensure free traffic movement to access the Bluewaters Island featuring an array of spectacular waterfronts
08:09 GMT

Dubai has announced two more massive road projects providing easy access to International City and the Bluewaters Island — a new tourist attraction off the cost of Jumeirah Beach Residence (JBR).

RAK Properties
06:20 GMT
(press release)

RAK Properties, Ras Al Khaimah's (RAK) biggest property developer listed on the Abu Dhabi Stock Exchange, recently held its Annual General Meeting (AGM) for 2014 at the Al Hamra Convention Centre.

March 13, 2014

Flamingo Villas
12:13 GMT
(press release)

RAK Properties has announced the addition of new villas for its flagship development project, Flamingo Villas.

March 12, 2014

Mr. Masood Al Awar, CEO of TASWEEK Real Estate
11:09 GMT

TASWEEK Real Estate, considering their performance a surge in the net profit for 2013, its fifth straight year of profit and continuous growth makes it worth to serious consideration for IPO as the real-estate industry growthflourishes.

Gulf Hotels Group plans to build a five-star "Gulf Hotel Business Bay" that will open by mid-2017 (Shutterstock)
11:00 GMT

Bahrain's Gulf Hotels Group is investing $132 million to develop a five-star Gulf Hotel Business Bay on Dubai's shores

Energy development in Oman is one of the key areas that the EPC contracts over the next five years will target (Courtesy of Arabian Oil and Gas)
05:00 GMT

Over the next five years, Oman will award engineering, procurement and construction (EPC) contracts worth $65 billion.

March 11, 2014

The UAE has pledged significant sums of money to help rebuild Egypt and support it on its path to truly representative government
10:55 GMT

The announcement of a $40 billion (AED150bn) deal to build low-cost housing in Egypt is good news for that country and for the UAE, commented a local daily.

Downtown Dubai by Emaar Properties
10:14 GMT
(press release)

Emaar Properties is putting the spotlight on its advanced project development competencies and new projects in key international markets at MIPIM 2014, the world’s premium property event.

Saudi construction industry has witnessed a boom in contract awards and ongoing construction activities
06:55 GMT

The Saudi construction sector is poised for significant growth over the next few years thanks to the boom in contract awards and ongoing construction activities coupled with healthy lending appetites by bank.

March 10, 2014

Mulberry at Park Heights
10:10 GMT
(press release)

Following strong investor response to the launch in the UAE, GCC and London of ‘Mulberry at Park Heights,’ the first residential complex in Dubai Hills Estate, Emaar has launched the sale of the second phase of luxury residences.

March 9, 2014

Individual apartments make up more than half of all transactions in the investment sector (Courtesy of Construction Week Online)
13:00 GMT

Kuwait real estate sales was an estimated $1.1 billion in January. However, despite such strong figures, the estimates represents a slight downfall from a strong record month in December.

Dubai's first eco-friendly mosque is 85 percent complete and set to open its doors this year (Courtesy of 7 Days in Dubai)
08:08 GMT

The construction of the region's first eco-friendly mosque in Dubai is 85 percent complete and set to open in the near future, say new reports.