Construction & Real Estate

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More than $40 billion worth of new contracts were awarded in the GCC during the first quarter of 2014 alone (File Archive)
April 17, 2014 - 07:40 GMT
2014 is promising to be a record-breaking year for the GCC's construction industry.

June 10, 2013

According to prosecution records, J.B. abused her post at the Dragon Mart administration and forged the blank cheques worth more than Dh1.3 million and wrote J. T.’s name as the beneficiary
10:52 GMT

A former woman executive with Nakheel allegedly fled to her home country after embezzling more than Dh1.3 million worth of tenancy contract cheques, a court heard.

During the event
09:45 GMT

Khalaf Ahmad Al Habtoor congratulated senior executives from the Al Habtoor Group who were recently awarded by external bodies for excellence in their respective professions in the United Arab Emirates.

Emaar launches new residential project
05:30 GMT

Emaar Properties has unveiled its newest residential development in the city.

June 6, 2013

Overview of the Business Bay
12:24 GMT

Dubai-based Arabtec Holding said yesterday it has been awarded a Dh810 million contract to build a 5-star hotel and apartments in Business Bay Dubai.

June 5, 2013

While 1,842 of the total buildings were new, 137 were extensions to existing ones.
11:26 GMT

A total of 2,461 residential units were completed in Abu Dhabi during the first quarter of 2013, down 6.2 per cent compared to Q1 2012, according to official data from the Statistics Centre – Abu Dhabi (SCAD).

May 30, 2013

A team of Freezone Sohar officials visited India recently
05:00 GMT

With Indian companies and investors continuing to evince interest in Freezone Sohar, the economic hub is aiming to double investment from India to US$250mn in the coming two years from the present US$125mn.

Emirates Securities Market
05:00 GMT

Stocks in Dubai and Abu Dhabi continued to rise, with their benchmark measures gaining for the third straight day yesterday.

May 29, 2013

Saudi Arabia 100 Riyals bill
10:35 GMT

The Saudi development fund agreed Tuesday to lend Tunisia USD 150 million (some 230 million Tunisian Dinars) to co-finance construction of 20,000 housing units for low-income people.

The WRDC is encouraging the private sector
06:00 GMT

The value of announced projects in Abu Dhabi’s Western Region is Dh295 billion, a top-ranking Abu Dhabi government official told reporters on the sidelines of Al Gharbia Development Forum in the capital, an event aimed to draw new investors to the region.

May 28, 2013

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
07:15 GMT
(press release)

TASWEEK Real Estate Development and Marketing has announced that it has begun operations in Dubai as part of its ongoing global expansion efforts.

May 27, 2013

Bay Avenue
11:12 GMT
(press release)

Dubai Properties Group, a member of Dubai Holding, has today announced the launch of a customer driven centre, ‘The Centre at Bay Avenue’.

Photo courtesy of Al Maabar International Investments
06:00 GMT

Al Maabar International Investments, which is implementing the $10 billion Marsa Zayed project in Aqaba, on Sunday announced awarding contracts to build two large projects in Amman and Aqaba.

May 26, 2013

Arabtec Holding
12:24 GMT

Arabtec Holding announced that its joint venture between Arabtec Saudi Arabia and Greece’s Terna has been awarded a SR 404 million ($107 million)contract by Aldara Medical Corporation to build Aldara Hospital and Medical Center, a 105-bed hospital in Riyadh.

Emaar's Burj Vista in Downtown Dubai.
11:46 GMT
(press release)

Emaar Properties has launched the sale of the second tower of the latest architectural masterpiece, Burj Vista, in Downtown Dubai, the 500-acre flagship mega development.

 Abdul Baset Al Janahi, Chief Executive Officer of Dubai SME
05:55 GMT

His Highness Sheikh Hamdan Bin Rashid Al Maktoum has instructed Dubai SME, to set up a sub-fund to support UAE nationals developing mobile applications focused on facilitating people’s access to government services.