Construction & Real Estate

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The UK capital recorded €32.2 billion (around $44.2 billion) worth of transactions in 2013, with the Middle East contributing roughly $7.5 billion.
July 10, 2014 - 03:14 GMT
London’s property market has always been a favourite for investors from the Middle East.

September 29, 2013

Cement consumption in Saudi market has marked a robust growth in the last few years where it increased from 16 million tons in 2000 to more than 48 million tons in 2011 at a compound annual growth rate (CAGR) of 12 percent.
13:46 GMT

According to experts, the cement demand in the GCC will exceed $49 billion in the next two years where Saudi share alone will account for 61.22 percent of the overall Gulf demand and consumption.

September 26, 2013

The new website, dpg.ae
07:42 GMT
(press release)

Dubai Properties Group (DPG), a member of Dubai Holding, and the master developer of Business Bay, DUBAILAND and JBR has launched a variety of new and innovative customer focused online tools.

September 23, 2013

View of the latest progress at DAMAC Tower in Lebanon
09:24 GMT
(press release)

DAMAC Properties, the largest luxury private developer in the Middle East, has completed the third floor slab cast and work is well underway on the fourth for its iconic ‘DAMAC Tower’ in Solidiere, Beirut, Lebanon.

September 22, 2013

Emaar launches Palma in Arabian Ranches
09:33 GMT
(press release)

Arabian Ranches has unveiled Spanish-inspired villas under ‘Palma,’ as part of the ambitious expansion of one of the most-sought after lifestyle communities by Emaar Properties.

The centre will aim to “enhance legal procedures that facilitate the settlement of rental disputes”, reported official news agency WAM.
07:50 GMT

Dubai has been beefing up laws to better regulate its real estate sector as the market recovers from a crash in 2009.

September 19, 2013

The project features contemporary architecture designs of its residential buildings and 50 per cent of its total surface area is green open spaces
13:55 GMT

The UAE developers have announced Dh16.6 billion ($4.5 billion) investment plan to build a ‘City of the Future’ in the Iraqi capital Baghdad.

September 18, 2013

During the visit
05:43 GMT

Khalaf Ahmad Al Habtoor received a courtesy call from two senior HSBC executives.

September 17, 2013

Mr Hussain Sajwani receiving award
07:54 GMT
(press release)

Chairman of DAMAC Properties, Hussain Sajwani, was named Middle East Property CEO of the Year last night.

September 16, 2013

The arbitration proceeding has been commenced in the International Court of Arbitration of the International Chamber of Commerce, Paris, said a statement from Depa.
11:40 GMT

Lindner Depa Interiors (LDI) today announced that it has filed a Dh900 million ($250 million) international arbitration claim against the New Doha International Airport (NDIA).

The SAR353 million ($94 million) contract has been awarded to construct a 150 metre high, luxury serviced apartments tower in the strip on King Fahad road whose interiors will be designed by Italian fashion house Fendi.
11:13 GMT

Damac Properties announced that it has awarded the main construction contract for its Riyadh project, Damac Esclusiva Luxury Serviced Apartments to construction company Haramain Gate.

The development has been conceptualised to host 15,000 residential units including 2,500 townhouses and villas as per the current master plan.
07:33 GMT

The approximately 2.5 million sq m mixed-use community will take shape about 14.5 km from the Baghdad city centre.

DAMAC ESCLUSIVA
07:10 GMT
(press release)

DAMAC Properties has announced it has awarded main construction contract in its Riyadh project DAMAC Esclusiva Luxury Serviced Apartments worth of SAR 353 Million to Haramain Gate for Construction.

September 15, 2013

Behind this acceleration in population growth lie the jobs created by the large infrastructure investment currently underway (Pictured: Doha city).
12:09 GMT

The new wave, QNB said, is mainly driven by expatriates filling in jobs created by the large ramp-up in infrastructure investment to prepare for the 2022 World Cup

September 11, 2013

During the event
08:02 GMT
(press release)

Dubai Properties Group (DPG), a member of Dubai Holding, recently held its first staff briefing session about Dubai Expo 2020 in collaboration with Dubai Expo 2020 team.

September 10, 2013


Tatham said the Arab Spring and tougher European tax regimes had led to an increase in property investment by expatriates.
14:11 GMT

Along with Dubai being seen as a safe location for investment by Arab Spring investors it was also becoming the ideal location for Saudi, Kuwaiti, and Qatari investors looking to buy a second home