Construction & Real Estate

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The housing challenges in the region are profound.
October 22, 2014 - 04:55 GMT
The young demographic structure of the GCC region is creating a surge in demand for housing.

December 30, 2013

Dubai Properties Group Winter Wonderland
10:16 GMT
(press release)

To celebrate the festive season, Dubai Properties Group created a ‘Winter Wonderland’ at the iconic Walk at JBR and at their new destination, Bay Avenue in Business Bay.

December 25, 2013

That the Expo 2020 win would prove a catalyst for new trends in Dubai’s real estate sector was a foregone conclusion.
14:07 GMT

In the days immediately after the win, asking prices at some of the emirate’s emergent freehold master-developments have seen an appreciable spike.

December 24, 2013

Dubai eMart allows investors, firms and customers conduct real estate transactions online (File Archive/Shutterstock)
12:37 GMT

Dubai's new online portal for real estate attractions, eMart, already visited by 29,000 customers, has attracted hundreds of investors and real estate firms in its first month since its launch in November.

Qatar Projects 2014 will focus on Infrastructure & Transport as well as Energy & Utilities (File Archive)
10:21 GMT

Qatar will award contracts amounting to $200 billion until 2030 for construction projects and related development in the tiny Gulf country.

labor market dynamics, currency fluctuations and the economic decline in Asian countries have weakened the workers’ ability to negotiate. (Image credit: Human Rights Watch)
08:23 GMT

The average cost of construction labor fell 6.5 per cent month-on-month in November 2013.

Emaar and Dubai Cares
06:36 GMT
(press release)

Nasser Rafi, Chief Executive Officer of Emaar Malls Group, handed over a cheque for AED 5 million, the proceeds from Vogue Fashion Dubai Experience, to Tariq Al Gurg, Chief Executive Officer of Dubai Cares.

December 23, 2013

Affordable housing is a large and untapped segment. (Image credit: Shutterstock)
08:28 GMT

Arabtec Holding, one of the Middle East’s largest construction companies, is heading into the real estate development with the launch of a new property subsidiary.

Qatar is in the midst of an infrastructure boom. (Image credit: Shutterstock)
07:58 GMT

With more than $200 billion worth of major projects due to be awarded in the years to 2030, Qatar remains one of the three top markets for companies doing business in and with the Middle East region.

December 22, 2013

Luxury Villas on Offer throughout AKOYA by DAMAC
08:07 GMT
(press release)

AKOYA by DAMAC, a 42 million sq ft luxury golf community under development in Dubai has been named as the best golf development in the world.

Confidence has returned to Dubai’s marketplace. (Image credit: Shutterstock)
08:01 GMT

Office rentals are starting to firm across all key commercial locations in UAE, further reinforcing its position as having the costliest office realty in the Middle East, according to a new survey.

There can be no increase if the existing rent is only 10 per cent lower than the average that a similar property commands within a neighbourhood.
00:03 GMT

A well-defined set of parameters will have to be followed by Dubai’s landlords on rental increases in their lease renewals, according to a new decree.

December 20, 2013

.Qatar last month said foreign allegations of abuse of migrant workers working on World Cup facilities were “exaggerated” but insisted it took such claims seriously.
09:03 GMT

Qatar last month said foreign allegations of abuse of migrant workers working on World Cup facilities were “exaggerated” but insisted it took such claims seriously.

December 16, 2013

Kuwait’s Parliament in February formed a special panel to probe allegations of irregularities in awarding the contract and another project to build a causeway.
10:56 GMT

A special company was established for the project in which the winning consortium has a stake of 40 percent and the government holds 10 percent, while 50 percent is to be distributed to citizens as free shares

Sotheby’s global sales value estimated at $40 billion with 17 per cent  from the GCC region. (Image credit: PR Web)
07:00 GMT

Sotheby’s International Realty, a luxury real estate brokerage agency, is setting up an office in Dubai, entering the market at the right time to catch up with the growing potential of the emirate’s realty sector,

The advent of rail in the Middle East has opened up opportunities on how to move cargo. (Image credit: Shutterstock)
03:16 GMT

Etihad Rail, the developer and operator of the UAE’s national railway network, has signed a Memorandum of Understanding (MoU) with SNTTA Cargo, the logistics division of Liberty Investment Co, (LIC), the holding company of the Liberty Group.