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 9, 2013

The annual study, which benchmarks building costs in 47 countries, found that relative construction costs across the globe have been affected by substantial fluctuations in currency throughout the year.
10:44 GMT

Qatar and UAE remain in the top 20 most expensive locations to build, and with inflation running at around five per cent per annum, KSA has continued to move up the cost curve.

RITAJ has set a new benchmark in modern lifestyle
10:07 GMT

RITAJ has announced a new campaign where it is offering prospective investors an unbelievable Return on Investment [ROI] of 8.5 per cent in the short-term.

September 8, 2013

The NBK pointed out that the investment sector sales totaled KD176 million in July, almost double the amount seen a year earlier.
08:33 GMT

The increase in the average transaction size was partially caused by some y/y increase in the average size of homes purchased in July, but was mostly due to an increase in the average price per meter-square of both homes and plots.

DAMAC Towers by Paramount
06:14 GMT
(press release)

DAMAC Properties has awarded a 1 billion AED contract to TAV Tepe Akfen Investment construction & operations – Dubai Branch.

September 4, 2013

During the event
10:10 GMT
(press release)

DAMAC Properties Chairman, Hussain Sajwani, has handed over a cheque for AED two million to a campaign to clothe a million deprived children around the world.

September 3, 2013

With a built up area of 64,000 sq m, Louvre Abu Dhabi is conceived as a complex of pavilions, plazas, alleyways and canals, evoking the image of a city floating on the sea. Pictured:' Divinci's The Saint Anne' at Musee du Louvre, Paris-Getty.
11:14 GMT

“The Louvre Museum Abu Dhabi is the most anticipated and prestigious cultural development project in the region. It will be a showcase of artistic mastery and world-class engineering," said CEO of Drake.

September 2, 2013

 Buildings to be constructed in the near future in Dubai will be built under a new set of rules to ensure they are able to withstand earthquakes within the region.
12:53 GMT

Recent studies showed the previous assumptions were not valid and indicated a slight increase in the real seismicity values of the Gulf area

August 28, 2013

GE and XD Electric
09:13 GMT
(press release)

GE and XD Electric Group have underscored the formation of a new partnership that combines GE’s grid automation capabilities with XD Electric’s comprehensive portfolio of primary high-voltage (HV) equipment.

August 26, 2013

Saudi Arabia is creating several new cities across the kingdom, particularly near the religious cities of Makkah and Medinah, as its population rapidly grows.
12:52 GMT

Named Makkah Gate, the residential and administrative city will be developed under a public-private partnership on the Makkah-Jeddah Highway with 45 districts.

Propertyfinder.ae made the 100 percent acquisition of realestate.com.lb following the website’s first round of investment since 2009, designed to help it grow into new markets.
07:21 GMT

The deal will allow Lebanese brokers and developers to use Propertyfiner’s vast network, as well as its advanced technology, and gives Propertyfinder greater reach throughout the region.

August 25, 2013

RAK Propertiers_Service Centre
05:44 GMT
(press release)

RAK Properties has launched its first customer service centre equipped with customer-friendly world-class communications facilities and information services.

August 20, 2013

More than 50 local and international companies have signed agreements with KAEC,
13:01 GMT

The labour complex project is expected to have a maximum capacity of 5,000 residents upon completion.

At least five companies are competing to design a major expansion of Bahrain International Airport, which includes a new terminal and could cost up to BD20 million ($52.8 million), a report said.
07:10 GMT

The expansion will rise the airport's passenger capacity by 50%.

August 19, 2013

Estimates reveal that the largest sector to benefit from this investment is likely to be the construction industry, dominated by the newly-sanctioned hospital projects and infrastructure in Kuwait.
13:42 GMT

Long-term investments in infrastructure have led to an increase in new business opportunities for Kuwait's construction and machineries sector.

August 14, 2013

Life Size Andalucian I at Downtown Dubai
08:06 GMT
(press release)

Emaar Properties, the global property developer, has unveiled a majestic sculpture that captures the heroism, power and magnetic appeal of the Arabian horse in Downtown Dubai.