Construction & Real Estate

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The Dubai Real Estate market has become the focus of attention for an increasing number of investors from around the world
The launch of mega projects and renewed investor confidence have boosted real estate transactions in Dubai to Dh113 billion for the first half of the year

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.

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

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.