Construction & Real Estate

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Born out of an agreement between the UAE and France, Louvre Abu Dhabi is touted as an architectural marvel.
January 22, 2015 - 04:55 GMT
Rising from the sands on partly reclaimed land and jutting into the turquoise waters of the Arabian Gulf, this is Abu Dhabi’s cultural masterpiece in the making.

December 9, 2014

AKOYA Oxygen
06:50 GMT
(press release)

Golfing superstar Tiger Woods will design the new 18-hole championship golf course in Dubai to be built by luxury real estate developers, DAMAC Properties and operated by The Trump Organization.

December 8, 2014

Similarly, the profits dropped by 56 per cent in Q3 compared to the previous quarter when profits stood at SR143.7 million ($38.2 million), it stated.
15:01 GMT

The construction and building firms listed in Saudi Arabia saw their net profits plunge by 39 per cent to reach SR528 million ($140.6 million).

Ocean Heights Tower
09:42 GMT
(press release)

Almost one third of all high-rise (above 250 metres) residential towers in Dubai have been, or are being, developed by luxury real estate developer DAMAC Properties.

December 7, 2014

The cash bid, pitched at 350 pence per share, compared with the previous 295-pence-per-share or £2.2-billion offer that was rejected last month.
04:55 GMT

Qatar's improved "final offer" to buy London's landmark Canary Wharf office quarter has been rejected, its owner said Friday, seemingly putting an end to a deal.

December 3, 2014

Jordanians bought nearly 90 per cent of the apartments as non-Jordanians purchased only 3,270 residential units in the first 11 months of the year,
19:17 GMT

Jordan's real estate trading is continuing unabated due to a steady surge in property sales, official data showed Tuesday.

The poll, which included a sample of 1,200 families in the country’s 12 governorates, addressed Jordanians’ satisfaction of five main rights.
14:00 GMT

Two-thirds of Jordanians (68.3 per cent) are satisfied with the socio-economic rights they enjoy,

December 2, 2014

The regional projects tracker said for Qatar’s project market, the outlook from now to 2020 is extremely strong.
16:06 GMT

Driven by FIFA 2022 and Qatar National Vision 2030, the country’s “active projects market” has been estimated at $285bn.

November 30, 2014

Compensation for hundreds of displaced families will cost the government LE1 billion, said El-Sisi earlier this month.
22:25 GMT

The government plans to develop a new urban area around Rafah to replace the border area demolished as part of the army's campaign against Islamist militants in the Sinai Peninsula.

During the event
04:59 GMT
(press release)

RAK Properties successfully concluded (Friday, November 28) a two-day fun-filled series of activities at Mina Al Arab as part of the company’s celebration of the 43rd UAE National Day.

Abdulla Al Otaiba, Senior Managing Director & Group Head -  Global Retail and Commercial Banking, of NBAD
04:40 GMT

The National Bank of Abu Dhabi (NBAD) has launched Star of Manufacturing Award as part of its ongoing efforts to support the small-and medium-sized enterprises (SMEs) and promote entrepreneurship in the UAE.

November 27, 2014

The comments come amid a nationwide campaign against traffic accidents after recent deadly crashes brought the media to rail against poor traffic management.
23:23 GMT

75 percent of roads in Egypt are deficient and in urgent need of rehabilitation.

The total project cost, including the fourth phase, stands at KD610 million ($2.1 billion).
11:33 GMT

The company did not give details on how the scheme would be funded.

The Parade - Downtown Dubai, UAE National Day
05:19 GMT
(press release)

Emaar Properties will mark the 43rd UAE National Day with unprecedented pageantry on November 29, 2014, from 3 to 5pm by showcasing ‘The Parade – Downtown Dubai, UAE National Day.’

November 26, 2014

Gaining overwhelming investor response, the IPO of Emaar Malls Group had recorded total orders of over AED172 billion ($46.8 billion).
11:26 GMT

The Special Cash Dividend follows the successful IPO and listing of the Emaar Malls Group.

09:30 GMT

Dubai Properties (DP) has announced plans to host a sales event with exclusive offers and payment plans for a number of additional units across some of its projects for a limited period.