Construction & Real Estate

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Buying a home is a dream for many, however the financial commitment can be daunting (Shutterstock).
September 18, 2014 - 04:55 GMT
That “dream” home can quickly turn into a nightmare if you’re constantly struggling to make payments on it.

August 25, 2014

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
09:42 GMT
(press release)

TASWEEK Real Estate Development and Marketing, has announced the recent joint venture project handover of the fully completed The Haven Lakeside Residences.

Around 607 apartments will be leased out at the Gate Towers development on Al Reem Island (Image: Urbanarches)
08:41 GMT

Abu Dhabi's leading property development company, Aldar Properties, secured a bulk deal to lease 607 apartments to hospital employees working for a medical clinic.

August 20, 2014

“The market is finally showing real signs of recovery and prospective growth suggesting that the construction market will remain strong this year,” he added.
19:55 GMT

Megaprojects in the pipeline and the ramping up of social infrastructure spend is boosting the market, says new report.

AKOYA Oxygen
06:11 GMT
(press release)

Following the success of AKOYA by DAMAC launched last year, DAMAC Properties announced today the introduction of a second master development in Dubailand, set to be the largest in the area.

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
05:55 GMT
(press release)

The role of advanced ‘smart’ concepts such as ‘Big Data’ and ‘Cloud Computing’ in the development of genuinely ‘smart cities’ will be extensively covered through discussions and exhibitions at the Smart Living City – Dubai 2014 expo.

Under the scheme, stranded workers can seek a job with employers whose job opportunities match their profession.
04:55 GMT

Labor Ministry spokesman Tayseer Al-Mufarrej said that the new arrangement was aimed at protecting the interests of both sponsors and workers during their contractual period of employmen

August 18, 2014

Lagging behind the Saudis, Qatari citizens captured 23 percent of the GCC property investments in Dubai, followed by the Kuwaitis (13 percent), the Omanis (7 percent) and the Bahrainis (4 percent)
11:26 GMT

Citizens of the UAE captured the highest portion of property investments in Dubai valued at more than AED12.5 billion ($3.5), the DLD report said.

The Saudi woman should be the sole breadwinner for the family and not her husband. In the second case,
04:55 GMT

The housing crisis in Saudi Arabia is considered to be one of the biggest problems in society as over 70 percent of Saudi nationals do not own their own homes.

August 14, 2014

 Drake & Scull’s profit for the period dropped to 25.9 million dirhams from 44 million dirhams a year earlier.
23:25 GMT

“The payment situation for contractors hasn’t improved since the beginning of 2013” even as the Dubai economy strengthens,

August 13, 2014

New tenants are exempted from any cost adjustments for three years from the start of their tenancy contract.
22:40 GMT

Sharjah residents have been advised to report to the municipality any unnecessary rent increases imposed by their landlords.

UAE nationals topped the list with Dh12.5 billion ($3.5 billion), .
20:06 GMT

Investors from the Gulf Cooperation Council (GCC) states spent more than Dh19 billion ($5.17 billion) on real estate projects in Dubai, UAE, during the first half of the year, a report said.

August 7, 2014

Camels in Downtown Dubai
10:18 GMT
(press release)

The majestic and graceful stride of the Arabian camel is taking centrestage in Downtown Dubai, with Donald Greig’s new life-size sculpture titled ‘Camels.’

August 3, 2014

“Inclusion of more better and firmer laws to secure money will further boost investor confidence in the market,”
19:33 GMT

The property market in Dubai is stable and moving towards becoming a more matured market due to “significant steps” adopted by the real estate regulator and the Central Bank of the UAE.

Mohammed Sultan Al Qadi, Managing Director and CEO, RAK Properties
09:35 GMT
(press release)

RAK Properties has reported excellent performance for the first half of 2014, earning net profits worth AED 52 million, during its recent board meeting held at the company’s offices in RAK.

July 23, 2014

The department store will be the largest in the GCC region (Image: Aldar Properties)
10:19 GMT

Aldar Properties will join forces with Chalhoub Group to create the regions biggest department store in Abu Dhabi's Yas Mall.