Construction & Real Estate

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When looking for a real estate agent you can trust, the first thing to take note of is their license and other credentials.
January 28, 2015 - 15:43 GMT
Overestimating the selling price for a property is one of the oldest tricks in the real estate agent’s book.

February 19, 2014

Emaar launches Mira Oasis in Reem
07:25 GMT
(press release)

A relaxed and inspiring lifestyle awaits residents at Mira Oasis, a new contemporary townhouse community launched by Emaar Properties within Reem.

February 18, 2014

The master-planned communities will feature landscaped central parks, mosques, educational institutions, healthcare centres, children’s play areas and community centres and will be designed by international architects.
20:27 GMT

The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.

During the signing
11:10 GMT
(press release)

Abdul Latif Jameel and Emaar Properties, have signed a Memorandum of Understanding (MoU) to develop integrated property projects in the Kingdom of Saudi Arabia.

February 17, 2014

The builder of the world’s tallest tower posted a quarterly profit of AED 756m ($206m), compared with AED 512m in the corresponding period of 2012
20:42 GMT

The developer, which launched several new projects last year, said its total value of sales in Dubai for 2013 was AED 12bn, nearly three times the amount in 2012.

“This would be a fair decision to protect homebuyers,” Awamleh continued, noting that there are 2,700 companies registered at JHDA
03:43 GMT

“For example, several Iraqi investors built housing projects and left to settle in other countries,” Awamleh said, explaining that several buyers have complained to JHDA from construction faults after developers left the country.

February 16, 2014

Saudi Arabia is planning to open 26 new hospitals throughout the Kingdom, but the government has claimed that land shortages have stalled healthcare development nationwide (File Archive)
15:00 GMT

Saudi Arabia is claiming that land shortages are the reason it has been unable to implement over 220 new health projects throughout the Kingdom.

February 12, 2014

Only 25 percent of KSA projects are implemented on time (Courtesy of Emirates 247)
14:00 GMT

Saudi Arabia is losing $27 billion every year due to "deliberate stalling of construction projects by corrupt government officials."

February 11, 2014

Qatar will build five stadiums for the 2022 World Cup (File Archive)
13:11 GMT

Qatar has begun construction on its first of five stadiums that it is building in preparation for its hosting of the 2022 FIFA World Cup.

Mohammad Sultan Al Qadi, Managing Director and CEO, RAK Properties
12:27 GMT
(press release)

RAK Properties has announced net profit of AED 151 million for the year ended 31st December 2013, compared to AED 147 million in 2012.

February 10, 2014

US-based Reef Worlds is planning to invest $3 billion in underwater tourism in the UAE (Courtesy of The National)
12:58 GMT

US-based developer Reef Worlds announced plans this week to build underwater cities and tourism sites near Dubai.

Remraam Community Pool
09:42 GMT
(press release)

DPG has revealed details of further enhancements at its thriving Remraam community in DUBAILAND, including plans for a Géant Easy supermarket set to open in the first half of 2014.

February 9, 2014

2014 to be expected another positive year for real estate sector in the UAE, Dubai in particular
09:41 GMT

There will be tremendous demand for offices and commercial properties in Dubai this year, due to the rising confidence in both the emirate’s economy and the real estate sector.

February 6, 2014

Saudi Arabia hopes it $9.5 billion investment in building the new mining industrial city will increase economic growth to the Kingdom (Courtesy of Arabian Industry)
12:00 GMT

Saudi Arabia just signed $9.5 billion worth of contracts to establish a new industrial city in KSA focusing on mining.

Emaar Properties
05:55 GMT
(press release)

The long-term corporate credit rating on Emaar Properties, the global developer of ionic projects, has been upgraded by Standard & Poor’s Rating Services to ‘BBB-’ from ‘BB+’ with a stable outlook.

The Gulf Arab state is spending billions of dollars in areas such as transport, electricity and water generation and housing,
03:55 GMT

Qatar plans to spend as much as $205 billion on infrastructure between 2013 and 2018,