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
July 24, 2014 - 08:47 GMT
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 8, 2013

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.

August 13, 2013

Originally launched in 2005, it was slated to be completed by 2010 but was put on hold when the impact of the global economic crisis hit Dubai's real estate and construction industries.
15:00 GMT

In June 2012, it was announced Marvel Entertainment, the creator of popular comic book heroes X-Men and The Avengers, was to lend its name to one of the zones, which will feature retail outlets, dining facilities and interactive entertainment.

August 12, 2013

Sahar AlAnsari, Director of Real Estate Management at DPG
10:30 GMT
(press release)

Dubai Properties Group (DPG), master developer of Business Bay, DUBAILAND and JBR, has allocated plots in many of its master developments to accommodate a total of eight mosques.

August 7, 2013

Real estate sales in the month of June in Kuwait increased by 27 per cent year-on-year, to reach KD339 million ($1.18 billion), an NBK report said.
09:18 GMT

A little over half of the approved loans, which came from 662 applications, were for new constructions. According to NBK, these figures are roughly double the amount approved during the same period in 2012.