Construction & Real Estate

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The UK capital recorded €32.2 billion (around $44.2 billion) worth of transactions in 2013, with the Middle East contributing roughly $7.5 billion.
London’s property market has always been a favourite for investors from the Middle East.

July 9, 2013

Al Habtoor
09:32 GMT

Khalaf Ahmad Al Habtoor has donated 10 million Egyptian Pounds to the newly-created ‘Support Egypt’ fund.

July 8, 2013

The Signature
08:58 GMT
(press release)

Dubai’s drive to see 20 million tourists visiting the Emirate by 2020 will see the current hotel capacity reached within just three years, said senior executives from DAMAC Properties.

Azadi Monument, Tehran (Source: Wikimedia Commons)
07:51 GMT

The value of Iranian water projects in foreign countries has risen by 282 percent since the start of President Mahmoud Ahmadinejad’s administration in 2005

Dubai skyline (Source: Wikimedia Commons)
06:54 GMT

As many countries across the region face turmoil, Dubai welcomes a slew of luxury home buyers

06:20 GMT
(press release)

Residential and commercial developments in Dubai, have recorded another robust performance in Q2, the fourth consecutive quarter of leasing and sales growth particularly in the residential sector.

July 7, 2013

The Saudi stock exchange (Source: AFP file photo)
08:07 GMT

The market capitalization of eight real estate companies listed on Saudi stock market (Tadawul) is estimated at SR 74 billion ($19.73 billion)

July 4, 2013

Khalaf Ahmad Al Habtoor
13:26 GMT

Al Habtoor Group Chairman received Hassan Nawaz Sharif in his office on Al Wasl Road.

July 3, 2013

The 48 on Burjgate has an ideal location minutes from the Dubai Mall Metro Station
10:24 GMT
(press release)

Leading regional real estate services firm, Asteco Property Management, has been appointed the sole leasing agent for new luxury residential project, ‘48 Burjgate’.

July 2, 2013

DAMAC Villas
09:26 GMT
(press release)

DAMAC Properties has launched the first ever serviced villas in Dubai.

June 30, 2013

The Burj Khalifa tower in Dubai
12:38 GMT

The real gross domestic product (GDP) of Dubai during the fourth quarter of 2012 increased by 5.3 per cent relative to the fourth quarter of 2011.

June 27, 2013

DPG Insights on Leadership Forum
08:19 GMT
(press release)

Dubai Properties Group (DPG), a member of Dubai Holding, held the fourth session of its ‘Insights on Leadership’ forum in collaboration with Du as part of its Corporate Academy Programme.

Emaar's Dubai Mall
06:00 GMT

UAE shares failed to hold on despite a strong rebound on Tuesday. The world stocks and bonds gained for the second day on Wednesday, lifted by healthy US data.

June 26, 2013

An artist's impression of the Dubai Palm Jumeirah managed by Viceroy.
13:10 GMT

China State Construction Engineering Corporation Middle East (CSCECME) on Tuesday announced that it will invest in Skai Holdings’ Dh3.67 billion ($1 billion) Viceroy Dubai Palm Jumeirah project.

Nakheel tower
10:47 GMT

Dubai's state-owned property firm Nakheel, is in talks with banks to refinance loans worth 8 billion dirhams ($2.2 billion) that are due in 2015, the chairman of the company said on Wednesday.

June 25, 2013

Back in Saudi, the Ministry of Housing awarded six infrastructure projects worth more than $1bn USD
11:46 GMT

Construction and transport sector contracts worth over $39 billion have been awarded for projects in the GCC in the first half of 2013, Qatar Rail is the top ranked awarding client and ABV Rock is the top ranked contractor by value of contracts awarded.