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.
July 10, 2014 - 03:14 GMT
London’s property market has always been a favourite for investors from the Middle East.

June 24, 2013

The transactions took almost a year to complete due to the complex structures
10:29 GMT

Two units of Saudi Arabia's Fawaz Alhokair Group have signed sharia-compliant financing facilities worth 4.6 billion riyals ($1.2 billion) to fund real estate developments, a statement said on Sunday.

June 23, 2013

Bay Square
06:02 GMT
(press release)

Dubai Properties Group, a member of Dubai Holding, has today announced that two buildings in its Bay Square development located in Business Bay are complete and a further four are at the final stages of completion.

June 17, 2013

Dar Al-Arkan Real Estate topped the volume chart
12:07 GMT

The Saudi stock market turned green yesterday, recovering half percent from the biggest dip of previous day.

The statement gave no timeframe for the capital increase or the regulatory approval process.
06:00 GMT

Palm Hills, Egypt's second-biggest listed property developer, plans to increase its capital by 600 million Egyptian pounds ($85.8 million) through a rights issue.

June 16, 2013

UDC is the developer of a man-made island in Doha
12:46 GMT

United Development Co (UDC) , the developer of a man-made island in Doha, said on Thursday that is raising a 1.56 billion riyals ($428.4 million) loan facility from Qatar National Bank.

June 13, 2013

Sorouh and Aldar weigh $15 billion merger plan
10:39 GMT

Abu Dhabi property firms Aldar Properties PJSC and Sorouh Real Estate said the two companies expect to close their state-backed merger by June 30, pending a ministerial resolution approving the deal.

June 12, 2013

AKOYA by DAMAC
09:34 GMT
(press release)

DAMAC Properties, the largest private developer of luxury real estate in the Middle East, has announced the launch of the first phase of sales for luxury villas within the ‘AKOYA by DAMAC’.

The UAE and Saudi Arabia are the largest auto component markets in the GCC
06:00 GMT

The recovery of the Dubai property market has led to a boost in the consumption of auto parts, according to exhibitors at Automechanika at the Dubai International Convention and Exhibition Centre. The event opened on Tuesday.

June 11, 2013

Saudi Landbridge
13:19 GMT

Saudi Arabia is currently undertaking ground-breaking transformations in the transportation sector and Huawei Technologies aims to place the passengers at the heart of the new transformation by emphasizing safety, comfort and reliability as critical components of railway infrastructure.

June 10, 2013

According to prosecution records, J.B. abused her post at the Dragon Mart administration and forged the blank cheques worth more than Dh1.3 million and wrote J. T.’s name as the beneficiary
10:52 GMT

A former woman executive with Nakheel allegedly fled to her home country after embezzling more than Dh1.3 million worth of tenancy contract cheques, a court heard.

During the event
09:45 GMT

Khalaf Ahmad Al Habtoor congratulated senior executives from the Al Habtoor Group who were recently awarded by external bodies for excellence in their respective professions in the United Arab Emirates.

Emaar launches new residential project
05:30 GMT

Emaar Properties has unveiled its newest residential development in the city.

June 6, 2013

Overview of the Business Bay
12:24 GMT

Dubai-based Arabtec Holding said yesterday it has been awarded a Dh810 million contract to build a 5-star hotel and apartments in Business Bay Dubai.

June 5, 2013

While 1,842 of the total buildings were new, 137 were extensions to existing ones.
11:26 GMT

A total of 2,461 residential units were completed in Abu Dhabi during the first quarter of 2013, down 6.2 per cent compared to Q1 2012, according to official data from the Statistics Centre – Abu Dhabi (SCAD).

May 30, 2013

A team of Freezone Sohar officials visited India recently
05:00 GMT

With Indian companies and investors continuing to evince interest in Freezone Sohar, the economic hub is aiming to double investment from India to US$250mn in the coming two years from the present US$125mn.