Construction & Real Estate

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“There are a huge number of macro trends which have driven London, from the Arab Spring, through to exchange rates, through to Argentina defaulting and Ukrainian money coming in.”
October 19, 2014 - 04:55 GMT
“A lot of the Middle Eastern buyers are next generation. They went to university in the US and the UK....They don’t want to stay in dad’s house in Knightsbridge."

September 16, 2013

The SAR353 million ($94 million) contract has been awarded to construct a 150 metre high, luxury serviced apartments tower in the strip on King Fahad road whose interiors will be designed by Italian fashion house Fendi.
11:13 GMT

Damac Properties announced that it has awarded the main construction contract for its Riyadh project, Damac Esclusiva Luxury Serviced Apartments to construction company Haramain Gate.

The development has been conceptualised to host 15,000 residential units including 2,500 townhouses and villas as per the current master plan.
07:33 GMT

The approximately 2.5 million sq m mixed-use community will take shape about 14.5 km from the Baghdad city centre.

07:10 GMT
(press release)

DAMAC Properties has announced it has awarded main construction contract in its Riyadh project DAMAC Esclusiva Luxury Serviced Apartments worth of SAR 353 Million to Haramain Gate for Construction.

September 15, 2013

Behind this acceleration in population growth lie the jobs created by the large infrastructure investment currently underway (Pictured: Doha city).
12:09 GMT

The new wave, QNB said, is mainly driven by expatriates filling in jobs created by the large ramp-up in infrastructure investment to prepare for the 2022 World Cup

September 11, 2013

During the event
08:02 GMT
(press release)

Dubai Properties Group (DPG), a member of Dubai Holding, recently held its first staff briefing session about Dubai Expo 2020 in collaboration with Dubai Expo 2020 team.

September 10, 2013

Tatham said the Arab Spring and tougher European tax regimes had led to an increase in property investment by expatriates.
14:11 GMT

Along with Dubai being seen as a safe location for investment by Arab Spring investors it was also becoming the ideal location for Saudi, Kuwaiti, and Qatari investors looking to buy a second home

September 9, 2013

The annual study, which benchmarks building costs in 47 countries, found that relative construction costs across the globe have been affected by substantial fluctuations in currency throughout the year.
10:44 GMT

Qatar and UAE remain in the top 20 most expensive locations to build, and with inflation running at around five per cent per annum, KSA has continued to move up the cost curve.

RITAJ has set a new benchmark in modern lifestyle
10:07 GMT

RITAJ has announced a new campaign where it is offering prospective investors an unbelievable Return on Investment [ROI] of 8.5 per cent in the short-term.

September 8, 2013

The NBK pointed out that the investment sector sales totaled KD176 million in July, almost double the amount seen a year earlier.
08:33 GMT

The increase in the average transaction size was partially caused by some y/y increase in the average size of homes purchased in July, but was mostly due to an increase in the average price per meter-square of both homes and plots.

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.