Construction & Real Estate

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Buying a home is a dream for many, however the financial commitment can be daunting (Shutterstock).
September 18, 2014 - 04:55 GMT
That “dream” home can quickly turn into a nightmare if you’re constantly struggling to make payments on it.

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.

August 5, 2013

Solar panels, Msheireb Downtown Doha Project
09:12 GMT
(press release)

The first photovoltaic solar panels have been installed in thefirst phase of the QR 20bn Msheireb Downtown Doha project by Innovations Unlimited ME.

August 4, 2013

Ramadan tent activities in DPG communities
09:38 GMT
(press release)

Dubai Properties Group hosted a series of traditional Ramadan tent events across its different DPG communities during the holy month.

August 1, 2013

Total housing stock in the Saudi housing market is expected to expand by 2.2 million units during the next 8 years
13:55 GMT

A long-awaited mortgage law approved by Saudi Arabia in 2012 will have a limited impact on the housing market in the short term as the law mainly addresses demand not supply.

July 31, 2013

The majority of suppliers and specialist contractors appear to be holding their prices to protect market share and profit margins
07:45 GMT

The construction sector is currently facing a range of obstacles, including increased prices of industrial fuel, higher taxes and high foreign exchange costs.

July 30, 2013

Mohamed Sultan Al Qadi, MD & CEO of RAK Properties
06:19 GMT
(press release)

RAK Properties, Ras Al Khaimah’s biggest property developer listed on Abu Dhabi Stock Exchange, has earned a net profit of AED 51.10 million in the second quarter of 2013.

July 29, 2013

RAK Properties
12:22 GMT
(press release)

RAK Properties has earned a net profit of AED 51.10 million in the second quarter of 2013.

Downtown Dubai by Emaar Properties
12:02 GMT
(press release)

Emaar Properties recorded first-half 2013 (January to June) net profit of AED 1.231 billion (US$ 335 million) similar to the first-half 2012 net profit of AED 1.220 billion (US$ 332 million).

DPG Ramadan Cannon JBR
07:22 GMT
(press release)

JBR, the iconic Dubai Properties Group destination in Dubai is celebrating the holy month of Ramadan by placing a traditional Ramadan cannon on The Walk at JBR.

July 28, 2013

Sharjah
09:41 GMT
(press release)

Sharjah’s residential rental market is on the ascendant according to the latest Northern Emirates Focus report from leading UAE property management company, Asteco.

July 25, 2013

Transactional activity improved in Abu Dhabi over the last few months, with purchasers encouraged by a wider choice of available properties
10:55 GMT

Abu Dhabi will see existing residential supply augmented by the handover of 3,500 units and a rush of standalone tower projects during the second half of the year, offering mid-level investors a wide choice of properties.

July 24, 2013

Abu Dhabi
11:06 GMT
(press release)

Abu Dhabi is primed to offer mid-level investors an increasingly wide choice of properties for buyers looking to enter the local real estate market.

Mohamed Sultan Al Qadi, MD & CEO of RAK Properties
05:46 GMT
(press release)

The Board of Directors of RAK Properties will meet on Sunday (28 July 2013) to announce the financial results of the first half of 2013.