Construction & Real Estate

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When looking for a real estate agent you can trust, the first thing to take note of is their license and other credentials.
January 28, 2015 - 15:43 GMT
Overestimating the selling price for a property is one of the oldest tricks in the real estate agent’s book.

November 26, 2013

KSA hopes the new port in Al-Lith will ease pressure on the overcrowded Jeddah port (Courtesy of Arabian Business)
08:39 GMT

Saudi Arabia announced Tuesday that it will build a massive, 43 million square port on its west coast to "lure investment" and "ease pressure on Jeddah."

November 25, 2013

Khalid Barashid, a property dealer, said the raids have pushed down land prices by 30 percent in suburban areas and wiped out illegal dealers.
09:51 GMT

The government’s correction campaign has pushed land prices down by 30 percent and closed more than 80 percent of unlicensed real estate offices, local media said quoting property experts.

November 24, 2013

KSA will focus its infrastructure spending over the next twenty years on electricity and water facilities' upgrades (Courtesy of Arabian Business)
09:22 GMT

Saudi Arabia announced Sunday that it will spend $187 billion over the next 20 years in infrastructure projects.

The United Arab Emirates capital slapped a five per cent cap on annual rent hikes in January 2008 after surging demand drove rents higher and inflation with them.
05:44 GMT

Abu Dhabi has decided to scrap a five per cent cap on annual rent increases, the emirate’s top decision making body said, opening up a property sector where many are paying below current market rents.

November 20, 2013

Rick Fedrizzi, President of U.S. Green Building Council awards Eng. Jassim Telefat, Group Executive Director of QF Capital Projects
11:59 GMT

In less than a decade, Qatar Foundation for Education, Science and Community Development has emerged as a regional leader in the green building movement. With extraordinary plans to become one of the world’s most sustainable communities, its futuristiccampusisa remarkable feat of eco-friendly design and excellence.

Dubai’s price increases so far have been built on solid fundamentals such as trade and tourism. (Image credit: Shutterstock)
06:24 GMT

Dubai's real estate market has rebounded after the 2009 global financial crisis.

The GCC region will commit almost two thirds of construction spend between 2013 and 2016 - with a peak of $144 billion in construction in 2016. (Image credit: Shutterstock)
05:56 GMT

Spurred on by events such as the FIFA World Cup, the Middle East will see over 1 trillion dollars in construction over the next twenty years.

November 19, 2013

Amnesty International (AI) has said it has time and again raised the issue of the sponsorship (Kafala) and exit permit systems, but no commitment to repeal these have been given to them by the Qatari authorities till date.
09:48 GMT

In contrast, sponsors have the power to prevent their workers from moving jobs, can block workers from leaving the country without needing to provide any justification and have the right to terminate a worker’s employment and have his or her residency permit cancelled by the authorities.

November 18, 2013

“Average asking prices in Dubai today stand at AED 5.1 million while those in the capital figure at AED 3.3 million.
17:47 GMT

Whilst Abu Dhabi’s property prices have increased over the course of this year, Dubai’s residential prices have risen more significantly, widening the gap in property values between the two emirates.”

Masood Al Awar, CEO of TASWEEK Real Estate Development and Marketing
05:50 GMT

TASWEEK Real Estate announced that it is looking at potential deals with investors worth a whopping AED 1 billion for four iconic real-estate opportunities across Dubai and Abu Dhabi.

November 17, 2013

Across the Middle East, the report found that in excess of 117 major programmes are planned for completion by 2030 costing more than US$1 trillion.
17:52 GMT

If you guessed anything around $1 trillion, then you were probably right.

November 12, 2013

Sotheby's Middle East headquarters in Riyadh is set to open before the end of the month (Courtesy of Bloomberg)
13:50 GMT

Sotheby’s International Realty Affiliates LLC announced Monday that it signed a 25-year agreement to develop Sotheby's brand throughout Saudi Arabia, Bahrain, and Kuwait opening its first office in Riyadh later this month.

November 11, 2013

The United Arab Emirates has ranked eighth in the world in a survey of the most important global buyers of new build property.
04:55 GMT

“International investors want liquidity. They want the best places to invest and be secure,” said Sarah May-Brown, associate director of International Residential.

November 10, 2013

Emaar Rosa Villas in Arabian Ranches
09:34 GMT
(press release)

Emaar Properties has launched spacious and elegantly designed ‘Rosa’ villas, the newest addition to the well-established and much sought-after lifestyle community, Arabian Ranches.

November 7, 2013

During Event
12:01 GMT
(press release)

Under the patronage of H.E. Eng. Abdullah Bin Abdulrahman Al-Mogbel, the Mayor of Riyadh, Riyadh Exhibitions Company organized the 25th Anniversary Dinner for Saudi Build 2013, the 25th International Construction Technology and Building Materials Exhibition, at the Ritz Carlton Hotel in Riyadh.