Construction & Real Estate

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The housing challenges in the region are profound.
October 22, 2014 - 04:55 GMT
The young demographic structure of the GCC region is creating a surge in demand for housing.

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.

July 23, 2013

The government has built over 100,000 housing units over the past 50 years but with rapid population growth and constraints on the amount of available serviced land
13:55 GMT

Bahrain’s residential market witnessed an increased level of activity with a number of new developments being announced in the second quarter of the year, said a report.

Mudon Townhouse
11:36 GMT
(press release)

Dubai Properties Group Dubailand and JBR has announced the latest progress at its Mudon townhouse development.

July 22, 2013

Average construction labour costs grew by 15 per cent in June compared with May 2013, reflecting rises in wages for most trades
06:28 GMT

Statistics Centre – Abu Dhabi, or Scad, on Saturday issued its monthly report on the prices of building materials for the month of June and the second quarter of 2013.

July 21, 2013

The drop ranged between 0.1 per cent for paints and 14.8 per cent for wires for residential towers
07:01 GMT

The emirate of Abu Dhabi reported a drop in prices for 15 groups of building materials in June compared with the same period last year, latest data from the Statistics Centre Abu Dhabi (SCAD) showed.

July 18, 2013

Emaar hosts children from Beit Al Kheir
10:39 GMT
(press release)

Emaar Properties hosted children from Beit Al Kheir Society across its leisure attractions.

July 17, 2013

Doha, Qatar
11:15 GMT
(press release)

Residential sales transactions in Q2 2013 reached a three-year high according to the latest Asteco Qatar report.

July 15, 2013

The 50-day average for trading volume is closer to 234.7 million shares
15:55 GMT

The Tadawul All-Share Index reflecting typical trough-peak combination continued inching its way higher to end yesterday’s trading in the green at 7,744.16 points, up 53.78 points or 0.70 percent from the previous level.