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.

May 19, 2014

Jordan
09:52 GMT
(press release)

Apartment rental rates remained relatively unchanged compared with Q4 2013, as demand levels were steady and no significant new supply was added to the real estate inventory in Amman.

Tripartite talks were held between Egypt, Sudan, and Ethiopia in November, December and January but no agreement was reached
00:40 GMT

Tensions between Egypt and Ethiopia have persisted amid failed tripartite talks with Sudan regarding the GERD.

May 18, 2014

“We want to provide more protection to expat community and workers in this country, to provide more protection and safeguard their rights,” said Salih Saeed Al-Sahwi from the Ministry of Labour and Social Affairs, as quoted by Doha News.
11:48 GMT

Reacting to international backlash about the treatment of expatriate workers and labor laws of the country, the government of Qatar has announced several changes to its labor system.

“It is the largest concrete raft in the world. In places, the thickness is five metres,” said Hammoud.
03:55 GMT

The over one kilometre tall Kingdom Tower will replace Dubai’s Burj Khalifa, 828 metres tall, as the highest in the world.

May 14, 2014

Ismaik said that the club’s achievements had led Arabtec to sign a regional sponsorship deal, adding that the deal will help achieve the interests of both parties. (Image courtesy of sportsvivo.com)
23:28 GMT

Arabtec will also receive certain rights to use the Manchester City logo, in addition to tickets and programmes for prominent figures to attend the club’s games

May 11, 2014

Remraam community in DUBAILAND
06:56 GMT
(press release)

Dubai Properties (DP), Dubai Properties Group (DPG)’s dedicated project development company, has launched 200 units for sale at its popular Remraam community in DUBAILAND.

May 8, 2014

It is targeting global players in high-margin sectors such as oil and gas, power plants, infrastructure, and facility management of huge industrial plants, he said.
15:42 GMT

Dubai builder Arabtec said its first-quarter net profit more doubled on the back of a strong delivery of projects and growth in its Gulf businesses.

Tenants have said that the law would displace thousands of families who rent in Beirut under an old law that governs lease contracts enacted before 1993.
05:28 GMT

President Michel Sleiman refused Wednesday to sign a controversial new rent bill into law, arguing that it was unfair, prompting a brief protest by a group of landlords.

Out of the total, 14,438 transactions were in Amman alone, accounting for 42 per cent, and 19,560 transactions were in other governorates, accounting for 58 per cent.
00:54 GMT

Real estate trading in the Kingdom went up by 26 per cent during the first four months of 2014.

May 7, 2014

The Suez Canal is the fastest shipping route between Europe and Asia and brings around $5 billion a year.
03:55 GMT

The Suez Canal project was a main feature in the campaigns of the most prominent candidates in the 2012 election.

Asked about the delays, as the scheme was supposed to open in 2010, he mentioned financial troubles faced by some investors after the global financial crisis. (Image: The Jordan Times)
03:02 GMT

The Boulevard is part of the $5 billion Abdali project, the largest mixed-use urban development scheme in Amman.

May 6, 2014

Construction work on the Jeddah Metro will start in 2015 (File/AFP)
11:17 GMT

AECOM Technology Corporation has been awarded an 18-month contract to provide management consultancy services to the Jeddah Metro Company.

May 5, 2014

During the event
11:38 GMT
(press release)

RAK Properties, Ras Al Khaimah's (RAK) biggest property developer listed on the Abu Dhabi Stock Exchange, held groundbreaking ceremony recently for its landmark development project, Flamingo Villas.

Constella
08:52 GMT
(press release)

DAMAC Hotels, the hospitality arm of DAMAC Properties, has officially launched the first fully certified Sharia-Compliant serviced hotel apartments in Dubai during the Arabian Travel Market (ATM) Exhibition.

"We're in boom-time prices, more expensive than we've ever been in the history of mankind," Nick Candy, one of the developers of London's One Hyde Park luxury apartments, at the pinnacle of the capital's super-prime residential sector, told Reuters.
03:55 GMT

Buoyed by the wealth of Russian oligarchs, Chinese tycoons and Arab sheikhs, London has become one of the most expensive markets on earth, raising concerns ahead of parliamentary elections in 2015 that locals are being squeezed out of the market.