Construction & Real Estate

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Over the last 12 months, investor and developer sentiment about Dubai’s property market has swung from extreme exuberance to one displaying a more measured outlook.
December 25, 2014 - 03:55 GMT
When it comes Dubai’s property market, euphoria may not necessarily be a good thing.

November 4, 2014

Masood Al Awar, CEO, TASWEEK Real Estate Marketing and Development
09:05 GMT
(press release)

TASWEEK has announced that the 160-bed private hospital forming part of the Marrakesh Healthcare City development in Morocco’s third largest city will be completed by Q4 of this year and commence operations by the first half of 2015.

DPG Celebrates UAE Flag Day at Business Bay Offices
08:53 GMT
(press release)

Dubai Properties Group (DPG), master developer of world class destinations in Dubai including Business Bay, DUBAILAND, JBR and Culture Village, celebrated the UAE’s Flag Day at its Business Bay Office yesterday.

November 3, 2014

RAK Properties
12:17 GMT
(press release)

RAK Properties joined the whole nation in celebration of UAE Flag Day today with a flag raising ceremony at Julphar Towers, located right in the heart of the city.

November 2, 2014

Rental rates across Sharjah grew two per cent quarter-on-quarter during Q3 2014.
13:45 GMT

Real estate market values in Sharjah and the other northern emirates are largely dictated by what is happening in neighbouring Dubai.

Dubai Wharf Project
05:58 GMT
(press release)

Dubai Properties (DP) has appointed the Engineering Contracting Company (ECC L.L.C) as the lead contractor for the 800 million dirham project.

These stadiums, which will have a capacity of 45,000 spectators, will be built on the lines of the hitech King Abdullah Sports City located 50 km from Jeddah,
04:55 GMT

Aramco has been ordered by Saudi monarch King Abdullah to build these stadiums

October 30, 2014

Dubai Downtown
04:58 GMT
(press release)

Emaar Properties recorded a net operating profit of AED 2.489 billion (US$ 678 million) during the first nine months of 2014, driven by robust financial fundamentals, surging investor confidence and Dubai’s strong economic growth.

Top officials said that they are not looking at demand on a year by year basis but what happens over the longer term.
01:00 GMT

Dubai is aiming for another notch in the “tallest” stakes by building what would be the world’s tallest twin towers.

October 28, 2014

The IMF had previously warned that rapid rises in Dubai real estate prices, which earlier this year were in some cases a third higher than they were 12 months previously.
16:50 GMT

Increases in Dubai's property prices have moderated quite a lot and the International Monetary Fund (IMF) is now less concerned about them than it was in May

October 27, 2014

Dubai Creek Residences
10:47 GMT
(press release)

The unmatched serenity of waterfront living along the historic Dubai Creek and spectacular vistas of the city’s glistening skyline differentiate the newest residential property launch by Emaar Properties and Dubai Holding.

October 21, 2014

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
10:18 GMT
(press release)

TASWEEK Real Estate Development and Marketing has announced that work on the third unit investment of an 11-villa resort being developed under a joint venture with Casabrina Vacation Villas has begun.

Manazel AlKhor
10:08 GMT
(press release)

Real estate developer, Dubai Properties (DP), has announced the completion of a number of key construction milestones in Manazel AlKhor development.

October 20, 2014

The bright and airy reception which welcomes every guest to Canal Views
10:48 GMT
(press release)

Leading real estate developer DAMAC Properties has opened a 211 deluxe hotel suites tower in the Burj Area of Dubai.

Average apartment and villa rental rates dropped by two per cent and three per cent respectively compared to second quarter figures.
04:55 GMT

Dubai’s real estate sector registered a slowdown in rents and sales prices during the third quarter of the year.

October 19, 2014

The company, which saw annual revenues of over $4.5 billion in 2013, employs 130,000 people and conducts operations across the Middle East, Africa, Asia and North Americ
23:08 GMT

CCC, one of the largest construction companies in the Middle East, was founded by Khoury in 1952 along with his cousin Hasib Sabbagh and Kamel Abdul-Rahman.