Construction & Real Estate

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Price hikes resulted in fewer property sales in Q2 across the MENA region (Image: Dubai Marina)
Today
As developments are on the rise across the MENA region, the increase of prices have diverted first time buyers from purchasing new homes.

November 27, 2012

Msheireb Downtown Doha
08:40 GMT
(press release)

Msheireb Properties announced that it had awarded the contract for the construction of the raft foundations of Phase 3 of its flagship project Msheireb Downtown Doha to HBK Contracting Company.

UAE National Day
06:07 GMT
(press release)

Global property developer Emaar Properties will herald in the celebrations of the season with the second Downtown Dubai Parade, National Day.

November 26, 2012

Housing prices in Jordan are set to surge by 15 - 20 per cent
07:42 GMT

Residential property prices in Jordan are expected to surge by 15 to 20 per cent next summer, caused in part by the government's decision to increase the cost of fuel, adding to inflation woes and hurting already hard-pressed citizens.

November 25, 2012

Time for Dubai 3.0 with a new mega-city plan
11:49 GMT

An ambitious new mega-city, including the world’s largest mall and a park bigger than London’s Hyde Park, was announced yesterday— kickstarting the “Dubai 3.0” development plan, according to a statement from the Dubai Government’s media office.

Masood Al Awar, CEO, TASWEEK Real Estate Marketing & Development
07:01 GMT
(press release)

Several foreign real estate firms are eyeing strategic partnerships with the UAE’s top property players to capitalize on the positive outlook for the local market.

GDP down in Egypt
06:56 GMT

As figures released show that Egypt's debt and deficit are increasing, the latest figures also show that Egypt’s economy growth rate dropped again, to 2.6 per cent, down from 3.3 per cent.

The World Bank is to offer financial and technical assistance to Yemen
06:40 GMT

The World Bank has approved US$90 million to fund various projects in Yemen, after successful talks in Cairo. The money will also come with technical assistance and the provision of "institutional support".

November 20, 2012

Emaar Properties
10:28 GMT
(press release)

Emaar Properties

Masood Al Awar, the CEO of TASWEEK Real Estate Marketing & Development
07:32 GMT
(press release)

Masood Al Awar, the CEO of TASWEEK Real Estate discussed market trends and the prevailing positive industry outlook in a keynote speech delivered during the 7th Arabian Business Economic Forum.

November 18, 2012

DAMAC Properties
06:09 GMT
(press release)

DAMAC Properties has announced the signing of a memorandum of understanding (MoU) with Al Fao General Engineering Company.

Msheireb Properties-Fikra at the Msheireb Enrichment Centre
04:42 GMT

Msheireb Enrichment Centre hosted Qatar’s first Human Development Majlis organized by FIKRA Consulting and Research.

November 14, 2012

Abu Dhabi has introduced rental price control to increase 'stability'.
12:13 GMT

Abu Dhabi has capped annual rent increases at five per cent and extended tenancy contracts stipulated in the rent law to November 9, 2013.

John Stevens, Managing Director, Asteco Property Management
08:53 GMT
(press release)

Asteco Property Management has announced that John Stevens has been promoted to the position of Managing Director, with a mandate to take the Dubai-headquartered firm’s real estate capabilities.

November 8, 2012

During the visit
04:45 GMT

The Chairman of the Al Habtoor Group received Major-General Mohammad Ahmed Al Marri at the Al Habtoor Group head office.

November 5, 2012

During the event
08:38 GMT
(press release)

Msheireb Properties has appointed Brookfield Multiplex Medgulf WLL, as the main building contractors responsible for a key section of the master plan of the QR20 billion Msheireb Downtown Doha.