Construction & Real Estate

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Spending on interiors is expected to increase 28 per cent
May 20, 2013 - 13:48 GMT
The UAE is expected to be the biggest spender in the GCC on home interiors and fit-outs, with an estimated $1.5 billion (Dh5.5 billion) budget in 2013 as the country’s residential market continues to grow.

May 8, 2011

Hitmi bin Ali Al-Hitmi, Barwa Chairman, Abdulla Abdulaziz Al Subaie and Khalid Mubarak Al-Dulaimi, Board Member, and a group of senior management executives during the visit
07:29 GMT

HE Mr. Hitmi bin Ali Al-Hitmi, Barwa chairman, accompanied by Mr. Abdulla Abdulaziz Al Subaie and Mr. Khalid Mubarak Al-Dulaimi, Board Member and a group of senior management executives visited Barwa Al-Sadd project yesterday.

Mohamed Alabbar, Chairman of Emaar Properties with members of the management team who met to discuss the company's action plan
06:38 GMT
(press release)

Emaar Properties has established a management team to develop and roll-out a five-year corporate strategic action plan for long-term value creation.

May 5, 2011

Ibrahim Al Janahi, Deputy CEO and Chief Commercial Officer, Jafza during the opening ceremony
12:57 GMT
(press release)

Danube Building Materials has announced the opening of its new AED 40 million, state-of-the-art warehouse in Jafza South.

May 4, 2011

Mounir Husseini, Senior Partner and Head of the Investor Coverage Group
13:27 GMT
(press release)

Abraaj Capital announced today that it has been named the top private equity group in emerging markets worldwide.

Khalid Al-Hitmi, CEO of Barwa Financial District
08:54 GMT
(press release)

Barwa Real Estate, announced the appointment of Mr. Khalid Abdulla Al-Hitmi as CEO of Barwa Financial District, and Mr. Ahmad Abdulrahman Al-Sayed as Acting General Manager of Barwa Village.

May 1, 2011

Barwa has recorded net profits of QR548 million, a 161 per cent increase over the profits of QR210 million for the same period last year
09:25 GMT
(press release)

The Barwa Group, one of Qatar’s global leading investment and real estate companies, has announced its interim consolidated financials for the first quarter of 2011.

April 28, 2011

The company maintains a strong balance sheet with net assets as at the end of the first quarter 2011 of AED 6.3bn
06:59 GMT
(press release)

Sorouh Real Estate “the Company” or “Sorouh”, the Abu Dhabi-based real estate developer, today announced its first quarter results for the period ended 31 March 2011.

April 27, 2011

The Abraaj Capital Art Prize is globally unique in that it rewards artistic proposals rather than finished works of art
09:27 GMT
(press release)

Abraaj Capital Art Prize artworks at Art Dubai last month, ACAP encourages artists working from the Middle East, North Africa and South Asia (MENASA) region to apply for the next edition of the prize.

Maktoum Hasher Al Maktoum, President of Al Fajer Properties
07:18 GMT
(press release)

Al Fajer Properties today said it has become the first in Dubai to launch a post-delivery aftermarket sales and service to its investors for their finished properties.

April 26, 2011

Deep Marwaha, Group Director from IIR Middle East
14:36 GMT
(press release)

Cityscape Jeddah to be held between 11 - 13 June 2011 at the Jeddah Center for Forums & Events, will firmly place the spotlight on the Middle East’s largest real estate market – Saudi Arabia.

Amin Al Arrayed, General Manager of First Bahrain
13:37 GMT
(press release)

First Bahrain, an innovative regional real estate developer, announced today it has repaid in full a US $ 1.5 million loan to Kuwait Finance House (KFH).

Khalaf Al Habtoor, the Chairman of the Al Habtoor Group
13:16 GMT

The Chairman of the Al Habtoor Group, recently met with top executives from Standard Chartered Bank to discuss the possibility of embarking on a shared business venture.

April 25, 2011

Dr. Khon presenting Mr. Al Habtoor with a plaque to commemorate the meeting
13:38 GMT

Khalaf Al Habtoor, Chairman of the Al Haboor Group, met with Dr Thong Khon, Minister of Tourism for the Kingdom of Cambodia, on April 21, to discuss the possibility of investment in Cambodia.

The Courtyard, which earns its appeal from its open-air rooftop terrace, is one of the properties that will be developed by Damac Properties in Amman
11:36 GMT
(press release)

Luxury developer Damac Properties has announced it has awarded the main construction contract for the completion of its projects in Amman, Jordan.

Government measures to stave off negative sentiment stabilise residential sales and rental rates
08:40 GMT
(press release)

Jordan’s property sector remains stable, with minor price increases in residential sales amid the political unrest that has slowed the property market, says Asteco’s latest Q1 Jordan report.