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.
Today
London’s property market has always been a favourite for investors from the Middle East.

May 1, 2014

The metro will have 88 stations, providing ease on the holy city's transport system (Image: Mecca Metro)
13:19 GMT

Work on a metro system through Saudi Arabia's holy city is expected to begin in 2016.

During the event
09:31 GMT
(press release)

TASWEEK Real Estate Development and Marketing has announced that its Board of Directors has distributed 60 per cent of its 2013 profits to shareholders as bonus shares.

April 30, 2014

The 50-story tower is due to be completed later this year (File/AFP)
11:45 GMT

A major construction phase of Bahrain Bay has been completed. The tower will house Wyndham Grand Collection Manama hotel and corporate offices upon completion.

April 29, 2014

Downtown Dubai
09:56 GMT
(press release)

Emaar Hospitality Group is highlighting its strategic initiatives to support Dubai’s Tourism Vision 2020 to welcome more than 20 million annual visitors by the turn of the decade at the Arabian Travel Market 2014.

DUBAILAND projects
06:54 GMT
(press release)

Dubai Properties Group (DPG), the development arm of Dubai Holding, today confirmed its participation at the upcoming Arabian Travel Market.

A comprehensive visitor management study has been undertaken around the Dubai Expo 2020 hosting, including city wide traffic and movement flow analysis.
03:55 GMT

The major construction activities on the Expo 2020 site will be completed by October 2019, allowing for a full year of readiness testing across networks, systems and technologies.

April 28, 2014

Mohammed Sultan Al Qadi, Managing Director and CEO, RAK Properties
10:38 GMT
(press release)

RAK Properties revealed its excellent performance for the first quarter of 2014, achieving a net profit of AED 42 million as compared to the AED 40 million posted over the same period in 2013.

Emaar Properties
09:04 GMT
(press release)

Emaar Properties is now offering a convenient option for its long-term investors and end-user customers to ‘skip the line’ and exercise their property purchases without pre-registration.

The units are part of the government’s social housing programme, adopted after the 25 January Revolution, which aims to offer 1m residential units to low-income citizens.
02:10 GMT

Under the supervision of the Engineering Authority of the Armed Forces, more than 6,000 residential units have been constructed in Borg Al-Arab in Alexandria.

Upon completion, it is expected to provide 40,000 housing units across four districts that will house 200,000 to 250,000 people
01:41 GMT

“The Shores of Karbala project is one of the largest of its kind in Iraq."

April 27, 2014

The World Expo 2020 is creating high levels of competition in UAE markets as companies pursue contract for the big event (File Archive/AFP)
14:00 GMT

With the announcement of the successful World Expo 2020 bid, competition among real estate contractors is breeding new levels of innovation and creativity to not only UAE's real estate sector, but the urban planning initiatives and other economic markets overall.

April 24, 2014

The two luxury four and five star hotels will offer over 1,000 rooms (File/AFP)
16:36 GMT

Muscat will award contracts shortly for construction to take place on two hotels, according to Oman Daily Observer.

The response comes ahead of the sales event scheduled for 6 April at the Conrad Hotel Dubai on Sheikh Zayed Road from 9:00am - 6:00pm
08:47 GMT
(press release)

Deyaar Development announced record online booking registrations for purchase of luxury hotel apartments at ‘The Atria’ in Business Bay.

Juman Park is designed to be a special public amenity and we are very pleased to place this major project in the very capable hands of New Job
07:53 GMT
(press release)

King Abdullah Economic City (KAEC) has awarded New Job Contractors Establishment a contract worth SR 43.5 million for the development and landscaping of Juman Park.

Emaar 16th Annual General Meeting
05:30 GMT
(press release)

Emaar Properties declared a total distribution valued over AED 8 billion (US$ 2.18 billion) in cash and bonus shares at its 16th Annual General Meeting (AGM) held in Dubai.