Construction & Real Estate

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More than $40 billion worth of new contracts were awarded in the GCC during the first quarter of 2014 alone (File Archive)
April 17, 2014 - 07:40 GMT
2014 is promising to be a record-breaking year for the GCC's construction industry.

February 16, 2014

Saudi Arabia is planning to open 26 new hospitals throughout the Kingdom, but the government has claimed that land shortages have stalled healthcare development nationwide (File Archive)
15:00 GMT

Saudi Arabia is claiming that land shortages are the reason it has been unable to implement over 220 new health projects throughout the Kingdom.

February 12, 2014

Only 25 percent of KSA projects are implemented on time (Courtesy of Emirates 247)
14:00 GMT

Saudi Arabia is losing $27 billion every year due to "deliberate stalling of construction projects by corrupt government officials."

February 11, 2014

Qatar will build five stadiums for the 2022 World Cup (File Archive)
13:11 GMT

Qatar has begun construction on its first of five stadiums that it is building in preparation for its hosting of the 2022 FIFA World Cup.

Mohammad Sultan Al Qadi, Managing Director and CEO, RAK Properties
12:27 GMT
(press release)

RAK Properties has announced net profit of AED 151 million for the year ended 31st December 2013, compared to AED 147 million in 2012.

February 10, 2014

US-based Reef Worlds is planning to invest $3 billion in underwater tourism in the UAE (Courtesy of The National)
12:58 GMT

US-based developer Reef Worlds announced plans this week to build underwater cities and tourism sites near Dubai.

Remraam Community Pool
09:42 GMT
(press release)

DPG has revealed details of further enhancements at its thriving Remraam community in DUBAILAND, including plans for a Géant Easy supermarket set to open in the first half of 2014.

February 9, 2014

2014 to be expected another positive year for real estate sector in the UAE, Dubai in particular
09:41 GMT

There will be tremendous demand for offices and commercial properties in Dubai this year, due to the rising confidence in both the emirate’s economy and the real estate sector.

February 6, 2014

Saudi Arabia hopes it $9.5 billion investment in building the new mining industrial city will increase economic growth to the Kingdom (Courtesy of Arabian Industry)
12:00 GMT

Saudi Arabia just signed $9.5 billion worth of contracts to establish a new industrial city in KSA focusing on mining.

Emaar Properties
05:55 GMT
(press release)

The long-term corporate credit rating on Emaar Properties, the global developer of ionic projects, has been upgraded by Standard & Poor’s Rating Services to ‘BBB-’ from ‘BB+’ with a stable outlook.

The Gulf Arab state is spending billions of dollars in areas such as transport, electricity and water generation and housing,
03:55 GMT

Qatar plans to spend as much as $205 billion on infrastructure between 2013 and 2018,

February 5, 2014

During the event
10:24 GMT

TASWEEK Real Estate Development and Marketing has forged a partnership with Investvine.com, the fast-growing news channel of Hong Kong-based business intelligence company Inside Investor.

February 3, 2014

The Palm Jumeirah continued to be the most expensive area to rent a villa, the report found
16:47 GMT

The report attributed the spike in rents to continued unrest in the wider Arab region, Dubai’s successful Expo bid and an expanding economy.

February 2, 2014

Emaar Yasmin villa
11:01 GMT
(press release)

Emaar Properties is marking the launch of its first Arabesque-style villa community in Arabian Ranches, one of the most sought-after and established lifestyle neighbourhoods in Dubai.

Completion of the first major construction phase at DAMAC Towers by Paramount
10:20 GMT
(press release)

DAMAC Properties has announced the completion of the first major construction phase at DAMAC Towers by Paramount.

January 30, 2014

Khalid Al Malik GCEO of Dubai Properties Group
06:59 GMT
(press release)

Dubai Properties Group announced its partnership with Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of Tourism and Commerce Marketing.