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.

April 17, 2011

One of the spectacular Andalusian villas in Phase III of Bawabat Al Sharq
08:31 GMT

Baniyas Investment and Development Company (BID), the investment arm of the Baniyas Sports Club, has announced the launch of 153 spectacular Andalusian villas in Phase III of Bawabat Al Sharq.

April 13, 2011

Analysts estimate Qatar will spend about $90 billion over the next 11 years on housing and infrastructure
12:37 GMT
(press release)

Damac Properties, the Middle East’s largest independent real estate developer, has announced that it has awarded three main construction contracts in Qatar worth AED 602,685, 827.

The company was able to boost profitability by increasing revenues by 4.5 per cent with minimal administrative expenses
11:47 GMT
(press release)

Tasweek Real Estate Development & Marketing reported second year profits with a solid increase in shareholders’ equity by 7.8% along with strong liquidity position for the year ended 31 December 2010.

Apartment rentals averaged a decline of 2% over the quarter, though drops of as much as 5% and 7% were seen in selective areas of Dubai
10:11 GMT
(press release)

For the first quarter in nearly two years there has been a virtual stabilisation with slight declines in certain areas according to the Q1 2011 report from leading UAE property management, Asteco.

April 12, 2011

75% of Bawabat Al Sharq Mall has been leased
09:52 GMT

Baniyas Investment and Development Company has announced that 75% of Bawabat Al Sharq Mall, the state of the art shopping center in the city of Bani Yas has been leased.

April 11, 2011

Cityscape Abu Dhabi to take place from 17-20 April at Abu Dhabi National Exhibition Centre
13:04 GMT
(press release)

Cityscape Abu Dhabi 2011 aims to aid the restoration of investor confidence and knowledge at the region's most premier exhibition for the real estate industry.

Average leasing rates for Q1 2011 fell 8% across both apartments and villas
10:12 GMT
(press release)

Rental prices in Abu Dhabi continued their downward trajectory in the first three months of 2011 with declining trends continuing from last quarter, according to the latest Q1 2011 report from Asteco.

Hitmi Bin Ali Al-Hitmi, Chairman of Barwa
07:09 GMT
(press release)

Barwa Real Estate announced today that an emergency co-ordination meeting between HE Hitmi bin Ali Al-Hitmi, Chairman, and Dr. Mohamed Asad Al-Emadi, GCEO & MD, was held.

April 10, 2011

Commercial rents in Abu Dhabi have fallen, with a year on year drop of 31%
11:16 GMT
(press release)

Cluttons, the real estate specialist that has enjoyed a dedicated presence in the Middle East since 1976 today issues its Abu Dhabi market reports for Q1 2011.

Mohamed Jeneby, Kenyan property investor who took possession of a one-bedroom apartment at Emirates Gardens
09:53 GMT
(press release)

According to a recent customer survey by Damac Properties, its Emirates Gardens development scored an unprecedented 96 per cent approval rating with residents.

Baniyas Garden Homes and Apartments
07:34 GMT

Baniyas Investment and Development Company, the investment arm of the Bani Yas Sports Club, will showcase Bawabat Al Sharq Phase II premium Garden Homes and Apartments at Cityscape Abu Dhabi 2011.

April 6, 2011

Capital Gate, Abu Dhabi’s world famous signature tower
12:33 GMT
(press release)

ADNEC, has launched commercial leasing of the tower which is located adjacent to the Abu Dhabi National Exhibition Centre in the UAE capital.

Bawabat Al Sharq complete community project
11:21 GMT

Abiding by its commitment to progress in construction and focus on timely delivery, Baniyas Investment and Development Company has engaged 3 contractors to work simultaneously on the Bawabat Al Sharq.

Property prices in Beirut have increased by an average of about 25% a year, for the past 5 years
11:16 GMT
(press release)

Beirut’s real estate market is continuing to boom, according to the Middle East’s largest private developer DAMAC Properties.

Tasweek: UAE market showing positive signs of maturity that are shaping up sound market fundamentals
09:14 GMT
(press release)

Tasweek Real Estate Marketing & Development, a property adviser and solutions provider in the Middle East, has recently released its latest analysis on the UAE’s real estate market.