Construction & Real Estate

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Over the last 12 months, investor and developer sentiment about Dubai’s property market has swung from extreme exuberance to one displaying a more measured outlook.
December 25, 2014 - 03:55 GMT
When it comes Dubai’s property market, euphoria may not necessarily be a good thing.

September 23, 2014

James Kaplan, Senior VP Development, Minor Hotel Group with Mohammed Al Habbai, Chief Officer of Urban Planning and Infrastructure at DPG
09:53 GMT
(press release)

Following the launch of its Dubai Wharf development earlier this week, real estate developer Dubai Properties (DP) has revealed details of a third project in the unique Culture Village district - a luxury waterfront hotel.

RAK Properties at Cityscape Global 2014
06:08 GMT
(press release)

RAK Properties received an overwhelming response from interested investors and buyers during its participation at 2014 Cityscape Global, the prime location for real estate investment.

Both Kuwait and Bahrain are expected to witness a major surge in the value of infrastructure projects this year, according to the report
05:55 GMT

The value of new infrastructure projects across the Gulf Cooperation Council (GCC) region is poised to hit $86 billion in 2014, up 77.8 per cent compared to last year, said a report.

September 22, 2014

The Trump Estates at AKOYA by DAMAC
09:51 GMT
(press release)

AKOYA by DAMAC, the 42 million sq ft luxury golf community off Umm Suqeim Road in Dubai, has made great progress since its announcement just over a year ago.

September 21, 2014

The 13th edition of Cityscape Global is all set to welcome more than 35,000 participants from across the world and exhibitor numbers have also jumped to more than 280 for the first time in five years.
20:17 GMT

The Middle East’s largest and most influential property show is also co-located with three dedicated and expert-led conferences.

08:07 GMT
(press release)

Leading luxury real estate developer, DAMAC Properties, has announced it will be developing a second golf course and related facilities in Dubai with the Trump Organisation.

Dubai Wharf
05:54 GMT
(press release)

Dubai Properties has announced the launch of Dubai Wharf, an 800Million Dirham project in the heart of Culture Village, in a new step to further meet the growing housing and leisure demands of Dubai’s rising population.

September 18, 2014

The Trump Estates at AKOYA by DAMAC
10:26 GMT
(press release)

Investors in Dubai’s off-plan real estate market can capitalise on attractive mortgages thanks to a newly signed agreement between leading luxury real estate developer, DAMAC Properties and Abu Dhabi Commercial Bank.

September 17, 2014

Although housing prices have continued to surge throughout the year, prices have also soared, particularly in İstanbul and other major urban centers.
14:49 GMT

İstanbul housing prices shot up 21.65 percent in August year-on-year, according to figures from real estate market analyst Reidin.

Mohammed Sultan Al Qadi, Managing Director and CEO, RAK Properties
09:58 GMT
(press release)

RAK Properties PJSC, Ras Al Khaimah's (RAK) biggest property developer listed on the Abu Dhabi Stock Exchange, will showcase their latest residential offering, Bermuda Villas.

 These meetings form part of the mandatory updates required to be provided to the BIE as Dubai prepares for the submission of all requirements to seek formal approval at the next critical registration phase in November 2015.
05:55 GMT

The expansive Dubai Trade Centre-Jebel Ali complex features a centrepiece Dubai Expo 2020 gated facility spread across 150 hectares and a surrounding residential, hospitality and logistics zone.

September 16, 2014

Shares in Arabtec jumped 3.7 per cent on Monday following a report that its former chief executive Hasan Ismaik had agreed to sell half of his 27.9 per cent stake in the firm to Abu Dhabi state fund Aabar Investments.
15:45 GMT

Arabtec "does not have the information" on such a deal, it said in a bourse statement.

September 14, 2014

Since Dubai's 2009 financial crisis, Emaar's retailing business has benefited from a strong rebound in the emirate's economy on the back of a tourism and trade boom.
21:24 GMT

Dubai's Emaar Properties is seeking to raise as much as Dh5.8 billion ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008.

September 11, 2014

"It's become obvious that workplace safety is a vital issue. A plan of action will be put together and unveiled," Arinc, who is also the government spokesman, told reporters.
04:55 GMT

A decade of rapid growth has fuelled a construction boom in Turkey but worker safety standards have failed to keep pace

“Saudi Arabia has already shown strong interest in strengthening its green building presence."
04:55 GMT

International experts expect to see more organizations in Saudi Arabia take action to make existing buildings more efficient.