Construction & Real Estate

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Shayne Nelson said that the UAE attracted safe investments from the likes of Iraq and Syria (File/AFP)
August 28, 2014 - 10:22 GMT
With turmoil continuing in the Middle East, the UAE has been the safe haven for many people in terms of property and flights, according to a senior banker.

May 8, 2014

Tenants have said that the law would displace thousands of families who rent in Beirut under an old law that governs lease contracts enacted before 1993.
05:28 GMT

President Michel Sleiman refused Wednesday to sign a controversial new rent bill into law, arguing that it was unfair, prompting a brief protest by a group of landlords.

Out of the total, 14,438 transactions were in Amman alone, accounting for 42 per cent, and 19,560 transactions were in other governorates, accounting for 58 per cent.
00:54 GMT

Real estate trading in the Kingdom went up by 26 per cent during the first four months of 2014.

May 7, 2014

The Suez Canal is the fastest shipping route between Europe and Asia and brings around $5 billion a year.
03:55 GMT

The Suez Canal project was a main feature in the campaigns of the most prominent candidates in the 2012 election.

Asked about the delays, as the scheme was supposed to open in 2010, he mentioned financial troubles faced by some investors after the global financial crisis. (Image: The Jordan Times)
03:02 GMT

The Boulevard is part of the $5 billion Abdali project, the largest mixed-use urban development scheme in Amman.

May 6, 2014

Construction work on the Jeddah Metro will start in 2015 (File/AFP)
11:17 GMT

AECOM Technology Corporation has been awarded an 18-month contract to provide management consultancy services to the Jeddah Metro Company.

May 5, 2014

During the event
11:38 GMT
(press release)

RAK Properties, Ras Al Khaimah's (RAK) biggest property developer listed on the Abu Dhabi Stock Exchange, held groundbreaking ceremony recently for its landmark development project, Flamingo Villas.

Constella
08:52 GMT
(press release)

DAMAC Hotels, the hospitality arm of DAMAC Properties, has officially launched the first fully certified Sharia-Compliant serviced hotel apartments in Dubai during the Arabian Travel Market (ATM) Exhibition.

"We're in boom-time prices, more expensive than we've ever been in the history of mankind," Nick Candy, one of the developers of London's One Hyde Park luxury apartments, at the pinnacle of the capital's super-prime residential sector, told Reuters.
03:55 GMT

Buoyed by the wealth of Russian oligarchs, Chinese tycoons and Arab sheikhs, London has become one of the most expensive markets on earth, raising concerns ahead of parliamentary elections in 2015 that locals are being squeezed out of the market.

May 4, 2014

NAIA Jumeirah Village
10:19 GMT
(press release)

DAMAC Properties, has announced the launch of NAIA by DAMAC, its latest hotel management services company, which will cater to guests in more than 2,200 Hotel Apartment units across the city by the end of 2014.

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.