Construction & Real Estate

Featured Story:

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.

April 11, 2014

Ezdan said the Qatar’s fiscal budget for the year 2014 – 2015 gave a “strong impetus” to the real estate sector in particular
03:26 GMT

The report indicates a “recovery” in the Qatar’s real estate market in view of the current construction boom in the country.

April 10, 2014

The first three months saw a 10 per cent spike in residential rental rates in prime locations, while off-island homes shot up by 14 per cent.
03:55 GMT

Abu Dhabi’s decision to remove the 5 per cent rental cap was the factor fuelling the increases, much to tenants’ dismay

April 9, 2014

John Stevens, Managing Director, Asteco
09:34 GMT
(press release)

Dubai’s residential sales market has slowed down to more moderate growth levels in the first quarter of 2014 following a spike in prices, after the Expo 2020 announcement at the end of 2013.

Group CEO, Khalid Al Malik
07:17 GMT
(press release)

Dubai Properties Group today announced its future vision and strategy which will see the group transition into a holding company with the ownership of three companies.

April 8, 2014

Apartment rentals recorded a 26 per cent annual gain, while those for villas were slightly muted at 12 per cent
07:55 GMT

The upward pressure on Dubai’s residential rents continues to mount even as new homes are getting delivered in higher numbers, in the first three months of this year, rentals were up by 7 per cent over the fourth quarter of 2013.

April 6, 2014

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
10:36 GMT
(press release)

A detailed market intelligence report covering the first quarter of 2014 issued by TASWEEK Real Estate Development and Marketing shows average selling and lease price increases of between 10 to 15 per cent for real estate units in the UAE.

More than 8,092 investors from India notched AED 17,939 billion transactions in Dubai real estate during 2013
08:55 GMT

International Property Show (IPS) will have a large Indian participation under the umbrella of the National Real Estate Development Council (NAREDCO), a leading real estate body in India.

April 3, 2014

Rental rates for prime two-bedroom apartment on Abu Dhabi Island now average Dh200,000 per year
10:55 GMT

Average apartment prices in Abu Dhabi gained 9 per cent during the first quarter of 2014, slowing 2 per cent from the previous quarter’s rise of 11 per cent.

April 2, 2014

Abu Dhabi
09:59 GMT
(press release)

The changing patterns of supply and demand led to a mixed performance for specific pockets of the Abu Dhabi real estate market in Q1 2014, according to the Asteco Q1 2014 real estate report.

The rents continue to increase for all the areas in Dubai
07:45 GMT

With the removal of the rent cap, housing costs will contribute to inflation, this year. In the UAE, headline inflation rate for 2013 was at 1.1 per cent.

March 30, 2014

Samara in Arabian Ranches
11:29 GMT
(press release)

Emaar Properties, the global property developer, has launched ‘Samara’ villas, the newest addition to the established community’s ongoing extension.

RAK Properties
05:39 GMT
(press release)

RAK Properties encouraged the residents of its local communities to switch off their lights Saturday night (March 29, 2014) in celebration of this year’s edition of Earth Hour.

March 27, 2014

The multi-million dollar contract will be a big investment between America and the UAE. (File/AFP)
15:28 GMT

American firms Parsons and Halcrow will begin next phase of construction plan, awarded by Dubai's Roads and Transport Authority.

March 26, 2014

The UK's Maritime Component Command sits alongside the US Fifth Fleet Naval Headquarters in Bahrain (File Archive/AFP)
11:00 GMT

Britain is investing $97.7 million in Bahrain to expand its military presence in the Gulf country.

Emaar renews ties as 'Official Partner of Lotus F1 Team'
09:05 GMT
(press release)

Emaar Properties celebrated the renewal of their partnership with Lotus F1 Team by unveiling the brand new E22 racecar that has joined its racing fleet, in Downtown Dubai.