Construction & Real Estate

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It is the sixth successive quarter of increases in sales prices for residential units, with a 7 percent rise over the April-June period
July 23, 2014 - 10:23 GMT
Sales prices in Abu Dhabi’s residential property sector have increased by average of 17 percent in the first half of 2014, according to JLL.

April 23, 2014

TASWEEK Real Estate Development and Marketing is a one-stop shop for property development driven by the core competencies of networking and know-how
08:51 GMT
(press release)

TASWEEK announced its fifth consecutive year of profit growth during its latest Annual General Assembly covering the year ended December 31, 2013 held at Hilton Abu Dhabi.

Arif Mubarak; Dubai Properties Group Chief Executive Officer
08:46 GMT
(press release)

Dubai Properties Group has announced the establishment of Masat, a new dedicated portfolio management company responsible for overseeing and managing DPG’s BTL.

Projects in the pipeline include the 300-acre Titanic Quarter in Belfast, Northern Ireland, consisting of a boutique hotel, financial services centre, new retail development, film and media hub and office space, at a total development cost of Dhs6 billion.
03:55 GMT

UK Trade and Investment’s (UKTI) Regeneration Investment Office (RIO) said that Gulf investors have the opportunity to participate in projects leading to the development of 27 million square metres of new prime floor space and 220,000 homes.

April 22, 2014

Shopping malls and retail made up over 38 per cent of total revenue at Dhs863 million.
22:44 GMT

Total sales reached Dhs5.917 billion (1.611 billion), 94 per cent higher than the Dhs3.043 billion ($828 million) reached during the same period last year.

April 21, 2014

Qatar also came under fire by the international human rights community after reports of migrant workers being ill-treated in the country
20:37 GMT

The Gulf state is embroiled in a number of corruption allegations regarding the event, including being accused of buying the right to host the World Cup.

April 20, 2014

Although experts have indicated that regulations such as the doubling of property transfer fees and the mortgage law have helped curb flipping, the emirate has been seeing a rise in off plan sales in the market.
02:55 GMT

“We are not yet back to 2008 prices but in some individual projects we are. So we certainly need to monitor them carefully.”

April 18, 2014

The 36-story, 382,500 square-foot (35,535 square-meter) building is located on the Fifth Avenue in New York.
08:32 GMT

The US government says it is going to sell an Iranian skyscraper in New York City in favor of anti-Tehran plaintiffs.

April 17, 2014

Ensour stressed that the Kingdom is in need of support from all Arab states to be able to continue its pan-Arab nationalist role.
22:37 GMT

Prime Minister Abdullah Ensour said this week that Jordan's economy is recovering and moving steadily forward despite the global financial crisis and the Syrian infighting.

April 16, 2014

The AGM will discuss the proposal of the Board of Directors regarding distribution of dividends to the shareholders amounting to 15 per cent of the share capital being AED 15 fils per share as cash dividend
10:57 GMT
(press release)

Emaar Properties PJSC will hold its 16th Annual General Meeting (AGM) on Wednesday, April 23, 2014, at 7pm.

On average the emirate recorded 7 percent quarter-on-quarter growth for apartment rentals, and a strong year-on-year figure of 38 percent
03:55 GMT

“Budget-conscious Dubai residents are now relocating to Sharjah in a flight to affordability,” said John Stevens, managing director, Asteco.

April 14, 2014

Emaar Mira Oasis townhouses
08:05 GMT
(press release)

Emaar Properties has unveiled a new collection of Mira Oasis townhomes in Reem, an integrated lifestyle development offering an unmatched choice of exotic outdoor leisure activities.

April 13, 2014

Group CEO of DPG, Khalid Al Malik
05:55 GMT
(press release)

Dubai Properties Group (DPG), has established Dubai Properties (DP) to focus solely on delivering an integrated, end-to-end project development solution for the Group.

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.