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 9, 2014

Mudon
11:31 GMT
(press release)

The development company of Dubai Properties Group (DPG) has today, finalised a strategic agreement with GEMS Education to open a new British curriculum school located within the community.

BLVD Heights
08:32 GMT
(press release)

Building on the strong demand for residential apartments in Downtown Dubai, the world’s most visited lifestyle destination, Emaar Properties PJSC has unveiled BLVD Heights, comprising two residential towers connected by a podium.

September 7, 2014

The new causeway, a terrestrial link, will be called the “King Hamad Causeway”.
14:08 GMT

The new link is expected to consolidate economic, social and cultural relations and cooperation between Gulf Cooperation Council (GCC) countries, of which Saudi Arabia and Bahrain are members.

Some economists have concerns about banking liquidity after the issuance of the investment certificates.
13:52 GMT

Ramez said that banking liquidity is safe and has not been affected by the certificates’ financing.

September 4, 2014

The UAE ranked first in the world for quality of roads, according to a report prepared by World Economic Forum (Film/AFP)
12:30 GMT

The UAE has the best roads in the world in terms of quality, according to the Global Competitiveness Index (GCI) for 2014-2015.

September 3, 2014

Middle East airport traffic grew by 9.2 per cent in July (File/AFP)
13:20 GMT

Middle Eastern airlines recorded the strongest growth in passenger traffic in July with a 9.2 per cent rise, according to a report.

Crystal Lagoons Corp is the world's leading company for luxury lagoons and resorts (Image: Hospitality Business)
12:19 GMT

The leading world developer of giant crystalline lagoons has unveiled a massive 8-hectare project in the Prince Sultan Cultural Centre to build hotels, a medical city, educational facilities, villas and apartments.

September 2, 2014

Residential properties posted a 34.5 percent growth in July - a significant increase from 2013 (File/AFP)
08:42 GMT

Residential property prices increased by 34.5 percent in July, compared to the previous year.

The statement added that regardless of ownership, whether it is the husband, wife or minors, the property will be taxed.
05:50 GMT

“Incapable citizens” should submit requests to the Real Estate Taxation Authority (RTA).

September 1, 2014

The Saudi Ministry of Housing has rejected more than 300,000 applications for housing, while accepting more than 620,000 applications deemed eligible for the housing aid.
04:55 GMT

The shunned applicants argued that most of the rules by the Ministry of Housing are not clear.

August 31, 2014

There could be a possibility of overheating in the market according to the Qatar National Bank's report (Image: Real Estate Qatar)
07:45 GMT

Real estate prices in Qatar continue to rise with average prices of both commercial and residential properties increasing by 20 percent since September 2008, according to data from the Real Estate Price Index.

Emaar Properties
07:11 GMT
(press release)

Emaar Properties today announced its intention to proceed with the sale of existing shares in Emaar Malls Group via an initial public offering on the Dubai Financial Market.

The irrigation minister added that additional studies would determine whether the projected height of the dam – along with its storage capacity – would have any negative consequences for Egypt.
04:55 GMT

Relations between Cairo and Addis Ababa soured last year over Ethiopia’s construction of the $6.4-billion hydroelectric dam on the Blue Nile.

With a population of 1.8 million, Gaza is a densely populated coastal strip of urban warrens and agricultural land that still bears the scars of previous rounds of fighting.
04:55 GMT

Any effort to rebuild Gaza will be hindered by a blockade imposed by Egypt and Israel since the Islamic militant group Hamas seized power in 2007

August 28, 2014

Dubai Expo 2020 is expected to host up to 300,000 visitors during peak time (Image: Khaleej Times)
06:58 GMT

Planning for Dubai Expo 2020 has entered the next phase, organizers said in a statement Wednesday.