Construction & Real Estate

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 in order to accommodate these new travellers, the emirate also requires significant annual increases to its hotel room inventory.
December 1, 2014 - 15:49 GMT
Developers’ rush to build hotels and hotel apartments is being led by the need to diversify their income from pure property sales

April 19, 2011

Green Emirates Properties stand at Cityscape Abu Dhabi
10:45 GMT
(press release)

Green Emirates Properties, one of the leading real estate and property management companies in the United Arab Emirates, is participating in Cityscape Abu Dhabi.

Sorouh has earned the trust of the Government of Abu Dhabi to further master develop high quality residential communities for UAE nationals
07:06 GMT
(press release)

Sorouh Real Estate Company announced that it has been awarded two new contracts by the Urban Planning Council “UPC” to build high quality residential units for UAE nationals.

April 18, 2011

Hitmi Bin Ali Al-Hitmi, Head of the Board of Directors
14:30 GMT
(press release)

Barwa Real Estate, announced today that its Board of Directors has appointed Mr. Abdulla bin Abdulaziz Turki Al-Subai’i as Acting Group CEO.

Masood Al Awar, CEO of Tasweek
11:51 GMT
(press release)

Tasweek Real Estate Marketing and Development, says that easy access to mortgage financing has helped sustain Abu Dhabi’s property sector amidst the global economic crisis.

April 17, 2011

ADNEC's Marasi Village
14:25 GMT
(press release)

In a move that underlines its status as a strategic destination developer, Abu Dhabi National Exhibitions Company (ADNEC) has unveiled Marasi Village.

Cityscape Abu Dhabi 2011 will run until Wednesday, 20 April and will host a number of regional and international exhibitors who will be showcasing the latest projects and upcoming developments in the real estate industry
13:35 GMT
(press release)

Cityscape Abu Dhabi 2011 was officially opened this morning by His Highness Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive Council.

Sun and Sky towers are the first Grade A buildings to be delivered in Abu Dhabi’s new investment zone on Al Reem Island
11:44 GMT
(press release)

Sorouh Real Estate Company “Sorouh”, the Abu Dhabi-based real estate developer, provides a detailed update on the progress made at Shams Abu Dhabi, its flagship master development on Al Reem Island.

One of the spectacular Andalusian villas in Phase III of Bawabat Al Sharq
08:31 GMT

Baniyas Investment and Development Company (BID), the investment arm of the Baniyas Sports Club, has announced the launch of 153 spectacular Andalusian villas in Phase III of Bawabat Al Sharq.

April 13, 2011

Analysts estimate Qatar will spend about $90 billion over the next 11 years on housing and infrastructure
12:37 GMT
(press release)

Damac Properties, the Middle East’s largest independent real estate developer, has announced that it has awarded three main construction contracts in Qatar worth AED 602,685, 827.

The company was able to boost profitability by increasing revenues by 4.5 per cent with minimal administrative expenses
11:47 GMT
(press release)

Tasweek Real Estate Development & Marketing reported second year profits with a solid increase in shareholders’ equity by 7.8% along with strong liquidity position for the year ended 31 December 2010.

Apartment rentals averaged a decline of 2% over the quarter, though drops of as much as 5% and 7% were seen in selective areas of Dubai
10:11 GMT
(press release)

For the first quarter in nearly two years there has been a virtual stabilisation with slight declines in certain areas according to the Q1 2011 report from leading UAE property management, Asteco.

April 12, 2011

75% of Bawabat Al Sharq Mall has been leased
09:52 GMT

Baniyas Investment and Development Company has announced that 75% of Bawabat Al Sharq Mall, the state of the art shopping center in the city of Bani Yas has been leased.

April 11, 2011

Cityscape Abu Dhabi to take place from 17-20 April at Abu Dhabi National Exhibition Centre
13:04 GMT
(press release)

Cityscape Abu Dhabi 2011 aims to aid the restoration of investor confidence and knowledge at the region's most premier exhibition for the real estate industry.

Average leasing rates for Q1 2011 fell 8% across both apartments and villas
10:12 GMT
(press release)

Rental prices in Abu Dhabi continued their downward trajectory in the first three months of 2011 with declining trends continuing from last quarter, according to the latest Q1 2011 report from Asteco.

Hitmi Bin Ali Al-Hitmi, Chairman of Barwa
07:09 GMT
(press release)

Barwa Real Estate announced today that an emergency co-ordination meeting between HE Hitmi bin Ali Al-Hitmi, Chairman, and Dr. Mohamed Asad Al-Emadi, GCEO & MD, was held.