Construction & Real Estate

Featured Story:

Large billboards reading “Qatar deserves the best” cover many construction sites, a few miles from where some World Cup stadiums are taking shape.
November 20, 2014 - 04:55 GMT
29,400 people, or 1.4 per cent of Qatar’s population, are estimated to be working as slaves, in forced labour or domestic servitude, a report said on Monday.

June 25, 2014

Nakheel is able to prepay all of its bank debt ahead of schedule due to savings of around AED 23 billion on its business plan,
12:37 GMT

Dubai developer Nakheel will repay all AED 7.9 billion owed to bank lenders with an early repayment in August 2014, nearly four years before the final loan instalment due in March 2018, the company reported today.

FENDI Casa translates the FENDI savoir faire and creativity, as well as its distinctive materials, into elegant objects and cinematic ambiances that are timeless and exceptionally made
12:08 GMT

The 34 properties are located in a private-gated community in the 42 million sq ft Akoya by DAMAC master development off Umm Suqeim Road in Dubai.

Masood Al Awar, CEO, TASWEEK
07:45 GMT
(press release)

Recent industry reports have shown that Dubai has jumped to the lead in the global race to become a fully-fledged Smart City.

June 24, 2014

Aqaba is a strategically located safe haven sharing a coastline with Egypt and bordering Saudi Arabia, Syria, Iraq, and Israel at the mouth of the Red Sea.
13:44 GMT

With the support of the Business Council for International Understanding (BCIU), a delegation from Aqaba, Jordan, will be in New York to highlight foreign investment opportunities in Aqaba for U.S. companies.

Emaar Square
05:27 GMT
(press release)

Emaar Middle East, the developer of iconic projects in Saudi Arabia, has unveiled the most prestigious commercial real estate development in Jeddah.

June 22, 2014

Arabtec shares fell by 9.86 per cent while Emaar fell by 3.44 per cent and Deyaar by 2.52 per cent.
17:47 GMT

Real estate shares dragged the Dubai index below 4,500 points, led by Arabtec.

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
09:40 GMT
(press release)

In a pursuit to successfully transition into a Smart City, the government plays a vital role in ensuring that right programs and initiatives are implemented.

June 18, 2014

The Arabtec saga dragged down the Dubai stock market and illustrated the opaque nature of corporate affairs in the region.
15:03 GMT

The chief executive of major Dubai construction firm Arabtec resigned on Wednesday after a tumultuous six weeks during which the company's share price plunged as much as 50 percent;

June 17, 2014

“Particularly in terms of ways to discourage quick turnaround – what people refer to as flipping of real estate in Dubai.”
11:41 GMT

In Q1 2014, there were around 13,279 individuals carrying out property transactions, up 81 per cent compared to 7,339 during the same period last year.

June 16, 2014

Damac Tower
11:42 GMT
(press release)

DAMAC Properties has announced its iconic DAMAC Tower in the prime area of Solidere, Beirut has been topped off, just days after the city was named the number one emerging city in the world for real estate investment.

June 12, 2014

The King launched the project in the presence of Her Majesty Queen Rania and HRH Crown Prince Hussein as well as high-ranking officials, officers and local and international businesspeople.
11:47 GMT

His Majesty King Abdullah on Wednesday launched Abdali Boulevard, a JD300 million project, which is part of the $5 billion Abdali project, the largest mixed-use urban development scheme in Amman.

June 11, 2014

Bermuda Villas project
11:30 GMT
(press release)

RAK Properties, Ras Al Khaimah's biggest property developer listed on the Abu Dhabi Stock Exchange, is set to host an Open House day as part of the launch of the company’s new Bermuda Villas project.

June 10, 2014

Since Dubai — home to one of the strongest real estate markets internationally — has become a global player, fees for providing services have to be on a par with the city’s growth and development, said Bin Mejren.
11:09 GMT

Dubai has become home to one of the strongest real estate markets internationally.

Al Gharbi added that the UAE is the happening place where high net worth individuals ask for new concepts in designs keeping in view the green building rules.
05:45 GMT

The Italian firms’ interest in Abu Dhabi market shows growing appittite among government, corporate and individual clients to get the best out of innovators.

June 9, 2014

Meanwhile, El-Sisi showed his intention to visit Ethiopia to stress the importance of cooperation between the two countries.
21:09 GMT

Ethiopian Foreign Minister Tedros Adhanom has invited Egypt's newly-inaugurated President Abdel-Fattah El-Sisi to visit his country, Al-Ahram's Arabic news website reported.