Construction & Real Estate
March 12, 2014
TASWEEK Real Estate, considering their performance a surge in the net profit for 2013, its fifth straight year of profit and continuous growth makes it worth to serious consideration for IPO as the real-estate industry growthflourishes.
Bahrain's Gulf Hotels Group is investing $132 million to develop a five-star Gulf Hotel Business Bay on Dubai's shores
Over the next five years, Oman will award engineering, procurement and construction (EPC) contracts worth $65 billion.
March 11, 2014
The announcement of a $40 billion (AED150bn) deal to build low-cost housing in Egypt is good news for that country and for the UAE, commented a local daily.
Emaar Properties is putting the spotlight on its advanced project development competencies and new projects in key international markets at MIPIM 2014, the world’s premium property event.
The Saudi construction sector is poised for significant growth over the next few years thanks to the boom in contract awards and ongoing construction activities coupled with healthy lending appetites by bank.
March 10, 2014
Following strong investor response to the launch in the UAE, GCC and London of ‘Mulberry at Park Heights,’ the first residential complex in Dubai Hills Estate, Emaar has launched the sale of the second phase of luxury residences.
March 9, 2014
Kuwait real estate sales was an estimated $1.1 billion in January. However, despite such strong figures, the estimates represents a slight downfall from a strong record month in December.
The construction of the region's first eco-friendly mosque in Dubai is 85 percent complete and set to open in the near future, say new reports.
March 5, 2014
The developer, which gave away yachts and sports cars to buyers of its luxury properties during the downturn, said it booked sales worth $2.5 billion in 2013, compared with only $661 million the previous year.
March 4, 2014
Global property developer Emaar Properties marked the culmination of the 6th Emirates Classic Car Festival, with a spectacular awards ceremony.
March 3, 2014
Hong Kong is the world’s most expensive city for companies to locate employees, significantly ahead of London and New York, which have been vying for second place over the past two years.
March 2, 2014
Rents in Abu Dhabi’s prime residential areas increased by nearly 17 per cent during 2013 and there are projections for further hikes this year.
February 27, 2014
On Wednesday, Arabtec said: “The company denies that it will acquire Kharafi National.”
February 26, 2014
Downtown Beirut’s office space ranked the 24th most expensive in the world in 2013, according to a report from consultant firm Cushman and Wakefield.