Construction & Real Estate

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The UK capital recorded €32.2 billion (around $44.2 billion) worth of transactions in 2013, with the Middle East contributing roughly $7.5 billion.
July 10, 2014 - 03:14 GMT
London’s property market has always been a favourite for investors from the Middle East.

March 12, 2014

Mr. Masood Al Awar, CEO of TASWEEK Real Estate
11:09 GMT

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.

Gulf Hotels Group plans to build a five-star "Gulf Hotel Business Bay" that will open by mid-2017 (Shutterstock)
11:00 GMT

Bahrain's Gulf Hotels Group is investing $132 million to develop a five-star Gulf Hotel Business Bay on Dubai's shores

Energy development in Oman is one of the key areas that the EPC contracts over the next five years will target (Courtesy of Arabian Oil and Gas)
05:00 GMT

Over the next five years, Oman will award engineering, procurement and construction (EPC) contracts worth $65 billion.

March 11, 2014

The UAE has pledged significant sums of money to help rebuild Egypt and support it on its path to truly representative government
10:55 GMT

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.

Downtown Dubai by Emaar Properties
10:14 GMT
(press release)

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.

Saudi construction industry has witnessed a boom in contract awards and ongoing construction activities
06:55 GMT

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

Mulberry at Park Heights
10:10 GMT
(press release)

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

Individual apartments make up more than half of all transactions in the investment sector (Courtesy of Construction Week Online)
13:00 GMT

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.

Dubai's first eco-friendly mosque is 85 percent complete and set to open its doors this year (Courtesy of 7 Days in Dubai)
08:08 GMT

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.
03:55 GMT

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

Emirates Classic Car Festival 2014 Winners
09:33 GMT
(press release)

Global property developer Emaar Properties marked the culmination of the 6th Emirates Classic Car Festival, with a spectacular awards ceremony.

March 3, 2014

The image below shows the results of the Savillies World Cities survey.
03:55 GMT

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

A two-bedroom apartment in central Abu Dhabi now costs an average of Dh70,000 per annum
08:31 GMT

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 Monday, both Arabtec and Kharafi declined to comment.
15:45 GMT

On Wednesday, Arabtec said: “The company denies that it will acquire Kharafi National.”

February 26, 2014

Most of the firms are going for small- and medium-size office spaces
08:38 GMT

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.