Construction & Real Estate

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The Dubai Real Estate market has become the focus of attention for an increasing number of investors from around the world
July 24, 2014 - 08:47 GMT
The launch of mega projects and renewed investor confidence have boosted real estate transactions in Dubai to Dh113 billion for the first half of the year

March 20, 2014

Qatar will issue 10 tenders in 2014 for project managers and design consultants for the construction of the World Cup stadiums (File Archive)
12:00 GMT

Qatari officials assured media outlets this week that Doha's preparation for hosting the 2022 World Cup is "on track."

March 19, 2014

A string of major project wins in the UAE, strategic expansions into new markets and timely acquisitions enabled construction major Arabtec to record a triple-digit growth rate (149 per cent over 2012) in net income for 2013.
23:27 GMT

If 2013 proved a strong year, indications for this year verge on the spectacular — the company confirmed the year-to-date order book has gone past Dh200 billion, bolstered by the recently awarded $40 billion (Dh146.9 billion) contract in Egypt.

JLL said many of these investors were doing so with the purpose of “wealth preservation” rather than collecting “a trophy portfolio.”
23:10 GMT

Continued political turmoil across the Middle East has caused local investors to almost double their investment in Western real estate.

March 18, 2014

The project is scheduled to open in 2015.
02:04 GMT

Situated on the intersection of Hua Cheng Avenue and in the centre of New Pearl City Tian He district in East Guangzhou, the apartment and hotel complex is located in a rapidly growing commercial centre.

March 17, 2014

BLVD Crescent in Downtown Dubai
12:34 GMT
(press release)

Emaar Properties PJSC has unveiled luxury apartments in ‘BLVD Crescent,’ the newest stylish and contemporary residential development in the heart of Downtown Dubai.

Qatar is planning to focus its future development within the non-oil and gas sectors (File Archive)
09:36 GMT

Qatar is planning to launch a new set of infrastructure projects estimated to be $65 billion in the upcoming days.

The Suez Canal Project is much needed for the Egypt's economic revival.
04:55 GMT

Alhammadi added that DP World plans to carry out the Sokhna third berth with costs exceeding $200m.

March 16, 2014

Bay Avenue Park
10:59 GMT
(press release)

Dubai Properties Group has announced its partnership with DEWA to mark ‘Earth Hour’ 2014, the largest global environmental initiative aimed at raising awareness on climate change.

The Dubai Mall Grand Drive
10:52 GMT
(press release)

The Board of Directors of Emaar Properties has proposed the distribution of a cash dividend of 15 per cent of the company’s share capital for the year 2013 as well as 10 per cent bonus shares to shareholders.

The new bridge and service roads will ensure free traffic movement to access the Bluewaters Island featuring an array of spectacular waterfronts
08:09 GMT

Dubai has announced two more massive road projects providing easy access to International City and the Bluewaters Island — a new tourist attraction off the cost of Jumeirah Beach Residence (JBR).

RAK Properties
06:20 GMT
(press release)

RAK Properties, Ras Al Khaimah's (RAK) biggest property developer listed on the Abu Dhabi Stock Exchange, recently held its Annual General Meeting (AGM) for 2014 at the Al Hamra Convention Centre.

March 13, 2014

Flamingo Villas
12:13 GMT
(press release)

RAK Properties has announced the addition of new villas for its flagship development project, Flamingo Villas.

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.