Construction & Real Estate

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The report also found that the poverty rate among Israelis past retirement age was declining, compared with a rise in the incidence of poverty in the general population
December 19, 2014 - 00:16 GMT
High housing prices are preventing an average Israeli family from making ends meet.

July 9, 2014

"This is a long-term project and we are betting strongly on Dubai," he said, adding that the size of the entire project would be in the range of 48 to 50 million sq ft.
04:55 GMT

By the way: Dubai is still recovering from its 2009 debt crisis.

July 7, 2014

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
09:38 GMT
(press release)

TASWEEK Real Estate Development and Marketing’s latest comprehensive market intelligence report highlighting the second quarter of 2014 shows that real estate activities have settled down since the initial frenzy triggered by Dubai’s successful 2020 World Expo hosting bid.

John Stevens, Managing Director, Asteco
09:28 GMT
(press release)

The second quarter of this year saw a continuation of the slowdown in Q1 2014 residential sales performance for Dubai with the market witnessing marginal growth, up 6% and 3% respectively for apartments and villas in Q2 2014.

Green Building Certification
07:57 GMT
(press release)

DAMAC Properties has become the first company ever to receive a Green Building Certification from the Department of Planning & Development, Trakhees.

Dubai is planning to build a temperature-controlled city featuring the world’s largest mall and an indoor park, as well as hotels, health resorts and theaters, the developer said.
02:24 GMT

Already home to one of the globe’s biggest indoor shopping complexes, Dubai Mall, the glitzy emirate known for its love of grandiose projects said it is now planning to build the “Mall of the World”.

July 6, 2014

Charles Biele, CEO of Dubai Properties
10:59 GMT
(press release)

Dubai Properties Group (DPG), the property development arm of Dubai Holding, has announced the appointment of Charles Biele as CEO of Dubai Properties (DP).

July 1, 2014

Live, Work and Shop in Bay Square
06:59 GMT
(press release)

Dubai Properties (DP), the development company of Dubai Properties Group (DPG), has revealed that the handover process has commenced at its popular mixed use Bay Square development in Business Bay.

Activity in Qatar's construction sector soared 19.6 per cent from a year ago in January-March, faster than a 13.6 per cent rise in the whole last year,
04:55 GMT

An expansion of Qatar's gas facilities helped fuel breakneck GDP growth averaging 17 per cent a year between 2006 and 2011.

June 29, 2014

The new system will enhance the quality of services, safety and environmental sustainability for citizens in the country.
20:03 GMT

The Qatar Public Works Authority 'Ashghal' has awarded IBM the contract to provide a smarter road and drainage infrastructure in the gas-rich country.

June 26, 2014

Despite efforts taken to stem the soaring prices in the emirate, evidence has indicated that property market is overheating.
13:51 GMT

However, house prices are expected to pick up as the real estate mortgage lending in the UAE rises.

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.