Construction & Real Estate

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Over the last 12 months, investor and developer sentiment about Dubai’s property market has swung from extreme exuberance to one displaying a more measured outlook.
December 25, 2014 - 03:55 GMT
When it comes Dubai’s property market, euphoria may not necessarily be a good thing.

December 24, 2014

The rate of rental growth in the UAE emirate is slowing with no change recorded in prime rents in the three months to the  end of September
04:40 GMT

Dubai held the global top spot for rental growth for the second consecutive quarter to September, recording a 12.4 per cent increase year-on-year, a report said. There is a marked third quarter slow-down.

December 23, 2014

Nakheel the developer of the project
09:59 GMT

Almost a third of shop space at Nakheel’s new Circle Mall at Jumeirah Village in Dubai has been booked in less than two weeks after its launch, its developer Nakheel confirmed on Monday.

Abdullah Abushabieb from DP Receiving the Award
07:05 GMT
(press release)

Leading real estate developer Dubai Properties (DP) has been granted the ‘Best Commercial Real Estate Developer in the UAE’ award during the 11th International Real Estate Forum Gala Dinner Awards.

 In the year ending September 30 2014, "Global Property Guide" reports that average home prices in Israel rose 6.43%, the eighth largest rate of home price rises of any country surveyed (Thomas Coex / AFP).
05:00 GMT

In the year ending September 30 2014, average home prices in Israel rose 6.43%, the eighth largest rate of home price rises of any country surveyed.

December 21, 2014

AKOYA Park Villas, set in 4.3 Million sq ft Private Park
07:11 GMT
(press release)

Luxury real estate developer DAMAC Properties is offering new buyers of its villas or apartments the opportunity to live a James Bond lifestyle, with an exclusive offer during the Dubai Shopping Festival.

December 17, 2014

Dubai’s real estate scene has also seen a number of new property launches over the year.
15:17 GMT

Dubai’s residential rents have stabilised in the second half of 2014, growing seven per cent year-on-year in 2014.

During the event
08:29 GMT
(press release)

Real estate developer Dubai Properties (DP) hosted an event earlier this month with Al Noor Centre for Children with Special Needs at its Ras Al Khor Sales Centre to help raise awareness for Down Syndrome, Cerebral Palsy and Autism.

December 16, 2014

During the event
11:05 GMT
(press release)

RAK Properties welcomed the opening of ‘The Lounge’ by Manhattan, a new chic waterfront café –featuring the first ICONS Coffee Couture outlet in Ras Al Khaimah.

Msheireb Properties Qatar National Day
07:40 GMT
(press release)

As part of its activities in celebration of Qatar National Day, Msheireb Properties, a subsidiary of Qatar Foundation, held an onsite gathering at its Msheireb Downtown Doha development.

December 15, 2014

Remraam community in DUBAILAND
06:27 GMT
(press release)

Dubai Properties (DP) recently awarded a 541Million Dirham contract to Engineering Contracting Co. LLC (ECC) for an 18-building expansion of its Remraam community in DUBAILAND.

December 14, 2014

Emaar
08:45 GMT
(press release)

Global property developer Emaar Properties will distribute a special cash dividend of AED 9 billion (US$ 2.45 billion) that was approved recently at the Ordinary General Meeting of the company to shareholders.

December 10, 2014

Masood Al Awar discusses possible Casablanca edition of Smart Living City in 2015
10:22 GMT
(press release)

Masood Al Awar, the CEO of TASWEEK Real Estate met with Khalid Safir, Wali of Grand Casablanca, at the Wali’s Office to discuss the outcomes of the Smart Living City Dubai 2014 event.

The 271,051 sqft development will comprise 72 luxury apartments, a restaurant and health and fitness facilities and is slated for completion in 2017.
04:55 GMT

Marketed as ‘Ten Broadway’, the 600,000 sqft site, home to the London Metropolitan Police since the 1960s, is located in prime central London, and will be redeveloped into a multi-use development.

December 9, 2014

AKOYA Oxygen
06:50 GMT
(press release)

Golfing superstar Tiger Woods will design the new 18-hole championship golf course in Dubai to be built by luxury real estate developers, DAMAC Properties and operated by The Trump Organization.

December 8, 2014

Similarly, the profits dropped by 56 per cent in Q3 compared to the previous quarter when profits stood at SR143.7 million ($38.2 million), it stated.
15:01 GMT

The construction and building firms listed in Saudi Arabia saw their net profits plunge by 39 per cent to reach SR528 million ($140.6 million).