Construction & Real Estate

Featured Story:

Dealers in the hotels sector estimate the percentage of rented units according to the lease system at 5 percent of all housing units in the vicinity of the Grand Mosque.
Today
New projects in the central area of Makkah has led Saudi and Gulf businessmen to renting out housing units in hotels overlooking the Grand Mosque for long-term lease of up to 15 years

July 21, 2014

“Saudi businessmen who visit Jordan for investment and trade often fall victim to fraud,” he explained, adding: “We strongly advise our citizens to seek legal consultation here in the embassy free of charge.”
15:10 GMT

“Houses and farms are still being maintained and have been registered via official documents since the Saudi Embassy had been established in Damascus,” he said.

July 20, 2014

Revenue generated through rents during the first half of the year increased by 39 per cent to Dh32.5 million, according to the company.
15:54 GMT

The Kuwait- and Dubai-listed company said the results were due to increased occupancy rates in recently completed residential developments and strong rental yields.

Shaikh Zayed Road is one of Dubai’s biggest highways, with six lanes in each direction.
14:20 GMT

The flow of traffic on the busiest highway in Dubai will not be impacted and the number of lanes will be kept the same, the RTA has said.

RAK Properties Iftar dinner
10:50 GMT
(press release)

RAK Properties PJSC, Ras Al Khaimah's (RAK) biggest property developer listed on the Abu Dhabi Stock Exchange, hosted a special Iftar dinner for its employees at the Waldorf Astoria in the emirate.

July 18, 2014

Exhausted after a long day of work under the blazing desert sun, the migrants spend the afternoon searching for a place to sleep on the streets of Doha.
00:42 GMT

Exhausted after a long day of work under the blazing desert sun, the migrants spend the afternoon searching for a place to sleep on the streets of Doha.

July 17, 2014

The $7 billion Kuwait Metro project is another vital project currently in the stages of design and supervision.
16:05 GMT

Kuwait’s construction sector has witnessed high growth at a steady pace, driven by the announcement of several infrastructure projects in recent times.

July 16, 2014

The Garden Apartments range from studio to three-bedroom duplexes — each reflecting classic modernity while maintaining a balance of style and functionality.
16:41 GMT

Located just three kilometres from Burj Khalifa, the exclusive, ultra-stylish yet family-orientated community has more than 30 per cent of the 185-acre project dedicated to green living and is now offering its luxury homes for sale.

July 14, 2014

Although the company will finance half the cost from its resources, it is expecting to receive the remaining funds through the debt market along with the sales of some parts of the project,
04:55 GMT

Dubai’s plans to construct mega projects such as Mall of the World could lead to another boom-bust cycle within the emirate’s real estate market

July 10, 2014

With Dubai’s property market booming, analysts warn that several signs of excesses, reminiscent of pre-crisis years, are returning to the market
03:24 GMT

Dubai’s Damac Properties has announced that it will be offering luxury cars to select property buyers as part of its Ramadan promotion.

July 9, 2014

DAMAC Properties
08:56 GMT
(press release)

DAMAC Properties, one of the leading luxury real estate developers in the Middle East, has launched its much anticipated Ramadan promotional offer.

"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”.