Construction & Real Estate

Featured Story:

When looking for a real estate agent you can trust, the first thing to take note of is their license and other credentials.
January 28, 2015 - 15:43 GMT
Overestimating the selling price for a property is one of the oldest tricks in the real estate agent’s book.

January 28, 2015

The redevelopment of the former West India Docks, which traded in everything from tobacco to bananas, was championed by 1980s Prime Minister Margaret Thatcher.
13:39 GMT

Qatar Investment Authority (QIA) and partner launched a 350 pence-a-share offer direct to Songbird shareholders in December, hoping to add a financial district rivaling the City of London to landmarks already in its portfoli

“This time’s different from 2008 — there are far fewer developers and they are being smarter second time around,” said Alan Robertson.
13:15 GMT

“What’s happening right now is not a case of the property market bubble bursting ... but of deflating gently.”

Ahmad Al Naser, Managing Director of Drake & Scull Engineering
11:41 GMT
(press release)

Drake & Scull Engineering (DSE), the engineering subsidiary of Drake & Scull International PJSC (DSI PJSC), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, and Oil and Gas, and Water and Wastewater Treatment, has been awarded a AED 198 million MEP contract on an upcoming hotel and serviced apartment complex.

“The strong Gulf investment in the UAE property market has been attributed to their high confidence in the growth continuity of this sector,” she noted.
10:05 GMT

Qataris emerged the largest buyers of the property in neighbouring Dubai, UAE, with a per capita investment of Dh9.37 million ($2.55 million).

January 27, 2015

Bayut.com Android App
04:40 GMT

Bayut.com, a leading Dubai property portal, is proud announce the launch of its eagerly awaited android app for real estate enthusiasts.

January 25, 2015

Nakheel had piled up a mountain of debt during five years of rapid growth in Dubai's property sector.
09:29 GMT

Dubai real estate giant Nakheel, hit badly during the global debt crisis, said Wednesday its profits surged 43 percent on year in 2014 to $1.0 billion.

January 22, 2015

The two associations have already identified the 200 families and have selected them based on how urgent their situation is.
04:55 GMT

Hundreds of low-income Emirati families caught up in debt or unable to sustain their needs will be given new accommodation and have their needs addressed.

January 20, 2015

The canal generated some $5.2 billion in revenues during the 2012/2013 fiscal year. (AFP File)
10:16 GMT

A section of the channel Egypt is building parallel to the Suez Canal suffered leaks in the early hours of Monday, causing no injuries.

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
09:57 GMT
(press release)

TASWEEK Real Estate Development and Marketing, an advisor and solutions provider serving the property markets, is considering a new joint venture for building a new 26-hectar mixed-use housing, retail and hospitality complex in Indonesia.

January 17, 2015

The İstanbul 4th Administrative Court, on Dec. 13, 2013, ordered the destruction of a number of floors of 16:9, then still under construction.
04:55 GMT

Meanwhile, an İstanbul court ruled in November of last year to halt the construction of a number of buildings in the coastal area of İstanbul's Ataköy neighborhood

January 14, 2015

Half of Egypt's population lives in informal slum areas, according to statements from urban development and slum areas.
13:53 GMT

Consecutive Egyptian governments have vowed to develop the informal areas where millions of Egyptians live without basic services such as clean water and sewage.

January 13, 2015

Kuwaiti MP Mohammed Al-Jabri said that the amount is expected to finance 523 projects from 2015 to 2020, Kuwait Times reported.
04:55 GMT

Kuwait’s government has set apart KD45.5 billion ($155 billion) in the country’s five year developmental plan to spend on various projects and on human resource development.

January 11, 2015

Hussain Sajwani and Mohamed Al Zarooni
04:40 GMT
(press release)

DAMAC Properties has donated AED one million to the #UAECompassion campaign, to support thousands of refugees in Jordan and Lebanon hit by the ‘Huda’ across the Levant region.

January 7, 2015

During the event
08:35 GMT
(press release)

Dubai Properties Group (DPG), master developer of world class destinations in Dubai including Business Bay, DUBAILAND, JBR and Culture Village, recently hosted a graduation ceremony.

The report also claimed that the company had approached banks to discuss financing for a potential acquisition.
04:55 GMT

Dubai-based construction firm Arabtec has denied media reports that it is looking for prospective acquisition targets.