Construction & Real Estate

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“There are a huge number of macro trends which have driven London, from the Arab Spring, through to exchange rates, through to Argentina defaulting and Ukrainian money coming in.”
October 19, 2014 - 04:55 GMT
“A lot of the Middle Eastern buyers are next generation. They went to university in the US and the UK....They don’t want to stay in dad’s house in Knightsbridge."

October 21, 2014

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
10:18 GMT
(press release)

TASWEEK Real Estate Development and Marketing has announced that work on the third unit investment of an 11-villa resort being developed under a joint venture with Casabrina Vacation Villas has begun.

Manazel AlKhor
10:08 GMT
(press release)

Real estate developer, Dubai Properties (DP), has announced the completion of a number of key construction milestones in Manazel AlKhor development.

October 20, 2014

The bright and airy reception which welcomes every guest to Canal Views
10:48 GMT
(press release)

Leading real estate developer DAMAC Properties has opened a 211 deluxe hotel suites tower in the Burj Area of Dubai.

Average apartment and villa rental rates dropped by two per cent and three per cent respectively compared to second quarter figures.
04:55 GMT

Dubai’s real estate sector registered a slowdown in rents and sales prices during the third quarter of the year.

October 19, 2014

The company, which saw annual revenues of over $4.5 billion in 2013, employs 130,000 people and conducts operations across the Middle East, Africa, Asia and North Americ
23:08 GMT

CCC, one of the largest construction companies in the Middle East, was founded by Khoury in 1952 along with his cousin Hasib Sabbagh and Kamel Abdul-Rahman.

October 17, 2014

Key government agencies will present a snapshot of opportunities across Oman’s high growth sectors as well as the strategic roadmaps for the development of each sector.
00:52 GMT

As much as $145 billion worth of projects are currently under way or will be awarded in Oman, according to MEED projects, the region’s leading projects tracker.

October 15, 2014

Commercial and residential properties will be available after the multi-million dollar city is completed (Image: Seidco)
11:34 GMT

The UAE's government will commence work on the $381 million Sheikh Mohammed bin Zayed residential city in Fujairah, according to a report.

DAMAC Towers by Paramount Looks out Across the Burj Area in Dubai
07:55 GMT

Luxury real estate developer, DAMAC Properties has signed an exclusive deal with Paramount Hotels & Resorts (PHR FZ-LLC) to expand its branded hotels and serviced living concepts to new cities around the region.

October 13, 2014

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
08:52 GMT
(press release)

TASWEEK Real Estate Development and Marketing’s latest comprehensive market intelligence report shows a robust real estate sector during Q3 2014 in step with the UAE’s surging economy.

October 12, 2014

The government was “taking a diverse” approach to funding the infrastructure demands of Expo 2020 but declined to state specific details.
04:55 GMT

As part of its bid the emirate has earmarked billions of dollars of infrastructure investment including an extension of the metro rail link, new hotels and roads.

October 10, 2014

With the World Cup just eight years away, the likelihood is that the market is only going to become bigger, it added.
01:15 GMT

With the World Cup just eight years away, the likelihood is that the market is only going to become bigger.

October 9, 2014

The city, located 3 km to the west of the Prophet’s Mosque in Madinah, will cover an area of over 1.6 million sq m and accommodate 200,000 people.
15:02 GMT

The project will have 100 administrative and residential towers and 30 hotels, apart from the haj ministry headquarters, the haj secretariat, and the Madinah governor’s office.

October 6, 2014

During the visit of the Italian delegation to Bee’ah’s waste management centre
10:06 GMT
(press release)

Bee’ah’s executives welcome top Italian delegates to demonstrate the company’s cutting-edge waste management systems and explore new avenues of co-operation

Cannes award-winning Director leads the shoot
10:00 GMT

The Middle East’s leading luxury real estate developer, DAMAC Properties, has launched a world-wide TV advertising campaign for its 55 million sq ft AKOYA Oxygen master development.

October 2, 2014

Qatari Diar, the real estate arm of Qatar's sovereign wealth fund, stepped in with financial aid last year, agreeing to buy some of Barwa's assets for $7.1 billion.
14:57 GMT

The sale was agreed on September 30 and will have a positive impact on the company's financials.