Construction & Real Estate
Experts say the rent hikes were due to rising costs of building and renovation, and the increase in the wages of workers in the construction and management of building.
A delegation from Swiss Re visited Al Habtoor Group on Tuesday, May 21, 2013 and met the senior executives of Al Habtoor Group for an introductory meeting.
Drake & Scull Construction (DSC) the General Contracting Arm of Drake & Scull International PJSC (DSI) has announced that it has been awarded a SAR 1.725 billion (some $460 million) contract by Lamar Investment and Real Estate Development Co. to complete the Lamar Towers project in Jeddah, Saudi Arabia.
May 21, 2013
MENA real estate developers can prepare for the next property cycle by building key commercial capabilities and reconfiguring their market-facing approach.
A good part of the funds would be invested towards the development of the emirate’s Western Region.
DAMAC Properties, the Middle East’s leading luxury private developer, has announced a comprehensive strategic plan to expand its operations to Iraq.
May 20, 2013
Work on a Dh267.5 million roads project will begin on an 80 kilometre two-lane highway that links Abu Dhabi’s third largest city with the Western Region.
Msheireb Properties has awarded a consortium comprising Obayashi Corporation and HBK Contracting the QR 2.5billion construction contract for the penultimate stage, Phase 3, of its flagship project.
May 19, 2013
The Ministry of Regional Municipalities and Water Resources (MRMWR) has floated as many as 11 tenders for the design and construction of internal roads in South and North Sharqiya.
May 16, 2013
“Abu Dhabi, I think, is expected to release a lot of work this year, including the building of the new Dh2 billion Khalifa hospital,” said Tabari.
May 15, 2013
Al Wifaq Tower one of the UAE capital’s latest luxury residential developments, is now ready to lease, with prices starting at AED75,000 per annum for a one-bedroom apartment.
Dubai Properties Group (DPG), a member of Dubai Holding, reported strong interest from investors in its key destinations including DUBAILAND and The Walk at JBR during the recent ATM exhibition.
May 14, 2013
Khalaf Ahmad Al Habtoor welcomed HE Rob Waller, the US Consul General in Dubai; to his office on Wednesday May 8.
May 9, 2013
Saraya Bandar Jissah will have a major positive impact on the economy of the sultanate, said chief executive Sheikh Hamood Sultan al Hosni on Tuesday, as he hailed the progress in ongoing construction work.
May 8, 2013
Water provision and road development projects worth SR 1 billion are progressing well in the governorates of Al-Kamil and Khulais, according to Makkah Gov. Prince Khaled Al-Faisal.