Articles
Qatar to remain GCC’s strongest construction market regardless of World Cup fate
Double-digit growth forecast for the sector over the next 10 years.
Estate agent defied order to shut down
Property brokerage S&K Estate Agents were warned and fined on several occasions about its conduct before the Department of Economic Development withdrew its license and shut the business down, it has emerged.
Emirates Reit first-half property earnings increase
The company said its investment properties were valued at $613.4 million as of June 30, up 9.6 per cent from $559.7m for the year-earlier period.
UAE contractor helps to clear path for Egypt’s New Suez Canal
Abu Dhabi-based National Marine Dredging Company led a consortium which completed the work in nine-and-a-half months having initially been given a 12-month timeline.
Quarterly profit rises 18% for Abu Dhabi’s Aldar Properties
The profit gain was attributed to higher recurring revenues, better margins and lower finance costs.
Emirates Reit to spend Dh208m on new school at Akoya by Damac
Firm immediately agrees to lease building under a 26-year deal to Jebel Ali School.
Saudi property buyers opt for prestige towers rather than villas
High-rise buildings that have branded hotels and serviced residences – such as Burj Rafal, which has a Kempinski hotel underneath – are in demand, as are landmark projects such as Kingdom Tower.
Meydan launches huge Dubai project with world’s tallest residential tower
The project will have a total built up area of 5 million square metres and be home to 78,300 residents.
Red Sea Housing says completion of Saudi factory delayed till next year
Work was being delayed yet again because of the 'numerous changes' to designs to meet the requirements of the authority and the city’s master developer, Emaar, The Economic City.
Bahrain’s $650m Villamar project to restart
Project containing three twisting towers is now set for completion in 2017 - ten years after the construction contract was signed.
Middle East investors turn attention towards US as London property prices soar
Concerns about peak pricing in some of London's prime markets see Middle East investors move across the Atlantic in search of higher returns.
Dubai and Abu Dhabi airports expansion boosts UK building consultancy Turner & Townsend
Turner & Townsend says its Middle East revenue has risen 45 per cent thanks to new contracts and work at airports.
A sailors’ haven in the Caribbean for Dh40 million
Seashell Beach Villa is a beachfront property with four bedrooms in the British Virgin Islands and is being marketed in Dubai by Knight Frank.
Dubai property transactions tumble 69 per cent
Dubai Land Department figures show a significant fall in volumes, plus a 66 per cent fall in value of sales with sellers and buyers in a stand-off.
Damac holding roadshow events across four Chinese cities
Dubai developer to host events for more than 8,000 brokers and investors in four Chinese cities.
