Surging material costs may lead to drop in Gulf construction sector this year
As per reports, the Gulf construction sector may witness a drop during 2008, due to surging costs of construction materials and a weakening world economy.
The prices of building materials are se
Dubai property sector considered attractive by overseas investors
Dubai is now an assured investment hub, which has been pivotal in molding the success story of UAE, assuring secure and credible returns for investments. The oil revenues in UAE make up only 35 percen
Lack of quality labour hinders project schedules in the Gulf region
Apart from shortage of construction materials, the difficulty in finding skilled workers has affected the plans of majority of builders, reports The Gulf Times.
The Project Managers of major con
Air Arabia commences construction on budget hotel at Sharjah Airport
Air Arabia, the first and largest Low Cost Carrier (LCC) in Middle East and North Africa, has announced the commencement of construction work on the 300 room budget hotel at the Sharjah Airport.
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Tashyed breaks ground for its first project at Jumeirah Heights
The property development joint venture set up by Nakheel together with Dubai Islamic Bank (DIB) -Tashyed, did the ground breaking for its first landmark development at Jumeirah Heights.
The lake
Transemirates Contracting awarded with Dubai Gate 2 project
The Dubai Gate 2 project contract has been awarded to Transemirates Contracting by Bonyan International Investment Group.
The 35 storey residential development will include 442 luxury apartment
Labor Villages of DIC 40% complete
The Dubai Industrial City (DIC) has revealed that its five labor villages, being built across Dubai are 40 percent complete. Two of these villages will be ready by the end of this year, it has been co
Nakheel introduces new workforce accommodation in Dubai
Nakheel has unveiled the Omran workforce accommodation in Dubai, thereby introducing Dubai to a new standard of workforce accommodation, which offers better quality of life to construction workers and
Nakheel signs Dh1bn infrastructure deal with Khansaheb Engineering
One of the largest real estate developers, Nakheel, has entered into a Dh.1billion infrastructure deal with Khansaheb Civil Engineering for development of the first phase of its Al Furjan Residential
Dh 700mn projects of Deyaar meet complete sales on first-day launch
Deyaar has successfully completed the sale of its Dh 700mn projects at Dubai Silicon Oasis (DSO) on the very first day of launch.
Ever-since its launch last week, apartments at Coral, Jade and R
Schon Properties on its way to expand UAE portfolio
Schon Properties is set to increase its UAE portfolio to Dh.8bn towards end of 2008, says Danial Schon, the Company Vice-President.
Schon Properties already owns three developments in the UAE, w
More residential towers likely in Abu Dhabi
The Abu Dhabi Municipality is currently building about 349 residential towers at Madinat Mohammed bin Zayed, Abu Dhabi. The towers are expected to accommodate 30,142 apartments with various sizes. Abo
Nakheel taken aback by Damac back-out
Cancellation of Palm Springs project, comes as a surprise to its friendly rival Nakheel, which is currently constructing the Palm Jebel Ali, where the Palm Springs project was initially planned. Nakhe
Work on Aqaar premier complex in Ajman enters Phase 2
Aqaar, the property development company, headquartered in Ajman, will begin its second phase of work on the premier residential, commercial and hospitality complex, Ajman 1, the Company announced.
Septech to build three Dubai marinas under Dh50mn contract
The Dubai-based comprehensive infrastructure specialist, Septech Emirates, has been awarded the Dh.50million contract, to construct three marinas, as a part of Dubai Marina real estate development, th
Damac Properties strikes deal with 60 agents in India
Damac Properties has entered into a deal with 60 agents in India across all metros and tier-one Cities to market and sell their regional properties to Indian investors.
The Damac Holding, Founde
Many UAE projects stranded due to labor shortage
More than 160 construction projects in UAE are facing delay in completion due to high shortage of labor, reveals the latest industrial figures.
The Managing Director of Al Habtoor Engineering, D
Yas Island to be a major boost to Abu Dhabi economy
The Yas Island Project by Aldar Property in Abu Dhabi, which houses the Ferrari World Abu Dhabi Theme Park and other Warner Brothers attraction and five-star residences and hotels, will surely be a co
Arabtec awarded construction contract worth $142m by Emaar
Arabtec Construction LLC has been awarded a contract, worth US$142m, by Emaar Properties for construction of a new development project in Arabian Ranches, Dubai.
Arabtec Construction LLC plans t
Landmark Group unveils new hotel apartment in Dubai
Landmark Group of Hotels, a subsidiary of Zenath Real Estate, and one of the leading hotel development and management companies in the UAE, has unveiled Landmark Suites, a new deluxe serviced hotel ap
New Authority in Ajman for regulation of realty market
The Government of Ajman has announced the formation of a special department namely Ajman Development and Investment Authority, for regulating the real estate development activities in the emirate.
More new buildings to be added to Abu Dhabi Realty Sector
The property market in Abu Dhabi will witness 200 new buildings during 2008 and 2009, with the Abu Dhabi Commercial Bank (ADCB) deciding to take-over the management of the Commercial Buildings Departm
Emaar launches sale of unique townhouses and villas
Emaar Properties has announced the sale launch of a limited collection of unique townhouses and villas on 8th March 2008. These chosen villas and townhouses are situated in the neighborhoods of the Ar
