Saudi Arabia inks key construction contracts
Saudi Arabia has announced plans to construct nine buildings and various centers for Islamic organizations across the Kingdom at an estimated cost of SR35 million ($9.32 million), said a report.
Worker dies in on-site accident
A worker with one of the subcontracted construction companies at Diyar Al Muharraq project died in an on-site accident, the company said.
Qatar Primary Materials starts gabbro sales
Qatar Primary Materials Company (QPMC) said it has begun the sale of the gabbro (a dark-colored igneous rock often used as facing stones on buildings) stocked at its outlets in Mesaieed and Lusail areas to the public and private sector.
Al Marjan signs up as key sponsor for Cityscape
Al Marjan Island (AMI), the first man-made island real estate project in Ras Al Khaimah, has signed up as the gold sponsor for the upcoming Cityscape Global exhibition and conference in Dubai, UAE.
Aldar launches new residential project in UAE
Aldar Properties, a leading listed property development company in Abu Dhabi, has announced the launch of West Yas, a new residential project which boasts 1,017 four- and five-bedroom modern villas on the Yas Island.
Investors upbeat on Dubai real estate market
Majority of the investors (60 per cent) expect Dubai’s real estate market to grow over the next 12 months, said a survey conducted ahead of Cityscape Global, a leading property showcase in Dubai, UAE.
Dubai residential property prices plunge 9.8pc
The residential property sale prices across Dubai, UAE, fell 9.8 per cent year-on-year (y-o-y) in July, while in capital Abu Dhabi the prices were down two per cent, said a report.
Deyaar set to launch Midtown phase 1
Deyaar Development, a leading Dubai-based developer, today announced that the Afnan District of its Midtown development at International Media Production Zone (IMPZ) will open for bookings in September.
Greenstone, Trinity to offer Japan property deals
Greenstone Equity Partners, a leading fund placement firm in the Middle East, recently announced its collaboration with Trinity Investments to raise capital from GCC investors for real estate investment in Japan.
GCC rail network project development ‘sluggish’
METROS ‘TAKING PRIORITY’
The GCC states must decide soon on the fate of the long-awaited Gulf railway network if it is to be operational by 2020, a report said, adding that efforts to develop the ambitious track that would link the six states have been sluggish.
Dubai real estate group wins key investment
Dubai-based real estate technology enterprise, JRD Group, said it has won key investment from iMENA Group, a leading operator of online businesses in the region.
Laing O’Rourke eyes complex projects in UAE
Laing O’Rourke, a leading UK-based contractor, is rebuilding its operations in the UAE by introducing more modular building techniques into Middle East projects, said a report.