Sedco Capital eyes $300m Europe real estate deal
Jeddah-based Islamic investment firm Sedco Capital plans to arrange a club investment of up to $300 million in European real estate, and will soon distribute its Luxembourg fund range via two European investment firms, its chief said.
Barwa plans 650-retail shop mall in Doha
$137M ALAATEDA MALL
Barwa Real Estate Group is set to build a QR500 million ($137.1 million) mall, Alaateda, featuring as many as 650 retails shops, close to the under-construction Msheireb Downtown Doha project, according to a report.
Property valuations market ‘growing’ in UAE
The property valuations market in the UAE is growing along with the real estate sector, according to leading property agency Chestertons.
Abu Dhabi property rentals, sales stabilise in Q3
The real estate market in Abu Dhabi continues to see a stabilisation of rental and sales prices for completed properties, a report said.
Blucher wins Jeddah airport pipe supply contract
Blucher, one of Europe's key producers of stainless steel drainage systems, said its regional office in Dubai, UAE, will supply 200-mm pipes for Phase One expansion of King Abdul Aziz International Airport (KAAIA) in Jeddah, Saudi Arabia.
Shapoorji Pallonji starts Saudi tower work
Designer-contractor Shapoorji Pallonji Mideast, the regional arm of the Indian business conglomerate Shapoorji Pallonji Group, has begun substructure work on the 150-m-tall Al Abdulkarim Tower (AKH Tower) in Dammam, Saudi Arabia.
Hill wins UAE ministry building project
Hill International, a global leader in managing construction risk, said it has received a contract from Emirates Real Estate Corporation (Erec) to provide project management services for a Abu Dhabi ministry building.
Hungary firm to build new oilfield in Iraq
The Kurdistan Regional Government in Iraq has approved a major new oil field development majority-owned by Hungary's MOL, the company said on Thursday.
Cameron seeks Qatar funding for infrastructure projects
British Prime Minister David Cameron has urged Qatar to plough more of its vast oil and gas wealth into infrastructure projects across Britain during an official visit from the Gulf state's emir.
Dubai property slowdown stabilises rents in Q3
Dubai’s real estate market witnessed further stabilisation and a slowing down of both property prices and rental rates in the third quarter, a far cry from the abnormal price hikes the UAE emirate had experienced in the last 18 months.
Quality building materials in focus at Dubai forum
The role of quality building materials in achieving higher standards for sustainability and safety in buildings and infrastructure will be the focus of an upcoming conference in Dubai, UAE.
Omniyat starts work on $680m Dubai residential project
Omniyat Group has started work on its Dh2.5 billion ($680 million)-project One at Palm Jumeirah, a 25-storey residential property which has been designed by New York-based architect Michel Abboud on the Palm islands in Dubai, UAE.