• Aldar Properties records 8pc growth in Q3 revenue


    UAE-based Aldar Properties said it has delivered a strong performance for the third quarter with a revenue of Dh1.5 billion ($408 million), up 8 per cent over last year and a steady year-on-year gross profit of Dh581 million ($158 million), reflecting the

  • Global solar industry giants set for Dubai event


    Leading global players from solar and renewable energy sectors will be showcasing the latest in industry innovations for construction market at a key event being held in Dubai, as part of The Big 5, the largest construction expo in the region.

  • Arada unveils smart city plans for Sharjah's Aljada project


    Sharjah developer Arada has announced plans to create one of the UAE’s smartest cities at its 24-million-sq-ft development Aljada with key innovations such as sustainability lane for electric vehicles, smart parking and solar-powered lighting.

  • Design International showcases key projects at Mapic


    Design International, one of the world’s most prolific architects, will be showcasing its key projects such as Ferrari Centro Stile (Italy) and Reem Towers in Dubai at the ongoing retail real estate event Mapic in Cannes, France.

  • New mortgage rules 'to help boost UAE property sector'


    The UAE’s banking sector has indeed played a pivotal role in helping thousands of people own their dream homes in the emirates, but a lot more can be done to catalyse the real estate sector's growth via easier mortgage solutions, said an expert.

  • Emaar's nine-month revenue surges 30pc to $4.73bn

    ROBUST RETAIL, PROPERTY GROWTH
    Emaar Properties has recorded a Dh17.39 billion ($4.73 billion) revenue for the first nine months, up 30 per cent over Dh13.351 billion ($3.635 billion) last year, led by the robust growth from its build-to-sale property unit and malls division.

  • Bahrain signs deal for new private aviation terminal


    An agreement to transform Bahrain's Civil Aviation Affairs (CAA) building into a private aviation terminal to cater to VIPs and business leaders was signed today at the Bahrain International Airshow.

  • Cluttons inks major Bahrain project leasing deal


    Cluttons Middle East, a part of Savills Group, has signed a new leasing deal for Fakhro Tower, one of the key commercial office buildings in Manama, that boasts a prime location (opposite Bahrain City Centre Mall) with coastal and city views.

  • Bahrain to build new private aviation terminal


    Bahrain's Civil Aviation Affairs (CAA) building, which once served as the kingdom’s main airport, will be transformed into a private aviation terminal to cater to VIPs and business leaders, Bahrain Airport Company (BAC) has announced.

  • Siemens equipment selected for Adnoc crude flexibility project


    Samsung Engineering and Chicago Bridge & Iron Company (CB&I), a McDermott International company, recently selected Siemens to provide 19 process reciprocating compressors for Adnoc Refining’s crude flexibility project at Ruwais Refinery-West.

  • Omran, Majid Al Futtaim lay foundation stone for $13bn Muscat project


    Oman Tourism Development Company (Omran) and Majid Al Futtaim recently hosted an official foundation ceremony to further cement their partnership for the OR5-billion ($13 billion) Madinat Al Irfan, Muscat’s new ‘City for the Future’.

  • Nakheel records $1.05bn nine-month net profit


    Leading UAE master developer Nakheel has registered a net profit of Dh3.86 billion ($1.05 billion) for the first nine months compared to the last year's figures of Dh4 billion ($1.08 billion).

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Construction News

Aldar Properties records 8pc growth in Q3 revenue

UAE-based Aldar Properties said it has delivered a strong performance for the third quarter with a revenue of Dh1.5 billion ($408 million), up 8 per cent over last year and a steady year-on-year gross profit of Dh581 million ($158 million), reflecting the...



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