• 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 eight per cent over last year and a steady year-on-year gross profit of Dh581 million ($158 million).

  • Abu Dhabi embarks on key infrastructure makeover


    Abu Dhabi municipality has embarked on landscaping works of the median of Sheikh Rashid bin Saeed Street in the UAE capital. This comes as part of its efforts to keep pace with city's development drive and maintain the urban appearance of the road.

  • Azizi's DHCC project in final phase of construction


    Azizi Developments, a leading private developer in the UAE, said the construction work on its Dh470-million ($128 million) project, Azizi Aliyah Residences, in Dubai Healthcare City was nearing completion with the MEP works and finishes currently underway

  • Dubai's house price growth down in October


    The annual house price growth in Dubai has softened by 5.6 per cent in October, with the rates declining 1.2 per cent month-on-month. This trend is likely to continue until the end of this year and into the start of 2019, said an expert.

  • Big tenant line-up unveiled for $1bn Abu Dhabi mall


    Al Farwaniya Property Developments has unveiled the tenant line-up for its Dh4 billion ($1.1 billion) Reem Mall project in Abu Dhabi which includes top brands such as Virgin Megastore, Home Centre, Adidas, Ecco, Steve Madden, Bershka and Paul.

  • Alstom powers Africa's first high-speed rail network

    CASABLANCA-TANGIER ROUTE
    Alstom said it has supplied 12 trains for a high-speed line in Morocco, the first such network in Africa, linking the cities of Tangier and Casablanca. Running at 320/km/hour, it will reduce the five-hour travel time between the cities to 2 hours.

  • ADFD backs $2.3bn Morocco high-speed rail project


    UAE-based Abu Dhabi Fund for Development (ADFD) said it has allocated Dh514 million ($140 million) for the development of a major high-speed rail network in Morocco that will connect the major cities of Tangier and Casablanca.

  • Naming rights for Riyadh Metro's 8 stations raise $278.7m


    Riyadh Development Authority (RDA) has awarded naming rights for eight Riyadh Metro stations to leading commercial organisations from Saudi Arabia and the region, generating a total of SR1.045 billion ($278.7 million) over the 10-year period.

  • Emirates NBD real estate trust wins $75m funding


    Emirates NBD Asset Management said its shari’a-compliant real estate investment trust (REIT) has secured a $75 million funding from Standard Chartered Bank for a three-year term with an accordion option to upsize the facility to $100 million.

  • Global solar industry giants set for Dubai event


    Global players from the solar and renewable energy sectors will be showcasing the latest in industry innovations for the 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 a 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 Abu Dhabi at the ongoing retail real estate event Mapic in Cannes, France.

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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 eight per cent over last year and a steady year-on-year gross profit of Dh581 million ($158 million)....



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Gulf construction - December 2017


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