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Dubai property prices hit ‘plateau’ – ValuStrat
Real estate consultancy’s index finds evidence of price stabilisation. Rents and sale prices in Dubai’s residential property sector are showing strong signs...
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Dubai tower to soar ‘100m taller than Burj Khalifa’
Emaar Properties chairman Mohamed Alabbar reveals new details about $1 billion megastructure. The Tower, set to be the centrepiece of Dubai Creek...
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Damac launches phase 2 of ‘Sharia compliant’ project
Developer targets halal tourism sector with Ghalia serviced hotel apartment project. The Dubai-based real estate heavyweight, Damac Properties, has announced a limited...
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Qatar’s Aljaber Group planning IPO – report
Construction firm could offer $800 million initial public offering on Doha stock market, says Reuters. The Qatar-based construction firm Aljaber Group is...
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Starwood and Saudi Real Estate in Riyadh hotels deal
One hotel will come under Starwood’s Westin brand while the other will fall under its Element brand. US-based Starwood Hotels and Saudi...
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L&T ‘wins Qatar World Cup stadium contract’
Indian conglomerate in deal to build $135m 40,000-capacity Al Rayyan stadium – report. The Indian construction giant Larsen & Toubro (L&T) has...
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Midday break: UAE plans 60,000 inspections
Violations of summer working rule will be reported electronically directly from construction sites - report. Government officials in the UAE will conduct...
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Egypt sees 69% rise in building material exports in April
Egyptian Export Council for Building Materials has plans to increase building exports further within the coming months - report. The export of...
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Dammam housing project halted for redesign
Project of 4,800 units to face delays after Saudi Ministry of Housing asks for fresh design proposals. Saudi Arabia’s Ministry of Housing...
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UAE’s Al Habtoor Group ‘closer to IPO’
Investment and contracting company has ‘all the documents ready’ for a share sale, says its CEO. The UAE-based investment and contracting company...