Saturday 20 September 2014

Durrat Marina to showcase key project at Cityscape Dubai

The southern tip of Bahrain is fast becoming a significant destination, both for residents and visitors to Bahrain, a leading developer has said. Durrat Marina, in a statement, said it is showcasing its marina lifestyle offering at Cityscape Global from September 21 to 23 at the


Damac, ADCB sign mortgage facilities deal

Dubai-developer Damac Properties and Abu Dhabi Commercial Bank (ADCB), one of the top banks in the UAE, have signed a new agreement offering attractive mortgages to investors in the emirate’s off-plan real estate market. Clients looking to buy properties in the 42-million-s


Return on buildings in Saudi to rise sharply

The return on buildings as a proportion of GDP in Saudi Arabia is one of the lowest among major economies but should rise sharply in the years to 2022, according to an expert. Speaking at the recently concluded annual MEED Saudi Mega Transport and Infrastructure Conference, Arcad


Saudis are top GCC investors in Dubai property

Saudi Arabians were the leading GCC investors in property in Dubai, UAE, in the first half of 2014 with investments worth Dh3.4 billion ($925.5 million), according to a report from global property consultancy Frank Knight. They were followed by the Qataris who spent Dh1.5 billion ($408


Kingdom Tower to employ tallest crane

The Kingdom Tower, the world's tallest tower project coming up north of Jeddah, Saudi Arabia, will set another new world record by employing the world’s tallest construction crane. The skyscraper, which will soar more than one kilometre, demands unique construction equi


Project management software in spotlight

How a construction organisation can achieve pro-active control of cost and value to maximise the performance of their projects will be highlighted at two upcoming events in Dubai, UAE, and Doha, Qatar. Causeway Technologies, a leading supplier of software for the built environmen


UAE construction sector to surge on retail boom

The UAE construction sector is set to get a boost from the boom in the country’s retail sector, which is expected to grow over 33 per cent by 2015, according to a report. The retail growth is attracting investment into other GCC countries, including Saudi Arabia, Kuwait and


Saif Zone takes part in The Big 5 Construct India

Sharjah Airport International Free Zone (Saif Zone) showcased its portfolio as The Big 5 Construct India 2014 that concluded recently at the Bombay Exhibition Centre in Mumbai, India. Saud Al Mazrouei, director of Saif Zone, said: “Construct India is an important event for


Seven Tides unveils prime penthouses on Palm Jumeirah

Seven Tides, a Dubai-based developer, has announced the release of 12 ultra-exclusive penthouse apartments at Anantara Residences, on Palm Jumeirah, Dubai, UAE. The penthouses will be presented to investors at this year’s Cityscape Global exhibition in Dubai. The p


Saudi builders refuse wage hike for Indian workers

An association of contractors in Saudi Arabia has rejected a bid by the Indian government to increase wages for its workers in the kingdom, a report said. The move could stall construction projects and force some companies out of the market, added the Zawya Projects News

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