Monday 31 August 2015

Dubai Properties revenue to rise this year

Dubai Properties Group (DPG), a real estate developer owned by the emirate's ruler, will increase its revenue in 2015 and a rising population will help support residential prices, the company's chief executive said on Sunday. After a rocky few years around the turn of the


Civic projects in 80 Saudi cities approved

Tendering of 182 civic projects worth a total of SR1.77 billion ($471 million) in 80 cities in Saudi Arabia has been approved, a report said. The projects include the construction and maintenance of roads, flyovers and underpasses, pedestrian bridges, streetlights and beautificat


Al Hamra to launch Falcon Island Phase 2

Ras Al Khaimah’s largest real estate developer Al Hamra Real Estate Development will launch the Phase 2 of its Falcon Island development at the Cityscape Global in Dubai, next month. The new phase will include the exclusive beach and canal villas priced competitively from D


Investors 'upbeat' over Dubai property market

More than 60 per cent of investors expect Dubai’s real estate market to grow over the next 12 months, a report said ahead of Cityscape Global, the Middle East’s largest property showcase, opening in the Emirate next week. More than 100 local developers will participat


Ghesa to install fountains at Presidential Palace Abu Dhabi

Spain-based Ghesa, a leader in ornamental fountains business, will install multiple fountains inside the Presidential Palace in Abu Dhabi as part of a key contract. The company will use the latest advanced technologies in the water features industry in completing the project, a s


Deyaar, Turkish developer ink strategic deal

Dubai-based Deyaar Development, a leading real estate company, has signed an MoU with Turkey's Asçioglu Group, a major property firm, in a move to expand Deyaar’s presence in the wider Middle East region, a report said. Under the agreement, the two companies will


UAE property portal listings top 30,000, a real estate portal launched in January 2014, is now featuring more than 30,000 listings all over UAE, providing extensive details for buying and renting opportunities across both residential and commercial sectors. With an ever expanding portfolio of properti


Deyaar, Turkish developer to explore new opportunities

Deyaar Development, a leading Dubai-based real estate development company, has signed a deal with Turkey's Aşçıoğlu Group, a prime developer known for shaping significant real estate projects in Istanbul.    The memorandum of understanding (MoU)


Qatar construction chemicals market to grow 13pc

The construction chemicals market in Qatar is set to grow at 13 per cent in the next five years, according to a report.   The major factors boosting growth of the market include increasing housing demand by urban population, rising awareness about quality of con


Firms race to meet gas stations upgrade deadline in Saudi

Service companies in Saudi Arabia are racing to meet the January 19 deadline for the revamp of dilapidated gas stations, according to a report.   The Ministry of Municipal and Rural Affairs had handed out rehabilitation certificates for a period of three years t

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