Tuesday 1 September 2015

Worker dies in on-site accident

A worker with one of the subcontracted construction companies at Diyar Al Muharraq project died in an on-site accident, the company said. A Diyar Al Muharraq statement said the accident was caused by human error. It said it was the first time that such a tragic acc


Qatar Primary Materials starts gabbro sales

Qatar Primary Materials Company (QPMC) said it has begun the sale of the gabbro (a coarse-grained and usually dark-colored igneous rock which is often used as facing stones on buildings) stocked at the company's outlets in Mesaieed and Lusail areas to the public and private sector.


Al Marjan signs up as key sponsor for Cityscape

Al Marjan Island (AMI), the first man-made island real estate project in Ras Al Khaimah, has signed up as the gold sponsor for the upcoming Cityscape Global exhibition and conference in Dubai, UAE. "We are delighted to be a Gold Sponsor of Cityscape Global. This new relation


Aldar launches new residential project in UAE

Aldar Properties, Abu Dhabi's leading listed property development, investment and management company, has announced the launch of West Yas, a new residential project to be built on the Yas Island. West Yas is a key component of Aldar’s commitment to create quality, comf


Investors upbeat on Dubai real estate market

Majority of the investors (60 per cent) expect Dubai’s real estate market to grow over the next 12 months, said a survey conducted ahead of a key industry event in Dubai, UAE. The largest property showcase in the Middle East, Cityscape Global, will be held at the Dubai Worl


Dubai residential property prices plunge 9.8pc

The residential property sale prices across Dubai, UAE, fell 9.8 per cent year-on-year (y-o-y) in July, while in capital Abu Dhabi the prices were down two per cent, said a report. The Dubai Residential Property Sales Price Index for all residential decreased by four points, from


Deyaar set to launch Midtown phase 1

Deyaar Development, a leading Dubai-based developer, today announced that the Afnan District of its Midtown development at International Media Production Zone (IMPZ) will open for bookings in September. Afnan District is the first part of the 1.2-million-sq-ft mega Midtown develo


Greenstone, Trinity to offer Japan property deals

Greenstone Equity Partners, a leading fund placement firm in the Middle East, recently announced its collaboration with Trinity Investments to raise capital from GCC investors for real estate investment in Japan. The partnership was created to attract GCC investors to invest in t


GCC rail network project development ‘sluggish’

The GCC states must decide soon on the fate of the long-awaited Gulf-wide railway network if it is to be operational by 2020, a report said. While metro projects in Doha, Dubai, Jeddah, Makkah and Riyadh are pushing ahead rapidly, efforts to develop the ambitious GCC railway trac


Dubai real estate group wins key investment

Dubai-based real estate technology enterprise, JRD Group, said it has won key investment from iMENA Group, a leading operator of online businesses in the region. With this deal, the company has become a new member of iMENA Group's growing platform which includes eight online

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