Wednesday 23 April 2014

Gulf Property Show to spotlight 2 luxury projects

Two extraordinary real estate developments in Bahrain will be showcased at the upcoming Gulf Property Show, a boutique showcase for the real estate and property development sectors, to be held in the Kingdom from May 6 to 8. Impact Estate, which provides a wide range of services


Emaar Q1 profit up 55pc; hits $235m

Emaar Properties, recorded a net profit of Dh863 million ($235 million) during the first quarter (Q1) of 2014, marking a 55 per cent increase over the Q1 2013 net profit of Dh556 million. It is also 14 per cent higher than the fourth quarter 2013 net profit of Dh756 million ($206


Arabtec unit to showcases $3.8bn projects

Arabtec Holding, a leading engineering and construction group of companies, is showcasing projects worth Dh14 billion ($3.8 billion) at Cityscape Abu Dhabi, through its newly launched subsidiary, Arabtec Properties. Arabtec Properties will make its debut at the 8th annual edition


Abu Dhabi prime housing market flying high

The Abu Dhabi real estate market continued to grow during the first three months (Q1) of the year, with the prime residential sector seeing increased rents and prices and near to full occupancy for high quality products, a report said. The retail segment continues to experience g


Aldar launches sale of Penthouse Collection

Aldar Properties, Abu Dhabi's leading listed property development company, has launched the sale of 21 exclusive duplex penthouse apartments at Gate Towers, the Penthouse Collection, in Shams Abu Dhabi on Al Reem Island.   One of the most iconic developments in Abu Dhabi,


Qatar's UDC sells 47plots for $398m

Qatar's United Development Company (UDC), a real estate company developing The Pearl residential complex on an artificial island in Doha, said it had agreed to sell 47 plots of land in the area for 1.45 billion riyals ($398 million). The land, totalling about 103,000 sq m, wi


Bloom starts work on waterfront project

Bloom Properties, the Abu Dhabi-based property arm of National Holding, has started work on its premium waterfront development in Al Bateen. The 'Abu Dhabi Marina' by Bloom Properties will host luxurious residences, executive serviced apartments, hotel, cafes and restaura


Qatar reviewing number of World Cup stadiums

Qatar is reviewing whether it will build all of the 12 stadiums proposed in its bid for the 2022 World Cup soccer tournament as it finalises plans that will go to Fifa for approval, the event's organising committee said on Monday. After it won the right to host the World Cup


PMI congress spotlight on Dubai Expo

Dubai has been chosen as the first Middle East city to host the Project Management Institute’s Global Congress. The opening session of the congress will focus on the extensive planning and preparations for World Expo 2020 from ministry officials overseeing the projects, in


Emrill wins FM contract with Elite Residence

Emrill, a leading integrated facilities management provider in the UAE, today announced the signing of a facilities management (FM) contract for the stunning Elite Residence. Saeed Ahmed, commercial director, Emrill said: “Elite Residence has become one of the most sought a

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