Monday 21 April 2014
 
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Nakheel awards 2 contracts for Deira Islands

Nakheel, a major Dubai-based developer, has awarded contracts valued at more than Dh47 million ($12.7 million) for design and supervision services on Deira Islands, a report said. AE7 won the Dh28 million contract for design and supervision services including master planning, par

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Abu Dhabi mortgage firms see positive investor outlook

Changing regulations, the removal of rental price caps, and the rising demand are all responsible for Abu Dhabi’s residential rental yields, said an industry expert, adding that lenders were set to benefit from the positive investor sentiment. Christopher Taylor, CEO of Abu

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Bahrain gets ready for 3Gs trio of expos

Curtains are set to rise early next month on the landmark 3Gs trio of expos in Bahrain -- GulfBID, Gulf Property Show and GulfInteriors 2014 – the leading industry-shaping exhibitions in the kingdom. A remarkable line-up of participants at GulfBID 2014 will anchor a dazzlin

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GCC construction facing 500,000 manpower gap

The GCC’s construction and real estate sectors are facing a combined manpower shortfall of up to 500,000 heading into 2015, a report said, adding that building and construction project management skills are most lacking among senior levels. Real estate project financing, pr

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Drake & Scull Kuwait wins $34.8m deals

Drake & Scull Kuwait (DSI Kuwait), a subsidiary of Drake & Scull International (DSI), has won contracts worth Dh128 million ($34.8 million) in Kuwait. It said the company won a major engineering contract worth Dh68 million for Sheikh Jaber Al Ahmad Cultural Center in Kuwa

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Tasweek to highlight green tech for projects

Tasweek Real Estate Development and Marketing, an advisor and solutions provider, is partnering with ‘Inside Investor’ to hold an event to highlight advanced technologies for projects to sustain the growth of real estate and other related service industries. Smart Liv

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CTBUH-Qatar meeting on April 23

The Council on Tall Buildings and Urban Habitat (CTBUH) Qatar will hold its regional meeting next week at the iconic Torch Hotel in Doha's Aspire Zone. The topic of the meeting on April 23 will be: Creating an Iconic Building: The Design and Construction of Aspire Tower'.

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Dar Al Arkan Q1 profit rises 4.3pc

Saudi Arabian real estate firm Dar Al Arkan reported a 4.3 percent increase in first-quarter net profit on Thursday, beating analyst forecasts, on the back of higher sales of its developed properties. The kingdom's largest listed property developer made a net profit of 247.9

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UNB to finance $238m Abu Dhabi airport works

UAE-based Union National Bank is set to finance the PCE Joint Venture for the mechanical works for Abu Dhabi International Airport – Midfield Terminal Building.   The JV comprises of Power Transmission Gulf (40 per cent), China State Construction Engineeri

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1,000-bed maternity hospital for Jeddah

A new 1,000-bed maternity hospital will be built attached to the King Abdullah Medical Complex in Jeddah, Saudi Health Minister Dr Abdullah Al-Rabeeah has announced. He also said Makkah will have a new 500-bed hospital, according to a Saudi Gazette report. The repo

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