Saturday 25 October 2014

Top design experts at Dubai Downtown fair

Downtown Design, a leading platform for contemporary original design in the Middle East, has announced its final line-up of keynote speakers at the event's second edition to be held from October 28 to 31 in Dubai, UAE. Headlining the line-up this year is Mario Bellini, an int


New law to boost Bahrain property investments

Bahrain is set to attract significant investments into its property market, thanks to the new real estate development law that comes into effect in February, said an expert. Introduced this July, it seeks to protect the interests of investors and developers by establishing a stru


Souq Extra selects Yardi system for UAE retail centres

Souq Extra, an integrated property group, has selected Yardi’s Voyager 7S to manage its SouqExtra! centre portfolio. Established in 2007, Souq Extra has developed five SouqExtra! centres across three distinct UAE markets, retaining 100 per cent ownership of each centre and


Sharjah airport opens new $136m runway

Sharjah International Airport has opened a new runway, which has been designed to receive new generations of Code F aircraft and giant freighters. The runway, which has been built at a cost of Dh500 million ($136 million), is fully equipped with multiple control systems, aeronaut


Deyaar Q3 net profit nearly doubles

Dubai's Deyaar Development reported a 94 per cent rise in third-quarter net profit on Wednesday as sales at a newly-launched residential project boosted earnings. Deyaar, one of the companies worst hit by the emirate's property market collapse in 2009-2010, made a quarter


Top engineering group in key ME safety milestone

Irinatech, a leading MEP (mechanical, electrical and plumbing) engineering company in the region, said it has achieved a major safety milestone after clocking one million man-hours without a single lost time incident (LTI) during the period from September 2010 to July 2014. The m


Saudi Arabia to make insulation of buildings mandatory

Saudi Arabia will soon make it mandatory for residential buildings in 24 major cities across the kingdom to have thermal insulation in a bid to save on rising energy costs, said a report. About 70 per cent of residential buildings in the country lack thermal insulation, reported


Abu Dhabi’s real estate market stable in Q3

Average residential leasing and sales prices in Abu Dhabi, UAE, remained relatively steady in the third quarter with the apartment and villa sales year-on-year still offering returns of 28 and 14 per cent respectively, said a report. The Abu Dhabi real estate market was left rela


Mena spends $300bn on railways and metros

Rail and metro projects worth a total of $300 billion are under way or being planned in the Middle East and North Africa (Mena) region, said an expert at a key industry summit held in Dubai, UAE. Saudi Arabia has the largest rail project pipeline in the region with over $100 bill


Dar Al Arkan Real Estate targets 10pc growth

Dar Al Arkan Real Estate Development Company, Saudi Arabia's largest listed developer, plans to spend over SR1 billion ($267 million) on projects in 2015 and aims for 10 per cent growth of its business in the year, its chairman said. The company has a strong tailwind: supply

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