Thursday 24 April 2014

UAE real estate now a strong seller's market

Real estate in the UAE is becoming more expensive with every passing quarter and the sector continues to show signs of a strong seller’s market, according to a study by As the cities grow outwards, secondary areas, which were not on the top list of investors, see


Abu Dhabi to unveil new desert-inspired park

The Salama bint Hamdan Al Nahyan Foundation will unveil plans for a 125,000 sq m park in the heart of the UAE capital to thousands of visitors at Cityscape Abu Dhabi, a premier real estate investment exhibition opening tomorrow (April 22). Al Fayah Park will be located on Sheikh


Qatar cuts number of World Cup stadiums to 8

Qatar has reduced the number of stadiums it plans to build for the 2022 soccer World Cup by a third, according to a Bloomberg report. Qatar will now build only eight stadiums for the event, Ghanim Al Kuwari, the organizing committee’s senior manager for projects, w


Kingdom Tower work to start next week

Above-ground work on the world's first one-kilometre tall tower will start next week in Jeddah, Saudi Arabia, a report said. Construction on the Kingdom Tower is scheduled to begin on April 27, said reports. Construction is scheduled to complete in 63 months. T


Aldar launches new $1.4bn Abu Dhabi projects

Real estate developer Aldar Properties has launched three new developments in Abu Dhabi worth 5 billion dirhams ($1.4 billion), the company said on Monday. "Off-plan sales for the three developments will commence in May and construction is scheduled to begin in 2015," i


CPC backs summit as strategic partner

Saudi Arabia-based Construction Product Holding Company (CPC) has strengthened its commitment for The Arabian World Construction Summit (AWCS) by elevating its relationship to strategic partner. The summit will take place from May 12 - 14 at the Sofitel Hotel, The Palm Dubai.


Qatar tenders mega water reservoirs project

Qatar’s General Electricity and Water Corporation (Kahramaa) has announced the tender for the construction of five primary reservoir and pumping station (PRPS) packages as part of its water security mega reservoirs project. The five separate packages (A – E), cover ma


Dubai plans art museums in Metro stations

Dubai’s Roads and Transport Authority (RTA) has signed an agreement with the Dubai Culture & Arts Authority towards transforming six of the Dubai Metro stations into museums showcasing artistic and cultural works with a project cost of Dh184 million ($50 million). RTA a


Emiratis, Indians top real estate investments in Dubai

Emiratis ranked highest among all investors in Dubai during the first quarter of 2014, in terms of the value of investments, with Indians being the largest number of foreign investors. Investments in Dubai's real estate sector totalled Dh35 billion ($9.53 billion) during the first


Qatar Rail awards major Metro insurance deal

Qatar Railways has awarded one of the largest ever single project tunneling and rail construction insurance policies of the Doha Metro to an six-member consortium of Qatari national insurance companies, led by Qatar Insurance Company (QIC). The consortium includes additional capa

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