Saturday 23 May 2015

Bayut hosts networking event for business associates

UAE-based real estate portal held a key networking event for its business associates in Dubai where the company discussed its future plans of enhancing business and building stronger partnership with them. The Bayut Networking Event held at Hilton JBR in Dubai was aimed


Dubai designers plan new hub at d3

Dubai-based Association of Professional Interior Designers (Apid) is setting up a design centre within Dubai Design District (d3) in the UAE emirate with an aim to expand its seminars and networking programme. The 1,600-sq-ft Design Hub, being set up on the association’s 10


Tebyan unveils Sparkle Towers at Cityscape Qatar

Tebyan, a leading real estate developer based in Dubai, UAE, showcased its key project “Sparkle Towers at Dubai Marina – Space Marveled by Swarovski” at Cityscape Qatar 2015 held recently in Doha. Sparkle Towers is strategically located in the heart of one of Dubai&rs


MAG 5 launches new residential community in Dubai

MAG 5 Property Development, a real estate company based in the UAE, has announced the launch of its new integrated and affordable residential community at Dubai World Central (DWC). The company is a joint venture between Dubai-based MAG Property Development and MBM Holding, a Dub


Plans to develop $1.1bn safari park in Egypt

A consortium led by Egypt-based company 300 Years History has won approval from the Ministry of Housing to develop a safari park on a 1,000-acre area at an investment of $1.1 billion in Cairo, said a report. Its partners include UK-based Chipperfield Companies Group, Canada&rsquo


GCC construction sector leads surge in pay hike

Pay packages across the GCC have bulked up by seven per cent with the turn of the year across different sectors, with senior executives in the construction segment raking in as much as $1.2 million per annum as basic pay, an industry expert said. Meanwhile, top-tier executive sal


Dubai office rents stable, industrial market gains momentum

The first quarter has seen office rents stabilise across the prime and secondary markets in Dubai, UAE, following a slowdown in the rate of rent increases during the last quarter, while the industrial market has retained its momentum, said a report. Grade A office rents grew by 1


Knauf opens $50m gypsum board factory in Egypt

Knauf, an international, family-owned company based in Germany, has opened a new gypsum board factory in Egypt with investments of $50 million, according to a report. The plant production capacity is 15 million sq m of gypsum, 90,000 tonnes of gypsum products and 25 million m of


Real estate investment trust to list on Bahrain Bourse

The first real estate investment trust (REIT) is expected to list on Bahrain Bourse (BHB) next month, chief executive Shaikh Khalifa bin Ebrahim Al Khalifa said yesterday (May 17). Speaking at a Press conference at BHB premises in Bahrain Financial Harbour Mall, he said a REIT is


Bahrain awards infrastructure tenders worth $7.6m

Bahrain’s Works, Municipality and Urban Planning Affairs assistant under-secretary for service Ahmed Al Khayyat revealed that the ministry awarded six contracts worth BD2.89 ($7.6 million) and invited bids for 11 roads, sanitary and construction tenders worth BD4.02 million ($10.7 million

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