- Home : Real Estate and Construction
Real Estate and construction
Follow the Middle Eastern property boom with expert news and analysis on the real estate sector. See how the regions construction companies and property developers are performing with up-to-the-minute news, video and audio.
Sign up for our weekly real estate newsletter
Sign up for our weekly real estate newsletter
- » The Tiger Woods Dubai awards $159m contract
- » Meraas reviews $95bn property project
- » Qatar Real Estate Investment receives funding
- » Trump Tower 'on hold'
- » 'No defaults' on Dubai property
- » Nakheel lays off 500 staff
- » Mizin awards bid to Bin Laden Construction and ERC
- » Emaar shares 'to rise'
- » Jones Lang upbeat on Saudi realty
- » More Real Estate and construction news...
Police seek Al Barakah CEO
United Arab Emirates
The chief executive of Al Barakah, a UAE-based property developer, is wanted by Dubai police in connection with Dhs14m ($3.8m) worth of bounced cheques, The National has reported. Al Barakah, which had launched more than a dozen developments in Dubai and Ajman, lured homebuyers with a guarantee of a 50% profit in six months, the paper reported. To convince them, the company issued post-dated cheques for that time period. Police say at least Dhs14m worth of those cheques have bounced and the company's chief executive, Imran Khan, has so far eluded investors and law enforcement officials looking for him. The status of the company's developments remains unclear.
Real Estate and construction press releases
- » 7CI expands global and UK operations
- » Palm Utilities hosts painting competition for Dubai Gems School students
- » Hyder honoured at MEP Middle East Awards
- » Dubai Dreamz partners with AMG Worldwide in Dubai
- » Al Mazaya recommends distribution of 68 fils per share as revenues for 2008 financial year
- » Colliers International delivers Dubai House Price Index for Q3 2008
- » The Tiger Woods Dubai awards Dhs582m infrastructure contract
- » Kerala Builders Forum hosts the Kerala Property Expo in Dubai and Abu Dhabi
- » Dubai Holding Commercial Operations Group repays Dhs2.4bn in Eurobonds and maturing bank loans
Raya announces official launch of Raya Sea Side Residence
Jordan
Under the patronage of H.E. Eng. Husni Abu Gheida, Chief Commissioner of Aqaba Special Economic Zone Authority (ASEZA), Raya Development & Investment, a leading real estate enterprise, announced its official launch in the Kingdom by laying the foundation stone for its first project 'Raya Sea Side Residence' in Aqaba, with a total project cost of JD50m.
Analysis
- » Abu Dhabi ‘able to finance’ all current real estate projects
- » Saudi rental prices predicted to fall as building permits grow 213%
- » Dubai to hold property roll out as Emaar, Nakheel merger denied
- » Abu Dhabi real estate and finance houses create joint lender
- » Abu Dhabi developers change focus to suit economic constraints
- » Dubai developer demands up to 88% increase on price to pay construction costs
- » Credit squeeze grips Dubai real estate
- » Stock market crash and rents boost Abu Dhabi realty outlook
- » Dubai’s off plan projects ‘on hold’ through lack of financing
Dubai property prices to fall in Q4 2008
United Arab Emirates
A number of recently released reports on the outlook for Dubai's property market have given mixed reports for the developments of the next few years. Although most agree that the underlying fundamentals are relatively stable, there is an industry consensus that prices are likely to drop - at least in the short term.
Special reports
Home : Real Estate and Construction
Web Feeds