Real Estate
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.
Real Estate daily news »
Damac awards construction tender
Dubai-based developer Damac Properties has awarded Dar for Trading & Construction (DETAC) the construction contract for Park Avenue, Cairo-Alex Desert Road. The project consists of 723 retail units and 454 office spaces, as well as parking which will serve a total of 3,000 cars. DETAC is expected to deliver the project in 18 months, the company said in a statement.- » Emaar cancels deal with City Cool
- » Christian Lacroix to design new Dubai tower
- » Orascom's Q3 profit down 41%
- » Iraq to allow foreigners to own land
- » Dubai begins inspection of unregistered brokerages
- » Tulip ready for 2010 Jumeirah Golf Estates handover
- » Emaar merger talks 'done in one month'
- » Emaar India unit plans to sell shares
- » Tamweel-Amlak merger to complete by early 2010
Real Estate press releases
Greater Amman Municipality prepares for the development project of the Hashemite Yard
Modernization works have commenced in the Hashemite Yard (Plaza) in the city center according to Greater Amman Municipality (GAM) resources; the work started with removing the current warehouses, floor tiles and the drilling works to build social and entertaining facilities and others that embody the features of Al Seil Al Qadeem (the old stream) which was passing through the area in the past.- » Enshaa acquires Signature Clubs International
- » Dubai Properties Group appoints Salwan to manage The Villa at Dubailand
- » Dubai Chamber luncheon discusses construction sector issues
- » A big start to The Big 5
- » The first Big 5 Key Buyers Programme to increase trade opportunities to UAE construction companies...
- » Emirates Building Systems showcases its major projects at The Big 5 Show 2009
- » Damac Properties Egypt announces construction tender award for Park Avenue Desert Road
- » Real opportunities to offload property assets and attract fresh capital
- » The Big 5 opens today, 15% bigger than previous show
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Audio Features »
Analysis
Saudi real estate sector to exceed $400bn in 2010
The real estate sector in Saudi Arabia continues to retain its appeal, despite the global recession and property market downturn. Saudi Arabia, the GCC's largest economy, continues to focus on diversifying its economic activities. It is expected that the total investment in the kingdom's real estate sector will exceed the $400bn barrier by 2010.- » Dubai apartment prices to come under renewed pressure
- » UAE Cost of Living Report 2009: Accommodation
- » Muted Cityscape ends with industry looking beyond the downturn
- » Dubai's property market still in 'downward phase of the cycle'
- » Dubai property market surveyed as Emaar miss Cityscape
- » Qatar Pearl progress continues
- » Dubai property asking and achieved sale prices converge
- » Dubai landlords accept changing rental terms
- » Aldar H1 results boost confidence in Abu Dhabi market
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