News | Middle East
Monday, 30 November 2020
Saudi Arabia's national developer Roshn has awarded contracts worth SAR 1.6 bn (USD 427 mn) for its flagship residential project, "Riyadh Community," as work commences on-site for off-plan homes to be ready for sale in H1 2021.
Monday, 1 June 2020
GCC has witnessed the release of USD 5.5 bn worth of new projects in April, primarily driven by Saudi Arabia which contributed to 67% of the total value of additions.
Thursday, 5 December 2019
Egypt is deemed one of the region's "brightest spots," where construction is expected to expand by an annual average of 11.3% between 2019 and 2023.
Monday, 18 November 2019
The US-based hospitality sector analytics provider STR announced a 5.7% year-on-year (YoY) dip in the volume of rooms in the underway projects' final phase in the Middle East region last October, with Egypt coming last on the high performers list for having 4,976 keys underway, marking 2.9% of existing supply.
Wednesday, 24 July 2019
Jubail Island Investment Company (JIIC) has awarded an AED 50+ mn marine works contract to National Marine Dredging Company (NMDC) for the AED 5 bn mixed-use Jubail Island megaproject in Abu Dhabi, which is set to last for eight months long
Monday, 4 March 2019
UAE-based Property Finder has expected the number of completed residential units in Dubai to exceed 47,000 during the current year, following the finalization and delivery of around 21,014 residential units in 2018's third quarter.
Sunday, 3 March 2019
Dubai-based Majid Al Futtaim, the leading shopping mall, retail, and leisure pioneer across the Middle East, Africa, and Asia, has announced that work is progressing on schedule at its first shopping mall in Abu Dhabi, My City Centre Masdar, which is set to inaugurate in Q2 2019.
Wednesday, 9 January 2019
Dubai-based property developer Nakheel has commenced construction works of its rooftop infinity swimming pool at The Palm Tower, its 52-story, luxury hotel and residential complex at the heart of Palm Jumeirah, Dubai
Wednesday, 31 October 2018
UAE-based construction company Arabtec Construction, a subsidiary of Arabtec Holding, has been awarded an AED 299 mn contract to build 478 luxury villas for DAMAC Properties' master-planned AKOYA Oxygen community in Dubailand
Tuesday, 9 October 2018
UAE-based modern real estate developer Lootah Real Estate Development has broken ground on "The Edge," the latest residential addition to the company's array of properties owned and developed in Dubai Investment