News | Middle East

  • GCC Records USD 5.5 bn New Projects in April

    GCC Records USD 5.5 bn New Projects in April

    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.

  • Egypt One of Brightest Spots: GlobalData

    Egypt One of Brightest Spots: GlobalData

    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.

  • Middle East, Africa Report Declines in Hotel Pipeline: STR

    Middle East, Africa Report Declines in Hotel Pipeline: STR

    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.

  • Jubail Island to See AED 50+ mn Marine Works for 8M

    Jubail Island to See AED 50+ mn Marine Works for 8M

    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

  • Dubai Likely to Finalize Over 47,000 Units in 2019

    Dubai Likely to Finalize Over 47,000 Units in 2019

    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.

  • Majid Al Futtaim’s 1st Mall in Abu Dhabi to Open in Q2 2019

    Majid Al Futtaim’s 1st Mall in Abu Dhabi to Open in Q2 2019

    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.

  • Nakheel Starts Work on Palm Tower Infinity Pool

    Nakheel Starts Work on Palm Tower Infinity Pool

    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

  • DAMAC Awards Arabtec AED 299 mn Akoya Oxygen Contract

    DAMAC Awards Arabtec AED 299 mn Akoya Oxygen Contract

    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

  • Lootah Real Estate Breaks Ground on New Residential Project

    Lootah Real Estate Breaks Ground on New Residential Project

    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

  • Majid Al Futtaim to Develop Large Indoor Ski Park in China

    Majid Al Futtaim to Develop Large Indoor Ski Park in China

    Wednesday, 12 September 2018

    UAE-based retail giant Majid Al Futtaim will be providing design and development consultancy services to construct the world’s largest indoor snow and ski resort in China