Saudi Arabia Introducing New Safety Measures for Government Projects

• Sunday, 23rd October 2016
• by Karim Mohy

Saudi Arabia has begun to implement new safety and security measures for its government implemented projects starting from last, with several implications for contractors.

Saudi Housing Figures Under Criticism

• Sunday, 23rd October 2016
• by Karim Mohy

The percentage of homeownership in Saudi Arabia relative to the general population is 63%, according to figures stated by the Saudi General Authority for Statistics Demographic Research Bulletin (pdf) published last Monday — a figure which has come under critical scrutiny by industry representatives, economists and residents.

Dubai’s Property Market is Bottoming Out -Nakheel

• Sunday, 23rd October 2016
• by Karim Mohy

Dubai's property market, which has recently seen a decline in rents and sales prices, is witnessing a return of buyers, according to the chairman of Dubai-based developer Nakheel, Ali Rashid Lootah.

Job Cuts Put Pressure on Abu Dhabi’s Property Market

• Sunday, 23rd October 2016
• by Karim Mohy

Increasing job cuts in the private and public sector in Abu Dhabi have led to downward pressure on rents and sales prices.

Deyaar to Showcase Projects in New Delhi Next Week

• Thursday, 20th October 2016
• by Karim Mohy

Dubai-based developer Deyaar Development PJSC will hold an investor roadshow in New Delhi next week to cater to the growing interest of Indian investors in the UAE property market.

Dubai Updates Its Investment Map App

• Thursday, 20th October 2016
• by Karim Mohy

Dubai Land Department (DLD) has updated its Investment Map mobile phone application to provide details of properties and closeby amenities to its users.

More Details Released on Park Inn Radisson Hotel Planned for Dubai’s First Avenue

• Thursday, 20th October 2016
• by Karim Mohy

Park Inn released further details on their hotel and mall complex dubbed First Avenue set to open in Dubai's Motor City.

Frequency of Payments Owed to Construction Companies from Saudi State to Improve -FinMin

• Thursday, 20th October 2016
• by Karim Mohy

According to Saudi Finance Minister, Ibrahim Alassaf, Payments owed to construction firms, which currently face delays, were due to “technical reasons,” and their frequency would improve, according to Saudi Finance Minister Ibrahim Alassaf.

Bloom Eager to Start Work in New Business District

• Thursday, 20th October 2016
• by Karim Mohy

Abu Dhabi-based developer Bloom Holding aims to be the first to begin work in Abu Dhabi's new Madinat Zayed Central Business District.

Emaar The Economic City Reports 3Q16 Losses on Lower Margins

• Wednesday, 19th October 2016
• by Karim Mohy

Emaar, The Economic City (EEC), a unit of UAE-developer Emaar Properties, reported a 3Q 2016 loss of SAR 81 mn on Wednesday.