DAMAC Awards Contract to China State Construction Engineering

• Wednesday, 2nd November 2016
• by Karim Mohy

Dubai developer DAMAC Properties awarded China State Construction Engineering Corporation (CSCEC) an AED 554 mn contract for the construction of the Paramount Residences at the Paramount Tower Hotel and Residences in Dubai.

United Real Estate Sees Rise in Profits in Q3

• Wednesday, 2nd November 2016
• by Karim Mohy

Kuwaiti real estate developer United Real Estate Company (URC) announced on Monday a net profit of KWD 4.91 mn for the first nine months of 2016.

Laing O’Rourke Selected for Dubai South Project

• Wednesday, 2nd November 2016
• by Karim Mohy

British engineering company Laing O'Rourke has been chosen as the preferred bidder for a retail and hospitality project in Dubai South.

GCC Fire Safety Market Expected to Double by 2020

• Tuesday, 1st November 2016
• by Karim Mohy

The fire safety market in the GCC countries is expected to grow to more than $3 billion by 2020 from $1.4 bn in 2016.

Dubai Unveils Smart Buildability Index

• Tuesday, 1st November 2016
• by Karim Mohy

The signing of a memorandum of understanding between the Federal Demographic Council, federal ministries and the municipalities of the seven emirates introduced the Smart Buildability Index last week.

Equitativa Seeking to Launch New Property Funds

• Tuesday, 1st November 2016
• by Karim Mohy

Equitativa Real Estate Limited, the main shareholder of Emirates REIT, intends to launch new property funds in the UAE and seeks to export its model to Saudi Arabia.

Dubai Real Estate Market Falls in Global Ranking

• Tuesday, 1st November 2016
• by Karim Mohy

Dubai slipped out of Knight Frank's index of best-performing real estate markets.

Dubai Investments Records Gains in Q3 2016

• Tuesday, 1st November 2016
• by Karim Mohy

Dubai Investments PJSC, a subsidiary of Dubai’s sovereign wealth fund the Investment Corporation of Dubai, witnessed an increase in net profit of 36% for the third quarter of 2016 year-on-year.

Bahrain Unveils New Housing Strategy

• Monday, 31st October 2016
• by Karim Mohy

Bahrain's Ministry of Housing on Monday outlined its housing strategy, announcing a blueprint that will see the construction of five mega residential projects, all in all featuring 65,000 units.

Dubai Luxury Communities Reveal Mixed Performances

• Monday, 31st October 2016
• by Karim Mohy

Arabian Ranches recorded a rise of rents by 6% while the even more upscale Emirates Hills community witnessed a decline by 12.5%.