GCC Housing Ministers Conclude 15th Annual Meeting

• Thursday, 3rd November 2016
• by Karim Mohy

The launch of the GCC Housing Award was announced on the occasion of the 15th GCC Housing Ministers Committee meeting last week in Riyadh.

DAMAC Announces Launch of Akoya Relax

• Thursday, 3rd November 2016
• by Karim Mohy

Dubai-based developer DAMAC Properties announced on Wednesday the launch of Akoya Relax, a community in its Akoya Oxygen development.

Barwa Said to Raise $250 mn Islamic Loan

• Thursday, 3rd November 2016
• by Karim Mohy

Qatar's Barwa Real Estate is said to raise a $250 mn Islamic syndicated loan with a seven-year maturity, according to banking sources.

ZHA Design Selected for Saudi Heritage Center

• Wednesday, 2nd November 2016
• by Karim Mohy

London-based architectural firm Zaha Hadid Architects (ZHA) won the design competition for the Urban Heritage Administration Centre in Saudi Arabia last week.

GFH Appoints Main Contractor for Harbour Row Project

• Wednesday, 2nd November 2016
• by Karim Mohy

GFH Real Estate (GFHRE), the real estate arm of Bahrain-based GFH Financial Group, on Wednesday appointed AlMoayyed Contracting as the main contractor of its Harbour Row project in Bahrain Financial Harbour.

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.