Limitless Awards AED 227.5 M Residential Towers to Eastern International

• Sunday, 12th June 2016
• by Nadine Abou el Atta

Dubai-based developer Limitless has awarded AED 227.5 million project at The Galleries, at Downtown Jebel Ali, to Sharjah-based contracting company, Eastern International.

Dar Al Arkan Discusses Housing Plan with Saudi Government

• Wednesday, 8th June 2016
• by Nadine Abou el Atta

Saudi top real estate developer, Dar Al Arkan Real Estate Development Co. announced holding talks with the Saudi government to provide housing units under the Saudi economic reform plan.

Danube Announces AED 300 M Dubai Affordable Project Sold Out

• Wednesday, 8th June 2016
• by Nadine Abou el Atta

Dubai-based Danube Properties announced that the AED 300 million ($ 81 million) Glamz Residence project at Al Furjan area in Dubai, which is part of an affordable housing scheme, has been sold out, Construction Week Online reported.

Report: Dubai Property Prices Going Down

• Tuesday, 7th June 2016
• by Invest Gate

Dubai property sale prices in several places in the city is said to have fallen by as much as AED 25,000 ($6,800) over the past year, according to a new report by Core, the UAE associate of real estate firm Savills.

Dubai Properties to Launch Bellevue Towers Downtown

• Tuesday, 7th June 2016
• by Invest Gate

Dubai Properties, a real estate developer, is set to launch Bellevue Towers, a two-tower project, in Downtown Dubai.

CSCEC Wins Education City Project Worth KWD 175 M in Kuwait

• Monday, 6th June 2016
• by Nadine Abou el Atta

The Middle East unit of China State Construction Engineering Corporation (CSCEC) was awarded a management facility deal for the Kuwaiti education city project, Sabah Al Salem University City, worth KWD 175 million ($ 580 million).

Edamah Injects BHD 350 M Worth of Investments in Hawari Islands

• Monday, 6th June 2016
• by Nadine Abou el Atta

Bahraini real estate arm of Bahrain Mumtalakat Holding Company, Edamah announced the investment of BHD 350 million ($ 930 million) in Hawari Islands, to transform the archipelago into an eco-friendly tourism destination.

Shaikhani Group to Invest AED 2B

• Sunday, 5th June 2016
• by Invest Gate

The Shaikhani Group unveiled its 2025 development plan in preparation to host Expo 2020, starting with 4 new projects in the coming year.

New Abu Dhabi-Dubai Highway worth AED 2.1 B to Open in 2016

• Sunday, 5th June 2016
• by Nadine Abou el Atta

The new AED 2.1 billion ($ 570 million) Abu Dhabi-Dubai highway, which is being built by Abu Dhabi General Services Company, Musanada is almost 83% complete and will be opened before the end of 2016, Construction Week Online reported.

Housing 2 Project of 4,800 Units Halted by Saudi Ministry

• Sunday, 5th June 2016
• by Nadine Abou el Atta

Development companies working on the Saudi Housing 2 project Dammam face losses after the Ministry of Housing halted the building of 4,800 units until further notice, Construction Week Online reported.