Real Estate

Posted: 02-08-2011
SAUDI ARABIA.  The chairman of Kingdom Holding Company, HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who has been the driving force behind the decision to build the world's tallest tower in Saudi Arabia, announced that the construction contract has been signed today. Kingdom Tower, with a height of over 1,000 meters, will begin construction imminently in Jeddah, Saudi Arabia.  Kingdom Tower will be the centerpiece and the first construction phase of Kingdom City, Jeddah Economic Company's (JEC) new urban development of more than 5.3 million square meters of land in the
Posted: April 17, 2014
UAE. the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, said its 2013 net profit tripled as it benefited from a strong performance by its financial investments.
Posted: April 16, 2014
UAE. MEED's latest forecast is that new contract awards in the GCC will approach US$150 billion in the year ending 2014 compared with about US$135 billion in the previous 12 months.
Posted: April 16, 2014
UAE. Apartments sector witnessed increase of 29% whilst villa rentals have grown by 15% year on year; Over the next four years roughly 65,000 new residential units penned for completion.
Posted: April 15, 2014
UAE. Flight to affordability set to continue as budget-conscious Dubai residents relocate; Sharjah boosted by improvement to road links, retail and leisure development.
Posted: April 15, 2014
UAE. Monthly Arabic business magazine, Saneou Al Hadath, uses mathematical approach to analyse companies listed on the Saudi stock market Tadawul
Posted: April 13, 2014
UAE. Follows Dubai Properties Group's (DPG) announcement last week on its new structure as a holding company; DP unveils refreshed business and brand focus to develop new projects.
Posted: April 12, 2014
UAE. "Dubai's attraction as an investment hotspot was never greater," says Hamed Mokhtar, Managing Director at Fortress Investments.
Posted: April 11, 2014
UAE. More than 60% awarded in the Construction (real estate) sector, followed by the Oil sector (21%) and the Transport sector (8%).
Posted: April 10, 2014
UAE. Event, at ADNEC from 22-24 April, to draw regional authorities, institutional investors and over 120 realty-based businesses.
Posted: April 10, 2014
UAE. El Ghawi brings to his new role 19 years of practice in external and internal audit departments at both private and public sectors.
Posted: April 10, 2014
UAE. Average apartment and villa sales prices increase by 3% and 6% with average rental increases at 5% and 3% respectively; Demand for secondary residential areas increases.
Posted: April 9, 2014
UAE. Developer posts a net profit of AED629 million compared with AED491 million achieved in Q1 2013.
Posted: April 9, 2014
UAE. Housing units in off-island locations experienced higher rent growth at 14% during Q1 2014; Abu Dhabi office stock witnesses 10% rise year-on-year.
Posted: April 9, 2014
UAE. The discussion revolved around growth strategies, entrepreneurship and Mr. Sanjay Manchanda's personal journey in this region.
Posted: April 9, 2014
UAE. Master developer will become a holding company overseeing three separate entities.


date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
SAUDI ARABIA. The GCC said in a statement that foreign ministers of the six-member body had met in Riyadh for a comprehensive review of measures used to implement foreign and security policies.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.