Real Estate

FEATURED REPORT...
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 23, 2014
UAE. Company announces 7% cash dividend and 7% bonus shares at AGM; Around 67% of total asset base is in property; Future outlook very positive with strong focus on real estate sector.
Posted: April 23, 2014
UAE. DSC will undertake the civil construction portion of the project; The development comprises of multi-storey residential units which also contain commercial retail space in the capital city.
Posted: April 23, 2014
UAE. Masat to be responsible for overseeing and managing DPG's BTL (built to lease) portfolio across its destinations and districts.
Posted: April 22, 2014
UAE. The UAE's biggest listed construction company is in talks to buy a large European company and may tap the bond market to pay for the deal, CEO Hasan Ismaik said.
Posted: April 22, 2014
UAE. First-quarter 2014 revenue of AED2.256 billion (US$ 614 million); Shopping malls & retail contribute AED1.346 billion (US$366 million) in recurring revenues.
Posted: April 22, 2014
UAE. Chairman rings the market opening bell; Listing underpins DAMAC's plans to expand high-end property development.
Posted: April 22, 2014
UAE. Market continued to show signs of growth and recovery during Q1 2014; Optimism focussed on the prime residential sector which witnessed increased rents and prices and near to full occupancy for high quality product, says JLL report.
Posted: April 21, 2014
UAE. With mixed availability of commercial space across the market, potential occupiers remain focussed on prime Grade A stock, which is sustaining rents at the top end of the market.
Posted: April 19, 2014
UAE. Dubai developer has awarded contracts worth over AED47 million for design and supervision services on Deira Islands including the Night Market and Board Walk on the project.
Posted: April 19, 2014
UAE. Mortgage providers prepare to take full advantage of investor confidence at Cityscape Abu Dhabi.
Posted: April 19, 2014
UAE. Building and construction project management, design engineering and civil engineering are top skills in demand, reveals DIAC study conducted by Deloitte.
Posted: April 19, 2014
UAE. Key sectors driving growth in the housing market are the tourism, hospitality, education and healthcare sectors, which is translating into robust population growth and demand.
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.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 23, 2014
UAE. Managing an internationally mobile workforce can be challenging, particularly as home country and host country laws can be vastly different; Legal compliance with local laws may mean that it is not possible to impose global policies on the workforce.
date:Posted: April 22, 2014
UAE. "Adapt to Survive", a global study by PwC, commissioned by LinkedIn, reveals the economic impact of not having the right people in the right jobs.
date:Posted: April 22, 2014
KUWAIT. For much of the past decade, international companies operating in the major projects sector have found Kuwait a challenging market in which to do business. However, there are good reasons to believe this year will be different.
UAE. Managing an internationally mobile workforce can be challenging, particularly as home country and host country laws can be vastly different; Legal compliance with local laws may mean that it is not possible to impose global policies on the workforce.
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.
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