Arabtec fails to meet analysts’ predictions for its second quarter performance, despite reporting growth of 11 per cent against the same period last year.
According to Reuters analysts, Arabtec was on course to record profits of …Read full article » : Wednesday, July 30 - 2014 @ 09:12
The Saudi housing ministry has made it mandatory for all real estate firms to join its electronic Ijar system that seeks to regulate the rental market with measures to protect the rights of owners and …Read full article » : Sunday, July 27 - 2014 @ 18:00
By Atique Naqvi
Residential property continues to grow in Abu Dhabi, while the segment experiences a slowdown in Dubai in the second quarter of 2014, according to Jones Lang LaSalle (JLL).
In a statement shared with TRENDS, …Read full article » : Sunday, July 27 - 2014 @ 15:44
Research out from the UAE’s leading property search website, propertyfinder.ae, has revealed the top places for buying and renting across Dubai and Abu Dhabi. The site’s newly released quarter two report also compares asking sale …Read full article » : Sunday, July 27 - 2014 @ 10:30
Oman’s heritage and culture ministry has invited bids for the construction of the $250m (OR96.26m) Oman Cultural Complex (OCC), Muscat Daily has reported. The move follows the appointment of UK-based international consultancy and construction company, …Read full article » : Sunday, July 27 - 2014 @ 06:41
Hasan Ismaik, the former chief executive of Arabtec, has cut his stake slightly in the group by selling around $4m worth of the Dubai construction company’s shares, Reuters has reported. Ismaik cut his stake to …Read full article » : Sunday, July 27 - 2014 @ 06:40
UK-based support services and construction firm, Carillion, is considering to capitalise on its successes with a possible £3bn ($5.1bn) merger with infrastructure firm Balfour Beatty, Reuters has reported. A merger between the two firms, which …Read full article » : Sunday, July 27 - 2014 @ 06:40
United Development Company (UDC), as master developer of The Pearl-Qatar, was invited earlier this week to receive a token of appreciation presented by Qatar Charity in recognition of The Pearl-Qatar’s invaluable contribution to the success …Read full article » : Saturday, July 26 - 2014 @ 14:55
Qatari developer, Barwa Real Estate has swung to a second-quarter net loss of QR42.9m ($11.8m), compared with a profit of QR40.6m in the year-earlier period, Reuters has reported. The country’s largest listed property developer made …Read full article » : Saturday, July 26 - 2014 @ 04:17
The latest project to be launched by luxury real estate developer, DAMAC Properties, has sold out in just one evening.
Nearly 300 luxury apartments in Loretto, which is located in Downtown AKOYA and overlooks a private …Read full article » : Thursday, July 24 - 2014 @ 15:31