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Real Estate

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Real estate projects news

Ali Rashid Lootah, chairman of Nakheel

Nakheel to award $2bn of construction contracts Subscription

17 December 2014 | By

Developer will focus on building assets that produce recurring revenues

The local Engineering Contracting Company (ECC) has been awarded a $147m contract for the expansion of Dubai Properties’ Remraam development

Local firm wins contract for Dubailand work Subscription

17 December 2014 | By

Engineering Contracting Company wins deal for Remraam expansion work

The Dubai Marina location where the Marina Gate development will be constructed

Alec wins Dubai Marina Gate contracts Subscription

16 December 2014 | By

Alec awarded first of two contracts for Marina project

Mecca

Misa takes on Abraj Kudai project work Subscription

14 December 2014 | By

Saudi Binladin subcontracts construction work on Mecca project

Expo location

US and UK team land Dubai Expo programme management Subscription

10 December 2014 | By

CH2M Hill and Mace will manage the development of Dubai Trade Centre Jebel Ali that includes Expo site

The Al-Mina area of Dubai (foreground) with Dubai Maritime City (background)

Omniyat maritime city project commences Subscription

10 December 2014 | By

Omniyat announce details of new project

Shopping

Contractors invited to bid for Abu Dhabi shopping mall Subscription

7 December 2014 | By

Gulf Related’s shopping mall will be built on Maryah Island

Atlantis, Dubai

Contractors submit prequalifications for Atlantis Dubai extension Subscription

7 December 2014 | By

Palm Jumeirah hotel project is valued at $1.4bn

Cristal Hotel lobby

Cristal Hotel Group expanding across Middle East Subscription

7 December 2014 | By

Abu Dhabi firm planning to develop several new hotels throughout region

Construction

Saudi Aramco extends submission date for 2,500 villa contract Subscription

4 December 2014 | By

Work will also involve providing supporting infrastructure

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Market news

Qatari developer Ezdan has agreed to increase the company’s foreign ownership limit from 25 per cent to 49 per cent

Qatar's Ezdan to increase foreign ownership Subscription

18 December 2014 | By

Qatari Emir calls for more foreign ownership in local listed companies to boost market

Yas Mall

Aldar Properties upgraded to investment grade Subscription

16 December 2014 | By

Abu Dhabi firm’s financial profile strengthens says Standard & Poor’s

Nakheel invites bids for West Beach Club project on the Palm Jumeirah

Nakheel invites bids for West Beach Club project Subscription

15 December 2014 | By

Dubai developer floats tenders for new development at Palm Jumeirah

Al-Alfia Holding invests in Spanish construction group

Al-Alfia Holding invests in Spanish construction group Subscription

15 December 2014 | By

Qatari conglomerate acquires 25 per cent stake in Ecisa Compania General de Construcciones

Mohamed Alabbar, chairman of Emaar Properties

Emaar to distribute special dividend Subscription

15 December 2014 | By

Shareholders to receive $2.45bn on 23 December

Jumeirah Village Circle in Dubai

Nakheel continues to lease retail space Subscription

14 December 2014 | By

Dubai developer leases retail space in Jumeirah Village Circle

Sheikh Mohamed bin Rashid Boulevard as seen from the top of the Burj Khalifa

Emaar launches Dubai Trolley Subscription

11 December 2014 | By

Tramway project in Downtown finally materialises

The closing date for the Palm Gateway contract is 11 January. The scope of work involves building three high-rise towers at the base of Palm Jumeirah

Nakheel tenders Palm Gateway and Deira Islands work Subscription

10 December 2014 | By

Contractors called to submit bids in December and January

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Real estate trends

Number of freehold residential transactions in Dubai

Oil prices unlikely to affect real estate in short term Subscription

17 December 2014 | By

Dubai’s real estate market witnessing relative stability as the region prepares for the impact of falling oil prices

The Wessal Bouregreg development in Rabat, in Morocco

Revamping Morocco’s biggest cities Subscription

17 December 2014 | By Dominc Dudley

Channelled through investment fund Wessal Capital, billions of dollars in Gulf money is reshaping the centre of the cities of Rabat and Sale

Mohamed al-Khadar

Interview: Executive director, Urban Planning Council, Abu Dhabi Subscription

27 November 2014 | By

Abu Dhabi’s Urban Planning Council is making good strides in helping the emirate plan the next phase of its development, says Mohamed al-Khadar

Hi-tech: The Passivhaus features many environmentally friendly technologies

Doha Passivhaus sets green building standard Subscription

5 November 2014 | By Paul Melly

An environmentally friendly villa built as a pilot scheme in Qatar is setting a precedent in the GCC green building industry

Middle East contracts September 2014

Middle East contracts awarded: September 2014 Subscription

16 October 2014

Over $2bn of contracts awarded in September in the Middle East

Stability: Speculators have left Dubai’s property market, following new legislation introduced at the end of 2013

Dubai real estate market shows signs of maturity Subscription

25 September 2014 | By

After 12 years of dramatic ups and downs, the property market is now moving towards sustainable growth

Dubai financial markets performance

Investor appetite for Emaar places pressure on DFM Subscription

8 September 2014 | By

Success of Emaar’s mall group listing could herald growth for initial public offerings

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MEED comment

The downwards revision of population estimates for Abu Dhabi means cuts in investment are likely to follow

Abu Dhabi government gets breathing space

11 December 2014 | By

The downwards revision of population estimates for the emirate means cuts in investment are likely to follow

Dubai creek

Dubai returns to the creek

30 October 2014 | By

New waterfront developments are being built in Old Dubai

Meydan's reputation for cashing in bonds has not stopped it from attracting bids from seven of the region’s leading contractors for its new Entisar Tower project on Dubai’s Sheikh Zayed Road

Contractors try to forget clients cashing in bonds

23 October 2014 | By

Even clients with reputations for treating firms unfairly are attracting bids as Dubai’s property market continues with its resurgence

Speculators have left Dubai's property market and, as a result, demand and prices have cooled

Dubai real estate market undergoes transition Subscription

25 September 2014 | By

Evolution into a more mature market will bring new investors

Emaar Malls Group's Dubai Marina Mall

Mixed reaction to Emaar Malls Group listing Subscription

1 September 2014 | By

Emaar Malls Group intial public offering sets benchmark for Dubai’s capital markets

Nakheel Nad al-Sheba

Dubai developers must end sales price concerns Subscription

19 July 2014 | By

Developing cash-generating assets requires funding, but delivers long-term revenues

Aramco: Investing in future development

Saudi Aramco takes the lead in development Subscription

17 July 2014 | By

Since its formation, it has led development in the kingdom, stepping beyond the remit of its core business. Today, it shows no signs of slowing down

Biggest mall: Mall of the World is back on track

New mall depicts cautious approach Subscription

10 July 2014 | By

The change in location for Dubai’s Mall of the World shows developers are continuing to be risk-averse

See all MEED commentary

Special reports

Illustration

Rethinking Egypt's cities

4 May 2014

Egypt rises to the urban development challenge

Construction

A Guide to GCC Construction Subscription

4 May 2014 | By

Resources tighten on construction sector rebound

Construction

Construction: Demand grows for project managers Subscription

9 April 2014

Complex construction schemes in the GCC has led to a rise in the use of project managers

GCC real estate

Real Estate: GCC property markets stabilising Subscription

18 March 2014

There is an uptick in demand for residential and commercial property across the region, with just one or two exceptions

See all construction & real estate special reports

Presentations

Projects trends

Gulf Projects Index

Gulf index falls back to September levels Subscription

30 October 2014

UAE and Qatar record biggest declines in value of projects markets

Gulf projects index

Market eases for Eid break Subscription

9 October 2014

Oman is only projects market to record significant movement

See all Gulf Projects Index articles

Projects awards

The local Engineering Contracting Company (ECC) has been awarded a $147m contract for the expansion of Dubai Properties’ Remraam development

Local firm wins contract for Dubailand work Subscription

17 December 2014 | By

Engineering Contracting Company wins deal for Remraam expansion work

Mecca

Misa takes on Abraj Kudai project work Subscription

14 December 2014 | By

Saudi Binladin subcontracts construction work on Mecca project

The Al-Mina area of Dubai (foreground) with Dubai Maritime City (background)

Omniyat maritime city project commences Subscription

10 December 2014 | By

Omniyat announce details of new project

Avenues Mall in Kuwait

Al-Ahmadiah wins $391m contract for Kuwait mall project Subscription

27 November 2014 | By

Local contractor will build fourth phase of shopping development

Bluewaters development

Meraas appoints contractors for Dubai building work Subscription

5 November 2014 | By

Construction contracts cover Bulgari hotel, Bluewaters and Nikki Beach Resorts

District cooling

Drake & Scull wins Abu Dhabi district cooling deal Subscription

3 November 2014 | By

Work involves installing a network serving a housing complex

Wastewater

Living Legends Dubailand wastewater contract awarded Subscription

30 October 2014 | By

Metito wins deal for sewage treatment plant

Dubai's Sheikh Zayed Road

El-Seif wins more than $1bn of new work in Dubai Subscription

19 October 2014 | By

Contracts cover a 100-plus-storey tower and 2,200 villas

People

Rashid al-Nafisi Subscription

22 September 2014

Rashid al-Nafisi is chairman of the Al-Mazaya Holding Company

Salwa Nabil Malhas Subscription

16 September 2014

Salwa Nabil Malhas is chief business development and marketing officer at Al-Mazaya Holding

Ibrahim Abdul Rahman al-Saqabi Subscription

16 September 2014

Ibrahim Abdul Rahman al-Saqabi is CEO at Al-Mazaya Holding Company

Grigoris Christofides Subscription

28 November 2013

Grigoris Christofides is chief executive officer, Arabtec Construction

Ali Odeh Subscription

28 November 2013

Ali Odeh is chairman and chief executive officer, Turner International Middle East

Mohammed al-Marri Subscription

28 November 2013

Mohammed al-Marri is chief officer for design and delivery, Msheireb Properties

See all real estate biographies

Meet the analyst


Colin Foreman
News Editor


Phone: +971 (0)4 818 0238
Email: colin.foreman@meed.com

Latest comment

See all articles written by Colin Foreman

Tenders

Egypt: Residential buildings Subscription

18 December 2014 | By

Construction of 12 residential buidings comprising 288 housing units

See all real estate tenders

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