Construction opportunities valued at US$ 500 billion in GCC

Despite grappling with challenges and delivery issues related to current projects, major opportunities in the construction sector remain prevalent in Saudi Arabia, Qatar, Abu Dhabi and Iraq in 2012, according to the newly released Deloitte Middle East’s annual report on the sector: ‘GCC Powers of Construction: Five Lessons to Learn From’. Read more

Abu Dhabi’s Aabar inks $2 bln deal with China State Construction

Contract involves construction of 30 properties including five-star hotels, office buildings and high-end apartments

China State Construction Engineering Corp said on Wednesday it had signed an agreement with Abu Dhabi sovereign fund Aabar. Under the agreement the construction company will develop real estate projects in Abu Dhabi for a total investment of $2 billion. Read more

Emaar approaches contractors for two projects in Dubai

Emaar has announced plans to launch new projects in Dubai this year

Read more

Winner of Mohammed Bin Rashid Al Maktoum Business Award in Construction Category

Al Fara’a General Contracting Company bags the prestigious Mohammed Bin Rashid Al Maktoum Business Award

The Al Fara’a Group perpetuates its saga of victories in the year 2012 as its flagship company, Al Fara’a General Contracting received the prestigious Mohammed Bin Rashid Al Maktoum Award in the Construction category. His Highness Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Crown Prince of Dubai presented the award at a glittering ceremony held at the Madinat Jumeirah, Dubai on 25th of April. Read more

Prices of building materials rose in Q1 2012

Statistics Centre – Abu Dhabi (SCAD) issued today its monthly report on the prices of building materials for the month of March and the first quarter of 2012. The report presents an analysis of the movements in the prices of the various materials used in the construction industry in Abu Dhabi market during March and the first quarter of 2012.  Read more

Why Palazzo Versace Dubai is delayed?

Construction on Palazzo Versace Dubai slowed considerably as the developer lacks funding, Dubai based media outlet reported on Wednesday. According to Dubai Chronicle editor’s observation, construction works on the development actually progress much faster during the last few months then during the past three years.

Since August 2008, many projects in Dubai had stalled due to a combination of reasons. These include, but are not limited to the impact of the global economic crisis, the downturn of Dubai real estate industry, lack of liquidity, stronger ambitions than capabilities, lack of skilled human capital. Read more

UAE Construction Industry Outlook

The UAE residential and commercial market is still searching for equilibrium as funding has been curtailed, projects scaled back and contractor resources downsized. Developers in the UAE will continue to take a cautious approach in the short-term in view of existing oversupply, according to latest research report from Alpen Capital. Read more

Bids invited for Louvre Abu Dhabi

Abu Dhabi’s Tourism Development & Investment Company (TDIC) has invited suitable contractors to bid for the main contract works of the Louvre Abu Dhabi.

The museum, designed by Jean Nouvel, will form an iconic landmark within the cultural district of Saadiyat. Read more

New trend in Middle East: Villa built in a day

Is there a future for modular precast housing solutions in the Middle East?

Imagine assembling a secure, sustainable, villa in just one day. It is not impossible. In China, towers are built in 15 days. The concept is also very popular in the U.S. In Europe, competition was stiff before the real estate bubble burst in 2008. Prices generally range from $250 to $500 per square meter. Read more

The Residences at Business Central “Topped Out”

Luxury developer DAMAC Properties has “topped out” its 21 storey mixed-use residential project, The Residences at Business Central, which is located on the waterfront, opposite the Burj Khalifa.

The construction milestone represents a significant turning point in the delivery schedule of the project, with work now beginning on the external cladding and interior fit out. Read more

Next Page »