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REAL ESTATE

AED 21 billion Royal Pearls makes steady progress, Phase One 10% ready

November 22, 2017

AED 21 billion Royal Pearls makes steady progress, Phase One 10% ready

Offering smart, networked and ultra-modern living spaces in a pristine, upscale location within easy reach of key urban hotspots and centrally located in a serene residential setting, Royal Pearls, the prestige new development from Oriental"... Continue Reading

SSH wins mega Kuwait mixed-use development contract

November 21, 2017

SSH, a leading masterplanning, building design, construction supervision and project management firm in the region, has recently signed the contract for the design of three packages for six plots at the Hessah Al Mubarak development in Kuwait City.

The Hessah Al Mubarak Development includes 82 plots for residential buildings (high-, medium- and low-rise apartment buildings and duplexes); serviced"... Continue Reading

Enec in major nuclear plant construction milestone

November 18, 2017

Emirates Nuclear Energy Corporation (Enec) and its Korean joint venture partner Kepco have achieved a series of construction milestones on the units of the Barakah Plant with the successful installation of reactor containment building liner dome section and completion of concrete pouring for the dome on Unit 3.

The construction on the nuclear project began in 2012 and the overall completion"... Continue Reading

Bobcat rolls out new compact telehandler

November 16, 2017

Bobcat, one of the world's leading manufacturers of construction equipment, said it has launched the new TL30.70 telehandler.

Providing a maximum lift capacity of three tonnes and a maximum lift height of nearly 7 m, the new TL30.70 is designed for a wide range of applications found in the construction and rental industries.

The TL30.70 provides an excellent compact and cost-effective"... Continue Reading

Making sense of a slow market

November 15, 2017

As sales prices and rents continued to feel a downward pressure in the third quarter, the bright spot in an otherwise languid market has been the increasing sales activity in the primary segment, with off-plan projects still managing to attract good prospects. “Strong demand was felt during Cityscape Global [in September] where developers were allowed to transact on the stands for the first time in"... Continue Reading

Al Maha Ceramics unveils hexagon shaped tiles

November 14, 2017

Al Maha Ceramics, one of the leading ceramics tile manufacturers in Oman, has announced the launch of its new range of tiles made in Hexagon shape using the contemporary digital printing technology.

The new 'Uni-tiles' come in 30x30cm with 8mm thickness and can be uniformly laid both on wall and floors in symmetry, said a statement from the company.

Al Maha Ceramics has"... Continue Reading

Arada in record Sharjah apartment unit sales

November 13, 2017

Arada, the UAE’s newest developer, said it has sold all the 115 apartment units within Areej 5 block in the first phase of Aljada, the largest mixed-use project in Sharjah, thus breaking the record for the sale of number of homes te emirate on a single day.

Aljada is ideally situated on the last major plot of undeveloped land in the heart of Sharjah, with exceptional connectivity to surrounding"... Continue Reading

Arabtec posts third quarter profit as company turns corner following 2016 losses

November 9, 2017

Arabtec Holding, the UAE's biggest listed construction company, posted a third quarter net profit, the third consecutive positive result, as the Dubai-based construction turns a corner following losses last year amid a regional slowdown in infrastructure projects.

Net profit attributable to equity holders rose to Dh18m in the"... Continue Reading

Kuwait completes work on big hospital

November 9, 2017

Kuwait's ministry of works said it has successfully completed the construction work on Jaber Hospital, a major healthcare facility coming up in the capital city.

The 1,168-bedded hospital will boast of 19 OPD (out patient department) units besides five nine-storey towers and a residential compex for doctors, reported the Kuwait Times.

With the construction work already over,"... Continue Reading

Kuwait MPs mull 15-year residency cap for expats

November 8, 2017

Cabinet discussion on the population structure entails specifying that the number of expatriates do not exceed 25% of the population of Kuwaitis. KUWAIT CITY - Pending the Cabinet formation and return of the National Assembly for plenary sessions, the parliamentary committees have been holding series of meetings and the selection of chairmen and rapporteurs. Chairman of the Finance Committee MP Salah Khorshed disclosed the committee deliberated on the population structure, amendment to Chamber of Commerce and Industry law, and Silk City. They have decided to handle the issues until formation of the new Cabinet since there is no minister. Discussion on the population structure entails specifying that the number...... Continue Reading

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