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RP Group enters Dubai real estate with AED1.5b tower

|By TAP Staff| RP Global – part of RP Group of Companies, a global business conglomerate with an annual turnover of over US$4 billion – made its entry into the Dubai real estate market…

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Aldar secures long term bulk lease deals

|By TAP Staff| Aldar Properties has reported a strong wave of demand for long-term, bulk lease deals from corporate clients. The…

Real Estate and Construction

Trump bets on Modi, plans India investment

American real estate mogul Donald Trump is planning “substantial investments” in the Indian property and hotel sectors, betting on Prime Minister…

Real Estate and Construction

Meraas Holding plans IPO

Dubai government-owned property developer Meraas Holding is considering selling shares to the public as the regional real-estate market continues its rapid…

Real Estate and Construction

Aldar misses analyst estimates

Aldar Properties, the developer that took over Sorouh Real Estate Co. last year, dropped in Abu Dhabi after reporting quarterly profit…

Real Estate and Construction

NY fund raises $120m for GCC real estate

PineBridge Investments, a New York-based asset manager, said on Tuesday its Middle East unit had raised $140 million for a sharia-compliant…

Real Estate and Construction

CEO invests $1b in Arabtec as equity

The chief executive of Arabtec Holding has raised his stake in the Dubai-based contractor to 21.46 percent, the company said, in…

Real Estate and Construction

Trump back in Dubai with golf plan

Donald Trump, the New York real-estate mogul, is back in Dubai with plans for a golf course and 104 mansions three…

Real Estate and Construction

Kingdom Tower funding by June

Kingdom Tower, the Saudi skyscraper set to be the world’s tallest building, will probably have construction funding in place by the…

Real Estate and Construction

2020 confidence drives up Dubai office market

According to international real estate consultancy firm Cluttons, an upsurge in economic confidence following Dubai’s World Expo 2020 win, has led…

Real Estate and Construction

Aldar considering IPO for property management unit

Abu Dhabi real estate developer Aldar Properties will consider floating its property management unit Khidmah through an initial public offer of…

Real Estate and Construction

Nakheel eyes 15% profit rise

Dubai property developer Nakheel is a targeting a 15 percent increase in annual profit in 2014 as it launches new projects…

Real Estate and Construction

Damac launches serviced apartments at Expo site

DAMAC Properties has unveiled a luxury serviced hotel apartments project at the heart of the emirate’s proposed Expo 2020 site. Celestia,…

Real Estate and Construction

Business Bay stages a comeback

Only a thin blue hoarding separates the busy shopping district of Downtown Dubai from the new waterside office and residential area…

Real Estate and Construction

Crowds throng Emaar office for Mira Oasis booking

Heavy morning fog and zero visibility driver alerts notwithstanding, hundreds of investors descended at Emaar Properties’ Downtown sales office early on…

Real Estate and Construction

Tasweek restructures to utilize real estate upturn

TASWEEK Real Estate Development and Marketing PJSC – an advisor and solutions provider serving the real estate markets, has adopted a…

Real Estate and Construction

Arabtec to set up five new subsidiaries

Dubai-based builder Arabtec Holding said on Sunday it would set up five new subsidiaries as it expands into new markets and…

Real Estate and Construction

Arabtec wins $6.1b worth Abu Dhabi deals

Dubai-based construction firm Arabtec said it would build 37 major buildings worth 22.44 billion dirhams ($6.1 billion) for Abu Dhabi state…

Real Estate and Construction

Arabtec to launch Iraq operations

Arabtec Holding, a big Dubai-based construction firm, said it was discussing a number of large projects with the Iraqi government and…

Real Estate and Construction

Arabtec wins $705m Abu Dhabi deal

Major Dubai-based builder Arabtec Holding said on Tuesday that one of its units had been awarded a 2.59 billion dirham ($705…

Real Estate and Construction

Developers issue termination notices to defaulters

By Parag Deulgaonkar An increasing number of developers in Dubai are issuing final termination notices to investors before their properties are…

Real Estate and Construction

Arabtec says no plan to raise Depa stake

Dubai builder Arabtec Holding said on Monday that it had no plans to increase its stake in interior contracting firm Depa.…

Real Estate and Construction

Arabtec forms another Korea joint venture

Dubai builder Arabtec on Monday said that it has entered into a joint venture with South Korea’s GS Engineering & Construction…

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Indians biggest buyers of Dubai properties

Indians account for the largest number of Dubai property deals, followed by the British and Pakistanis, according to the Dubai Economic…

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