Construction
Baniyas Investment and Development Company (BID) has announced that the construction works on Phase II villas of Bawabat Al Sharq, the AED 3 billion, mixed-use development in Bani Yas is progressing as sheduled.
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Mina Al Fajer Real Estate LLC - a leading property developer, has announced that the contracting firm, Intermass Engineering & Contracting Co. L.L.C., will construct its Fairmont branded hotel in Dibba, Fujairah.
RAK Ceramics, the world's largest ceramic tiles & bathware manufacturing company, has reaffirmed its strong presence in the European market following a successful showcase of its latest collections at the Castorama Fair 2011 in France.
RAK Properties PJSC, Ras Al Khaimah's leading property developer, has partnered with HÜlsta Furniture, the German leader in furniture manufacturing, to offer customers of Mina Al Arab world class interiors.
Cayan Real Estate Investment & Development has announced the successful completion of Silverene, the towering residential project that comprises of two towers in Dubai Marina.
Aldar Properties, Abu Dhabi's leading property development, investment and management company, today announced that Six Construct has been awarded the main construction contract for Yas Mall.
DAMAC Properties has announced it has delivered more units in the UAE than any other developer in 2011.
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While there is currently a significant over-supply of upscale or luxury housing in many markets, there remains a shortage of more than 3.5 million affordable dwellings across the major markets within MENA.
The Government of Abu Dhabi has unveiled a master plan for the Baniyas-South Wathba area.
During the boom years, real estate developers in the Middle East catered to people with high-end tastes. But as the elite market has reached a saturation point, developers have shifted their focus to affordable housing.