#Construction

Dubai real estate trends from leading develoeprs GettyImages-1345007377

Building on growth: Dubai developers share key real estate trends

Well-known Dubai-based developers share insights into key trends shaping the offerings of Dubai’s real estate sector

Emaar Development reports 56% rise in property sales for H1

Emaar Development reports 56% rise in property sales for H1

In  H1 2024, the company reported revenue of Dhs7.3bn ($2bn) and EBITDA of Dhs3.4bn ($922m)

Saudi Arabia mulls raising stake in Binladin Group

Saudi Arabia to raise stake in Binladin Group to boost construction sector

The government is considering helping pay off dues to banks, lending to the firm, and even potentially increasing its stake

Nabil Al Kindi - CEO of Dubai South Properties -

Dubai South Properties’ Nabil Al Kindi on supporting the emirate’s grand vision

The CEO of Dubai South Properties says the developer is on track to complete and deliver approximately 2,500 units by 2025

Aldar group reports robust h1 2024 performance image-Aldar

Aldar net profit surges 57% in H1 2024, revenue up by 73%

The company achieved a revenue of Dhs10.9bn, up 73 per cent YoY and EBITDA of Dhs3.9bn

Aldar to develop an office tower on SZR in Dubai Image Supplied

Dubai: Aldar to build office tower on Sheikh Zayed Road

The development will feature a grade A office tower with a net leasable area (NLA) of 88,000 sqm, complemented by a luxury boutique hotel and branded residences

Saudi Arabia is a key growth market, says Honeywell exec Phil Daniell

Saudi Arabia is a key growth market, says Honeywell’s Phil Daniell

The VP and GM of Honeywell Building Automation (META) delves into the company’s expansion strategy in Saudi Arabia, including the opening of its new facility in Dhahran

Emirates Steel, Eversendai partner for NEOM Trojena Ski Village project Image courtesy NEOM for illustrative purposes

Emirates Steel, Eversendai partner for NEOM Trojena Ski Village project

In line with the partnership with Eversendai, Emirates Steel will supply premium steel beams for the construction of the ski village

Egypt’s $50bn FDI boosts tourism, residential construction

Egypt’s $50bn FDI sparks growth in tourism, housing construction

The value of residential projects in Egypt totalled around $36bn in Q1 2024, ranking the country third after Saudi Arabia and the UAE

SAINT-GOBAIN FOSROC

Saint-Gobain agrees to buy Dubai-based FOSROC in all-cash deal

Since 2021, the Paris-based multinational has bought 35 companies

Saudi Arabia’s construction output value to hit $181.5bn by 2028

Saudi Arabia’s construction output value to hit $181.5bn by 2028, Knight Frank says

The ongoing transformation is being driven by Vision 2030, which aims to deliver more than 660,000 residential units and over 320,000 hotel keys

Dubai South: Final phase of South Bay project sells out in 4 hours

Dubai South: Final phase of South Bay project sells out in 4 hours

Upon completion, South Bay will feature over 800 spacious villas and townhouses and more than 200 luxurious waterfront mansions

Gulf Business Breakfast meet: Shining the spotlight on cloud, AI and proptech   

Close to 100 industry professionals gathered for Gulf Business’ inaugural Business Breakfast meet, themed around the intersection of technology and business

George C0allas the CEO of Lifesize Plans Dubai talks about pre-construction technology and its advantages

How pre-construction tech is transforming the property sector

Building information modelling minimises waste, controls costs, coordinates workflows and optimises labour needs for future construction

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

As part of the plan, Tecom will invest Dhs966m to acquire commercial and industrial assets from Dubai Holding Asset Management

Jaumur by Neom

Introducing Jaumur, Neom’s new luxury coastal haven

Jaumur is an exclusive residential community that aims to accommodate 6,000 residents

Wajdi Marroun Md of Versatile International on Transforming supply chain challenges to deliver destination-scale projects

Navigating supply chain issues to deliver giga projects

Successful destination-scale project delivery hinges on a radical shift from traditional supply chain management to an integrated model emphasising transparency, quality control, and strategic partnerships

UAE floods to impact construction projects

How UAE’s recent floods will impact construction projects

Several construction projects in the UAE will be affected, with huge potential for delays and damage to ongoing works

ROSHN launches ALDANAH

Saudi’s ROSHN unveils new residential project in Greater Dammam

Aldanah will feature more than 2,500 homes, spread across 1.7 million square metres, catering to nearly 10,000 residents

Dubai South Properties awards Dhs1.5bn contract to AL Kharafi to build new phases

Dubai South awards Dhs1.5bn contract to develop new South Bay phases

South Bay is envisioned as a premier residential community located in the heart of the Residential District in Dubai South

AHS Properties CEO Abbas sajwani Image Motivate Media Group

‘Location sets the stage for luxury living’, says AHS Properties’ Abbas Sajwani

Keen to step outside the box and reimagine the expected, entrepreneur and AHS Properties CEO Abbas Sajwani is not just selling dream homes – he’s redefining the landscape of luxury living

Reed smith experts on how Saudi giga-projects can introduced innovation to offset risks

Saudi giga-projects: How innovation can offset risks

There is an increasing awareness in the kingdom’s construction market of the necessity for more collaborative contracting methods to get these giga-projects across the finish line – efficiently and profitably

Bay Views by RAK Properties Image: Supplied

RAK Properties’ Sameh Muhtadi on why Ras Al Khaimah is a magnet for investors

With its strategic location, favourable business environment and diverse investment sectors, RAK offers compelling advantages for investors seeking to maximise their returns, says RAK Properties CEO Muhtadi

Work kicks off on new luxury Baccarat Hotel and Residences Dubai Image Supplied

Work kicks off on new luxury Baccarat Hotel and Residences Dubai

Award-winning architects Studio Libeskind and interior design studio 1508 London led by H&H Development will oversee the design

Abu Dhabi’s non-oil growth surges 7.7% in Q3 2023

Abu Dhabi’s non-oil growth surges 7.7% in Q3 2023

The financial and insurance sector grew by 14.4 per cent YoY and the value-added by the industry surged to Dhs18.7bn

NZ1 Masdar city's first net zero commercial building completed Image Masdar City

Introducing NZ1, the region’s first net zero commercial building

The building is designed to use 53 per cent less energy than conventional buildings and produce all of its annual energy requirements on-site

Dubai

Dubai safety inspections target almost 15,000 construction sites

The safety campaign in Dubai throughout this year has targeted all engineers, consultants, supervisors, workers and consulting companies present at these sites

Haven by aldar announced in Dubai

Here’s what Haven, Aldar’s first residential community in Dubai, will offer

 Construction of the first phase of Haven by Aldar is due to begin in Q2 2024, with handovers expected in Q3 2027

welding

Key Trends in the Welding Industry in the Middle East and Central Asia

From traditional methods like arc welding to cutting-edge techniques such as laser, robotic welding, the industry has evolved to meet evolving demands and challenges

Dubai 3D printing

Dubai launches world’s first 3D printing certification for construction sector

The certification will help streamline procedures and improve the quality of 3D printing concrete mixes used in factories licensed and operating in Dubai