Arabtec, a Dubai-listed construction firm, has won a Dh1.7-billion ($462.85 million) contract from the UAE federal government to build 1,100 houses in the eastern emirate of Fujairah, the company said on Sunday.
Arabtec, 36-per ce
A house in London worth $1.58 billion has taken the very first place as the most expensive house in the world, beating the Buckingham Palace, the $1.55 billion royal residence of British kings and queens, according to a report.
Dubai-based developer Damac Properties said the first release of houses at its green master development ‘Akoya Oxygen’ have been sold out in record time.
‘Akoya Oxygen’, is the first green master developmen
Residential house prices in Dubai are increasing at an unsustainable rate and may see correction over the next 12 months, a report by property consultancy Jones Lang LaSalle (JLL) said on Thursday.
More than 2,500 houses worth BD85 million ($225 million), some of which have already been completed and others which are to be built, were yesterday (December 26) distributed to Bahraini families.
The allocation of the units was held durin
More than 400 people have been killed and hundreds more were missing after a typhoon hit the southern Philippines, National Red Cross Secretary-General Gwendolyn Pang said on Saturday.
She said in a text message to Reuters that the death
A number of fatal architectural and technical flaws have been discovered in the houses revamped under the dilapidated houses project in Bahrain, a top official said.
These houses are still classified as ‘dilapidated’ even after completion
Bahrain’s Housing Ministry is set to build 2,077 housing units in the Central Governorate.
The project includes 77 units in East Riffa, 8oo units in al Hunainiya and 1,000 units in Al Buhair, said a report in our sister paper Akhbar Al Kha
Dubai house prices and rents are set to fall 10 percent more in 2010 and not recover until 2012, as the resumption of some projects and completion of others weigh on an already-oversupplied market, according to a Reuters poll.
Dubai sent s
Bahrain's plan to rescue dilapidated homes is to go ahead with the appointment of a company to tear down and rebuild 1,000 houses over the next six years.
The Gulf Daily News, our sister newspaper, reported in June that the His Majesty Kin