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News Index
Bab Al Bahr's piling works completed ahead of schedule
Capital Centre reveals landmark towers
Abu Dhabi's DPE releases building material index
Green building code in Dubai from next year
Abu Dhabi infrastructure and real estate investments to reach Dh200 billion by 2012
Steel prices drop 15% in the UAE
Hydra Properties completes foundation work of Hydra Avenue Towers at Al Reem Island
Construction sector grows 25%
Ajman to invest Dh8.8 billion in infrastructure
Major work commences on Dubai Trade Centre District
DPE to issue price index for building materials
Third of Dubai's budget for infrastructure
HCSEZ plans to build family-styled labour complexes
Ministry of Economy reaches price agreement on cement at Dh18 per bag
Sorouh selects Hill International as project manager for six towers at Shams Abu Dhabi

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Bab Al Bahr's piling works completed ahead of schedule
Posted on 21/08/2008

Rakeen has announced that it has completed the piling works for half of the residential component of the Bab Al Bahr and is set to proceed with the construction of the residential units. Rakeen emphasized that the unobstructed workflow has been a significant success after a critical shortage of building materials as well as sharp increase in prices have affected several construction projects across the region. Rakeen also reported that main contractor Al Hamra Construction Company will start ...  >>MORE



Capital Centre reveals landmark towers
Posted on 20/08/2008

Abu Dhabi National Exhibitions Company (ADNEC) has revealed two distinctive commercial and residential towers by SinoGulf Investments that architecturally mimic the movement of sand dunes. The towers will be key features of the Dh8 billion Capital Centre development underway surrounding Abu Dhabi National Exhibition Centre. Designed by world-renowned architects, Woods Bagot, the towers represent the abstraction of dune sand lines when the desert breeze blows. The concept design has been based ...  >>MORE



Abu Dhabi's DPE releases building material index
Posted on 17/08/2008

The Department of Planning and Economy (DPE) - Abu Dhabi yesterday released the second edition of the Building Materials Index in a bid to check any price manipulation by some vendors. DPE said the current boom in the construction sector worldwide has brought about a corresponding increase in the prices of building materials in the emirate. It expressed hopes that "project owners will find this index useful as it will keep them informed about pricing trends. "This information will further ...  >>MORE



Green building code in Dubai from next year
Posted on 12/08/2008

All buildings coming up in Dubai from next year will have to comply with the ‘Green' building standards of the Dubai Municipality (DM) failing which the building plans will not be passed, Issa Al Maidour, Assistant Director-General for Planning and Building Affairs, said on Monday. The municipality is preparing a legislative framework, termed 'Green Building Code', for the developers, contractors and consultants to follow. 'All building plans coming to us from next year must comply with the ...  >>MORE



Abu Dhabi infrastructure and real estate investments to reach Dh200 billion by 2012
Posted on 11/08/2008

Infrastructure and real estate investments in Abu Dhabi are expected to reach Dh200 billion by 2012, according to latest studies, as a result of the government's efforts to fill in the gap in the supply for residential units within the UAE capital. The formation of Abu Dhabi Commercial Properties, in addition to various initiatives to fine-tune its real estate regulations, is also driving the growth of the market, which is expected to welcome 140,000 housing units by 2013. As the market ...  >>MORE



Steel prices drop 15% in the UAE
Posted on 11/08/2008

Steel prices in the UAE have dropped about 15 per cent since the end of July as a decline in global prices coincided with the summer lull in the desert country, traders said yesterday. A tonne of reinforcing steel bar (rebar), used in construction, fetched around $1,400 yesterday, down from around $1,650 in last week of July, dealers said. On July 20, a tonne of steel was traded at around $1,700 a tonne as demand for construction materials continued to drain the local market. Gulf states are ...  >>MORE



Hydra Properties completes foundation work of Hydra Avenue Towers at Al Reem Island
Posted on 10/08/2008

Hydra Properties, the leading UAE-based international property developer, yesterday said that it has fast tracked its prestigious Hydra Avenue Towers project, located at Al Reem Island in Abu Dhabi, by completing the foundation work for the project ahead of the schedule. "Hydra Avenue Towers is all set to add majesty and grandeur to Al Reem Island. Avenue Towers is rising fast to fill a void in the property market in Abu Dhabi and is the answer to the prayers of investors and those who seek ...  >>MORE



Construction sector grows 25%
Posted on 05/08/2008

The UAE's construction sector grew by more than 25 per cent in 2007 – the highest increase among key contributors to the country's gross domestic product (GDP), according to official figures. The sector shot up by 25.4 per cent from Dh46.4 billion in 2006 to Dh58.3bn last year, the Central Bank figures showed. It was the country's fastest expanding industry, surpassing growth in the dominant oil sector, which stood at 18.5 per cent. Manufacturing was the second-fastest growing sector, ...  >>MORE



Ajman to invest Dh8.8 billion in infrastructure
Posted on 30/07/2008

The UAE emirate of Ajman is investing Dh8.8 billion in various infrastructure projects plus a coal-driven power plant. "Ajman's buoyant real-estate market has great potential," said Mohammed Al Zarah, the vice-president of Dubai-based Great Properties, in a statement yesterday. The company is a consortium put up by various investors in the Gulf Co-operation Council bloc. He added that the investment includes the Dh500 million allocated by the emirate for infrastructure such as roads, the ...  >>MORE



Major work commences on Dubai Trade Centre District
Posted on 29/07/2008

Dubai World Trade Centre (DWTC) announced yesterday the commencement of major construction work on the first phase of the Dubai Trade Centre District (The District), the integrated commercial destination that is coming up at the heart of Dubai's business district on Sheikh Zayed Road, according to a Press statement. The District has also recently received LEED (Leadership in Energy and Environmental Design) Gold standard pre-certification for its commitment to sustainability. With the ...  >>MORE



DPE to issue price index for building materials
Posted on 20/07/2008

The statistics section at the Department of Planning and Economy (DPE) is planning to issue general price index for basic building materials similar to the commodity price index issued recently to curb the manipulation of prices by some traders. According to a statement issued by the section, the building materials' price index will include 22 articles, constituting 90 per cent of basic construction materials. The price index will help in denoting periods of price stability or hiking in a way ...  >>MORE



Third of Dubai's budget for infrastructure
Posted on 17/07/2008

More than 33 per cent of Dubai's budget expenditure in 2009 will be earmarked for infrastructure projects, according to the head of the financial department. This follows the Dubai's department issuing Notice No2 of 2008, which starts the process for drawing up the budget for 2009. Sami Al Qamzi, Director-General of Dubai Department of Finance, said an initial expenditure ceiling has been set along with September 30 as the deadline to receive the budgets of various departments and ...  >>MORE



HCSEZ plans to build family-styled labour complexes
Posted on 16/07/2008

The Higher Corporation for Specialised Economic Zones (HCSEZ), has announced plans to build family-styled labour complexes to provide proper residential units for those with limited incomes. The HCSEZ has taken regulatory measures to ensure good environment for residents at the current labour accommodations. Engineer Khadem Sawayeh Al Muhairi, executive director for the labour services at the HCSEZ, said the corporation would construct world-class complexes at competitive prices for the ...  >>MORE



Ministry of Economy reaches price agreement on cement at Dh18 per bag
Posted on 15/07/2008

The UAE Ministry of Economy, yesterday, announced the list of cement outlets and agents who have agreed to sell cement at Dh18 per bag at stores within the city limits and for Dh19 per bag in outlets that are away from the city. His Excellency Mohammed Ahmed Bin Abdul Aziz Al Shihi, Undersecretary at the Ministry of Economy, said that the agreement completes the memorandum of understanding that the Ministry of Economy signed on May 2008 with cement manufacturers in the UAE to enhance ...  >>MORE



Sorouh selects Hill International as project manager for six towers at Shams Abu Dhabi
Posted on 10/07/2008

Hill International announced yesterday that it has been awarded a contract by Sorouh Real Estate PJSC, one of Abu Dhabi's leading real estate companies, to provide project management services for Gateway Towers 3 to 8 at the Shams Abu Dhabi development. The four-year contract has a value to Hill of approximately AED 128.6 million (US$35.0 million). Construction of the six mixed-use towers is expected to cost approximately Dh5.9 billion (US$1.6 billion) and be completed by May 2012. The six ...  >>MORE

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