Select Group, a leading global real estate investment and development company headquartered in Dubai, has begun handover of the luxurious, waterfront development No.9 in Dubai Marina. With a gross development value of AED 520 million and built up area of 500,000 square feet, the development is spread over 34 floors with a total of 223 units.

Ideally located with direct access to the cosmopolitan Marina Walk, No.9 features 1, 2, 3 bedroom apartments"...

Aldar Properties on Sunday sold residential and commercial plots to expatriates in the mid-market segment for the first time in Abu Dhabi, cashing in on improving investor sentiment towards the emirate's real estate sector, its CEO said on Sunday.

The Abu Dhabi-based master developer sold a total of 764 residential and 150 commercial plots for Dh1.6 billion of Alreeman project - which is a special investment zone - and is located in the Al Shamkha"...

Singapore's CapitaLand is forking out S$6 billion (Dh16.14bn) to scoop up logistics and industrial assets from state investor Temasek, in a deal the developer said would create Asia's largest real estate investment manager.

CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and Ascendas Hospitality Trust, for cash and stock."...

Damascus, SANA- The General Establishment of Syrian Railways has regained its membership at the International Union of Railways based on a decision taken by the Union which was notified to the Ministry of Transport.

The Ministry said in a statement on Sunday that the Establishment can benefit from all the advantages which are related to regaining its membership as an active member at the International Union of Railways, and it can make an account"...

The construction sector in the Middle East and North Africa will grow at the fastest pace globally in 2019 as regional governments continue to invest in infrastructure projects and rebuild conflict areas, according to a new report.

The Mena construction industry is estimated to grow on an average 7.5 per cent year-on-year in 2019 and will expand at an average of 6.8 per cent every year until 2022, Fitch Solutions said in a report on Tuesday. Oman,"...

There is potential for residential real estate prices in Dubai to decline by another 5 to 10 per cent this year before the market hits the bottom, said Steve Morgan, CEO of Savills Middle East.

This is on top of the 6 to 10 per cent decline Dubai residential property prices witnessed in 2018, the executive added.

'Real estate prices have slipped and with the strengthening of the US dollar, investors from traditional source markets such as Russia, India, UK and Europe are facing affordability"...

Emaar Hospitality Group, a subsidiary of Emaar Properties, has launched a rigorous sustainability campaign, The Pearl Pledge, to conserve water and marine resources.

With active engagement across all stakeholder groups, The Pearl Pledge aims to promote the awareness of protecting and conserving the oceans, and to strengthen the adoption of sustainable water, energy and resource management practices across all the hotels, serviced residences, restaurants and leisure attractions of Emaar Hospitality Group.
"...

Preatoni Real Estate has announced the completion of the Dubai Star project, four years after its initial developer abandoned the multi-million project following the 2009-2010 economic crisis that befell the region.

The 45-storey skyscraper, which is located at the upmarket JLT cluster L has now been renamed Preatoni Tower. It boasts some 554 units covering a total of 600,000 sq/ft of prime residential and commercial space.

After"...

India's top engineering and construction firm Larsen & Toubro (L&T) said one of its key subsidiaries has secured $299 million worth of engineering, procurement and construction (EPC) contracts from the GCC and Asia region.

Annoncing the GCC contracts, L&T said its Power Transmission and Distribution Business will construct 115-kV substations with associated"...

UK real estate developer Regal London aims to double its sales from the GCC over the next five years, with the opening of a Dubai office last month to court the growing pool of investors seeking cheap deals ahead of Brexit.

“Dubai is a hub for servicing the [Arabian Gulf] region – everything goes through here,” said Behrang Jalali, director, Middle East and North Africa, at Regal London, in an interview with The National.