UAE Cancelled US$ 170 Billion Worth Construction Projects

#uae #dubai #construction

The amount of construction projects cancelled and delayed in the United Arab Emirates rose to $170bn in August, Citigroup said in a report, signaling the battered sector in the Gulf state is still away from a recovery, reported Arabianbusiness.
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Dubai Metro Green Line to Open In September

#railway #uae #dubai #construction #transportation

On September 9 Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, will launch the official operation of the Dubai Metro Green Line, which spans 23 kilometers and comprises 16 stations, reported Gu...

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Dubai-Based Company Began Construction In Syria Despite The Unsafe Situation

#dubai #syria #uae #construction

Ski slope, started construction of its mixed-use Khams Shamat Touristic Development project in Syria even as the security situation there worsened.
The Dubai-based developer began work on the US $1 billion development, which is located 17 kilo...

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Damac Heights Residential Tower Construction Begins

#damacheights #tower #uae #dubai #construction

Damac Properties, a leading real estate developer, has commenced main construction works at its US$ 138.3 million residential development at Dubai Marina. Leading construction company Arabtec, which was awarded the main construction contract, is now ...

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Dubai Cancelled 217 Real Estate Projects In Two Years

#uae #dubai #construction #realestate

According to Arabian business, Dubai, the Gulf business hub where property prices continue to decline, cancelled 217 property projects in the past two years. The Real Estate Regulatory Authority reviewed more than 450 projects and expects 237 of them...

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