Construction Industry News

Dubai property prices likely to stabilise by 2020

Dubai property prices likely to stabilise by 2020

20th February 2019

According to *Tradearabia news report, after peaking in second half of 2014, Dubai residential property prices have been declining over the past few years and are approaching levels last seen at the nadir of the 2009-2010 property crash, according to global ratings agency S&P.[..]

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Saudi Arabia's cement industry remains under pressure

Saudi Arabia's cement industry remains under pressure

20th February 2019

According to *Tradearabia news report, Saudi Arabia's cement industry continues to remain under pressure for the third consecutive year, with the local sales volume registering a 13 per cent drop in 2018 compared to the figures of the previous year, according to Al Rajhi Capital.[..]

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Damac Properties opens gates to new 2,000-sq-m skatepark

Damac Properties opens gates to new 2,000-sq-m skatepark

19th February 2019

According to *Tradearabia news report, Damac Properties, a leading UAE-based luxury developer, said it has officially opened the gates to the new 2,000-sq-m skatepark located within its premium residential community, Damac Hills, in Dubai, UAE.[..]

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His Highness Sheikh Ahmed bin Saeed Al Maktoum Lays Foundation Stone of Rochester Institute of Technology – Dubai New Campus at Dubai Silicon Oasis

His Highness Sheikh Ahmed bin Saeed Al Maktoum Lays Foundation Stone of Rochester Institute of Technology – Dubai New Campus at Dubai Silicon Oasis

19th February 2019

  • AED500 million complex to span 146,000 sq m
  • His Highness Sheikh Ahmed bin Saeed Al Maktoum: The project aligns with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum to create new methods of qualifying students, developing their abilities, and preparing them for the future

Dubai-UAE: 19 February, 2019 – His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), laid the foundation stone of the new campus of Rochester Institute of Technology – Dubai (RIT Dubai), a satellite campus of RIT New York, at Dubai Silicon Oasis (DSO). The symbolic act marked the commencement of the construction works on the AED500 million project.[..]

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