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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
UAE steel prices soar, construction boom drains market
Aldar's Al Raha headquarters on schedule
Abu Dhabi to invest US$200 billion in infrastructure projects by 2030
Dredging work kicks off at Marina Zone
Emaar Bawadi unveils Maysan Towers in Asmaran community
Demolition of-40-year old building of central hospital in Abu Dhabi
Emaar to unveil The Grand Boulevard homes
Leading architects in global competition to design one of the world's tallest towers
Sama Dubai launches construction of Dh20 billion Dubai Towers
Emaar has US$100b of foreign projects

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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



UAE steel prices soar, construction boom drains market
Posted on 10/07/2008

Steel prices in the UAE have risen about 15 per cent so far this month compared as a construction boom in the Gulf Arab oil exporter has drained the building materials market, traders said yesterday. A tonne of reinforcing steel bar (rebar), used in construction, fetched around US$1,550 yesterday, up from around US$1,350 in the last week of June, dealers said. One executive from a Gulf steel producer said he expected prices to hit US$1,650 a tonne by the end of the month. The rising cost of ...  >>MORE



Aldar's Al Raha headquarters on schedule
Posted on 08/07/2008

Aldar Properties said yesterday the construction of its headquarters was "on track for timely completion". When finished in 2009 the facility will be the first building at Abu Dhabi's Al Raha Beach waterfront development to be occupied. The building has been designed by world-renowned architects MZ & Partners and recently received worldwide attention when it was named the Best Futuristic Design at the Building Exchange conference in Spain. Excavation, piling, basement work and finishes, and ...  >>MORE



Abu Dhabi to invest US$200 billion in infrastructure projects by 2030
Posted on 01/07/2008

In line with its strategic plan (2008-2012), the emirate of Abu Dhabi is aiming to create sustainable industrial growth driven by the ongoing economic boom. Utilising the windfall from a five-fold increase in oil prices, the UAE's capital has posted an impressive growth in non-oil sectors, with the manufacturing sector accounting for 11 percent of the GDP in 2008, while the real estate and construction sectors accounted for 4 and 9 percent, respectively. These figures reflect the serious ...  >>MORE



Dredging work kicks off at Marina Zone
Posted on 30/06/2008

Abu Dhabi National Exhibitions Company (Adnec) has commenced dredging the 2.4 kilometre Marina Zone to enhance its state-of-the-art exhibition facilities, which will soon become largest in the Middle East. The National Marine Dredging Company's suction dredger, Al Kattouf, currently located in the Adnec channel opposite the exhibition centre, will increase the channel depth to six metre to improve access by excavating approximately 1.5 million cubic metre of seabed. The dredging operations ...  >>MORE



Emaar Bawadi unveils Maysan Towers in Asmaran community
Posted on 29/06/2008

Emaar Bawadi, the joint venture between Emaar Properties PJSC and Bawadi, a member of Tatweer, has unveiled the Maysan Towers, the first residential tower complex comprising three high-rise apartment towers within the 70 million sq ft Asmaran master-planned community in Bawadi. Registered customers can purchase homes on a 'first registered, first served' basis on June 30 at a sales event to be held at the newly opened Asmaran Sales Centre located on Al Qudra Road. This will be the first ...  >>MORE



Demolition of-40-year old building of central hospital in Abu Dhabi
Posted on 27/06/2008

Sheikh Khalifa Medical City, commenced today the demolition of 40-year old building of the central hospital in Abu Dhabi. Dr Scott Strong, executive director of Sheikh Khalifa Medical City said the "demolition will take 4-5 days", adding that the central hospital had served Abu Dhabi population for four decades when it was annexed to Sheikh Khalifa medical city in 2004. The work at emergency and dialysis units continued until 2008. He added that the emergency cases, which were used to treated ...  >>MORE



Emaar to unveil The Grand Boulevard homes
Posted on 25/06/2008

Emaar Properties is ushering in a new urban cultural experience with the launch of The Grand Boulevard, an architecturally spectacular two-tower residential complex located on Burj Dubai Boulevard. Featuring a theater, two levels of retail and an extensive spread of leisure amenities, The Grand Boulevard will be launched on Saturday. The Grand Boulevard comprises 69- and 22-storey towers that have been designed through a collaboration of the Chicago office of Adrian Smith, the designer of ...  >>MORE



Leading architects in global competition to design one of the world's tallest towers
Posted on 24/06/2008

In what has been labelled as a unique internal design competition, Tameer Holding yesterday announced that acclaimed designers Atkins will compete amongst itself across three of its leading design centres for the privilege of designing an iconic skyscraper intended to be developed on Sheikh Zayed Road. Based on current world rankings, the colossal mixed-use project will be amongst the world's tallest structures and will comprise of residential, commercial and retail configurations in addition ...  >>MORE



Sama Dubai launches construction of Dh20 billion Dubai Towers
Posted on 23/06/2008

Sama Dubai yesterday announced the commencement of construction work for its highly anticipated Dubai Towers. Set against a backdrop of beautifully landscaped islands in the heart of Dubai, the cluster of towers will represent sophisticated architecture. Centrepiece of The Lagoons Central Business District of Dubai Towers will comprise four state-of-the-art residential, commercial, retail and hospitality towers. Built at a cost of over Dh20 billion reflecting Dubai's vision and commitment to ...  >>MORE



Emaar has US$100b of foreign projects
Posted on 19/06/2008

Dubai-based developer Emaar Properties has more than US$100 billion worth of international projects in the pipeline, a senior executive said yesterday. Arif Amiri, senior director of investor relations and corporate governance, said Emaar's international growth is endorsed by the growing confidence in our projects by international investors. "With a pipeline of projects valued at over $100 billion, we forecast international operations to contribute 60-70 per cent of our total revenues by ...  >>MORE

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