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Issue No 319 - August 2, 2010
Kuwait property sales more than double in Q2
Kuwaiti real estate sales soared 113 per cent in the second-quarter compared to the year earlier period signaling a recovery in the sector, according to official data.
Dubai villa prices up 6.9pc in Q2
Dubai villa prices increased by 6.99 per cent while apartment prices declined by 5.23 per cent between Q2 2009 and Q2 this year, according to a report by a leading real estate information company.
Tamouh to deliver Marina project after Ramadan
Abu Dhabi developer Tamouh said the handing over of its Marina Square project to end buyers will be finalised after Ramadan, following the receipt of mandatory approvals and certifications from regulatory authorities and utility service providers.
Al-Futtaim wins $22.5m UAE contracts
Al-Futtaim Engineering, one of the leading multi-disciplinary engineering organisations, said it has won major contracts worth Dh83 million ($22.5 million) for supply and installation of Hitachi and LM lifts in key real estate projects in the UAE.
Arabtec inks $680m La Hoya Bay deal
Dubai's Arabtec has inked a deal to build Ras al Khaimah's La Hoya Bay project, valued at $680 million over nearly five years, the construction heavyweight said on Monday.
ABB wins first Saudi green office contract
ABB, the leading power and automation technology group, said it has won an order to implement KNX smart building technology in the 21-storey Waseel Tower, which will be the first green office building in Riyadh.

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