UAE construction market is worth over $1trn

According to research by Protenders, about 28 percent of the UAE’s construction projects are currently on hold. The total values of the UAE construction sector is $1.01 trillion with $284.7 billion on hold, without giving reasons or a comparative figure. Besides, the report revealed that $$420.1 billion worth of projects are currently under construction, making […]

UAE construction industry on way to create central data repository

Construction companies and developers in the UAE have called for a joint project data center. The aim of the project is to increase the profitability by centralizing the resource requirements and reducing the cost overrun. They suggested that 60 collaborators from different construction and real estate developers, Artificial Intelligence, and all projects using blockchain technology […]

Hyperloop will finish construction of the first high-speed train in the UAE in 2020

Hyperloop will complete next year of the first phase of the world’s first super-speed bridged train system in the United Arab Emirates. The company’s president, Bibop Gresta, said that Hyperloop Transportation Technologies, which is based on Elon Musk’s concept of high-speed hyperloop transport, plans to build a 10-kilometer road from a 150-km route linking Abu […]

Dubai sees jump in home completions to 22,000 in 2018

The new JLL report stated that there are concerns over the increase in demand in the coming years. According to recent research, Dubai witnessed the highest housing deliveries in the last five years in 2018, adding 22,000 new units and completed a series of major projects. JLL’s Report of 2018 stated that the increase in […]

Authorities rolled up their sleeves to finish Fujairah Business Center project early

Dubai Investments has announced that the work on the $ 125 million Fujairah Business Center project is about to be completed in June 2020. The company said the mixed-use project was well before the planned completion date in the fourth quarter of 2020, and construction is now 20 percent complete. The joint venture between Al […]