At least 10 new malls, four-five shopping centers and three-four hyper markets are planned within Doha and the neighboring areas within the next four years, a report by Al Asmakh Real Estate Development Company (Aredc) indicates.

The highest demand for existing and new outlets has been coming from the garment segment and luxury brand stores. Restaurants and coffee shops come next, says the report.


About 1.05mn sqm net leasable area can be delivered only in mall segment, which is nearly double the existing net leasable area within malls.

About 550,000 sqm net leasable area is expected to be delivered on and near Al Shamal Road which is 53% of the expected supply and 96% of existing net leasable area among 13 operational malls, it said.

Upon completion of all proposed mall projects, the total net leasable areas among all existing and upcoming malls would be 1.61mn sqm.

Retail development, which has already entered the recovery cycle in the second quarter of this year, is the second largest construction activity after residential development.

Gulf Times

3 September

UAE أخبار

Emaar apartment sales revenue more than triples

Dubai Developer sees decline in sales revenue from villas, commercial units and land

 

By Deena Kamel Yousef, Staff Reporter

 

Published: 17:30 November 18, 2012

 

$494 billion worth projects planned in the UAE

The UAE is planning to carry out projects in construction and other sectors worth around $494 billion, accounting for nearly a third of the total projects planned in the region, according to a Gulf business chief.

10 new malls coming up in Qatar

At least 10 new malls, four-five shopping centers and three-four hyper markets are planned within Doha and the neighboring areas within the next four years, a report by Al Asmakh Real Estate Development Company (Aredc) indicates.

The highest demand for existing and new outlets has been coming from the garment segment and luxury brand stores. Restaurants and coffee shops come next, says the report.

$330 million contracts for 7 health projects in Qatar

Qatar’s Public Works Authority ‘Ashghal’ announced that work had started on the construction of seven new healthcare projects with a total value of QR1.2 billion ($330 million).

 

The contracts include the construction of additional operation rooms at Hamad General Hospital, in addition to five healthcare centres at Al Nuaim, Al Muntazah (Rawdat Al Khail), Al Karaana, Al Roda and Al Ghuwairiyah, and the construction of a health and wellness centre in Umm Slal.

 

Construction in Qatar to grow by 19%

The Middle East's construction sector, including Qatar, has been forecast to grow by 19 percent in 2013, with the combined value of completed projects set to reach $81.6bn. And projects worth $64.5bn are set to be awarded before the end of the second half of the year, according to Aldes Middle East, a leading provider of firefighting and ventilation solutions. Given Qatar's immense growth potential of the construction and real estate sector, the company has stepped up its expansion initiative with the planned opening of a new office in Doha.

ifpinfo

5 September

Doha Metro to have 48 stations

The 131-km Doha Metro Railway will have at least 48 stations and half of the entire facility would be built underground at depths up to 50 meters. In a presentation, Qatar Rail commercial manager Stephen Lines disclosed that the elevated portion of the Metro railway is 48km long. Construction has started this year and it is expected to be completed in 2019.

 

شركاء

 

 

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