Trojan General Contracting has been appointed as the main contractor for the first three precincts of the project
Category: Real Estate
Damac awards Dhs40m contract for roads, infrastructure at Akoya Oxygen
The roads and infrastructure contract has been awarded to Proscape
Saudi plans to deliver one million housing units over next five years
The kingdom has a waiting list for 1.5 million housing units over the next five years
Dubai among top 10 cities for most expensive residential property
The emirate ranked 10th on the list, with Monaco leading worldwide
Azizi announces plans for two buildings in Dubai Studio City
The developer is also planning a luxury gated community in the area
Huge residential land plot in Dubai sold for Dhs60m
The plot in the Meydan district is 120,000 sq ft
Dubai developer Nakheel reports flat Q1 net profit
The company handed over 412 land form and built form units during Q1 2017
Bahrain’s Investcorp invests $160m in US industrial property
The firm said the purchase includes six properties with an aggregate of roughly 1.8 million square feet of warehouse and distribution space
Abu Dhabi’s mega Dhs3.3bn Zayed City project eyes 2020 completion
Once complete, the development will house an estimated 370,000 residents
Abu Dhabi’s Eagle Hills launches new mixed-use project in Fujairah
Called Fujairah Beach, the development will feature a luxury five-star hotel and a gated residential community
Abu Dhabi’s Aldar launches Dhs1.3bn affordable project
Prices for the units begin from Dhs450,000
Abu Dhabi’s Mubadala, Eshraq Properties mull real estate JV
The joint venture will look to develop plots owned by Mubadala on Al Maryah Island and by Eshraq Properties on Al Reem Island
Abu Dhabi residential prices, rents to continue to fall in 2017 – Chestertons
The company said redundancies in oil and gas and the flight to affordability among residents would continue
Abu Dhabi’s Aldar to award main contract for Dhs6bn Yas Acres in Q2
Yas Island’s Ansam and Al Raha Beach’s Al Hadeel are set to be handed over in September 2017
Jeddah’s rents fall further after departure of several expatriates
Average rents in the Saudi city were down 8.5 per cent year-on-year in Q1
Dubai’s new standard tenancy contract: Points to consider
The new standard contract became mandatory from March 1, 2017
Damac’s $1.35bn luxury project in Dubai’s Burj area now 85% complete
Damac Towers by Paramount Hotels and Resorts features four towers
Over 42% of Dubai residents saw rents rise in the past year – report
Only 10.3 per cent of tenants in the emirate registered a drop in rents over the past year
Dubai sees rise in off-plan property sales
Transactional activity for residential property rose by 25 per cent quarter on quarter in Q1
Dubai Islamic Bank wins $2bn land dispute
Plantation Holdings had alleged DIB breached its duties as mortgagee
Dubai’s Damac awards Dhs58.4m contract for villas at Akoya Oxygen
The contract has been awarded to Towers Technology Contracting
Dubai residential rents won’t recover in 2017 – Core Savills
The company said a smaller tenant base and trend of owner occupiers would continue to impact demand this year
Dubai plans to implement new rental law
Dubai Land Department also confirms year-on-year rise in the value of real estate transactions in Q1
Dubai property market to ‘bottom out’ before end of 2017
The Burj Khalifa registered a 25 per cent drop in values in the last 12 months, making it the weakest performer across the city
Abu Dhabi’s Aldar awards $136m contract for Mayan project
The contract will cover the construction of five 11-floor buildings comprising 512 units
In pictures: NY architect eyes Dubai to build world’s tallest tower hanging from space
Analemma Tower, created by Clouds Architecture Office, will be suspended from an orbiting asteroid
Residential property sales and leasing in UAE to be exempt from VAT
The first sale of new residential property in the country will be subject to the zero rate of VAT
Emaar completes foundation of new tallest tower in Dubai
The Tower at Dubai Creek Harbour is anticipated to be completed by 2020