Aldar, Mubadala set up JVs to manage $8.17bn assets
Aldar Properties and Mubadala Investment Company, a sovereign wealth fund owned by the Government of Abu Dhabi, have boosted their strategic partnership by establishing a series of joint ventures. These ventures aim to own and manage assets across Abu Dhabi, valued at over AED30 billion ($8.17 billion).
More...Abu Dhabi inaugurates first PPP schools project
Abu Dhabi Investment Office (ADIO) and the Abu Dhabi Department of Education and Knowledge (ADEK) have inaugurated three state-of-the-art schools in Abu Dhabi’s Zayed City. The project marks the first time that school infrastructure has been developed and delivered in the UAE under a public-private partnership (PPP) model.
More...Binghatti launches projects in Al Jaddaf, JVC
Binghatti, a leading Dubai-based property developer, has launched its first project in the Al Jaddaf area of Dubai. The AED4-billion ($1.09 billion) Binghatti Ghost marks Binghatti’s comeback to the market after a two-year hiatus, according to a statement.
More...Alphabeta unveils new luxury mixed-use project in Dubai
UAE-based Alphabeta Properties has announced the launch of its latest flagship development, Q-East in Dubai featuring a mix of top-quality residential, commercial and retail spaces.
More...Acwa Power to develop Sharjah’s first IWP
Saudi-listed Acwa Power has signed an agreement with Sharjah Electricity, Water and Gas Authority (Sewa) to develop Sharjah’s first Independent Water Project (IWP) that will help meet the increasing demand for potable water in the emirate. The Hamriyah IWP will be developed using seawater reverse osmosis (SWRO) technology.
More...Dutco lands main contract for Gran Meliá resort
ASB Hospitality has appointed Dutco Construction as the main contractor for the Gran Meliá Hotel – Dubai Jumeirah. Set to be the first beachfront property under the Gran Meliá brand in the UAE, the resort will be a landmark addition to Dubai’s luxury hospitality sector.
More...Arada completes 1,000 new homes at Masaar
Leading UAE developer Arada said it has completed work on the second and third phases at Masaar, the forested megaproject based in the Suyoh district of Sharjah. With this, all 986 homes in the Kaya and Robinia districts are readying for handover as the master community reaches the 50 per cent completion mark, said the Sharjah developer.
More...Meraas launches 200 new bespoke villas at The Acres
Meraas, a member of Dubai Holding Real Estate, has announced the launch of more than 200 new homes at its exclusive standalone villa community at The Acres in Dubai.
More...131-storey Burj Azizi to soar 725m into Dubai sky
Burj Azizi, the planned skyscraper by Azizi Developments on Dubai’s Sheikh Zayed Road, will reach a height of 725 m, making it the world’s second tallest tower when built, according to the developer. The 131+-storey skyscraper will launch for sales in February 2025, and is scheduled for completion by 2028.
More...Taraf to bring W Hotels residences to Abu Dhabi
Taraf, the real estate division of UAE-headquartered investment holding group Yas Holding, and Marriott International, have announced a landmark project, W Residences Abu Dhabi – Al Maryah Island.
More...Sharjah Sports City designs get go-ahead
The designs and location for a new Sports City in Sharjah have been approved by HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah. Work on the detailed designs is expected to start soon.
More...Damac breaks into RAK with branded homes
Damac Properties, a leading luxury real estate developer in the UAE, has announced the launch of its inaugural project in Ras Al Khaimah – Shoreline by Damac, located on the pristine shores of Al Marjan Island.
More...Nakheel awards $490m deal for Como Residences
Nakheel, a member of Dubai Holding Real Estate, has awarded an AED1.8 billion ($490 million) contract to Alec Engineering & Contracting for the construction of its exclusive residential tower Como Residences on Palm Jumeirah.
More...Work begins on Fairmont Residences Solara Tower
SOL Properties, a leading UAE developer, said it has begun construction of the premium ‘Fairmont Residences Solara Tower Dubai’, which will elevate the regional real estate landscape by implementing stringent green building principles and advanced energy-efficient technologies.
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October 2024 (Volume xlv Issue 10)