Palma unveils $1.36bn Serenia District in Dubai
Palma Development, a leading developer in the UAE real estate sector, has announced the launch of Serenia District, an AED5-billion ($1.36 billion) upscale residential community in the heart of Jumeirah Islands in Dubai. Spanning 600,000 sq ft with a built-up area of 3.
More...Khansaheb snaps up DEC Phase One contract
UAE-based Khansaheb Civil Engineering has been named the main contractor for Phase One of the Dubai Exhibition Centre (DEC) expansion project at Expo City Dubai. This phase, set for completion by 2026, will expand the DEC’s capacity to 140,000 sq m, nearly 2.5 times its current size of 58,000 sq m.
More...RTA in tie-up with Musk firm to study Dubai Loop
Dubai’s Roads and Transport Authority (RTA) unveiled plans last month for two cutting-edge transit systems that aim to revolutionise its urban mobility landscape: the RailBus and the Dubai Loop.
More...Expo City masterplan gets key pre-certifications
The Expo City Dubai masterplan has attained two pre-certifications of globally recognised social and environmental sustainability systems, testament to its commitment to developing an innovation-driven, people-centric community.
More...World’s highest penthouse up for grabs for $51m
The world’s highest residence, an ultra-exclusive 21,000-sq-ft duplex penthouse in the Burj Khalifa, is now on the market for $51 million. Listed exclusively by Invest Dubai Real Estate, it represents the pinnacle of luxury living, boasting unmatched panoramic views and architectural grandeur.
More...Four Seasons to set up RAK beach resort, residences
Leading luxury hospitality and residences branded Four Seasons has announced plans to develop a new luxury beach resort as well as private residences within Mina – a 400-hectare master-planned waterfront destination in Ras Al Khaimah – being developed by UAE-based RAK Properties.
More...Region’s largest precast concrete factory launched
MIG Holding, a major player in UAE’s construction, real estate and precast manufacturing sector, has joined hands with National Industries Park (NIP), a DP World company, to open ‘Safetech’, the largest precast concrete factory in the Middle East, spread over a 2.2-million-sq-ft area.
More...$2.4bn financing for Wynn Al Marjan Island completed
Wynn Resorts Limited has announced that Wynn Al Marjan Island has obtained a $2.4 billion construction facility with a global syndicate of lenders to finance the development of its integrated resort in Ras Al Khaimah, the first of its kind in the UAE.
More...Samsung wins $1.7bn EPC deal for Ta’ziz project
Samsung E&A, a total solutions provider for the global energy industry, has won an engineering, procurement, and construction (EPC) contract worth $1.7 billion for the Ta’ziz Methanol Project in Abu Dhabi. The project includes the construction of a methanol plant with a production capacity of 1.
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March 2025 (Volume xlvi Issue 3)