The first large-scale waterpark being built in the UAE capital Abu Dhabi is 96 per cent complete with most of its rides and other attractions already operational. The waterpark is on track for a planned opening this month (January 24).

Jotun Paints, a leading producer and distributor of paints and coatings, has launched an ‘Inspiration Centre’ in Rashidiya, Dubai.

Dubai-based master developer Meraas Holding is to develop a Dh10-billion ($2.7 billion) destination that will focus on delivering a multi-faceted leisure and entertainment (L & E) experience to residents and tourists of Dubai.

Daman Investments, a leading Dubai-based investment management company, has announced the handover of the office tower at Burj Daman, a Dh1.6-billion ($435 million) mixed-use real estate development in Dubai International Financial Centre.

Gulf Related, a regional development company, is expected to develop a 288,200-sq-m world-class retail destination, which will include residential and hotel components, on Al Maryah Island (formerly Sowwah Island) in Abu Dhabi.

Work on the first phase of Al Zorah Resorts in Ajman is set to commence shortly following the launch of tenders for a world-class five-star hotel designed by the Italian architect Piero Lissoni in collaboration with Norr Group.

Dubai’s property market will grow at a steadier and more stable pace over the next year, providing solid investment opportunities for the savvy investor, say leading executives in the industry.

Emaar Properties and Dubai Holding, the development partners of Mohammed Bin Rashid City (MBR City) – the largest joint venture in the region’s real estate sector – have announced plans to open the world’s biggest mall and a park larger than London’s Hyde Park as part of the city.

The global programme management consultancy Turner & Townsend has been appointed to cost manage the construction of a fourth concourse at Dubai International Airport by Dubai Aviation Engineering Projects Corporation (DAEP).

Emaar to expand Arabian Ranches Emaar Properties, the global property developer of iconic real estate assets, has announced further expansion to its established master-planned community, Arabian Ranches, starting with the launch of Casa.

Tourism Development & Investment Company (TDIC), which has joined forces with UK-based Cranleigh School to open an elite campus on Saadiyat Island, has invited contractors to prequalify for the main works of the project (see Tenders).

Buoyed by its success in training more than 500 certified HDPE (high-density polyethylene) pipe welders since its inception in 2008, SKZ the German Plastics Center has spread its wings.