Real Estate

Alsayah Square, a first-of-its-kind modern commercial and medical landmark, is coming up on a sprawling 100,000-sq-ft area in the Muharraq governorate of Bahrain.






Eagle Hills Sharjah, a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, has launched Nada Residences on Maryam Island, the first-of-its-kind luxury waterfront development in Sharjah’s Al Khan and Al Mamzar districts.






Damac Properties, a leading luxury project developer in Dubai, says it has achieved a key milestone on its Aykon City Project on the banks of the Dubai Canal on Sheikh Zayed Road, with the structure of Tower B fully completed. Around 90,000 cu m of concrete went into the structure.






Lootah Real Estate Development last month broke ground on Ewan Retail, its new 1,400-sq-m lifestyle retail hub coming up at Ewan Avenue located in Dubai Investment Park (DIP).






Leading Abu Dhabi developer Aldar Properties has announced that its newest residential community, Noya, located in the heart of Yas Island, got sold out within four hours of the public launch, thus generating over Dh1 billion ($272.2 million) in sales.






Al Zahia, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, has announced the sale of the final phase of its Al Yasmeen neighbourhood that offers over 200 premium homes nestled within lush green surroundings.






Jubail Island Investment Company (JIIC) has awarded a major masterplanning and architectural services contract to leading design expert DLR Group for the mixed-use (commercial, retail and residential) community, Town Centre, coming up within its Dh5-billion ($1.36 billion) flagship project, Jubail Island, in Abu Dhabi.






Azizi Developments has awarded contracts to mechanical and electrical engineering consultancy Mario Associates for providing MEP  (mechanical, engineering and plumbing) design review and advisory services and Salama Structural Engineers to provide value engineering services for its upcoming projects across Dubai.






Omniyat’s $680m Dorchester project 60pc completed Leading regional property developer Omniyat has announced that more than 60 per cent of the work has been completed on its architectural showpiece, The Residences, Dorchester Collection, Dubai, being built at an investment of Dh2.5 billion ($680 million).






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