Leading UAE developer Damac Properties said it has started piling work for Cavalli Tower, an ultra-luxurious 70-storey building that was launched last year. The Cavalli-branded skyscraper, located in Dubai Marina, is being built at a total investment of $545 million.
Dubai Electricity and Water Authority (Dewa) has announced that the capacity of its current projects with the private sector using the Independent Power Producer (IPP) model has exceeded 4,000 MW with the total investments hitting over AED40 billion ($11 billion).
Aldar Properties has announced the launch of Yas Golf Collection, its latest community on the iconic Yas Island in Abu Dhabi. Overlooking the stunning Yas Links Golf Course and Abu Dhabi’s mangroves, the AED1.7-billion ($482.
Sharjah developer Arada has announced that work is currently under way on nearly 6,500 residential units being built across its various communities. Of these, nearly 5,000 homes are on track for completion by the end of this year.
Sharjah real estate developer Alef Group has launched Al Mamsha Raseel (Zone 3) within its AED5-billion ($1.36 billion) Al Mamsha Sharjah in the Al Muwaileh area of the northern emirate.
A consortium led by global infrastructure major Besix with Plenary, a leading independent long-term investor, developer and manager of public infrastructure, as its partner, has announced the successful financial close of the Zayed City Schools PPP.
Emirates Central Cooling Systems Corporation (Empower), one of the largest district cooling (DC) providers based in Dubai, said it has launched a programme that will see the development of the world’s single largest and independent urban district cooling project in the Business Bay area.
DMCC, a flagship free zone and Dubai government's authority on commodities trade and enterprise, has announced that the façade of Uptown Tower has been fully installed, thus marking a major construction milestone for Dubai’s latest megaproject.