Dubai has announced a metro station area development plan that aims to more than double the number of stations to 140 by 2040 and develop areas around metro stations, to enhance economic opportunities, interconnect public transport modes, and improve sustainable transport efficiency.
Sobha Realty, a leading developer in the region, has entered into an agreement with Umm Al Quwain Properties for the launch of a luxury real estate project on the Al Siniya Island in the northern emirate.
Emirates Water and Electricity Company (Ewec) has issued a request for proposals (RFP) for the development of the Taweelah C Independent Power Producer (IPP) project, a new carbon-capture-ready combined-cycle gas turbine (CCGT) plant located in the Al Taweelah Power and Desalination Complex, 50 km to the north-east of Abu Dhabi.
Adnoc Gas has announced the award of engineering, procurement and construction (EPC) contracts for the next phase of the UAE sales gas pipeline network enhancement Estidama Project. The EPC contracts are worth a combined AED2 billion ($554 million) and were awarded to NMDC Energy and Galfar Engineering & Contracting.
UAE-based Ginco Properties has launched its key development, One Residence, being set up at an investment of AED1.2 billion ($327 million) in Downtown Dubai.
Dar Global, the luxury international real estate developer, has announced its collaboration with The Trump Organization to establish the iconic Trump Tower Dubai. Both the location and design will be unveiled towards the end of 2024.
Dubai has approved the masterplan for the Jebel Ali Beach Development Project, aiming to create the world’s best public beaches in the emirate. Extending 6.
UAE-based Azizi Developments has signed an agreement with International Foundation Group (IFG), a specialist in deep foundation and ground solutions, to provide piling, shoring, excavation, and dewatering works for its key Dubai skyscraper project – Burj Azizi.
Fairmont Hotels & Resorts, a world-leading luxury hotel brand within the Accor group, said it has partnered with UAE-based developer Sol Properties to launch a premium residential development in Downtown Dubai. Work is currently under way on the 55-storey Fairmont Residences Solara Tower, which is scheduled for completion by Q3 of 2027.
A consortium led by Marubeni Corporation has announced the financial close for an ultra-large waste-to-energy (WtE) facility in Abu Dhabi being developed on behalf of Emirates Water and Electricity Company (Ewec) and Tadweer Group.
Kleindienst Group, the master developer behind the mega Dubai project – The Heart of Europe, has announced the launch of Marbella Resort Hotel, Vignette Collection by IHG Hotels and Resorts, a key luxury property being set up on the World Islands at an investment of AED1 billion ($272.2 million).
Marjan, the master developer of freehold properties in Ras Al Khaimah (RAK), has announced the launch of La Mer by Elie Saab, the first Elie Saab-branded residences at the premium destination. The iconic waterfront property with interiors designed by Elie Saab, will be developed by UAE-based ARTE Developments at Al Marjan Island.
