UAE-based Ajmal Makan Real Estate Development has announced that work is in full swing on its $6.8-billion coastal development, Ajmal Makan City, which, once completed, will be the largest mixed-use residential, commercial and tourism project in Sharjah.
Alef, a key real estate developer in Sharjah, has announced that it has appointed CC7 as the main contractor for the Al Mamsha Raseel project, being developed at an investment of AED1.1 billion ($299 million).
Bloom Holding, a leading UAE real estate developer, has announced the launch of Carmona, the eighth phase of its Bloom Living, its fully integrated and all-inclusive community in Abu Dhabi. Named after the Spanish town, Carmona offers premium townhouses ranging from two to three bedrooms.
Leading UAE-based developer Arada has awarded a contract for the construction of Phase One of Arada Central Business District (CBD), the upcoming commercial centre for Sharjah, within the AED35-billion ($9.5 billion) Aljada megaproject.
Dubai Electricity and Water Authority (Dewa) has invited international developers to submit expressions of interest for a tender to develop the 1,600-megawatt (MW) seventh phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park.
More than 11,300 new hotel rooms are set to open across Dubai by 2027, with almost 4,620 coming to the market this year, according to leading real estate advisory group Cavendish Maxwell. Last year, Dubai had added 4,255 rooms across 19 hotels to its inventory, representing year-on-year growth of almost three per cent.
Ohana Development, a leading luxury real estate developer in the UAE, has announced the ground-breaking of its premium residential project – Elie Saab Waterfront by Ohana – on Abu Dhabi’s Reem Island.
Dubai has approved the allocation of 1.46 million sq m of land for affordable housing, enabling the development of 17,080 residential units in line with the emirate’s Affordable Housing Policy.
SOL Properties, a leading real estate developer in the UAE, has launched its latest flagship project ‘SOL Levante’, an AED1 billion ($272 million) mixed-use development located in Jumeirah Village Triangle (JVT), with panoramic views of the Dubai Marina skyline and Bluewater Islands.
Palma Development has announced that steady progress is being made on its AED3-billion ($816 million) ultra-premium beachfront development – Serenia Living – with the project already 70 per cent completed.
Meraas, a member of Dubai Holding Real Estate, has announced that it has awarded a contract worth more than AED2 billion ($544 million) to Arabian Construction Company for development of its prime project Design Quarter at d3 in Dubai. The developer has also launched the final phase of The Acres, its exclusive standalone villa community.
Ajman Municipality and Planning Department has announced that the value of construction contracts in the northern emirate for FY 2024 hit AED9.65 billion ($2.6 billion), up 62.6 per cent compared to the previous year’s figure of AED5.9 billion ($1.6 billion).
