Sunday 11 December 2016

Danube inks home finance deal with top Indian bank

UAE-based Danube Properties, UAE’s leading property developer, has signed a MoU with the Bank of Baroda, one of the top Indian banks present in emirates, to provide home loan to the investors of its Dreamz By Danube project against their property purchase. Dreamz is the fir


Switzerland to open world's longest train tunnel

Switzerland is set to open the world's longest and deepest train tunnel - the Gotthard Base Tunnel - following the completion of its exhaustive safety and technical tests by The Swiss Federal Railways (SBB). A 17-year pioneering project which extends for 57 km down to a maxim


Dubai Investments launches sales of $816m freehold project

Dubai Investments, a leading, diversified investment company, has launched the sales of the Dh3 billion ($816 million) Mirdif Hills, the only freehold project in Mirdif region of Dubai, UAE. A mixed-use development featuring 1,054 apartments - a mix of studio, one-, two-, three-b


Emaar launches third luxury project in Saudi Arabia

Leading global developer Emaar has announced the  launch of its third luxury residential project in Jeddah Gate, an elegant masterplannned community located centrally in the Saudi city, under its Emaar Residences brand of homes. Spread over a total area of 413,000 sq m, when compl


Qatar’s sanitary ware market to grow at 9pc by 2021

Qatar’s sanitary ware market is projected to grow at a compound annual growth rate (CAGR) of over nine per cent during 2016 to 2021, said a report by TechSci Research, a global management consulting firm. Growth in the market is anticipated on account of increasing hygiene


Top Indian property expo opens in Dubai

Leading developers from across India are showcasing their latest projects at The Indian Property Show which opened today in Dubai, UAE. The premium realty exhibition for non-resident Indians was inaugurated in the presence of Bollywood celebrity Arbaaz Khan, chief guest Butti Sae


Abu Dhabi Fund launches new soil museum in Dubai

The International Center for Biosaline Agriculture (ICBA) and the Abu Dhabi Fund for Development (ADFD) on Thursday (December 8) jointly opened the Emirates Soil Museum, a unique facility in the Middle East and North Africa (Mena) region, in Dubai. Speaking at the launch, Dr Isma


Al Nuaimi wins RAK hotel enabling work contract

RAK Properties, the largest property developer in Ras Al Khaimah, UAE, has awarded a Dh30 million ($8.16 million) enabling works contract to Al Nuaimi Group for a 306-room resort coming up within the Mina Al Arab development. The property will be operated by Minor Hotels under it


Kleindienst awards $1.3bn The Heart of Europe contracts

Kleindienst, one of the biggest European real estate companies, has awarded construction projects worth Dh4.8 billion ($1.3 billion) for the development of The Heart of Europe, a giant project featuring a cluster of six islands on The World located 4 km off the coast of Dubai, UAE.


Work on Saudi Arabia's Taif airport to commence in 2017

Work on Saudi Arabia's new Taif International Airport will start in February next year, and is expected to be ready by the beginning of 2020, said a report. Makkah Governer Prince Khaled Al Faisal, who is also the adviser to Custodian of the Two Holy Mosques, said the airport

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