Wednesday 24 July 2019

Nakheel launches Nad Al Sheba luxury villas for lease

Leading property developer Nakheel has launched the Phase One of villas for lease at its new, high-end Nad Al Sheba community, with annual rents for four- and five-bedroom units starting at Dh118,750 ($32,324) and Dh128,250 ($34,910) respectively. Located just off Sheikh Mohammed


Aldar's estate management unit launches new portal

Abu Dhabi-based developer Aldar Properties said its estate management arm Provis has launched a new web portal as part of its mandate to continuously enhance customer experience across its communities, and revolutionise the UAE estate management solutions market. The firm offers


Dewa plans to build 68 substations worth over $2bn

Dubai Electricity & Water Authority (Dewa) plans to build 68 new 132/11 kilovolt (kV) substations over the next three years, at a projected value of Dh8 billion ($2.18 billion) to meet the growing demand for power in the Emirate. This will contribute to achieving Dubai’


MMETC takes delivery of 4 Demag all-terrain cranes

Bahrain-based Modern Mechanical, Electrical & Transport Company (MMETC), a leading construction company, has taken the delivery of four new Demag all-terrain cranes being manufactured by Terex Corporation. A global manufacturer of lifting and material processing products and


Top firms shortlisted for Gulf Property Show stand awards

Major developers including Diyar Al Muharraq, Edamah, Dilmunia (Ithmaar Development), Golden Gate and First Bahrain Real Estate Development, have been shortlisted for the Best Stand Design awards at Gulf Property Show 2019. The Gulf Property Show is held annually in conjunction w


Saudi Arabia plans world’s first long-range hyperloop test track

Virgin Hyperloop One, the only hyperloop company in the world to successfully test its hyperloop technology at scale, has announced a development partnership with the Saudi Arabia’s Economic City Authority (ECA) to conduct a study to build the world’s longest test and certification


Reportage Properties unveils special offer for UAE projects

Abu Dhabi-based developer Reportage Properties has announced that it will be offering its "Buy an Apartment and Get a Net Annual Return of 8% for 3 Years" plan. The new offer which runs till August 15, covers all projects in Abu Dhabi and Dubai, said the statement from


Mashroat signs strategic partnership with Serco

Saudi Arabia's National Program to Support the Management of Projects in Public Entities (Mashroat) has signed a three-year partnership agreement with Serco, a leading global provider of essential public services. The newly formed partnership will ensure that international st


JIIC awards marine works deal for $1.3bn Abu Dhabi island

UAE-based Jubail Island Investment Company (JIIC) has signed up National Marine Dredging Company to carry out marine works at its $5-billion island development in Abu Dhabi, which boasts a mix of serviced plots, high-end and mid-range properties, community facilities, an office park, as well as


IHG signs new Holiday Inn on Dubai Deira Islands

InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, has signed a management agreement for a new Holiday Inn hotel at the upcoming ‘Dubai Deira Islands’. The signing is aligned with IHG’s strategy to increase its midscale offeri

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