Thursday 17 January 2019

Kuwait to hand over 6,000 new housing units by April

Kuwaiti's Ministry of Housing and Public Works has announced that a total of 6,000 new residential units will be ready for delivery to the deserving citizens by April this year. The announcement comes following a meeting between Minister of Housing and Public Works Jenan Bush


ICD Brookfields, EY ink Dubai tower lease deal

Investment Corporation of Dubai (ICD), the principal investment arm of Dubai government said its joint venture with Brookfield Properties, a premier real estate operating company, has signed a pre-let agreement with global professional services firm Ernst & Young (EY), for its 120,000-sq-ft


Emaar launches premium golf villas near Expo 2020 site

Following overwhelming sales response to the launch of Expo Golf Villas, Dubai developer Emaar has launched its Phase Two, with a limited collection of three and four-bedroom premium villas set only 10 minutes from the Expo 2020 Dubai site and seven minutes from the Al Maktoum International Air


VOT the new buzzword in Dubai property market

Vacant on Transfer (VOT) has become the new market buzzword, while secondary market sales transfers showed an uptick in transactions in 2018, according to an industry expert. The term, mainly used for a unit that is available immediately upon handover, began to be used more widely sinc


Equitativa, HK group to set up new Belt & Road REIT

Equitativa, the largest real estate investment trust (REIT) manager in the Gulf region, has signed an agreement with Hong Kong-based Affluent Partners Holdings to launch a new REIT that will invest in property assets along the new Eurasia trade corridor of China’s Belt & Road Initiati


KG Group buys major stake in Dubai real estate group

KG Group, a leading manufacturer and distributor of products for the automotive, logistics and cement and mining industries, has acquired a major stake in Virtue Properties, a Dubai-based boutique real estate development company. Virtue Properties had last year delivered the Dh75


UAE launches key initiatives to boost real estate demand

With conditions remaining soft across most sectors of the UAE’s real estate market in 2018, the government launched a number of new initiatives to boost demand. In the year ahead, market performance will heavily depend on how quickly these investments and regulations have a


Abu Dhabi pumps $2.2bn into renewable energy sector

The total investments by Abu Dhabi government in the renewable energy sector has surged to Dh8 billion ($2.17 billion), thus reflecting positively on the sustainability of the industry for future generations, said a senior UAE government official. Abu Dhabi's investments in t


Nurol deploys Raimondi luffing jib cranes at UAE project site

Raimondi Cranes, a leading Italian-based group, said UAE-based Nurol Construction Company has deployed two of its luffing jib crane models at work on the Corniche Tower jobsite in the capital, Abu Dhabi. The Raimondi LR165, part of Nurol’s existing fleet, is accompanied by


ISG appoints new business development director

ISG, one of the world’s most dynamic construction services companies, has appointed David Cronin as the new business development director. He is returning to the company, where he was formerly a commercial manager between 2008 and 2012, and in his new role will focus onlead

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