Tuesday 31 May 2016

Dubai Properties to launch new residential tower

Dubai Properties (DP), a leading UAE-based real estate master developer and manager, is set to launch its new residential project - Bellevue Towers - in the heart of the emirate's new downtown. The two-tower project, which is strategically located to offer Dubai’s most


$45bn contracts awarded in GCC from Jan to April

Over $45 billion worth of contracts were awarded to contractors during the January - April 2016 period in the GCC, according to construction projects tracking service Ventures Onsite. “This is a 27 per cent decrease from the $62 billion awarded during the same period last year,&r


Dubai gears up for biggest Indian property expo

More than 150 renowned developers will be showcasing their key projects to more than 15,000 potential visitors at the Indian Property Show which opens in Dubai, UAE, next month. The biggest biannual Indian real estate show will be inaugurated by Bollywood actor, director and film


UDC to sell Pearl-Qatar tower

United Development Company (UDC), a leading Qatari public shareholding Company has signed a memorandum of understanding (MoU) for the sale of AQ-02 office tower, one of two iconic commercial buildings situated at the entrance of The Pearl-Qatar within the Abraj Quartier precinct.


Abu Dhabi Airports completes MTB roof work

Abu Dhabi Airports has announced the successful completion of the steel structure on the central processor roof of the new Midfield Terminal Building (MTB). With the installation of the last piece of metal in the roof of the iconic building, a major milestone has been achieved, s


Emicool awards key district cooling contract

Emirates District Cooling (Emicool), a joint venture of Dubai Investments and Union Properties, has awarded a contract to leading construction group Drake & Scull for designing, building and operating a Dh120-million ($33 million) mega project network to extend chilled water from Hessa Stre


Turkish firms out in force at Dubai stone expo

Turkish companies were out in force at the Middle East Stone, the region’s only exhibition dedicated to the stone, marble and ceramics industry, held recently in Dubai, UAE.   The show, created by the organisers of The Big 5 and Index, ran alongside seven other leading


ME investors eyeing Birmingham, Manchester property

A number of Middle East investors are now focusing on prime properties in Birmingham and Manchester, which promises 6-7 per cent yields and strong capital appreciation outperforming London by over 3 per cent per annum, said an industry expert. Chestertons Mena, a leading internat


WSP/Parsons Brinckerhoff names Mideast head

WSP|Parsons Brinckerhoff, one of the world’s leading professional services consulting firms, has appointed Greg Kane as the new managing director for its Middle East operations. The company has 1,400 employees in the region with offices in Abu Dhabi and Dubai in the UAE, Qa


Kuwait awards $4.3bn airport terminal contract

Kuwait has awarded Turkey's Limak Group and its local agent, Kharafi National, a contract to build a new airport terminal at a cost of KD1.31 billion ($4.34 billion), the Public Works Minister Ali Al Omair said on Monday. The minister told a news conference that the project w

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