Wednesday 2 September 2015

Damac to hand over Dubai South homes in 2016

Luxury real estate developer Damac Properties is to deliver the first homes within its flagship project, Dubai South, over the  next six months. The 145-sq-km city, which includes the Al Maktoum International Airport and the site for the World Expo 2020, has been re-branded


Oman to award $44bn infrastructure contracts

Oman is set to award tenders and contracts worth RO17 billion ($44 billion) for several major infrsatructure projects across the country during a two-day business summit in November. The Business Opportunities Forum 2015, which kicks off on November 16 coinciding with Oman’


Oman’s $170m terminal to boost food security

A major agricultural handling terminal being built with an investment of $170 million in Oman at Sohar Port and Freezone will boost the development of a strategic food storage and distribution hub serving the region, a report said. “Work on the new agro-terminal has already


Galfar wins Qatar infrastructure works deal

Qatar-based Galfar Al Misnad Engineering and Contracting has won a QR856 million ($234 million) contract from the state economic zones company (Manateq) to develop the infrastructure in the Al Wakrah logistic services area, said a report. The project covers a total area of 6.6 sq


No progress on Egypt homes project: Arabtec

United Arab Emirates-based builder Arabtec on Wednesday denied a media report that it would only develop the first phase of a project in Egypt to build one million homes. The company announced more than a year ago that it had agreed in principle with the Egyptian government to bu


No plan to extend summer work ban in Bahrain

A senior government official has dismissed calls to extend the summer work ban, claiming it could affect firms already suffering from financial difficulties. Labourers were not allowed to work outdoors between noon and 4pm in July and August, but unionists have been calling to extend the nati


DuBiotech, EnPark record 20pc growth

The number of new business partners based in Dubai Biotechnology and Research Park (DuBiotech) and the Energy and Environment Park (EnPark) rose a combined 20 per cent in the year to July, underlining the Tecom Investment Free Zones’ (IFZ) popularity as a regional springboard for business


US real estate group targets ME investors

Real estate investment and development firm Capital Assured said it has signed an agreement with One Sotheby's International Realty to bring Ritz-Carlton's new, ultra-luxury Residences in Miami Beach, Florida, exclusively to buyers in the Middle East. Capital Assured is h


Nshama unveils new residential project in Dubai

Nshama, a private developer of integrated lifestyle communities, has unveiled Jenna, the first residential apartments to be developed at its trendy lifestyle project Town Square in Dubai, UAE. Town Square is located in New Dubai in close proximity to Arabian Ranches Golf Course, Dubai


Iranians likely to be big buyers of Dubai property

Iranians are likely to become major buyers of Dubai property again if sanctions against the Islamic Republic are lifted, providing a much-needed fillip to the emirate's real estate sector, consultants Cluttons said. Dubai property prices have fallen slightly this year, ending

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