Sunday 13 July 2014

HLG wins $395m Dubai project deal

The Habtoor Leighton Group (HLG) has won a major contract worth Dh1.45 billion ($395 million) from Dubai International Real Estate (DIRE) to develop its 'Jewel of the Creek' mixed-use project in Dubai. As per the deal, HLG will complete the construction of five hospitalit


Damac offers luxury car with select properties

Damac Properties, a leading luxury real estate developer in the Middle East, has launched its Ramadan promotional offer.   The customers who buy a select luxury Dubai property during the month will be presented with a luxury car, including the BMW 520i and the B


GFH to develop mixed-use project in Dubai

Gulf Finance House (GFH), the Bahrain based Islamic investment bank, has signed a land sale agreement with Dubai Properties Group (DPG) to establish a new mixed-use residential development in its Dubailand district. The agreement, which involves the purchase of a total area of 1.


Abu Dhabi home sale prices stabilise in Q2

Average apartment and villa sales price increases in Abu Dhabi stabilised at 4 per cent and 2 per cent respectively during the second quarter (Q2) of the year compared to Q2 2013 as investor confidence returned, a report said. Average apartment rental rates ran in parallel with v


6 Alfanar employees graduate PMA programme

Alfanar Construction, a Saudi Arabia-based construction company for turnkey and project development capabilities, has concluded a Project Management Academy (PMA) programme for the first batch of students.   The programme offered a fast track career programme fo


Nakheel H1 profit jumps 54pc on new projects

Dubai property developer Nakheel, which was a major victim of the emirate's financial crisis five years ago but is now recovering strongly, reported a 54 per cent jump in profit for the first half of this year. The government-owned company made a net profit of 1.85 billion di


Cityscape Global sees 25pc rise in exhibitors

The 13th edition Cityscape Global, the Middle East’s largest property showcase, is gearing up to host more than 250 exhibitors, an increase of 25 per cent from last year, in a significantly expanded exhibition arena in Dubai. According to the Dubai Land Department, Dh35 bil


Cannon launches new modular data centre

Cannon Technologies Middle East, a global leader in containment systems, has unveiled its new modular data centre, which overcomes difficult site access and logistical challenges using cutting edge technology. Part of Cannon’s T4 Modular Data Centre portfolio, this latest i


Bahrain plans $15m shelter complex

Plans are underway in Bahrain to construct a multi-million dinar complex that will house six government shelters to help abused children and distressed migrant workers.   The BD6 million ($15.8 million) project will feature three new facilities - a men's she


Bahrain plans massive transport system overhaul

A total of 600 stations will be constructed as part of an ambitious strategy to expand Bahrain's public transport network.   The project has been awarded to TrueForm, a UK-based company specialised in designing, manufacturing, installing and integrating inte

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