Monday 18 February 2019

Eshraq Properties unveils new name, corporate identity

Eshraq Properties, a real estate company based in Abu Dhabi, has changed its name to Eshraq Investments following approval from shareholders at the recent general meeting. The Emirati firm also unveiled its new corporate logo and a refreshed website that elevates the company&rsqu


Sobha Realty hands over key phase of MBR City project

Sobha Realty, a leading UAE-based premium real estate developer, has handed over the apartments in Phase One of Hartland Greens project, located within its Sobha Hartland development at Mohammed Bin Rashid Al Maktoum (MBR) city in Dubai. The Hartland Greens is a premium collectio


Etihad Esco completes Hatta solar retrofit project

Etihad Esco, a wholly-owned subsidiary of Dubai Electricity and Water Authority (Dewa), said the project is aimed at generating 3,612,357-kilowatt hour (KWh) of energy annually out of 554 newly retrofitted villas. The project is part of the Shams Dubai initiative, which encourage


Wasl Properties in key Dubai project leasing success

UAE-based wasl properties, a subsidiary of wasl Asset Management Group, has announced that the successful leasing of 90 per cent of its units at its ‘wasl Crystal’ buildings in Al Quoz within three months. This is a testament to the facilities and consistent quality o


US group working on Downtown Jumeira masterplan

Chicago-based architectural firm Skidmore, Owings & Merrill (SOM), which has designed the Burj Jumeira, an aerodynamic, 550-m tower located in the Al Sufouh area of the popular Jumeirah neighbourhood of Dubai, said is now working on the masterplan for the surrounding Downtown Jumeira distri


Investcorp, UK group to launch new Gulf infrastructure JV

Bahrain-based Investcorp has joined hands with Aberdeen Standard Investments (ASI), a leading global asset manager based in the UK and a part of Standard Life Aberdeen, to launch a new venture that will invest in social and core infrastructure projects in the GCC countries. A lea


Gulf Construction Expo kicks off in April

Preparations are underway for the Gulf Construction Expo, the leading construction and building expo in the Northern Gulf region, which kicks off on April 23 at the Bahrain International Exhibition and Convention Centre. The three-day event is being held under the patronage of HR


Close to 600 hotels under construction in MEA

Hotel supply in the Middle East and Africa (MEA) continues to grow as the region has registered a total of 597 properties with 154,239 rooms currently under construction. Of the total, about 446 hotels (127,115 rooms) are in the Middle East, while the rest are in the African regi


Tabreed seals first district cooling contract in India

UAE-based National Central Cooling Company (Tabreed) said it has entered into a 30-year concession with Andhra Pradesh Capital Region Development Authority (APCRDA) to build, own, operate and transfer its first district cooling system in India with a capacity of 20,000 refrigeration tonne (RTs)


Sharjah real estate transactions top $6bn in 2018

The real estate sector in Sharjah has seen a big boom with 54,125 transactions valued at Dh22.5 billion ($6.12 billion) in 2018, as per the annual realty transactions report released by the Sharjah Real Estate Registration Directorate. The real estate deals sealed last year cover

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