Thursday 24 August 2017

Warba Bank acquires property in Dallas

Warba Bank has adds another investment to its global real-estate investment portfolio with the acquisition of a property in Euless, a suburb of Dallas, Texas. Warba Bank’s equity investment in Suite 2801, a 417-unit apartment community, amounts to $23.46 million, a statement said


Red Sea Housing, Aecom enter Saudi modular housing deal

Red Sea Housing Services (RSHS) and Aecom have signed a memorandum of understanding (MoU) to collaborate in delivering innovative, modular affordable housing solutions on fast track basis for the Saudi Arabian market.   While RSH will manufacture and deliver the modular buil


Bahrain officials, Saudi team discuss key projects

Bahrain’s Ministry of Works, Municipalities Affairs and Urban Planning officials and a delegation from the Saudi Development Fund have discussed the implementation of a number of projects supported by the fund.   The meeting was part of the regular follow-


Oman to spend $83m on new water projects

Oman's Public Authority for Electricity and Water (PAEW) plans to implement projects worth RO32 million ($83.12 million) to meet the growing demand for water in the sultanate.    The demand for potable water is rising at the rate of 15 per cent every ye


Qatar begins development of Doha Corniche

Qatar’s Public Works Authority (Ashghal) has started development and maintenance works on Doha Corniche, a report said. Ashghal plans to develop and maintain corniches in Doha and Al Khor, in addition to developing Al Wakrah Beach, reported Gulf Times.


Qatar mega reservoirs to be commissioned by year-end

Qatar’s major water project ‘The Water Security Mega Reservoirs’ aimed at increasing the water storage capacity of the country is expected to be partially commissioned by the end of this year, a top official said. “One of the five mega reservoirs and pumpi


Bank financing to UAE realty sector tops $76bn in H1

Bank financing provided to the property and construction sector in the UAE reached Dh281.2 billion ($76.5 billion) during the first half (H1) of 2017, rising by Dh16.5 billion ($4.49 billion) and reflecting a growth of 6.2 per cent from the end of 2016. According to UAE Central B


wasl Group starts work on Phase One of key project

Dubai-based wasl Asset Management Group, a leading real estate management and development company, is forging ahead with its wasl1 project in Dubai, UAE, with the appointment of contractors. Enabling works are now under way following the appointment of Kele Contracting for Phase


Emaar announces plans for new Dubai Hills Mall

Emaar Properties has unveiled plans to build a new mall in the Dubai Hills Estate, one of the largest master-planned communities being developed in Dubai, UAE, in joint venture with Meraas. Scheduled to open in late 2019, Dubai Hills Mall will feature 2 million sq ft of leasable


IGO launches new tower; vows to invest $544m

Invest Group Overseas (IGO), a Dubai-based developer, has launched its mega residential development IGO 101, while committing to invest more than Dh2 billion ($544 million) in projects, leading up to 2020. With construction to begin in December 2017, IGO 101 is scheduled for comp

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