Tuesday 20 August 2019

IBC Group to acquire 10,000 holiday homes in Dubai

UAE-based IBC Group has announced plans to acquire 10,000 premier properties in Dubai, to furnish and manage as holiday homes. The company said it has contracted Berkshire Hathaway HomeServices Gulf Properties on an exclusive basis to play an advisory brokerage role to assist in


$18.85bn landmark projects under way in UAE

A number of new landmark projects and skyscrapers worth $18.85 billion are currently under way in the UAE, according to a new report.   The majority of the projects are being built in Dubai, which accounts for $15.62 billion of the projects, accoring to BNC Netw


Abu Dhabi to showcase its world-class infrastructure

Abu Dhabi will showcase its world-class infrastructure and technology achievements in the transport sector to global experts as part of a series of technical visits during the World Road Congress Abu Dhabi 2019.    Now open for registration, the free techni


Damac reports $517m H1 revenue

Damac Properties Dubai has reported a total revenue of Dh1.9 billion ($517.25 million) for the first half of this year, with booked sales at Dh1.8 billion.   Gross profits for the same period stood at Dh502 million reflecting a gross profit margin of 27 per cent


$830m water projects start operation in Makkah

A number of water projects in Makkah and other holy sites of Saudi Arabia worth over SR3.1 billion ($830.4 million) have opened coinciding with the Hajj season this year, a Saudi Press Agency report said.   These projects include a pipeline for carrying desalina


Innovative new solutions at WDF event

Innovative products and new facades solutions will be launched at the Middle East’s largest event dedicated to windows, doors and facades next month.   From September 24 to 26, Windows, Doors & Facades (WDF) 2019 will return to the Dubai World Trade Ce


Saudi Arabia launches water projects worth $825m

Saudi Arabia has launched a number of water developments worth over SR3.1 billion ($825 million) in Makkah and other holy sites coinciding with the Hajj season for this year, media reports said. These projects include setting up a pipeline for carrying desalinated water from the


Sheikh Mohammed visits Expo 2020 project sites

His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, has expressed satisfaction at the progress of the Expo 2020 Dubai projects.   Sheikh Mohammed visited several infrastructure projects related to the Expo,


Work starts on AlUla airport revamp, concert hall

Work on the transformation of AlUla’s Prince Abdulmajeed Bin Abdulaziz Airport and Maraya Concert Hall has begun togther with the start of several other development projects for the region.   The projects are in line with the vision for AlUla of HRH Prince


Global construction additives market to grow at 6.6pc

The market for construction additives such as superplasticisers and iron-oxide pigments is expected to expand at a CAGR (compound annual growth rate) of 6.6 per cent from 2018–2025, said growth partnership company Frost & Sullivan in a new report. A global uptick in con

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