Wednesday 24 August 2016

Rental returns stay strong in Dubai, Abu Dhabi

Dubai and Abu Dhabi, the UAE's leading property markets, continue to be safe havens for global realty investors despite a downward trend in prices, says a report. Though rents have seen periodic adjustments, the UAE’s unique selling propositions such as a highly smart,


Sezad in bid to tap financing for projects

Oman’s Special Economic Zone Authority at Duqm (Sezad) is looking to tap project finance to fund major infrastructure development projects in the sultanate, a report said. The government entity recently asked contractors bidding for certain projects to include financing opt


Oman plans two desal projects in northern region

Oman plans to build two major independent water desalination plants to meet growing demand for potable water in the northern region, a report said. Sites are being evaluated for a 60-million-gallons-per-day (mgpd)-capacity project planned in Muscat, added the Times of Oman


Works ministry launches internal tenders eservice

Bahrain’s Ministry of Works, in coordination with the Information & eGovernment Authority, has launched its new internal tenders eService. The eService is to be added to the other eServices available on the ministry’s portal and the national porta


Gemstone appoints Tamleek to market Business Bay project

Gemstone Real Estate Development has appointed Tamleek Real Estate Company as the exclusive sales agent for its Kempinski Residences Business Bay development, a five-star serviced residence project in Business Bay, Dubai, UAE, Headquartered in Dubai, Gemstone is the property deve


New CEO for Ewaan Global Residential

Ewaan Global Residential Company, a leading real estate development company in Saudi Arabia, has appointed Fadi Qassim as its new CEO. Qassim succeeds Riyadh Al Thagafi, who decided to leave the position after a successful four-year stint at the helm. “Engineer Fadi is a


Lulu to build massive $300m mall in Kerala

Lulu Group, the Abu Dhabi-based international retailer, is developing its second Lulu Shopping Mall, a hotel and an international convention centre in Thiruvananthapuram, the capital of Indian state of Kerala. Spread over 19 acres of land located on the National Highway in Akkula


3,700 construction projects under way in Dubai

More than 3,700 projects worth around $400 billion are currently ongoing in Dubai, UAE, according to a new report. A large number of these projects, with an estimated value of over $100 billion, are in advanced stages of construction, said the BNC’s “Dubai Constructio


2,800 hotel rooms planned for Jeddah

Jeddah's hospitality sector will receive a boost in supply with over 2,800 rooms under 11 projects in the pipeline, said a report. According to a report in Arab News, Mohammad bin Abdullah


Damen Shipyards Sharjah wins ADS contract

Damen Shipyards Sharjah (DSS) has won a contract to build a shallow draught, self-propelled Jack-up Pontoon 3526 for the UAE-based contractor Aqua Diving Services (ADS). Once delivered, it will be used primarily to deliver offshore support services, including the provision of acc

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