Friday 22 September 2017

Majid Al Futtaim JV launches Phase Two of Sharjah housing project

Sharjah Holding, a partnership between Majid Al Futtaim Properties and Sharjah Asset Management Holding, has announced the launch of the second phase of Al Lilac neighbourhood at Al Zahia, the emirate's premier mixed-use community.   Launched earlier this ye


Dubai gears up for Middle East’s largest design event

More than 50,000 visitors including architects, designers, thought-leaders, influencers and public audiences from the region and around the world will be in Dubai, UAE, to take part in the region's mega Dubai Design Week event which runs from November 13 to 18 at locations across the city.


Qatar's mega reservoirs project 70pc complete

Work on the $4.7-billion Water Security Mega Reservoirs Project in Qatar is progressing at a steady pace with 70 per cent job already completed, said a report. The project, which comprises five mega-reservoirs, is aimed at supplying Qatar’s population a seven-day strategic


Qinvest buys stake in Barcelona marina

Qinvest, Qatar's leading private investment group and one of the region’s most prominent Islamic financial institutions, has announced its investment in OneOcean Port Vell, a world-class marina in Barcelona,  Spain. The investment was made through its wholly-owned


Ibdar's UK student accommodation on track

Bahrain-based Islamic investment bank, Ibdar Bank, said its joint venture with Investra Group, a top UK developer and Apache Capital, a major British asset manager, has signed up UK Contractor Bennete to construct the “Cumberland Place”, a $29.5 million purpose-built student accommo


Saudi hotel construction contracts to hit $2.5bn

Buoyed by a booming hotels and leisure construction market, the contract awards in Saudi Arabia for this sector will likely hit $2.5 billion by the end of this year, said a report ahead of The Big 5 Outdoor Design & Build Show in Dubai. A key industry event, The Big 5 Outdoor


Jumeirah Luxury joins hands with Dubai Carbon

UAE-based Jumeirah Luxury Living said it has signed an agreement with Dubai Carbon Centre of Excellence (DCCE) in a further step to support the emirate's ‘green vision’ for sustainable development. A collection of 291 attached villas and townhouses, ‘Jumeira


Bucheerei takes over as Naseej chairman

Naseej, a leading real estate and property developer in Bahrain, has appointed Mohammed Bucheerei, as the new chairman of its board of directors. He replaces Khalid Abdulla Janahi, who had been the chairman since the company was established eight years ago. The ann


LG to future-proof smart homes of tomorrow

LG Electronics, a pioneer in home electronics and appliances is paving the way for a truly interconnected future by introducing some of the most intuitive and advanced products to help home makers and users achieve a more convenient lifestyle. As time moves on, newer and smarter


Mena 'in need of over 3,000 hospitals by 2020'

More than 3,000 new hospitals will have to be built in five major cities across the Middle East and North Africa (Mena) region by 2022 to cater to the growing healthcare demand of the citizens, said a report by leading property expert JLL. With the current shortage of hospitals,

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