Thursday 20 June 2019

Aldar launches $463m Abu Dhabi residential community

Leading UAE developer Aldar Properties has announced the launch of Alreeman II, a Dh1.7-billion ($463 million) master-planned residential community in the Alshamkha area of Abu Dhabi, available exclusively for purchase by Emiratis. The Alreeman II follows the runaway success of A


Dubai property deals top $1.5bn during Ramadan

Property deals cumulatively worth Dh5.6 billion ($1.52 billion) were transacted in Dubai solely during Ramadan this year, according to analysis by the Research & Data team at Property Finder, a leading property portal in Mena. Breaking this down further, there were off-plan t


Equitativa posts steady Q1 growth, portfolio value up 8pc

Equitativa, the largest REIT (real estate investment trust) manager in the GCC region, has registered steady growth in the first three months of 2019 with its portfolio value surging to Dh3.5 billion ($941 million), up eight per cent from $870 million last year. Announcing the re


Egypt top single projects market with $300bn developments

Egypt’s largest construction event, The Big 5 Construct Egypt, will return for its second edition to the Egyptian International Exhibition Centre (EIEC) in Cairo and will run from September 2 to 4, stated the organisers dmg events, a subsidiary of the Daily Mail and General Trust plc (DMG


Wade Adams wins Dubai internal roads project

Wade Adams, a Dubai-based construction and project development company, said it has secured a major contract from Roads and Transport Authority (RTA) for the construction of 77-km-long internal roads and street lighting in Al Khawaneej 2. As per the contract, Wade Adams will buil


Omani mixed-use project wins Leed Gold certification

Oman-based S&T Real Estate said its mixed-use iconic development, Water-Front, has been awarded the Leed (Leadership in Energy and Environmental Design) Gold certification by the US Green Building Council. Offering over 25,000 sq m of leasing space for commercial, business, r


CSCEC wins Deira Waterfront Development project contract

Beijing-based China State Construction Engineering Corporation (CSCEC) said it has secured a construction contract worth Dh430 million ($120 million) from Deira Waterfront Development for its key project in Dubai. As per the deal, the CSCEC will develop Plot 9 and 10 in the Phase


Omniyat set to deliver Dubai waterfront homes next year

Dubai-based ultra-luxury developer Omniyat said work is in full swing at Anwa by Omniyat, its key residential project located at Dubai Maritime City (DMC) and is on track for handover by the second quarter of 2020. ANWA by Omniyat is the foremost residential project at DMC, an ex


Vincitore Realty sets new record with Dubai homes sales

Vincitore Realty, a branded boutique real estate developer, said it has set a record-breaking feat by selling 108 units in just 21 days since the launch of its third project in Dubai, the Dh375-million ($102 million) Vincitore Benessere. An iconic residential landmark, Vincitore


Poma Group lands major Ain Dubai project work

Poma Group, a leading player in the ropeway transportation solutions, has been signed up by Hyundai Engineering & Construction (E&C) as a major partner for Ain Dubai, the world’s tallest observation wheel being built on Bluewaters, Meraas' sophisticated island destination in t

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