Thursday 3 September 2015
 
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towers

Smart Traffic Towers Project underway in Abu Dhabi

The Smart Traffic Towers Project developed being developed by the Abu Dhabi Police is still in the pipeline and is not operational yet, according to a top official. Brigadier Hussein Ahmed Al Harithi, director general of Central O

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Damac awards $762m contracts in first 5 months

Leading luxury real estate developer Damac Properties said it has awarded more than Dh2.8 billion ($762 million) in construction contracts in the first five months of 2015. The awards include the main works packages on more than 1

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Damac Q4 profit rises 11pc to $249.8m

Dubai-based property developer Damac reported an 11 per cent rise in fourth-quarter profit on Monday as it handed over nearly 1,000 units. The developer, which originally listed global depository receipts in London before joining

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Damac 'behind one-third of Dubai high-rises'

Almost one third of all high-rise (above 250 m) residential towers in Dubai, UAE, have been, or are being, developed by luxury real estate developer Damac Properties, said its top official. The company is responsible for 27 per ce

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Etisalat, Nigeria's IHS in towers deal

The Nigerian affiliate of Etisalat, the Gulf's biggest telecommunications operator, said it would sell 2,136 of its towers to Nigeria's IHS and lease them back as part of plans to expand its coverage in the country. The de

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Arabtec wins $6.1bn contract from Aabar

Dubai-based builder Arabtec said it would build 37 towers worth Dh22.44 billion ($6.1 billion) for Abu Dhabi state fund Aabar in Abu Dhabi and Dubai. Arabtec is to construct thirty seven mixed-use, residential, and hotel towers in Abu D

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Arabtec wins $705m Al Reem contract

Arabtec Construction, a subsidiary of Arabtec Holding, has been awarded a Dh2.59 billion ($705 million) contract for the construction of a mixed-use development in Al Reem Island, Abu Dhabi. Dubai-based Arabtec Holding is a leadin

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AT&T mulls sale of wireless towers

AT&T Inc is exploring options such as a sale of its wireless broadcast towers but noted that its ability to reach a deal would depend on the terms it is able to reach with the buyer for its ongoing use of the towers. When wire

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Abu Dhabi homes sector opens up for mid-level buyers

Abu Dhabi will see existing residential supply augmented by the handover of 3,500 units and a rush of standalone tower projects during the second half of the year, offering mid-level investors a wide choice of properties, a report said.

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$5bn projects coming up in Makkah

A total of 100 towers worth SR18 billion ($4.8 billion) are currently under construction near the Grand Mosque in Makkah which once completed will add more than 24,480 hotel rooms to the hospitality industry, said an expert. The S

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