Thursday 19 October 2017

Address Residences Jumeirah awards Dubai tower deal

UAE-based Address Residences Jumeirah Resort + Spa has awarded the main construction contract for its mixed-use twin tower development coming up in Dubai to Multiplex Constructions, a leading international contractor. An iconic development with a built-up area of 257,000 sq m, Ad


Majid Al Futtaim's $71m Sharjah mall revamp on track

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, said 75 per cent of the work on its Dh260-million ($71 million) City Centre Sharjah revamp project has been completed and is set for opening by the year-end.


Dubai Q3 off-plan transaction values up 118pc

The total number of off-plan transactions in Dubai during the third quarter has increased by 86 per cent compared to the previous quarter, while the value of these transactions rose 118 per cent to hit Dh4.04 billion ($1.09 billion), said Chestertons Mena, a leading international property consu


Dubai Design District posts solid growth

Dubai Design District, the region’s ultimate design destination, has registered solid growth reaching 95 per cent capacity this year comprising more than 7,000 creative workers. There are 40 design-led retail concepts already open with a further 14 to launch in the coming w


Expo to highlight novel water treatment technologies

Leading global experts from the construction and utility sectors will put spotlight on innovative solutions and cutting-edge technologies in water treatment at the upcoming Water, Energy, Technology and Environment Exhibition (Wetex) in Dubai, UAE. A major industry event in the r


Utico unveils innovative $100m rooftop solar programme

Utico, the Middle East’s leading full service private utility, today unveiled a path-breaking solar investment programme, SolarFree, for homeowners and announced an investment outlay of more than $100 million for the project.   In a statement, Utico said t


Damac's nine-month profit hits $626m, sales up 13pc

Damac Properties, a leading luxury project developer in the Middle East, has reported a net profit of Dh2.3 billion ($626 million) for the first nine months and has also booked sales of Dh6 billion ($1.63 billion), up 13 per cent over last year. Announcing the results, the Emirat


Azizi launches $6.8bn Dubai community project

Azizi Developments, a UAE-based real estate developer, has announced plans to launch a new mega community project in the heart of Dubai at an investment of Dh25 billion ($6.8 billion). The project, which is yet to be named, will have a distinctly British feel, with themes and ele


Cavendish Maxwell unit in Bloomberg tie-up

Property Monitor, a product of Cavendish Maxwell, one of the UAE's leading property and construction consultancies, has became the only real estate data source in the UAE to provide a real-time real estate index to Bloomberg to display on its terminal. The Bloomberg Terminal


Daikin boosts UAE dealership network

Daikin, a global Japanese HVAC (heating, ventilation and air-conditioning) leader Daikin, has strengthened its dealership network with the opening of two new dealer shops in the UAE recently. A key manufacturer and developer of full range of air-conditioning products and systems,

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