Tuesday 5 March 2024

First Security Group starts work on Dubai corporate HQ

The First Security Group has broken ground on its corporate headquarters and a futuristic security training centre which will be built on a 979,447 sq ft plot of land at Dubai Academic City. The entire project is scheduled for completion within a 15-month period.  


Oman unveils designs for $2.4bn mountain destination

Oman's Minister of Housing and Urban Planning has unveiled the design of its new mixed-use project, Omani Mountain Destination (OMD), to be set up at its key destination Jabal Al Akhdar, in the sultanate at a total investment of $2.4 billion.    Masterp


Azad, Hilton in deal to develop mixed-use project in Jeddah

Azad Properties, Proper Developments, and Hilton have announced the official signing of a transformative real estate collaboration, further contributing to the evolution of Jeddah’s thriving real estate landscape.    The signing ceremony, held at the


EGA breaks ground on 'green' industrial data centres

Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has broken ground on the region’s first 100% renewable energy powered industrial data centres at its Jebel Ali and Al Taweelah sites.   The new data centres wil


Work on 2,430-m-long King Salman Park tunnel completed

The King Salman Park Foundation Board of Directors has announced the successful completion of the Abu Bakr Al Siddiq Road Tunnel project being developed as part of the larger King Salman Park project in Riyadh.   The tunnel is one of several underpasses and brid


Abu Dhabi residential sector robust in 2023: sales up 83pc

Abu Dhabi’s residential sector has witnessed one of the best years on record, where a total of 11,200 units were sold across the capital, thus registering a 83% year-on-year growth, according to leading property expert Savills.    The increase in dema


Acwa Power delivers record 2023 results; net profit soars to $442m

Saudi-listed Acwa Power, the world’s largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, today (February 29) delivered solid results for FY 2023 posting a record net profit of SAR1.66 billion ($442 million), up 8% over the p


MAG seeks bids for $762m residential project in Meydan

MAG, a leading real estate developer in the UAE, has invited bids from qualified contractors for the construction of Keturah Reserve, a luxury residential project in Meydan, Dubai, offering transformational living through the design of space.   The project, whic


Emaar launches $26bn two new developments

Emaar Properties, a global property developer of pioneering architectural landmarks, on Thursday announced the launch of two new major projects in Dubai -- The Heights Country Club and Grand Club Resort next to The Oasis, with a total development value of AED96 billion ($26.14 billion). 


UAE real estate set for expansion across major asset classes

Building on the strong growth momentum and high levels of buyer demand experienced in 2023, the UAE’s real estate sector is expected to continue its upward trajectory this year as well despite a softening global outlook, said a panel of experts at an event hosted by real estate industry

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