Azizi Developments, a leading private developer in the UAE, has intensified construction activities across its portfolio, with work at its flagship Azizi Venice development in Dubai South now progressing around the clock, 24 hours a day, the developer said.
Portville Real Estate said it has started handing over residential units at its key Ville 11 project in Masdar City after receiving a building completion certificate from the Abu Dhabi authorities. The premium development features 111 residential units, including apartments, duplexes and triplexes.
Property tech platform Invespy has opened a permanent destination in Dubai linking developers directly with UAE's real estate brokers. A neutral workspace for brokers, The Invespy Broker Hub offers them access to property project opportunities, sales training and commission-related services.
Rowad Modern Engineering has been awarded an execution contract within Al Haer Sewage Treatment Plant project in Riyadh, which is currently progressing according to a coordinated delivery plan.
American Concrete Institute (ACI) said its centre of excellence, NEU, has launched its second low-carbon certificate programme, 'Fundamentals, Materials, and Innovations'. It is a complement to NEU’s first certificate, 'Low-Carbon Concrete: Qualification, Design, and Compliance'.
UAE-based engineering and construction group ALEC Holdings has recorded a 67.6% jump in its H1 revenue which rose to AED8.99 billion ($2.45 billion), helped by higher activity across its major projects, while profitability was hit by disruptions to energy services amid regional geopolitical tensions.
Dubai-based Atara Development has recorded AED110 million ($30 million) in villa sales during the first half through the successful sale of its Kaia and Haia residences on Pearl Jumeirah, thus reflecting growing demand from ultra-high-net-worth buyers for architecturally-curated waterfront homes.
Dubai's residential property market recorded a modest improvement in July, with overall sales transactions rising 2% and total transaction value increasing 3% month-on-month, according to Dubai Land Department (DLD) transaction data.
The World Cement Association (WCA) has announced that Chinese group Foton Motor International Company has become its associate corporate member. The company offers a comprehensive portfolio of fuel-powered and new energy vehicles, including trucks, buses and construction machinery.
Dubai's Roads and Transport Authority (RTA) is set to open a 500-m-long two-lane bridge tomorrow that will link traffic from Dubai World Trade Centre and One Central to Al Mustaqbal Street. The new bridge is part of the AED633 million ($172.4 million) Al Mustaqbal Street Development project.
