Oman's Al Mazunah Free Zone has localised four projects during the first half, covering industrial and logistics sectors spanning 2,415 sq m. With this move, its cumulative investment in the free zone has risen to RO141 million ($366 million), with leased space topping 1.4 million sq m out of a total 15.36 million sq m.
UAE-based Grovy Developers has broken ground on Ramada Residences by Wyndham at Dubai Islands, its boutique branded homes featuring a collection of one- to three-bed apartments along with four-bedroom penthouses. The project is being developed in partnership with USquare Luxe Properties.
Capstone Real Estate has announced a strategic partnership with Keyper to introduce the Rent Now, Pay Monthly (RNPM) digital system to its tenants in Abu Dhabi, thus providing greater flexibility and convenience in managing rental payments.
Aldar has become the first in Abu Dhabi to complete mortgage financing on an off-plan property for its customers through Abu Dhabi Real Estate Centre’s newly launched framework that enables the financing bank to be named on the mortgage registration certificate before property handover.
Dubai Land Department (DLD) figures for August show transaction volumes were down 37% and sale values down 44% year-on-year in the month. Taken alone, the headline numbers describe a market in decline.
Following the successful launch of flagship entertainment assets including Six Flags Qiddiya City and the Middle East’s largest water theme park, Aquarabia, Qiddiya City is accelerating construction on its primary sports masterplan.
Construction is gathering pace on the first phase of the Islamic World District (IWD), one of the flagship developments within Knowledge Economic City (KEC) in Madinah, with 1,835 hospitality keys currently under construction across Clusters 1 and 2 and the district’s first permanent structures beginning to emerge.
In an exclusive interview with Gulf Construction, Knowledge Economic City’s CEO Dr Moath Al-Yahya outlines the accelerated delivery of KEC’s major destinations and its vision for an integrated city combining hospitality, residential, cultural and lifestyle offerings.
KPC Precast has officially become the first precast concrete manufacturer in the Middle East to localise and deploy CarbonCure technology. The move aims to cut emissions across the region’s construction and built environment sectors, the Saudi-based manufacturer said.
Saudi Diesel Equipment Company (SDEC) is looking to strengthen its position in Saudi Arabia’s expanding construction equipment market through its partnership with Indian manufacturer Mahindra, targeting demand from infrastructure, industrial and municipal projects as well as the country’s growing equipment rental sector.
