Mixed-use freehold project will accommodate around 5,000 residents by 2022
Author: Paromita Dey
Global alternative investment firm, Arcapita, acquired a portfolio of income-generating logistics assets in Dubai, for a total of approximately $150mn.
Etihad Cargo has taken delivery of its 10th freighter A330F, further boosting Etihad Airways fastest growing division, serving 42 destinations worldwide.
Danube Properties has unveiled its latest residential project a AED 300mn ($81.7mn) resort-style property in the Arjan neighbourhood of Dubai appropriately titled Resortz. Chairman and founder Rizwan Sajan launched the 444 unit project at a presentation this morning under the slogan Live your life resort style. Danubes eighth project to date is a G+4 building divided into three blocks with 305 studios, 54 one beds, 56 two bed and just four 3 bedroom apartments with space for 25 retail units. Studios will cost between AED 450mn and 500mn each, one bedrooms will be AED 800mn and two bed flats…
Thales has won the contract to upgrade Dubai Metro’s Red Line, one of the world’s longest driverless lines, to be used by visitors expected at Expo 2020.
Record investment deals on the show floor of Cityscape Abu Dhabi in 2016 have resulted in more than 90% of show floor space already sold for this years event. With sales permitted directly from exhibitor stands for the third year running, in accordance with the rules and regulations administered by the Abu Dhabi Urban Planning Council (UPC), a host of new property developers have confirmed their participation at the three day event, amid numerous reports that the UAE real estate market will witness positive sentiment in 2017. Aabar Investments PJS, Abu Dhabi Capital Group, Hydra Properties LLC, Tiger Properties and…
Al Moayyed Contracting (AMC) breaks ground of $150mn project.
French firm to supply systems for Red Line upgrade and extension to Expo 2020 site.
Hill International has signed a contract with Abu Dhabi Future Energy Company (Masdar) to provide project management services during construction of the Masdar Institute Neighborhood in Abu Dhabi. The three-year deal has an estimated value of approximately AED 12.2mn ($3.3mn), Hill said in a statement. The Masdar Institute Neighborhood will provide residential and commercial resources to people and companies located within Masdar City, a freezone and emerging hub for renewable energy and clean technologies. The mixed-use development will contain more than 103,000 square meters of space and feature a commercial office building, two residential buildings, underground parking and a plaza. The…
Nasma Residences set to transform the emirates real estate landscape.