TDIC awards deal for residential project at the Saadiyat Beach District.
Author: Paromita Dey
Abu Dhabis property market has reached a tipping point with rents declining for the first time in three years due to cuts in government spending following the drop in oil prices, a new report reveals. The decline follows 18 months of relative stability during which weak demand was matched by minimal supply growth, real estate investment and advisory firm JLL revealed in its second quarter Abu Dhabi Real Estate Overview that assesses the latest trends in the office, residential, retail and hospitality sectors. David Dudley, International Director and Head of Abu Dhabi Office at JLL MENA, said demand has been weak since the decline…
Schneider Electric has expanded its cooling portofolio in the Gulf with the introduction of the second generation of the InRow DX for data centers. The datacenter cooling market in the GCC will grow at a CAGR of 23.37 percent over the period 2014 to 2019, a 2015 Research and Markets study shows. At the same time, there is a heavy focus on curtailing energy costs and mitigating the carbon footprint towards sustainability. Advanced cooling solutions have become critical to the smooth functioning of a datacenter, and to the maintenance of hardware carrying mission-critical enterprise data. And with the second generation…
Aldar Properties is targeting the Abu Dhabi city of Al Ain as a key expansion market for its retail portfolio, driven by its significant local population and vibrant business landscape. The citys retail sector is set for rapid growth over the next two decades in line with population growth which is expected to increase three fold by 2030. Al Ains strong fundamentals and its cultural significance within the Emirate of Abu Dhabi have led it to become a key destination for Aldars development strategy with the Garden City playing host to Al Jimi Mall, Remal Mall, Shabhat Plaza, and its…
Japanese firm expands offering with acquisition of US mining solutions leader.
KSA developers Mada Residences provides livability and attractive payment plans.
Project is part of $650mn Tilal City, the first mixed use community in the emirate.
Cluttons says allowing 100% control of businesses will provide long term boost.
Firefighters bring inferno under control
Construction consultant introduces industry leading policy in the Middle East.