Property developer, Seven Tides, revealed that its first mixed-use development in Jumeirah Lakes Towers (JLT), SE7EN CITY JLT, is around 15% complete.
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Schneider Electric, Danfoss, and Somfy have partnered to create a connectivity ecosystem that will accelerate the adoption in residential and hotel markets.
Shurooq has signed a MoU with REI Holding Group and Haewon Medical Foundation Sejong General Hospital to establish the first Korean hospital in Sharjah.
??The Middle East will see the flattest rise in the cost of construction globally in 2018 as the recovering oil prices take time to translate into investment.
The Residences JLT by Signature Developers is on track for completion this year and, once finished, the building will hold a prime position in JLT.
The new housing town in Bahrain will boast amenities including health, educational, religious, sport, and transportation facilities for 90,000 residents.
Real estate developer, Sobha Realty, launched Sobha Creek Vistas in Sobha Hartland, a 74ha of freehold community in Mohamed bin Rashid Al Maktoum City.
Azizi Developments announced that its upcoming residential project in Al Furjan, Azizi Shaista, is on track towards completion.
Dubai-based developer, ?Damac Properties, posted a 45% drop in its net profit for Q1 2018, to AED484mn from AED880.4mn for the same period last year.
With oil prices above $70 per barrel for the first time since 2014, overseas real estate transactions by Middle Eastern buyers are set to pick up, says JLL.