News / Middle East

Emaar to Sell Some of Their Hotels, Schools, and Clinics to Raise Funds

Dubai-based Emaar Properties is planning to sell some of its properties to increase liquidity and to finance their upcoming projects. Hotels, schools, and hospitals will be the main assets that Emaar is willing to sell

Work Begins on USD 2 bn Saudi Heritage Project

Saudi Arabia has started working on its mega heritage tourism project Souq Okaz City in Taif, at an estimated cost of more than USD 2 bn

Fidu to Invest USD 103.25 mn in UAE Real Estate Market

Chinese company Fidu Properties has announced real estate deals with Emaar Properties worth USD 103.25 mn

Majid Al Futtaim, Omran Ink Deal for USD 13 bn Madinat Al Irfan

Dubai-based real estate developer Majid Al Futtaim and Oman Tourism Development Company (Omran) have signed a joint venture (JV) to build an OMR 5 bn (USD 12.9 bn) mixed-use community

Aldar to Build Viceroy’s New Hotel in Abu Dhabi

UAE property developer Aldar Properties has revealed the construction of  Viceroy Hotels Group’s first branded property in the UAE

Rove Hotels Launches Rove La Mer Resort

UAE-based Rove Hotels has announced launching of its 366-room Rove La Mer resort situated in the heart of La Mer, Dubai’s world-class beachfront development

Emaar Opens Dubai’s Address Downtown Hotel

Emaar Hospitality Group has opened the Address Downtown Hotel located in Dubai to guests. The hotel encompasses more than 200 rooms and suits some of them views Burj Khalifa and Dubai fountain

Dubai Named UNESCO Creative City of Design

Dubai has been recognized as the "Creative City of Design" by the United Nations Educational, Scientific and Cultural Organisation (UNESCO), becoming the first city in the Middle East region to be given the honor

DAMAC Awards AED 72 mn Contract for AKOYA Oxygen

DAMAC Properties has awarded China State Construction Engineering Corporation (CSCEC) an AED 72 mn contract to build roads and infrastructure at AKOYA Oxygen, a billion-dollar luxury villa community in Dubai

Emaar Starts Construction of Beach Vista Residences

Emaar Development, the real estate arm of UAE developer Emaar Properties, has taken possession of the land for construction of Beach Vista residences

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