Dubai to See Business District Worth AED 5 bn

• Wednesday, 5th July 2017
• by Menna A. Farouk

UAE holding company Dubai Holding unveils an integrated business district in the heart of Dubai, Invest-Gate reports.

Arabtec Unit Wins MEP Contract on Dubai Creek Harbour Project

• Tuesday, 4th July 2017
• by Menna A. Farouk

Emirates Falcon Electromechanical Co. (EFECO), a wholly-owned subsidiary of Dubai-based Arabtec Holding PJSC, wins an AED 113 mn (USD 30.7 mn) contract for mechanical, electrical and plumbing work at the Creekside 18 project, Invest-Gate reports.

UAE’s Nakheel Opens Monorail Station in The Palm

• Tuesday, 4th July 2017
• by Menna A. Farouk

Residents and visitors at The Palm Jumeirah will now have better public transportation service, with one major station just opening up, Gulf News reports.

Abu Dhabi Sees 1.97 mn Hotel Guest Arrivals in 5 Months

• Tuesday, 4th July 2017
• by Menna A. Farouk

Abu Dhabi records a rise by 4% year-on-year in hotel guest arrivals during the period from January to May 2017, Invest-Gate reports.

Saudi Real Estate Deals Decline 31% in Ramadan

• Monday, 3rd July 2017
• by Menna A. Farouk

Saudi Arabia’s real estate transactions fall by 31% y-o-y in the holy month of Ramadan, Argaam reports.

Dubai’s Damac Properties Lures Home Buyers with Free Mercedes Benz

• Monday, 3rd July 2017
• by Menna A. Farouk

DAMAC Properties, a luxury real estate developer, is giving away a new Mercedes Benz car with the purchase of an Aurum villa at AKOYA Oxygen, Reuters reports.

SEDCO Development to Develop Jeddah’s Al-Rawdah Complex

• Sunday, 2nd July 2017
• by Menna A. Farouk

Saudi property developer SEDCO Development finalizes a deal for a new commercial, residential and recreational project in Jeddah, Reuters reports.  

Azizi Developments Begins Work on Residential Community in Dubai

• Thursday, 22nd June 2017
• by Farah Montasser

Dubai’s property developer, Azizi Developments, starts work on a new residential project worth AED 1.7 bn in Dubai, Invest-Gate reports

Abu Dhabi Announces USD 30 mn to Upgrade Works to Sheikh Zayed Tunnel

• Thursday, 22nd June 2017
• by Menna A. Farouk

Abu Dhabi City Municipality announces details of upgrade works to be carried out on the Sheikh Zayed Tunnel and Street in Abu Dhabi, at a cost of AED 109 mn.

Dubai’s Drake & Scull In Talks with Banks to Sell Plots of Land

• Thursday, 22nd June 2017
• by Menna A. Farouk

Dubai-based building contractor Drake and Scull International PJSC (DSI) is in talks with banks to divest some of its assets, Reuters reports.