MotorCity To Establish New Motorsport Business Park, Dubai

• Monday, 27th March 2017
• by Leena ElDeeb

UAE’s property investment property developer Union Properties and Dubai-based construction company Multilink Contracting are working on the establishment of a motorsport business park encompassing 6,000 square meters at the center of a 5.39-kilometer race circuit in Dubai, Invest-Gate reports.

) SAR 1.8 bn Development Projects Underway, Saudi Arabia’s Al-Leith, Adham

• Monday, 27th March 2017
• by Leena ElDeeb

Developmental projects worth over SAR 1.8 bn are now underway in Saudi Arabia’s western provinces of Al-Leith and Adham, Arab News reports.

New Plan To Upgrade Dilapidated Houses, Bahrain

• Monday, 27th March 2017
• by Leena ElDeeb

Manama’s city council passed on March 22 a suggestion to the Bahraini parliament to establish a monetary fund for upgrading ageing and cracked buildings, Al-Ufuq News reports.

Eagle Hills to Deliver First Phase of Al Raha Village, Jordan

• Sunday, 26th March 2017
• by Fatma Khaled

Jordanian real estate investment and development company Eagle Hills is currently delivering the first phase of residential units at Al Raha Village in Marsa Zayed, a USD-10-bn development project in Aqaba, Invest-Gate reports.

Marriott Hotel Al Forsa Opens in Abu Dhabi

• Thursday, 23rd March 2017
• by Fatma Khaled

Marriott Hotel Al Forsa Abu Dhabi opened last night, becoming the second Marriott brand in the United Arab Emirates, Invest-Gate reports.

Dubai’s Merass Bluewaters Island Almost Complete

• Thursday, 23rd March 2017
• by Fatma Khaled

Dubai-based real estate developer Meraas announces that construction works at its AED-6-bn Bluewaters Island project are 75% complete, Gulf Business reports.

Fitch Downgrades Saudi Arabia’s Rating to A+

• Thursday, 23rd March 2017
• by Leena ElDeeb

Fitch Ratings downgrades Saudi Arabia by one notch to A+ with a stable outlook from AA- with a negative outlook, citing deterioration of state finances due to low oil prices and doubts over whether Riyadh can achieve its economic reform plans, Invest-Gate reports.

UAE Launches Initiative to Salvage Insolvent Tenants

• Wednesday, 22nd March 2017
• by Fatma Khaled

The UAE is launching a AED-1-mn initiative, entitled Year of Giving, aiming to salvage insolvent tenants in the country, Invest-Gate reports.

Omran Properties Unveils Projects Worth USD 672 mn, Sharjah

• Wednesday, 22nd March 2017
• by Leena ElDeeb

Sharjah-based real estate joint venture, Omran Properties, unveils three new projects in the UAE worth AED 2.47 bn, Invest-Gate reports.

Abu Dhabi’s Aldar to Invest USD 517 mn on Yas, Reem Islands

• Tuesday, 21st March 2017
• by Leena ElDeeb

Abu Dhabi-based real estate developer Aldar Properties plans to invest AED 1.9 bn (USD 517 mn) in recurring revenue assets on its Yas and Reem Island projects in the UAE, Invest-Gate reports.