Mohammed Bin Rashid Al Maktoum Solar Park Third Phase To Start

• Wednesday, 18th January 2017
• by Yasmin El-Beih

Construction of the 800 MW third phase of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai will start at the end of this month, developers announced at the Abu Dhabi Sustainability Week on January 17.

Villanova Project Launches Large Villas Next Week

• Tuesday, 17th January 2017
• by Yasmin El-Beih

Dubai Properties (DP) are to launch Villanova Project’s phase two on January 21, catering to families looking for spacious villas in an elegant and vibrant neighbourhood in Dubailand, states DP’s website.

Saudi to Build 280,000 Homes Within Three Years

• Tuesday, 17th January 2017
• by Yasmin El-Beih

Around 280,000 residential units will be constructed in Saudi Arabia at a total investment cost of USD 32 bn within three years, according to a Saudi Housing Ministry statement.

YZER Becomes UAE’s Leading Real Estate Specialist Portal

• Tuesday, 17th January 2017
• by Yasmin El-Beih

YZER Property, Dubai’s property portal, has increased its property listings offered for sale or rent by 300% in two months, making the website the fastest developing specialist property listings’ website in the UAE, according to their released statement.

Ayla Grants Title Deeds to Homeowners in Marina Project

• Tuesday, 17th January 2017
• by Yasmin El-Beih

Jordan’s Ayla Oasis Development Company announced that 50% of homeowners residing within the Island Apartments in Aqaba’s Marina District project have received title deeds for their units after the registration of their homes with the Lands and Survey Department, Trade Arabia notes.

Saudi to Launch USD 30 to 50 bn Renewable Energy Program

• Monday, 16th January 2017
• by Yasmin El-Beih

Saudi Arabia will launch a renewable energy program within coming weeks that is anticipated to include investments worth USD 30-50 bn as 2023 approaches, Minister of Energy Khaled Al-Falih announced on Monday, Reuters reported.

Dubai Invests AED 259 bn in Real Estate during 2016

• Monday, 16th January 2017
• by Yasmin El-Beih

Dubai has recorded real estate transactions in 2016 worth AED 259 bn, according to a report released by the Dubai Land Department (DLD) stating that Dubai achieved 60,595 real estate transactions.

Nakheel to Offer Tenders in Deira Islands Boulevard

• Monday, 16th January 2017
• by Yasmin El-Beih

Nakheel seeks to assign contractors construction works for Dubai’s Deira Islands Boulevard, which will accommodate 10,000 people at a total investment cost of AED 5 bn, Trade Arabia reports.

Egyptians Pump EGP 13bn in Dubai’s Real Estate Sector

• Sunday, 15th January 2017
• by Yasmin El-Beih

A report from Dubai’s Land Department states that Egyptians were top investors in Dubai’s real estate during 2016, with around 1,364 Egyptian investors spending a total of EGP 13 bn in real estate purchases, Al Masry Al Youm notes.

Italian Firm To Renovate King Fahd International Stadium, Riyadh

• Thursday, 12th January 2017
• by Farah Montasser

The Saudi General Sport Authority (GSA) has commissioned Schiattarella Associati, an Italy-based leading architectural firm, out of five competing firms, for the modification of King Fahd International Stadium in Riyadh