Bahrain to Launch New Medical City

• Sunday, 18th December 2016
• by Farah Montasser

Bahrain is set to start work on the new King Abdullah Medical City development in June of next year, reported Arabian Business on Sunday

Skai Completes Viceroy Project

• Sunday, 18th December 2016
• by Farah Montasser

UAE-based property developer Skai Holdings has completed its Viceroy Palm Jumeirah Dubai hotel and residences project two weeks ahead of schedule, reported ME Construction News

Nikki Beach Dubai to Open Soon

• Sunday, 18th December 2016
• by Farah Montasser

Nikki Beach Resort & Spa Dubai, a project by Nikki Beach and Dubai-based Meraas Holding, is set to open on December 20, according to its press release

Union Properties to Revive Theme Park Project

• Sunday, 18th December 2016
• by Farah Montasser

UAE-based Union Properties unfolds plans to build an AED 600 mn theme park development in Dubailand, reported Arabian Business on Sunday

UDC Sells Pearl Tower

• Sunday, 18th December 2016
• by Farah Montasser

Qatari property developer United Development Company (UDC) sold The Pearl Tower 2 to an unnamed strategic property investor, according to its press release

AlBaker to Develop Qatar’s First Sofitel

• Wednesday, 14th December 2016
• by Farah Montasser

French hotel operator, Accor Hotels, signed a management agreement with Qatar's AlBaker Investments, a development company, to develop Qatar's first Sofitel hotel in Doha, according to a press release from Wednesday

Qatar Auctions the Doha Entertainment Complex

• Wednesday, 14th December 2016
• by Farah Montasser

Qatar's Economy and Trade Ministry auctions the construction of the Doha Entertainment Complex, the city’s latest developmental project planned to comprise retail and entertainment, reported Reuters Zawya on Monday

Chinese MCC to Build Kuwait Hospitals

• Wednesday, 14th December 2016
• by Farah Montasser

Kuwait Health Assurance Company (KHAC) signed a KD 162 mn deal with China Metallurgical Group Corporation (MCC) over the construction of two hospitals, reported Arabian Business on Tuesday

Damac Issues Contracts for Several Projects

• Wednesday, 14th December 2016
• by Farah Montasser

Property developer, Damac Properties, announced that it has awarded contracts worth AED 1.26 bn over the past four months, reported The National on Tuesday

Abu Dhabi Reintroduces 5% Rent Cap

• Wednesday, 14th December 2016
• by Farah Montasser

The emirate of Abu Dhabi reintroduced a 5% cap on the annual rent increase, stated the Department of Municipal Affairs and Transport on Tuesday