News / Middle East

Energy Leaks Swell Bills in UAE’s Older Houses

The leaky buildings were a result of unskilled labor and lack of supervision or inspection control that takes various stages according to expert.

Qatar Invests $622 M Stake in Empire State Realty Trust

The Qatar Investments Authority (QIA) has invested capital worth $622 million in the owner of New York’s Empire State Building.

Phase 2 of Dubai’s Redwook Park 50% Sold Out

The second phase of the Redwood Park project, owned by Dubai’s Jumeirah Golf Estates, has been 50% sold.

Landmark to Launch 23 stores in Reem Mall of Dubai

Abu Dhabi’s Reem Mall will expand to 2 million square meters to include 23 new stores after signing an agreement with Landmark Group, a UAE retail conglomerate.

Al Dar’s New Housing Project to Undergo Construction at Reem Island

Al Dar Chief executive Mohamed Khalifa has stated that sales have been encouraging to Shams Meera because there has been significant demand for high quality mid-market homes in Abu Dhabi's prime destinations.

Rental Declines in Dubai Limited to Certain Residential Areas

The Reidin-GCP report suggests that several communities has witnessed upward prices rather than lows which tends to increases a chance for a turnaround of the market as prices recover from losses of the last 18 months.

London’s Television Centre Marketed in Dubai as Residential Property

London’s Television Center will to be converted into residential apartments that will be marketed in Dubai next month.

Dubai’s Union Properties to Receive Loan for Motor City Residential Project

Union Properties, a Dubai developer, has dealt with two banks to receive a loan worth of AED 290 million to build its Oia Residences project in Dubai’s Motor City.

Wasl to Launch Port Views Project in Bur Dubai

Wasl Group has launched a multi-purpose project called Port Views, which includes approximately 1,500 apartments and three hotels in Bur Dubai.

Galfar Assigned Construction of Fishery Port in Duqm

The Special Economic Zone Authority (Sezad) in Duqm awarded Omani-based Galfar Engineering and Construction the contract for the construction of a fisheries port, related marine, and road works in Duqm.

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