News / Middle East

Qatar to Build Zaha Hadid Desert Flower-Shaped Hotel

Qatar is planning on building two buildings designed by the late Iraqi-British iconic architect, Zaha Hadid, which will include a desert-flower shaped tower near the site of the 2022 soccer World Cup final, a member of its ruling family said on Tuesday, according to Reuters.

Work on Oman’s Mix-Use Real Estate Project to Start in 2017

Construction work on the OMR 962,625 million ($ 2.5 billion) Omagine, which is a mixed-use tourism and real estate project, will begin in 2017 over a 1 million square meter beachfront area, Trade Arabia reported quoting a report.

Jordan’s Property Market Sees Over 6% Slump in 2016

Jordan’s property trade has witnessed during the first half of 2016 (H1 2016), a 6% fall when it comes to the total trade and revenues from real estate sales, dropping from 2015, ME Construction News reported quoting Jordan’s official news agency.

Dubai Plans Launch of Real Estate Performance Index

Dubai is currently planning on launching a real estate performance index to enable global investors to track and benchmark the real estate performance, Emirates 24/7 reported quoting the Dubai Land Department (DLD) Chief.

Damac Launches New Akoya Oxygen Golf, The Beach

Dubai-based Damac announced the launch of The Beach, which includes beach-style living apartments within the Akoya Oxygen development program in Dubai, Arabian Business reported.

Work Starts on Muharraq Central Market in Bahrain

Work on Bahrain’s Muharraq Central Market has begun following the evacuation of the area’s tenants, to sprawl over 9,800 square meters and be completed end of 2017, Trade Arabia reported, quoting a report.

Egypt’s Moukhtar Ibrahim to Expand Regionally

Moukhtar Ibrahim, Egypt-based construction firm, plans to open two branches in Algeria and UAE, by the end of 2016, announced its chairman, Fayek El Banna.

UAE’s first Qualified Investor Real Estate Fund to Launch

Dubai’s Mashreq Bank has announced establishing a partnership with the real estate company Arady Properties to launch the first Qualified Investor Real Estate Fund in the UAE, Arabian Business reported.

Dubai’s RTA Announces Completion of Jumeirah Bridge

Dubai’s Roads and Transport Authority (RTA) announced it expects to open two lanes of Jumeirah Bridge in July, as part of the Dubai Water Canal project’s second phase.

Emaar Launches Il Primo Apartments Marketing Campaign at London’s Harrods Store

Dubai’s Emaar Properties has launched a marketing campaign for the sale of Il Primo apartments located at the Opera District in Downtown Dubai, at the famous Harrods Department Store in London.

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