Three Al Habtoor Luxury Hotels to Open by End of Summer

• Monday, 27th June 2016
• by Nadine Abou el Atta

All three luxury hotels within Al Habtoor City are set to be open by the end of summer, as part of the city’s hotel collection, Chairman of Al Habtoor Group, Khalaf Ahmad Al Habtoor announced, according to The National.

Emaar Awards AED 1 B to Trojan General Contracting

• Monday, 27th June 2016
• by Nadine Abou el Atta

Emirati Trojan General Contracting (TGC) announced that it has been awarded a AED 1 billion ($ 272 million) contract for the construction of Mira Oasis townhouses, in the Reem neighborhood, by top UAE developer Emaar Properties, Trade Arabia reported.

Turkey’s Anel Mepa Wins QAR 242 M Contract for Doha Metro Project

• Sunday, 26th June 2016
• by Nadine Abou el Atta

Turkish company, Anel Mepa was awarded a QAR 242 million ($ 66.5 million) letter of conditional award from main contractor FCC-Yuksel-Archirodon-Petroserv JV, for the Red Line of the Doha Metro project in Qatar, Trade Arabia reported.

Waha Land Signs AED 426 M Deal for Industrial Real Estate Project

• Sunday, 26th June 2016
• by Nadine Abou el Atta

UAE’s Waha Land, part of Waha Capital has signed a AED 426 million ($ 115.9 million) financing agreement with Emirates Islamic Bank for the development of Almarkaz industrial real estate project near Abu Dhabi, Arabian Business reported.

Al Zamil Signs Saudi Hotel Deal with Swiss International

• Sunday, 26th June 2016
• by Nadine Abou el Atta

Al Zamil real estate group signed an agreement with Swiss International, which is a hospitality chain to establish a new hotel at Al Qassim Touristic City project in Saudi Arabia, Trade Arabia reported.

Kuwait Finance House Finances 3,000 Homes in Bahrain

• Sunday, 26th June 2016
• by Nadine Abou el Atta

Top Kuwaiti Islamic lender, Kuwait Finance House announced the construction of over 3,000 homes in Deerat Aloyoun project, of its financing in Bahrain, Arabian Business reported.

Dhabi Contracting Aims at Moving into Property Development Market

• Tuesday, 21st June 2016
• by Nadine Abou el Atta

Dhabi Contracting has announced its intention of moving into the property development market in order to diversify its revenues, due to the pressure contractors’ margins are facing, The National reported.

Tanmiyat Group Hands Over 184 Villas at its Living Legends Project

• Tuesday, 21st June 2016
• by Nadine Abou el Atta

Saudi Tanmiyat Group announced the handover of the first phase of its Living Legends project, including 184 villas and one tower block in Dubailand, after a six-year delay, The National reported.

JGE Awards 728 Mid-Market Homes to Dubai’s Sumer

• Tuesday, 21st June 2016
• by Nadine Abou el Atta

Dubai’s Sumer Contracting Company was awarded the contract to build 728 mid-market homes, for Jumeirah Golf Estates (JGE), as part of its strategy to provide more “affordable" properties at the DP World Tour Championship golf course development, The National reported.

Mixed-Use Al Maryah Central to be Completed by March 2018

• Sunday, 19th June 2016
• by Nadine Abou el Atta

Mixed-use Abu Dhabi development project, developed by Gulf Related company, Al Maryah Central is expected to be completed by March 2018, Chief Operating Officer and Managing Director of the company, Kevin Ryan said, according to Gulf News.