News / Middle East

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.

Emaar Awards AED 500 M Opera Grand Tower to Athens-Based Company

Dubai-based Emaar Properties has awarded the contract to build Opera Grand Tower in Downtown Dubai, worth AED 500 million to Athens-based Consolidated Contractors Company.

MAF and Starwood Hotel Ink Agreement to Open Aloft Hotel

Leading developer Majid Al Futtaim (MAF) has signed an agreement with Starwood Hotels & Resorts Worldwide to open Aloft hotel, which will be connected directly to City Centre Deira, the first integrated shopping and entertainment destination in the Middle East, Trade Arabia reported.

Damac Targets Young Homebuyers With Akoya Oxygen Project

Property developer Damac launched a 5.11 million square meter project, called Akoya Oxygen to include villas aimed at young homebuyers,.

Dubai to Inject AED 4 B in Road Projects

Dubai is planning to open for bids for road projects amounting to AED 4 billion ($ 1.1 billion) to upgrade transport links in the city, Chairman of Dubai Roads and Transport Authority, Mattar Al Tayer told Bloomberg.

Cayan Signs Agreement with Bidaya to Provide Home Financing Solutions

Top property developer, Cayan Group signed an agreement with Saudi Bidaya Home Finance to enable financing solutions to its clients, Trade Arabia reported.

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