Danube Announces AED 300 M Dubai Affordable Project Sold Out

• Wednesday, 8th June 2016
• by Nadine Abou el Atta

Dubai-based Danube Properties announced that the AED 300 million ($ 81 million) Glamz Residence project at Al Furjan area in Dubai, which is part of an affordable housing scheme, has been sold out, Construction Week Online reported.

Report: Dubai Property Prices Going Down

• Tuesday, 7th June 2016
• by Invest Gate

Dubai property sale prices in several places in the city is said to have fallen by as much as AED 25,000 ($6,800) over the past year, according to a new report by Core, the UAE associate of real estate firm Savills.

Dubai Properties to Launch Bellevue Towers Downtown

• Tuesday, 7th June 2016
• by Invest Gate

Dubai Properties, a real estate developer, is set to launch Bellevue Towers, a two-tower project, in Downtown Dubai.

CSCEC Wins Education City Project Worth KWD 175 M in Kuwait

• Monday, 6th June 2016
• by Nadine Abou el Atta

The Middle East unit of China State Construction Engineering Corporation (CSCEC) was awarded a management facility deal for the Kuwaiti education city project, Sabah Al Salem University City, worth KWD 175 million ($ 580 million).

Edamah Injects BHD 350 M Worth of Investments in Hawari Islands

• Monday, 6th June 2016
• by Nadine Abou el Atta

Bahraini real estate arm of Bahrain Mumtalakat Holding Company, Edamah announced the investment of BHD 350 million ($ 930 million) in Hawari Islands, to transform the archipelago into an eco-friendly tourism destination.

Shaikhani Group to Invest AED 2B

• Sunday, 5th June 2016
• by Invest Gate

The Shaikhani Group unveiled its 2025 development plan in preparation to host Expo 2020, starting with 4 new projects in the coming year.

New Abu Dhabi-Dubai Highway worth AED 2.1 B to Open in 2016

• Sunday, 5th June 2016
• by Nadine Abou el Atta

The new AED 2.1 billion ($ 570 million) Abu Dhabi-Dubai highway, which is being built by Abu Dhabi General Services Company, Musanada is almost 83% complete and will be opened before the end of 2016, Construction Week Online reported.

Housing 2 Project of 4,800 Units Halted by Saudi Ministry

• Sunday, 5th June 2016
• by Nadine Abou el Atta

Development companies working on the Saudi Housing 2 project Dammam face losses after the Ministry of Housing halted the building of 4,800 units until further notice, Construction Week Online reported.

Qatar’s Sovereign Wealth Fund Close to Completing a $ 3.5 B Singapore Tower Deal

• Friday, 3rd June 2016
• by Nadine Abou el Atta

Qatar Investment Authority (QIA) has been reported to be close to completing a deal to buy Asia Square Tower 1 of 43 storeys from BlackRock, in Singapore, Asia One reported.

Nakheel Finishes Enabling Work for Al Khail Mall

• Friday, 3rd June 2016
• by Nadine Abou el Atta

Dubai-based real estate company, Nakheel has finished the ground works for Al Khail mall worth AED 2 billion ($ 544 million), at Jumeirah Village Triangle in Dubai, the company’s website stated.