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.

Dubai’s Limitless Pays AED 2B Debt

• Friday, 3rd June 2016
• by Invest Gate

Limitless, a UAE-based real estate developer, makes a debt payment of AED 2.07 billion ($563 million) to banks and trade creditors after reaching a restructuring agreement.

Hilton’s Doubletree Suites to Open at Bahrain’s Dilmunia Island

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

Hilton Worldwide has announced the signing of an agreement with the United Tower Real Estate W.L.L. to open DoubleTree Suites in Bahrain’s Dilmunia Island, which is currently under construction, the website stated.

Abu Dhabi’s Aldar Sells 75% of Mayan Development

• Wednesday, 1st June 2016
• by Invest Gate

Aldar Properties, Abu Dhabi-based real estate developer, sold over 75% of its golf and waterfront development on Yas Islan, Mayan.

Disputes Value up 7% in Region Construction

• Wednesday, 1st June 2016
• by Invest Gate

Dispute values in the Middle East Region rose to nearly 7% , their highest value since 2011, according to a report by Arcadis, a design and consultancy firm.

Al Futtaim to Invest AED 30B in UAE by 2026

• Wednesday, 1st June 2016
• by Invest Gate

Majid Al Futtaim announced that the company will increase total investment in UAE by AED 30 billion ($8.16 billion) by 2026.