News / Middle East

UAE’s Aster to Invest USD 68.1 mn in GCC

UAE-based Aster DM Healthcare, a major private sector healthcare company, plans to invest USD 68.1 mn in new projects across the Gulf region, however, suspending entering the Egyptian market due to fears over the fluctuation of the EGP and "the ability to freely move foreign currency out of the country."

Lootah Real Estate Begins Delivering The Waves

UAE's modern real estate developer Lootah Real Estate Development has announced the on-time completion and delivery of its latest residential project in Jumeirah Village Circle (JVC), The Waves, catering to the "essential requirements of communities, while ensuring the very highest standards of living."

IMKAN Transforms Khalidiya Ladies Park Into New Urban Community Space

Abu Dhabi-based property developer IMKAN is revamping what was once a walled and almost a secret park in Khalidiya, formerly known as Khalidiya Ladies Park, in one of Abu Dhabi’s busiest districts to be a  multi-use space and a hive of community-led activities.

Egypt’s Orascom Ink Deal for KSA’s First Sewage Treatment Plant

Egypt's Orascom Construction has announced that its consortium with UAE-based Metito Group and Saudi-based leading private water desalination company MOWAH has signed a Sewage Treatment Agreement (STA) with the Water and Electricity Company (WEC) for setting up KSA's first independent sewage treatment plant project (ISTP).

Emaar Kicks off 2nd Phase of Expo Golf Villas

Dubai-based real estate developer Emaar Properties has announced the launch of the second phase of Expo Golf Villas, following the high sales achieved in phase one.

Nakheel Starts Work on Palm Tower Infinity Pool

Dubai-based property developer Nakheel has commenced construction works of its rooftop infinity swimming pool at The Palm Tower, its 52-story, luxury hotel and residential complex at the heart of Palm Jumeirah, Dubai

Italy’s Preatoni Completes Stalled Dubai JLT Tower

Italy-based Preatoni Real Estate, a subsidiary of Preatoni Group, has completed the project formerly known as Dubai Star, four years after its initial developer renounced the planned 45-story skyscraper in Dubai’s Jumeirah Lake Towers (JLT) following the 2009/10 economic crisis.

Emaar Launches New Waterfront Homes at Dubai Creek Harbour

UAE's property developer Emaar has launched Palace Residences, a five-star waterfront branded residence development, within its 6-square-kilometer mega-development, Dubai Creek Harbor, describing it as "The World of Tomorrow."

Sharjah’s SEWA Finalizes New Water Supply Network

The Sharjah Water and Electricity Authority (SEWA) has announced finalizing the first phase of its new water supply network in the Hushi area, Sharjah, which is 18,000 meters long.

Saudi Housing Ministry Builds Precast House in 2 Days

The Saudi Housing Ministry has revealed building a 124-square-meter one-storey house in two days only, using precast modular concrete, as part of stepping up its efforts to accelerate innovation and increase homeownership.

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