ADIA Seeks USD 1.7 bn Paris Properties Sale

Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is looking for offers to sell Paris office buildings valued at USD 1.7 bn, Bloomberg reports.

Miral to Launch Developments worth AED 12 bn in Dubai’s Yas Island

Abu Dhabi-based real estate developer Miral plans to transform the southern end of Yas Island in Abu Dhabi at a total cost of AED 12 bn, Invest-Gate reports.

Abu Dhabi’s Aldar Properties Posts Net Profit of AED 641.0 mn in Q1

Abu Dhabi’s real estate developer Aldar Properties posts net profit of AED 641.0 mn in Q1 of 2017, Reuters reports.

Aldar To Invest AED 250 mn in Public Park, Reem Island

Abu Dhabi-based real estate developer Aldar is to invest AED 250 mn in a new public park on Reem Island, Invest-Gate reports.

Abu Dhabi’s Aldar Awards Main Contract For Yas Acres in Q2

Abu Dhabi-based Aldar Properties is to award the main contract for its flagship golf and waterfront development Yas Acres in the second quarter of this year, Invest-Gate reports.

Abu Dhabi’s Aldar Awards AED 500-mn Contract to Mayan Project

Abu Dhabi-based property development company Aldar Properties is awarding a AED500-mn contract for Mayan, a luxury residential development located on Yas Island, to the Middle East’s leading construction and developm ...

Marriott Hotel Al Forsa Opens in Abu Dhabi

Marriott Hotel Al Forsa Abu Dhabi opened last night, becoming the second Marriott brand in the United Arab Emirates, Invest-Gate reports.

Abu Dhabi’s Aldar to Invest USD 517 mn on Yas, Reem Islands

Abu Dhabi-based real estate developer Aldar Properties plans to invest AED 1.9 bn (USD 517 mn) in recurring revenue assets on its Yas and Reem Island projects in the UAE, Invest-Gate reports.

UAE Carries Out Infrastructure Projects worth AED 235 mn

The United Arab Emirates will carry out infrastructure projects worth AED 235 mn across the country, Invest-Gate reports.

Real Estate Takes Lion’s Share of Abu Dhabi’s Foreign Investments

Foreign investors pump USD 40.3 mn into Abu Dhabi, with the real estate market taking the lion’s share, representing 44.61% of total investments, according to Abu Dhabi Securities Exchange (ADX).

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