Dubai’s Arabtec to Use AED 1B Reserves to Wipe Out Losses
Dubai’s Arabtec Holding, a construction firm, announced its plan to use AED 1 billion ($272 million) of the company’s reserves to wipe out some of its accumulated losses.
Dubi’s RTA Contracts AED 703M Deals for Dubai Water Canal
Dubai’s Road and Transport Authority (RTA) awarded contracts for AED 703 million ($191 million) for construction work of the fourth and fifth phases of the Dubai Water Canal Project.
Work Starts on AED 1B Dubai Hotel
Omniyat Group, Dubai-based real estate Company, announced it has awarded the enabling works contract for the Langham Place Hotel and Residences in Downtown Dubai, an AED1 billion ($272 million) investment.
Dubai Properties Launch AED1B Marassi Business Bay
Dubai Properties Group, a real estate developer, announced the launch of AED 1 billion ($272 million) project along the banks of the Dubai Canal in Business Bay.
Dubai’s Myra Launches AED 150M Apartment Project
Myra Properties, a Dubai-based real estate developer, has launched Crystal Residence, an AED 150 million ($41 million) residential project in Jumeirah Village Circle (JVC).
Deyaar, Asçioglu Sign Deal for $817M Midtown Project
Deyaar Development, a Dubai-based real estate developer, announced its partnership with Asçioglu, a Turkish developer, for the $817 million Midtown Development in Dubai.
Dubai to Build Giant Conference Center worth AED 1.8B
Dubai Municipality will develop AED 1.8 billion Convention Center, Arena, on the shores of the Creek.
