RTA to Build Dubai’s Tripoli Roads Project at AED 500 mn

Dubai-based Roads Transport Authority (RTA) implements Tripoli Roads Project at a total cost of AED 500 mn

Emirati District Residential Project to be Developed, UAE

Musanda , Abu Dhabi General Services Company, will be developing a residential project entitled Emirati District in Madinet Zayed located in Abu Dhabi at a total investment cost of AED 2.5 bn

DLD to Issue New Mechanism to Market Properties Abroad

Dubai Land Department (DLD) is to market properties abroad through mechanisms designed to protect residents, who are interested in investing in real estate abroad

Nakheel Records Highest Annual Net Profit in 2016

Nakheel recorded net profit worth AED 4.96 bn in 2016, up 13% from AED 4.38 bn in 2015

Trump Turns Down USD 2 bn Deal from Dubai’s DAMAC

In a press conference held on Wednesday in New York City, President-elect Donald Trump announced that he turned down a USD 2 bn offer from Hussain Sajwani, founder of Dubai-based developer DAMAC Group

Emaar to Launch Downtown Views II on 14 January in Dubai

Emirati-based real estate developer Emaar announced its new project, Downtown Views II, described as “the pinnacle of urban living,” scheduled to launch on 14 January in the UAE’s most populous city.

Al-Futtaim Builds New Mall in Abu Dhabi

Majid Al Futtaim announced on 10 January its new AED 300 million project in Abu Dhabi, “My City Centre Masdar”, scheduled to inaugurate by the end of 2018 in the heart of Masdar City.

Dubai’s apartment rents drop in Marina, skyrocket in Arjan

With the beginning of the new year, Arjan is becoming a more appealing neighborhood to live in with skyrocket rent rates, topping the famous Dubai Marina, Palm Jumeirah, and Greens in comparison with that of 2016, Ar ...

Abu Dhabi Expat Housing Fee to be Backdated

The recently introduced expat housing fee in Abu Dhabi will be enforced retroactively to the day the decree was issued and will have to be paid in a single payment.

Al Futtaim Carillion Awarded Contract for DWTC Project

Al Futtaim Carillion (AFC) has been awarded the contract for Phase 1A6 of Dubai World Trade Center’s One Central project.

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