Dubai South has recently awarded AED 1 billion ($ 272 million) worth of contracts for development projects in Dubai’s Residential District, adjacent to the Expo 2020 Dubai site.
Abu Dhabi-based and top real estate developer, Aldar has seen a strong progress in its portfolio of residential projects in the emirate, Trade Arabia reported.
Top global ICT solutions firm, Huawei has signed an agreement with Dubai South to implement future-city capabilities and services to Dubai’s South Business Park Free Zone.
Dubai-based Damac announced the launch of The Beach, which includes beach-style living apartments within the Akoya Oxygen development program in Dubai, Arabian Business reported.
Moukhtar Ibrahim, Egypt-based construction firm, plans to open two branches in Algeria and UAE, by the end of 2016, announced its chairman, Fayek El Banna.
Dubai’s Mashreq Bank has announced establishing a partnership with the real estate company Arady Properties to launch the first Qualified Investor Real Estate Fund in the UAE, Arabian Business reported.
Dubai’s Roads and Transport Authority (RTA) announced it expects to open two lanes of Jumeirah Bridge in July, as part of the Dubai Water Canal project’s second phase.