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Arabtec agrees $109m debt facility with Aabar
Contractor will use additional funding to deliver ongoing and newly awarded projects in a timely manner. Aabar Investments, a major shareholder in...
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Dubai may peg rents to green building ratings
Buildings with higher green ratings will be allowed to have higher rent rates, municipality says. Dubai Municipality is considering pegging rent costs...
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Dubai draws up code for 3D-printed buildings
Dubai Municipality has developed regulatory frameworks for the use of 3D printing in construction. Dubai has drawn up a series of codes...
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Work on Omagine project in Oman ‘to begin next year’
Developer seeking further global funding for $2.5bn mixed-use destination, which is expected to be completed in seven years – report. Work on...
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Damac launches Akoya Oxygen units starting at $340k
First phase of The Beach at Navitas Hotel & Residences includes three-bed apartments sold on payment plans. Damac Properties has launched a...
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Qatar to build Zaha Hadid-designed towers
One of the two towers will be 38 storeys high and designed to resemble a flower called the desert hyacinth. Two buildings...
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Dubai’s Deyaar to construct primary school in Senegal
Developer to construct second educational facility for Dubai Cares ‘Adopt a School’ initiative. Property developer Deyaar Development says it has signed an...
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Kuwait signs deals worth $953m for housing project
The South Al Mutlaa City development will consist of 28,363 homes spread across 12 suburbs. Kuwait’s Public Authority for Housing Welfare has...
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Waldorf Astoria Doha West Bay ‘delayed by a year’
Changes to the original design have resulted in delays to the $233m hotel project – report. Construction of the $233 million Waldorf...
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Mecca crane collapse suspects ‘to face trial’
Saudi court to decide hearing date for accused over incident at Grand Mosque that caused 107 deaths – report. Several suspects face...