Damac Properties awards contract for 26-storey building in Business Bay

Developer says report from Colliers shows UAE real estate market is returning to normality. Damac Properties have awarded a $49.2m contract to...

Evolving with the times

Masood Al Awar, CEO of Medallion Associates, on the state of the UAE’s real estate market, and why quick-thinking developers and investors...

Union Properties completes $133.4 million capital increase of three subsidiaries

Main objective to reveal its assets and its subsidiaries, states Union Properties. One of UAE’s largest real estate development companies – Union...

India’s Shapoorji Pallonji eyes major expansion into Saudi Arabia

Construction giant has culminative project orders worth $2.7bn in the GCC, with several in the Kingdom. Shapoorji Pallonji, the Indian business conglomerate...

Depa: Arabtec liquidation ‘likely’ to have material impact on interior solutions group

Depa says it is awaiting 'clarity' on the impact of Arabtec shareholders’ approval for liquidation with a financial balance owed from the...

Bateen Al Samar Housing Project on track; works pass 94%

Bateen Al Samar Housing Project is one of the key road and infrastructure projects in Ras Al Khaimah. Sheikh Zayed Housing Programme...

Dubai’s Union Properties to sell 40% stake in Dubai Autodrome for $108.8mn

Developer will also acquire an existing investment property in Business Bay for $68mn. Union Properties, the Dubai-based property developer, has announced that...

Lootah reaches 100% completion of The Edge

The Edge in Ewan Residences now ready for handover 'notwithstanding the challenges posed by the pandemic', says Lootah. Lootah Real Estate Development...

DMCC completes $12.6m real estate transaction with Saudi’s Musharaka Capital

Deal sees Musharaka buy 5,400sqm plot of land containing a 13,860sqm self-storage facility in JLT. Dubai Multi Commodities Centre (DMCC), the Dubai...

ICD Brookfield Place welcomes first tenants as it opens to the public

53-storey commercial property will offer dining, retail and community spaces alongside Grade A workspaces. ICD Brookfield Place, the premium lifestyle and business...

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