Rakeen announces sales launch of Bab Al Bahr Office Tower

Rakeen, the master-planner and land developer of the Ras Al Khaimah Government that exercises environmental responsibility when planning and developing, has announced the sales launch of the Bab Al Bahr Office Tower, one of the centrepiece projects within Ras Al Khaimah’s AED 1.2 billion mixed-use... 

Ivory Tower-contracts cancelled

Hundreds of investors in the long-delayed Ivory Tower residential project in Dubai have been told by the developer, Sokook Investment Group, that their contracts will be cancelled and 20 per cent of the sales price kept. Investors were told the move was made because they were in arrears in instalment... 

AED 2bn Mirdiff Hills launched

Dubai Investments (DI) announced the launch of Mirdiff Hills, a Dh2 billion mixed-use development in Dubai, through its real estate arm Dubai Investments Real Estate Company (DIRC). The latest in a string of mega projects launched by Dubai Investments, Mirdiff Hills is envisioned as a self-contained... 

Dubai Trade Centre District

Dubai World Trade Centre (DWTC) announced today the commencement of major construction work on the first phase of the Dubai Trade Centre District, the integrated commercial destination that is coming up at the heart of Dubai’s business district on Sheikh Zayed Road. The District has also recently... 

Venture Capital Bank awards D51 Island architecture and development to dxb-lab

Venture Capital Bank has granted the architecture and development of D51 Island in The World project by Nakheel to dxb-lab Architecture. Nakheel has approved the preliminary designs. Mr. Khalid Abdul-Karim, Chief Investment Officer of Real Estate at Venture Capital Bank commented “Among many architect... 

The Queen Elizabeth 2′s new home in Palm Jumeirah

Nakheel has revealed the new home for the world famous cruise liner, the Queen Elizabeth 2 (QE2), as the anchor of a luxurious marina development on the eastern trunk side of Palm Jumeirah. Purchased last year by Nakheel’s parent organisation, Dubai World, QE2 will embark on her ultimate journey... 

MAG 218 set for completion

MAG Group announced apartment owners in the MAG 218 Tower in Dubai Marina will be able to view one and two-bedroom residences at least 18 months prior to handover. The MAG 218 residential tower consists of 555 apartments spread over 66 floors and will be completed within schedule in December 2009. Strategically... 

Damac Properties awards Dh805m contract to Intermass

Luxury lifestyle provider, Damac Properties, has awarded an Dhs805m contract to M/s Intermass Engineering and Contracting Co. LLC., for its Lakeside project at International Media production Zone (IMPZ). The project will be completed by December 2010. Intermass is one of the most renowned contractors... 

DCC awarded contract for new residential tower at Dubai Marina

Dubai Contracting Company (DCC) was recently awarded the main contract to build a new residential tower in Dubai Marina valued at AED 244m. The tower is planned to cover a built-up area of 43,677m2 and will stand 30 storeys tall, have 2 large top floor penthouses, and 3 basements. Consultants Erga Progress... 

Deyaar appointed as development manager for ICD’s One Za’abeel

Deyaar Development PJSC, the region’s fastest growing real estate company, announced today that it has signed an agreement with the Investment Corporation of Dubai (ICD), the investment arm of the Government of Dubai, to assume the development and management rights for One Za’abeel, an iconic...