NewsAl Habtoor to construct Dubai Pearl
Pearl Dubai has awarded a Dh 8.85bn contract to Al Habtoor Leighton Group for the construction of the Dubai Pearl-project, located next to Palm Jumeirah. This contract the largest single contract in the region, and makes Al Habtoor the main contractor of Pearl Dubai covering components such as structural...
Al Madar launches Suhail Tower
Al Madar Investments, a leading property developer in the GCC and part of the Al Madar Group, has today (day, date, 2008) announced the launch of the Suhail Tower, an AED 1.4 billion residential project located in the Madinat Al Arab area of the Dubai Waterfront. On completion in late 2011, the 47 -storey...
Final phase sales of Ritaj
Dubai Investments Real Estate Company (DIRC) announced yesterday sales of the last phase of the Ritaj community in association with Gowealthy.com The construction of Ritaj is according to schedule and will be finished within June 2009. The project comprises 360 studio units with apartments starting at...
Nakheel seeking operators for Queen Elizabeth 2
Nakheel is currently seeking operators to manage the former luxury liner Queen Elizabeth 2. The world famous vessel will sail into Dubai tomorrow to begin its life as a seven-star hotel in the Dubai drydocks. According to Gulf News, Nakheel is in talks with major hotel operators to settle the managment...
Al Zorah could be delayed
According to ArabianBusiness.com, development of the Al Zorah-project in Ajman could slow down and push back the city by two years. This could be a sign that the global financial crisis has hit one of the largest developments in the UAE, as investors could hesitate buying into the project. A two-year...
Projects worth $800 billion(!) under way in the UAE
Despite caution over future projects, $800 billion (Dh2.9 trillion) of projects are currently under construction in the UAE, according to a survey by Proleads, the research partner of The Big 5. Though the analysis covers all industries, civil construction developments continue to dominate projects under...
Work on Dh20bn Al Ghadeer starts
Abu Dhabi-based real estate developer Sorouh Real Estate has started infrastructure works of the Dh20 billion-Al Ghadeer development, said a senior official. The project is located on the Dubai-Abu Dhabi border. “The company does not have any problem with regard to liquidity at present. It collected...
Yas Mall to be showcased at MAPIC
Aldar Properties, Abu Dhabi’s leading property development, investment and management company today unveiled plans to build a signature Super Regional Mall as part of Abu Dhabi’s premier retail and leisure destination at Yas Island. Leading retailers, property developers and investors attending MAPIC,...
The “Buy to hit” concept gains popularity
The “buy to let” hotel room concept is slowly starting to take off in the UAE as the financial crisis has created doubts about returns on investment in the property industry. Al Jabal Real Estate, a Dubai-based property developer, will today announce plans to develop a 500-room hotel in Ajman,...
Design reaches new heights in The Habtoor Island Resort and Spa project
Announcing the recent launch of the Habtoor Island Resort and Spa, which is being built in one of the most highly sought after locations on the Crescent of Palm Jumeirah, Khalaf Al Habtoor, Chairman of The Al Habtoor Group, stressed his determination to deliver a total lifestyle resort that sets previously...
