Abu Dhabi

Marina Bay project contract awarded

Damac Properties has said it has awarded National Dewatering and Drainage Services a Dhs7.5m enabling works contract covering dewatering, shoring, excavation, piling and pile testing on site, for its Marina Bay development at Al Reem Island in Abu Dhabi. The enabling works are scheduled commence shortly... 

TDIC and Leighton scrap venture

Abu Dhabi's Tourism Development & Investment Company (TDIC) and Australia’s Leighton Holdings have scrapped a venture that was expected to generate revenue of at least $1.5bn over five years. "After a strategic review of TDIC's business model and due to the changing economic climate,... 

Al Reef Villas attracts niche market as mid-level buyers drive Abu Dhabi’s over 100,000 supply gap in residential … (Zawya)

The Specialists, a complete real estate solutions provider with over 20 years experience in the Gulf region, has revealed that Al Reef Villas in Abu Dhabi, the first planned community in the UAE exclusively for the middle class, has emerged as one of its most popular offerings as the projected demand... 

Damac awards Marina Bay enabling deal

Damac Properties has awarded Dhs7.5m enabling works contracts for its Marina Bay development at Al Reem Island in Abu Dhabi to National Dewatering and Drainage services. The enabling works are scheduled to last for around four months and will include dewatering, shoring, excavation, piling and pile testing... 

Abu Dhabi index closes 1.36% lower (AME Info)

The Abu Dhabi bourse got under pressure amid wek real estate shares. The ADX General Index closed 1.36% lower at 2,923.41 points. SHARETHIS.addEntry({ title: "Abu Dhabi index closes 1.36% lower (AME Info)", url: "http://www.uaerush.com/2009/06/15/abu-dhabi-index-closes-136-lower-ame-info/" }); Read More →

Abu Dhabi bourse 3.35% higher (AME Info)

The Abu Dhabi Securities Exchange (ADX) gained 3.35%, closing at 2,963.63 points. SHARETHIS.addEntry({ title: "Abu Dhabi bourse 3.35% higher (AME Info)", url: "http://www.uaerush.com/2009/06/14/abu-dhabi-bourse-335-higher-ame-info/" }); Read More →

Deutsche: UAE property prices to fall 20% further

a report by Deutsche Bank has predicted that property prices in the UAE could fall by a further 15% to 20%, fuelled by an exodus of expatriates and a glut of property, Bloomberg has reported. Although Dubai will be most affected the report notes that Abu Dhabi will not benefit from its housing shortage... 

Arabtec bids for new projects

Arabtec is bidding for projects worth Dhs22bn in Abu Dhabi, Qatar and Saudi Arabia, according to media reports. In addition, Arabtec is seeking contracts in northern Iraq, Pakistan, Syria, Jordan, Egypt and Libya. Arabtec was not immediately available for comment. (Mac Capital Advisors) SHARETHIS.addEntry({... 

Cleveland Clinic awards $16m deal

Cleveland Clinic has awarded US-based Aecom a $16m contract covering building-engineering services and structures for the forthcoming 360-bed Cleveland Clinic hospital Abu Dhabi (CCAD), located on Al Sowah Island. The project, which is scheduled to open during late 2012, will encompass 5.1 million square... 

Abu Dhabi market rebounds by 1.80% (AME Info)

Liftef by strong performances of its real estate shares, the Abu Dhabi bourse regained territory, closing 1.80% higher at 2,838.75 points. SHARETHIS.addEntry({ title: "Abu Dhabi market rebounds by 1.80% (AME Info)", url: "http://www.uaerush.com/2009/06/10/abu-dhabi-market-rebounds-by-180-ame-info/" }); Read More →