NewsAbu Dhabi
90% of IREIS 2009 space reserved by real estate companies
Real estate giants from the UAE and other countries will gather in Abu Dhabi in January for a major property show and organizers said nearly 90 per cent of the exhibition’s area has already been booked. Dome Exhibitions will organize the January 27-29 Abu Dhabi Real Estate and Investment Show –...
Capitala launches sales of Rihan Heights, first phase of Arzanah
Capitala, the Abu Dhabi-based real estate company, today announced it has launched the residential sales of Rihan Heights, the first phase of Arzanah, its flagship development. Strategically located at the gateway point to the island of Abu Dhabi, Arzanah is one of the few remaining parcels of prime...
ADIH plans $2bn realty project by year-end
Abu Dhabi Investment House (ADIH) plans to launch a $2 billion (Dh7.36bn) real estate project in the capital by the end of the year, Emirates Business has learnt. The development, Porta Moda Abu Dhabi, will mark the three-year-old firm’s entry into the UAE real estate market. Porta Moda is the...
Property prices on Reem more than double
Property prices on Reem Island, a residential, commercial and business project off the coast of Abu Dhabi, have more than doubled to almost Dh3,000 per square foot from from Dh 850 to Dh950 over the last eight to nine months, a real estate expert has said. “We have been seeing a rapid acceleration...
Aldar leads the way in Abu Dhabi property resale monitoring
Abu Dhabi’s master developers are following in their Dubai neighbours’ footsteps and beginning to self-regulate the resale of developments in order to safeguard against speculators ‘flipping’ their purchases. This is, alongside soaring construction costs, is what analysts attribute...
Abu Dhabi United Group buys Manchester City
Abu Dhabi United Group for Development and Investment (ADUG) has bought the English football club Manchester City, Dr Sulaiman Al Fahim, chief executive officer of Abu Dhabi-based real estate developer Hydra Properties, told Gulf News on Monday. “The amount paid for the acquisition of the club...
Major construction contract signed for Tameer Towers
Real estate leaders Tameer and Sorouh today finalized an agreement with a joint venture of Al Habtoor Engineering / Murray & Roberts / Al Rajhi Projects to construct the landmark Tameer Towers project in Abu Dhabi for a cost of AED 6 billion, bringing the total cost of the project to AED 8 billion. This...
Mubadala and Petrofac establish a new joint venture
Petrofac Limited, the international oil & gas facilities service provider, and Mubadala Petroleum Services Company LLC (MPSC), a wholly owned subsidiary of Mubadala Development Company, announced today their plans to establish a joint venture company, Petrofac Emirates LLC. Based in Abu Dhabi and...
Hydra Executive Towers underway
Hydra Properties, the leading UAE-based international property developer, today announced the completion of 60% of excavation work for the magnificent Hydra Executive Towers located at Al Reem Island in Abu Dhabi. Hydra Executive Towers consists of three towers and two of them will rise up to 30 stories...
Capital Centre reveals landmark towers
Abu Dhabi National Exhibitions Company (ADNEC) has revealed two distinctive commercial and residential towers by SinoGulf Investments that architecturally mimic the movement of sand dunes. The towers will be key features of the AED8 billion Capital Centre development underway surrounding Abu Dhabi National...
