NewsDubai Holding
Dubai Holding merge back-office operations
Dubai Holding unveiled a major restructuring on Sunday in order to cut costs amid the global financial crisis. Dubai Holding, owned by the ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum, said it would merge back-office operations at three of its real estate entities, Dubai Properties Group, Sama...
95% work on The Lagoons Islands completed
Sama Dubai, the international real estate investment and development arm of Dubai Holding, today announced it has successfully completed over 95 per cent of work on the water front (water-edging) at ‘The Lagoons’, the 70 million square feet Dubai Creek waterfront project that is fast taking shape...
Tatweer establishes Tatweer Dubai and Tatweer Investments
Tatweer, a subsidiary of Dubai Holding, has announced a restructuring of its operations where the real estate firm will pioneer as the holding company. Under the new structure, Tatweer Corporate will bring its entities across six diverse sectors under two distinct divisions – Tatweer Dubai and...
Tatweer targets Dh200bn by 2013
Dubai-based leisure and entertainment developer, Tatweer – a member of Dubai Holding – will quadruple investments in its projects on the ground in the next five years, reaching Dh200 billion by 2013, said a top official of the company yesterday. “So far we have invested Dh50bn in projects in...
Dh50 billion Culture Village closer to completion
Dubai Properties, master real estate developer and a subsidiary of Dubai Properties Group (DPG), a member of Dubai Holding, announced that the Dh50 billion Culture Village project has crossed key construction milestones, including the completion of 90 per cent of the Dh1 billion infrastructure works. Dubai...
Dubai Towers scoops prestigious property award
Sama Dubai, the international real estate investment and development arm of Dubai Holding, today announced its Dubai Towers-Doha project has won honours in three categories at the coveted CNBC Arabian Property Awards 2008. The prestigious awards for Property Marketing, High-Rise Architecture and Best...
Dubai Properties to double investment to $272bn
State-owned Dubai Properties is set to almost double its real estate investment to 1 trillion dirhams ($272.2 billion) within the next five years from 565 billion dirhams currently, its group CEO has said. Mohamed Binbrek, CEO of Dubai Properties Group, said the company has 26 property plots still to...
Tatweer invests Dhs3.68bn in new wellness resort at DHCC
Tatweer, a member of Dubai Holding, today announced it will establish an Dhs3.68bn Dubai Wellness Resort in Phase-II of Dubai Healthcare City (DHCC), a member of Tatweer. Tatweer’s new initiative adds its investments in DHCC to a total of Dhs12.5bn, underpinning its profound support of delivering...
Sama Dubai launches construction on QAR 2.3 Bn ‘Dubai Towers’ in Doha, Qatar
Sama Dubai, the international real estate investment and development arm of Dubai Holding, has commenced infrastructure work on the QAR 2.3 (Dh20) billion mixed use corporate towers – ‘Dubai Towers – Doha’. Ongoing construction work includes advanced enabling (substructure) works...
