NewsMeraas
Meraas halts work on 1-Dubai tower
Meraas Development has halted construction work on 1-Dubai tower in Jumeirah Gardens, MEED reported. According to an unsourced report, Samsung Engineering and Construction has stopped providing pre-construction services for the 1-Dubai tower, estimated to be more than 600 meters tall. The plans for another...
Dubai contractors face bankruptcy
Several Dubai-based contractors say they are owed millions of dirhams by state-linked developers and some may face bankruptcy as credit dries up and major projects are cancelled or scaled back in the former Gulf Arab boom town. “There has been a marked increase in the number of contractors asking...
Meraas reviews $95bn Jumeirah Gardens
Meraas is currently reviewing the $95bn property project Jumeirah Gardens in the Satwa district. According to a spokesperson, Meraas is reviewing their business strategy, as well as the phasing and rollout of the Jumeirah Gardens. More details will be clarified at the start of next year, but this could...
Jumeirah Gardens close-up
Meraas Development on monday revealed their plans for Jumeirah Gardens, a Dh350bn (USD $95bn) mixed-use project. Jumeirah Gardens will stretch north of Sheikh Zayed Road, Dubai’s main thoroughfare linking it to the emirate and UAE capital of Abu Dhabi, 150km to the south. Construction of the first...
Dubai unveils $95bn ‘new city’ project
A Dubai government firm yesterday announced it will build a ‘new city’ in the emirate at a projected cost of $95bn, shrugging off the global financial turmoil. The announcement came one day after Dubai developers Nakheel said it planned to build a tower which will stand more than one kilometre tall...
Meraas dreams of a 2.4km tall tower
It may seem like a tall order, but a Dubai developer is considering building a tower three times the height of the Burj Dubai. Three designs have been drawn up for the planned Jumeirah Garden City project, with the most breathtaking being a 2.4km-high edifice called the Dubai City Tower. Renderings of...
