Michael Fahy

Emaar Properties has space to build between eight and 10 towers overlooking Dubai Opera House as part of the new district.

The homes have been designed to appeal to young couples and families, with colourful exteriors and open, airy interiors.

The Six Flags park will contain 27 rides across six themed zones: Thrillseeker Plaza, Magic Mountain, Fiesta Texas, Great Escape, Great Adventure, and Great America.

The recent decline in oil and gas and the restructuring of a number of national oil companies meant that many were adopting a different focus.

The work will involve the construction of 652 apartments and 24 penthouses within four mid-rise blocks at the site, as well as parking for 960 cars.

The award of the Dubai Metro extension contract is expected to be followed by a flurry of Expo 2020 contracts, providing much-needed relief for battered builders.

Miral said that it has signed a deal with SkyTran — a company developed by Nasa — to develop a personal rapid transport system based on magnetic levitation (maglev).

A citywide performance index would also boost transparency, according to the property consultancy.

An analysts’ note from EFG Hermes says that company disclosures on contract wins show a 75 per cent year-on-year decline in new awards for the companies it covers.

The directive from Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the Dubai Parks and Resorts would provide all forms of support for any potential new theme park in the kingdom.

Foreign Minister Sheikh Abdullah bin Zayed visited the South-East Asian country recently to strengthen bilateral relations as Hanoi’s ambassador says the potential for trade and UAE investment in his country remains immense.