Articles
Emaar awards Dh500 million contract for Opera Grand Tower in Downtown Dubai
Emaar Properties has space to build between eight and 10 towers overlooking Dubai Opera House as part of the new district.
Building begins at Six Flags theme park in Dubai
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.
Damac targets younger home buyers with Akoya Imagine launch in Dubai
The homes have been designed to appeal to young couples and families, with colourful exteriors and open, airy interiors.
Dubai Properties appoints new CEO as Abdullatif AlMulla departs
Mr AlMulla was appointed as the chief executive of Dubai Properties Group last August.
ECC to build Mulberry apartments at Emaar Properties’ Dubai Hills project
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.
Contractors may need to bring cash to table to win oil and gas work, says SNC Lavalin chief
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.
Expo 2020 projects set to provide timely relief for Dubai’s contractors
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.
Dubai’s property market needs quarterly rent calculator updates, says JLL
A citywide performance index would also boost transparency, according to the property consultancy.
Yas Island tourists to be transported by levitating pods
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).
Market analysis: Gulf contractors feel the squeeze
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.
Dubai to support potential Six Flags theme park in Saudi Arabia
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.
Trojan wins Dh1 billion Emaar contract to build nearly 1,400 Mira Oasis townhouses
Construction has begun this month and will be carried out in three phases. The first will complete in December 2017, the second in September 2018 and the third in December 2018.
Mashreq appoints ACC to build new Downtown Dubai headquarters
Mashreq will relocate from its current base near the Al Ghurair Centre in Deira to the new site at the junction of Financial Centre Road and Mohammed Bin Rashid Boulevard once construction of the tower completes.
