Tuesday 25 July 2017

Admares readies 'floating' villas for Dubai development

Admares, a pioneer of innovative floating construction, said it has completed work on nine luxury 'floating' bungalows at its plant in Rauma, Finland and has started shipping them to the UAE where they will be set up at the Marasi Business Bay development project in Dubai.


Bahrain's road, sewerage projects on track

Work is progressing well on a project linked to the paving of dirt roads at Road 1409 in the Salmabad area of Bahrain, said a statement from Ministry of Works, Municipalities Affairs and Urban Planning. The scope of work includes asphalt paving works, implementing a sewerage netw


Deyaar inks $163m Dubai community project deal

Deyaar Development, one of the UAE’s leading real estate companies, has awarded a Dh600-million ($163.3 million) contract to Belhasa Engineering and Contracting Company for its Afnan and Dania districts at Midtown project in Dubai. Located near Sheikh Mohammed Bin Zayed Roa


Abu Dhabi fund grants $1bn for projects in Egypt

The Abu Dhabi Fund for Development (ADFD) has provided a total of Dh4 billion ($1.08 billion) worth of grants and concessionary loans to Egypt for 64 development projects, a report said. The constructive cooperation between ADFD and the Government of Egypt continues to promote su


Isyx Tech discusses building industry challenges

Isyx Technologies, a fast-growing business innovation consulting company in the Middle East and Africa, recently held a joint workshop with Microsoft to discuss the challenges faced by the construction and building materials industry. The event focused on how specific solutions p


Abu Dhabi's residential market 'under pressure'

Issues of oversupply and ongoing economic uncertainty continue to put pressure on Abu Dhabi’s residential real estate market, according to leading international property company Chestertons Middle East and North Africa (Mena). The apartments rents registered a three per cen


TDIC's beachfront Mamsha Al Saadiyat 'progressing quickly'

Abu Dhabi's Tourism Development & Investment Company (TDIC) has achieved a significant milestone at its beachfront mixed-use project Mamsha Al Saadiyat with all concrete groundwork being laid out and building structural works complete. Situated in close proximity to


JGE to develop 'massive' plot in New Dubai

Jumeirah Golf Estates (JGE), a major residential golf community in the Middle East region, is likely to open up a massive 700-hectare area right in the heart of New Dubai for development, said a report. These 700 hectares represent the still undeveloped areas forming the 1,119-he


Developers 'eyeing ME renewable energy market'

With the cost disparity between solar and conventional electricity generation fast disappearing, several leading power plant developers are eyeing the Middle East renewable energy market in order to boost growth, said an expert.   Economic and environmental sustainability has


Dubai residential property prices down 4.9pc in June

The residential property prices in the rental market in Dubai, UAE, plunged 4.95 per cent year-on-year (y-o-y) in June mainly due to a sharp drop in apartment and villa prices over the same period last year, said a report. The Dubai Residential Property Sales Price Index for all

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