Tuesday 25 July 2017

Dubai's Al Maktoum Solar Park Phase III 22pc complete

Dubai Electricity and Water Authority (Dewa) said work on the 800-megawatt (MW) Phase Three of the Dh50-billion ($13.6 billion) Mohammed bin Rashid Al Maktoum Solar Park is progressing as per schedule with nearly 22 per cent of the project already completed. It is the largest sin


Bahrain completes work on new Zayed Town exit

Work has been completed on a new exit to Zayed Town from Sheikh Salman Highway to the North of the Driving School, said a statement from the Ministry of Works, Municipalities Affairs & Urban Planning. The project aims to alleviate traffic congestions along the new housing are


UAE capital 'becoming most affordable housing market'

Slackening demand has sent residential sale prices tumbling in Abu Dhabi and rents have also declined in most districts, making the UAE’s capital more affordable following prolonged government austerity measures, according to a report.   Abu Dhabi is the seat of the fed


New Jeddah airport project 90pc completed

Saudi civil aviation authorities said about 90 per cent of the new airport project in Jeddah, which comprises the existing King Abdulaziz International Airport (KAIA), has been completed. The airport, which is spread over a 670,000-sq-m area, will boast 82 domestic, international


First Haramain Express Train arrives in Jeddah station

The first Haramain Express Train arrived at Jeddah station on a pilot trip as part of the operational tests of the Saudi high-speed railway system, a report said. The train arrived from King Abdullah Economic City (KAEC), said the


ECC joint venture wins Dubai car-park project

Engineering Contracting Company (ECC), a leading contracting company in the region, has been awarded a multi-storey car-park project in Dubai, in joint venture with McLaren Construction. The car park, offering 2,800 parking spaces, is coming up opposite the Dubai World Trade Cent


Al Khonji group to build business hotel in Duqm

Omani property investment firm Al Khonji Real Estate & Development (Aqar) has unveiled plans for a three-star business hotel in Duqm, which will be a part of a large mixed-use development, said a report. Featuring 180 to 200 rooms, the hotel project is the first venture in a


Abu Dhabi real estate 'faced tough market conditions'

The real estate market in Abu Dhabi witnessed challenging market conditions during the second quarter mainly due to a drop in demand and increase in supply of housing units in the UAE capital, according to a leading real estate consultancy Asteco. The Q2 rental price declines for


DSOA wins top award for Silicon Park project

Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis, the integrated free zone technology park, in collaboration with NXN (formerly neXgen), the leading smart city consulting and digital service provider, has been awarded the prestigious ‘Best Infrastructure I


Damac inks home financing tie-up with Amlak

Dubai-based Damac Properties, a leading luxury real estate developer, has partnered with Amlak Finance, a top Islamic home financing provider in the UAE, to offer its existing customers an exclusive investment opportunity.  The ‘Double Your Property’ product allo

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