Sunday 29 March 2020

Covid-19 'to change real estate design, property management'

The threat of the coronavirus disease (Covid-19) pandemic is set to change the region's real estate design and property management in the short and long term, according to a leading UAE-based property developer.   Lootah Real Estate Development (Lootah) note


Mideast developers worried over fate of projects amid Covid-19

As the Middle East is preparing for the unknown impact of Covid-19 on its workplaces, workforce and families, many clients are wondering what will happen to their construction projects, will they be delayed and will compensation be required, according to Colliers International, a Canada-based


Egypt announces completion of over 127,600 housing units

Egypt has announced that a total of 127,600 social housing units have already been constructed in three new cities -  Sadat City, 6th of October City and Badr City - across the country, said a report.   The housing ministry has executed 9,680 units of the s


Experts discuss Abu Dhabi water and sustainability issues

Leading global scientists and experts in rain enhancement and atmospheric research convened in the UAE capital to address the pressing water and sustainability issues and discuss the latest developments in rain enhancement research.   The gathering was part of t


Oman Tourism to capitalise on building more heritage inns

The Oman Ministry of Tourism recently revealed that significant investments will be poured in to transform ancient houses into heritage inns and guest houses in an aim to boost tourism efforts promoting the sultanate’s vibrant local heritage.    


Dubai Free Zones Council launches economic stimulus package

Dubai Free Zones Council has announced the launch of an economic stimulus package to complement the Dubai Government’s efforts to overcome the current situation prevailing due to the Covid-19 pandemic.   The package contributes to strengthening and support


UAE playing vital role in reducing CO2 footprint, says minister

Guided by its leadership's forward-looking vision, the UAE is playing an increasingly prominent role in reducing the carbon footprint and realising sustainable development, said Suhail bin Mohammed Faraj Al Mazrouei, Minister of Energy and Industry, in a statement on the occasion of Earth


Kuwait's Markaz nets 27.7pc returns from US property exit

Kuwait Financial Centre (Markaz) has announced the successful sale of Parc Santa Fe, a 344,542-sq-ft industrial property located in Denver, US, for $58 million.   Launched in April of 2018, the investment involved the acquisition and development of a greenfield


RTA completes sterilisation of Dubai metro, trams, stations

Dubai's Roads and Transport Authority (RTA) has completed the sterilisation of all 47 Dubai Metro stations, 79 trains, 11 tram stations and Dubai Trams as part of the National Disinfection Programme jointly undertaken by the Ministry of Health and Prevention and the Ministry of Interior.


Abu Dhabi ITC adds more buses amid Covid-19 scare

Abu Dhabi's Department of Municipalities and Transport has announced that it has added 36 buses and 122 trips to its public bus network on routes with high demand during peak hours to prevent the spread of coronavirus, Covid-19, and maintain public safety. The Integrated Tran

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