Saturday 23 June 2018

Dubai Investments' $125m Fujairah project on fast track

Dubai Investments, a leading, diversified investments company said work is progressing at a steady pace on its Dh460-million ($125 million) Fujairah Business Centre project, and is likely to be completed ahead of schedule, by the fourth quarter of 2020. The project is being developed b


New $18m touristic project planned for Lebanon

Real estate firm William Zard Group has unveiled plans for a massive, mixed-use touristic project, spanning 130,000-sq-m, to be built in Ain Saadeh, Lebanon, a report said. Estimated to cost $18 million, Forest Resort will feature a boutique hotel surrounded by a natural park, which wi


Danube announces $150m residential project

Danube Properties, a property developer based in the UAE, has launched its 11th project – the Dh550-million ($150 million) Lawnz comprising 1,064 residential units at the International City in Dubai, UAE. The project will take Danube Properties’ portfolio to 4,744 uni


Arada to launch key phase of Sharjah community project

Arada, the UAE’s newest developer of key residential properties, is launching Phase Four of its premium Sharjah community, Nasma Residences, following exceptional sales in the project’s earlier phases. The release of 302 units in this key phase will see the introducti


Aldar picks Marriott to manage Abu Dhabi luxury hotel

Aldar Properties, a leading developer in Abu Dhabi, UAE, said it has signed up global hospitality giant Marriott International to manage one of its most strategically located hotels on Yas Island. The move comes as part of Aldar's active asset management strategy for its Dh20


Al Marjan Island highlights investment opportunities in RAK

Al Marjan Island, the main developer of freehold areas in Ras Al Khaimah, recently presented attractive value propositions at the 2018 World Forum for Foreign Direct Investment in Liverpool, UK. The investment opportunities within Al Marjan Island and the competitive advantages o


Crisis-hit Abraaj sells Orascom Construction stake for $52m

Dubai-based Abraaj Group has sold its entire stake in Egypt’s Orascom Construction for $52 million as the private equity firm seeks to restructure amid allegations of misused funds, reported Bloomberg. Abraaj has been under pressure since February when some of its invest


Rove Hotels unveils new 366-room Dubai beach resort

Rove Hotels, a joint venture between leading UAE developers Meraas and Emaar Properties, has announced the launch of Rove La Mer resort located in the heart of Dubai’s world-class beachfront devlopment La Mer. A contemporary midscale hotel brand, Rove Hotels currently has f


DP World unveils big Canadian port expansion plans

Dubai-based global marine terminal operator DP World said it has reached an agreement with Canada's Port of Prince Rupert on the terms of a project development plan that outlines the next phase of expansion for the DP World Prince Rupert Fairview Container Terminal. The Phase


Lamprell, Asyad Holding to set up Saudi JV company

UAE-based Lamprell, a major provider of fabrication, engineering and contracting services, said it will join hands with Asyad Holdings to set up a joint venture company in the kingdom as part of its regional expansion strategy. A key player in the kingdom, Asyad Holdings brings signi

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