Tuesday 16 October 2018

Experts call for net zero carbon buildings commitment

Regional and international experts on sustainable built environments came together at the seventh Annual Emirates Green Building Council (EmiratesGBC) Congress to discuss best practices and immediate strategies to transition to net zero cities within the coming decade to curb the damaging effec


Abu Dhabi construction cost index up 3.2pc in Q2

Abu Dhabi's construction cost index (CCI) increased by 3.2 per cent during the second quarter compared with the same period in 2017, according to figures released by Statistics Centre - Abu Dhabi (Scad). The index rose from 96.1 per cent last year to 99.1 per cent in the seco


Kooheji JV to develop Bahrain's 'tallest' residential towers

Bahrain's Kooheji Golden Gate has joined hands with two India-based real estate companies - Ajmera Realty and Mayfair Housing - to develop the kingdom's tallest residential towers featuring a total of 746 apartments overlooking views of Bahrain Bay. With specially-designe


JCDecaux in deal to transform Abu Dhabi urban landscape

Abu Dhabi's Department of Urban Planning and Municipalities (DPM) has signed a strategic agreement with JCDecaux, one of the largest outdoor advertising corporations in the world, to enhance the urban landscape in the UAE capital through use of  innovative technology. Th


Bloom Properties' prime UAE projects on track

UAE-based Bloom Properties, a specialist in the development of integrated and sustainable communities, has confirmed that work is progressing at a steady pace on several of its projects located across Dubai and Abu Dhabi, which are on track for scheduled delivery. These developme


Dubai Water Canal projects Q3 rents stable

The average rents and sale prices of properties in six hand-picked areas located on either side of the Dubai Water Canal witnessed a stable growth for the first three quarters of 2018 compared to the same period last year, said a report. Boasting unique aesthetics and a variety of luxu


New disruptive tech makes smart city race 'exciting'

The race to become the world’s first smart city has become more exciting with recent and wider applications of disruptive technologies, said experts ahead of the third edition of Future Cities Show in Dubai. With the theme ‘Propelling Globalization through Digital Tra


Sodic to buy top developer MNHD in swap deal

Sixth of October Development & Investment Company (Sodic) said it has won approval from the company's board to acquire a leading Egyptian urban developer through a direct share swap deal. One of the region’s leading real estate development companies, Sodic said foll


Kuwait ring road on track; 37pc work completed

Work is progressing at a steady pace on the 22-km-long Seventh Ring Road in Kuwait with nearly 37 per cent of the project already completed, said a report. The key development, being executed by the Public Authority for Roads and Transport (PART), comes as part of its country-wid


Aras arranges $816m funds for development projects

Dubai-based Aras Group said it has helped arrange Dh3 billion ($816.5 million) worth of funds for nearly 100 projects across a diverse portfolio ranging from real estate, renewable energy, hospitality, start-ups, refineries and ships in the UAE. With tighter lending regime, alter

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