Wednesday 3 September 2014

Dewa starts work on $46m water pipeline network

Dubai Electricity and Water Authority (Dewa) has commenced work on a 25-km water pipeline network across the city in the UAE. The Dh170 million ($46.2 million) project will connect 17 locations with the main transmission lines to increase flow, ensure reliable supply, and raise the net


Iraq eyes foreign investments for new airport

Iraq plans to invite foreign investors to build a new civilian airport in the Al Diwaniyah governorate, a top official was quoted as saying in a report. The project will come up in southwest Al Diwaniyah, Governor Ammar Al Madani said, according to a Zawya Projects News report.


Dubai's Meraas ‘seeks up to $4 billion loan’

Meraas Holding, a state-owned property firm that is developing some of Dubai's most ambitious real estate projects, is in talks with banks to raise up to $4 billion, sources aware of the matter said on Monday. The emirate in the UAE has bounced back rapidly from a debt crisis


Dubai's real estate sector 'enters new era'

It's the beginning of a new era for Dubai's real estate sector as project developers start adopting a sustainable, long-term approach rather than the old one of build it, sell it and move on, said the head of one of Dubai’s fastest-growing business groups. The resid


Aldar completes sale of Abu Dhabi tower

Abu Dhabi-based Aldar Properties said it has completed the sale of a residential tower in Marina Square to MAG F5 Holdings, a joint venture between MAG Group and Fortune |5 Investments. The tower, located in Marina Square on Reem Island in Abu Dhabi, comprises 202 completed units


Construction launched on The Edge at DIC

Sweid & Sweid Development, a Dubai-based boutique real estate firm, has commenced work on a new commercial building in the heart of Dubai Internet City (DIC) in Dubai, UAE. Called The Edge, the building will cater to multinational and regional companies seeking modern and efficient


Green developments to ride high at Cityscape

A number of sustainable developments will be on show at the upcoming Cityscape Global, a leading property show in Dubai, as the majority of UAE residents consider going green as something very important to their lifestyle. A recent poll conducted by showed that 72.5 percent of


Al Futtaim starts mall expansion work

Dubai Festival City, an Al Futtaim Group property, has launched the second phase of its expansion work that aims to create more space for its retail outlets, said a report. One of the UAE's leading retail, dining and leisure attractions, DFC will see an enlarged Festival Squa


Deyaar launches three-tower residential project

Deyaar has announced the launch of Montrose, a three-tower residential and hotel apartment project centrally located at Tecom’s DuBiotech Life in Dubai, UAE. The project, which comprises a hotel apartment and two residential towers, is named after the captivating flower ‘Mo


Saudi ACWA wins $100m equity investment

International Finance Corporation (IFC), a unit of the World Bank, has completed a SR375 million ($100 million) equity investment in Saudi Arabia-based water and power project developer ACWA Power. The investment will boost the amount of funding for renewable energy projects to h

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