Friday 28 November 2014

UAE import of kitchen, bath products tops $30bn

The UAE's import of kitchen and bathroom products will surge to over $30 billion by the end of the year amid growing demand for such items from a booming population enjoying a quality lifestyle, said experts. The imports of these products across the GCC is poised for a double


Jumeirah Golf Estates to launch new community

Jumeirah Golf Estates, one of the most prestigious residential golf communities in the UAE, has announced plans to develop its 15th community at its residential golf and leisure property in Dubai, UAE. The announcement comes off the back of increasing demand for properties at Jum


Sewage threat over debt row in Bahraini development

A dispute over an outstanding debt of BD1 million ($2.6 million) could leave residents of a luxury housing development in Riffa, Bahrain, in a river of sewage. Dubai-based Metito, which operates a plant that treats wastewater in Riffa Views, the Royal Golf Club and Awali, will sh


Soma's beach project wins top Lebanese award

International architecture firm Soma said its luxurious seaside development Amchit Bay Beach Residences has won top honours at the 2014 Real Estate Awards Lebanon awards. These awards recognise the most outstanding development projects in Lebanon, focusing on categories such as d


Nakheel leases 90pc shops at Dubai retail development

Dubai developer Nakheel said it has leased 90 per cent of the shops and restaurants at Warsan Souk, its new retail development in Dubai, UAE. Located between Sheikh Mohammed Bin Zayed Road and Manama Road, next to International City in Dubai, UAE, Warsan Souk will be a vibrant, m


Abu Dhabi investors eye prime London properties

Chestertons, a leading international property agency, said it had received an overwhelming response from investors in Abu Dhabi, UAE, for its Dh8.8 billion ($2.4 billion) Royal Wharf project. The company had showcased the UK project, comprising a series of luxury mixed-use develo


Al-Futtaim to invest $700m in Egypt after dispute settled

Dubai-based conglomerate Al-Futtaim Group said on Tuesday it would invest $700 million in Egypt over three years and pay the government $30.5 million as part of a settlement reached last week over a long-standing land sale dispute. Mohamed Al Makkawi, Al-Futtaim's Egypt CEO,


Wasl group enters Dubai freehold property market

UAE-based wasl Asset Management Group has announced its entry into the freehold real estate sector in the emirate of Dubai for the first time with the launch of its new Creek Heights development. One of the UAE’s fastest growing property management organisations, wasl said


1,000 firms showcase Chinese innovations in Dubai

More than 1,000 companies are showcasing the latest Chinese innovations in household and home-related products at an ongoing sourcing platform for the Middle East and North Africa region in Dubai. The China Homelife Dubai 2014 includes furniture and interior decor, textiles and g


NBAD inks $489m finance deal for UK luxury project

The National Bank of Abu Dhabi (NBAD) said it has completed a Dh1.8 billion ($489 million) financing deal with UAE-based Abu Dhabi Financial Group for one of the largest redevelopment projects in prime Central London, UK. The 1 Palace Street comprises 271,051 sq ft of space adjac

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