Monday 1 September 2014

Tecom launches 440-villa project in Dubai

Tecom Investments, a diversified conglomerate and a member of Dubai Holding, has launched a new freehold villa community featuring 440 properties close to its DuBiotech business park in Dubai. The 'Villa Lantana,' project has been designed as two gated communities close t


30pc of Dragon City retail space sought for GCC traders

A key committee of the Bahrain Chamber of Commerce and Industry (BCCI) has proposed that 30 per cent of the retail space in the Dragon City be allocated to Bahraini and Gulf business owners, with the remaining 70 per cent set aside for Chinese business owners. At a meeting, the B


Christie's to open Bahrain property office

Christie’s International Real Estate, the property arm of the renowned London-based art auction house, is considering opening an office in Bahrain. The company's senior vice-president and Middle East regional director Joachim Wrang-Widen revealed the expansion plans at


Qatar inks $170m Morocco projects

Qatar has signed a grant agreement with Morocco for the financing of two development projects in the country worth $170 million, said a report. The first project, for the development of pastures and organising movement in desert and semi-desert pastures in Sous-Massa Draa and Gue


Al Khabeer acquires prime US office property

Al Khabeer Capital, a Saudi-based asset management and investment firm, has joined hands with its investment partner USAA Real Estate Company to acquire Lake Pointe Center III and IV, a prime office property in Indianapolis, US. This investment is the latest transaction of Alkhab


Bahrain summit to discuss infrastructure issues

More than 500 industry executives from all aspects of an infrastructure project lifecycle will be in Bahrain to discuss key industry issues at an upcoming leadership summit. The Bahrain Global Infrastructure Leadership Forum will be hosted by Bahrain, under the patronage of Deput


Dubai construction material prices steady

The prices of individual construction materials in Dubai, UAE, remained more or less steady during the second quarter of 2014 compared to the same period last year, said a report. In the cement category, the prices of ordinary Portland cement dropped by 2.96 per cent year-on-year


UAE cleaning firms in hot demand

Its boom time for cleaning companies in the UAE who are witnessing a solid demand for their services, thanks to a drop in the number of full-time maids flying into the country, said a report. Unable to sponsor a full-time housemaid, most of the families in the UAE are turning to


Tasweek plans projects in Thailand, Indonesia

Abu Dhabi real estate company Tasweek has announced plans to start key projects in Thailand and Indonesia during the first half of 2015. Tasweek’s expansion into Thailand and Indonesia follows residential and hospitality developments in Malaysia; the Haven Lakeside Residenc


MAF unveils $272m mall revamp plan

Majid Al Futtaim (MAF), a leading shopping mall, retail and leisure pioneer in the Mena region, said it has begun work on the second phase of Mall of the Emirates’ strategic redevelopment that aims to add 25,000 sq m in gross leasable area (GLA). The multi-stage redevelopme

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