Dubai-based Atara Development has recorded AED110 million ($30 million) in villa sales during the first half through the successful sale of its Kaia and Haia residences on Pearl Jumeirah, thus reflecting growing demand from ultra-high-net-worth buyers for architecturally-curated waterfront homes.
Dubai's residential property market recorded a modest improvement in July, with overall sales transactions rising 2% and total transaction value increasing 3% month-on-month, according to Dubai Land Department (DLD) transaction data.
The World Cement Association (WCA) has announced that Chinese group Foton Motor International Company has become its associate corporate member. The company offers a comprehensive portfolio of fuel-powered and new energy vehicles, including trucks, buses and construction machinery.
Dubai's Roads and Transport Authority (RTA) is set to open a 500-m-long two-lane bridge tomorrow that will link traffic from Dubai World Trade Centre and One Central to Al Mustaqbal Street. The new bridge is part of the AED633 million ($172.4 million) Al Mustaqbal Street Development project.
QUBE Development, a renowned real estate developer known for creating uniquely designed communities across the UAE, has announced the successful casting of the first portion of the foundation for its landmark and award-winning project - ELIRE Managed by LUX* in Business Bay, Dubai.
Leading Dubai developer Meraas has awarded the ground works contract to International Foundation Group for its landmark 45-storey residential project - Atélis at d3 - located within the Dubai Design District. The contract covers comprehensive site preparation, excavation and shoring and piling works.
A new clean-water infrastructure venture designed to deliver rapidly deployable water-treatment and desalination systems has been launched by the founder of Abu Dhabi-based Kinetic7 Technologies.
Abu Dhabi National Oil Company has announced that one of its key units, ADNOC Gas has awarded engineering, procurement and construction (EPC) contracts worth $8.2 billion for the next phase of its Rich Gas Development (RGD) project at the Habshan complex in the UAE capital.
Daikin Middle East & Africa, a global leader in heating, ventilation, air-conditioning and refrigeration (HVAC-R) solutions, has officially unveiled its newly renovated experience centre, at its regional headquarters in Jebel Ali, Dubai.
The Space 14 Estate has announced the launch of a new warehousing and commercial development in Dubai Investments Park 2. The project, which comprises two buildings and 14 individual warehouse units connected by a 9-m-wide internal access road, is set for handover next year.
