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LATEST NEWS

Azizi Developments awards two contracts worth Dh440 million in Dubai Healthcare City

25/04/2018
Azizi Developments, one of the leading private developers in the UAE, has awarded two contracts worth Dh440 million for the development of two buildings in Dubai Healthcare City. The construction of the buildings began on 1 April 2018 and is advancing at a rapid pace. Zahrat Al Safa Contracting LLC has been appointed to construct the two buildings in Dubai Healthcare City, with each contract valued at Dh220 million.

GCC hospitality projects value exceeds US$147 billion, BNC report shows

23/04/2018
The total value of the 1,156 hospitality and tourism projects in the GCC region has exceeded US$147 billion (Dh539 billion) in March 2018, according to BNC Network, the largest project intelligence provider in the MENA region.

Central Hotels to open two new hotels in Dubai in May 2018

23/04/2018
Central Hotels, a UAE home-grown hotel operator, is all set to double its inventory of keys in Dubai next month with the opening of two hotels namely Royal Central The Palm (207 keys) and Canal Central in Business Bay (280 keys).

Nakheel awards construction contract for Dh825 million Nad Al Sheba Mall

23/04/2018
Master developer Nakheel awarded a contract worth Dh595 million for the construction of Nad Al Sheba Mall, its new, 1.4 million square foot shopping, dining and entertainment destination that has a total development value of Dh825 million.

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Aldar raises foreign ownership limit to 49%
Aldar Properties (“Aldar”) today announced its Foreign Ownership Limit (FOL) has been increased to 49 percent, from 40 percent, following completion of all regulatory formalities and will be implemented for trading effective today. Read More...
Du to build infrastructure for Smart Dubai to create the smartest city in the world
Emirates Integrated Telecommunications Co (Du), the UAE’s second telecom operator, has been appointed by Smart Dubai to build the soft infrastructure for Dubai to make it the smartest city in the world, a top official said. Read More...
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