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UAE’s Dh76.78 bn distribution and logistics to grow at 7.9%, driven by online sale, Blue Ocean Global says

The total value of the UAE’s Logistics and Distribution sectors have grown to Dh76.78 billion in 2017 and represent about 5.4 per cent of the Dh1.42 trillion economy, according to the Annual Economic Report 2018, published by the UAE Ministry of Economy.

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Dubai Municipality seeks investment in public parks

Dubai Municipality said, investors could take advantage of the reserved spaces for theatres, restaurants and small shops in the public parks that offer good returns for small businesses.

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Ravi Shastri appointed as RAKEZ Corporate Ambassador to the Indian business community

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Al Ali Construction gets contract for Dh500 million RAK Properties project

RAK Properties, one of the UAE’s leading property developers, said, it has signed a construction, infrastructure and landscape contract with Al Ali Construction and Development for its Dh500 million Marbella Villas project.

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Nshama to hand over 5,000 new residences in 2019

More than 5,000 additional residential units will be delivered by developer Nshama at its flagship project, Town Square on Al Qudra Road, taking the total number of homes handed over to more than 6,600, the company said in a statement.

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Abu Dhabi issues new law to allow freehold ownership of land and properties to all foreigners in investment zones

Government of Abu Dhabi today announced new Freehold Property Law that stipulates that henceforward, all foreigners will be entitled to own the freehold of land and properties which they purchase in investment zones. Previously, this was only permitted for UAE and GCC nationals.

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Aldar reports Dh2 billion sales from latest projects

Aldar Properties reported Dh2 billion sale from the latest project launches including Dh400 million generated from Lea located on the northern shores of Yas Island that has been sold out during Cityscape Abu Dhabi.

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Samana Developers launches Samana Hills in Arjan with 8 year payment plan

Samana Developers, a Dubai-based developer, announced the launch of a new project, Samana Hills – a Dh100 million property that will host 200 residential units – in the heart of the Arjan community near Miracle Gardens.

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RAK AMI Hotel awards construction contract for Dh543 million Mövenpick Resort to Al Ali Construction

RAK AMI Hotel, a company based in Ras Al Khaimah with the mission to develop and manage hotels, awarded the construction contract for Mövenpick Resort Al Marjan Island to Al Ali Construction and Development.

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Azizi Developments completes 86% works at Farishta Azizi

Azizi Developments, one of the leading private developers in the UAE, said, it has completed more than 86 percent of the construction and 60 percent of the external works of Farishta Azizi, one of the most sought-after residential properties and part of the impressive lineup of Azizi Developments’ 20 projects in Al Furjan.

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