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Lulu Group International has announced a AED2bn ($544.5M) plan to develop three malls in Umm Al Quwain, Sharjah and Dubai.
Laing O’Rourke has been chosen as the preferred bidder to construct two hotels and a new shopping mall in Dubai.
Cityland Group has unveiled plans for an AED1.1bn ($299.4M) nature-inspired mall in Dubai.
Habtoor Leighton Group (HLG) has secured an AED500M ($136.1M) contract for the Gate Avenue project at Dubai International Financial Centre (DIFC) in Dubai.
Developer Miral has announced a new $100M leisure project in Yas Island, Abu Dhabi.
UAE-based Azizi Developments is set to build an AED430M ($117M) mixed-use development in the district of Al Furjan, Dubai.
Emaar Properties has broken ground on what is set to be the world’s tallest building, The Tower at Dubai Creek Harbour.
The Kuwait Projects Company and its partners have unveiled details of the Hessah Al Mubarak real estate development in Kuwait.
Interserve’s construction joint venture Khansaheb has secured an £81M contract from Majid Al Futtaim (MAF) to expand and upgrade the City Centre Ajman mall in the UAE.
Emirates National Oil Company (ENOC) will invest $1bn in expanding its ENOC Processing Company (EPCL) Jebel Ali facility in Dubai.
BMT Group’s subsidiary BMT Fluid Mechanics has been awarded a contract by Aurecon to serve as the wind engineering consultant for The Tower project at Dubai Creek Harbour.
Tilal Properties is set to build a major commercial and retail destination in Sharjah, UAE.
Dubai-based developer Nakheel has unveiled luxury residences in Dubai.Ibn Battuta Residences will feature 531 luxury apartments — 395 two-bedroom and 136 three-bedroom apartments — with access to over 400 shops, restaurants and entertainment facilities. The two 48-floor buildings — to be located just off Sheikh Zayed Road, next to Ibn Battuta Mall — will also include a podium-level health and recreation complex, a gym, and four levels of car parking with 900 spaces.The development will be in close proximity to the Dubai Metro, Ibn Battuta Bus Station and Jebel Ali park. Nakheel chairman Ali Rashid Lootah said: “Ibn Battuta Residences are strategically located at one of the fast-growing areas in Dubai.“The apartments — the highest standard of accommodation available in Jebel Ali — are ideally placed for people who work at the nearby Jebel Ali Freezone or Dubai South, and, being less than an hour by car from Abu Dhabi, offer a convenient address for those who regularly travel to the capital.”The project is expected to be complete in the fourth quarter of 2019.
A joint venture of J&P Qatar WLL, Conspel Qatar WLL, J&P‐Avax and J&P (Overseas) has been appointed as the main contractor for the Qatar Foundation World Cup stadium.The project — to be located in Doha’s Education City — was awarded by Qatar’s Supreme Committee for Delivery & Legacy (SC). The stadium will be able to accommodate 40,000 spectators, which will be reduced to 25,000 once the 2022 FIFA World Cup finishes. The main-works contractor will be progressing with the schematic design, finishing the foundation works and securing a substantial portion of the structural steel for the super structure by the end of 2016.SC secretary general Hassan Al Thawadi said: “We are pleased with the progress of Qatar Foundation stadium and are hitting our construction deadlines. With the main contractor now appointed we look forward to watching it grow from foundation level to full completion in 2019.“Over the next four years we’ll be working closely with our new partners to ensure we deliver an outstanding, legacy-orientated stadium at Education City that will serve the community long after the last ball is kicked.”The project is scheduled to be complete by the end of 2019.
Dubai Holding has unveiled its Jumeirah Central community masterplan in Dubai.Jumeirah Central will be located on Sheikh Zayed Road and will comprise 4M sq m of gross floor area. The project will involve the construction of 11,000 residential units, 93,000sq m of retail space and 743,000sq m of office space. It will also include 7,200 hotel rooms, 40 new entertainment attractions, 37 plazas and 33 parks, as well as 25 points of access and eight modes of transit such as metro, tram, buses and aerial transportation system. Morgan Parker, Jumeirah Central chief operating officer, said: “Dubai Holding’s experience, together with extensive stakeholder consultation and research looking at the most innovative new cities across the world, will ensure we create high-value real estate to stimulate inbound, international institutional investment in the region, adding to the growth of Dubai’s non-oil economy.”The first phase of the development will break ground in 2017, while site clearance and preparation works are already underway.
Farglory Middle East has appointed UAE-based civil construction company Al Fara’a Group as the main contractor for its $1bn Maryah Plaza project in Abu Dhabi.The project, to be located at the waterfront in Al Maryah Island’s new financial free zone, will include the construction of four towers with a mix of residential and commercial space.The first of three 29-storey residential buildings will be complete in 2018, offering a range of homes from one-bedroom apartments to penthouse suites with private swimming pools and terraces.The fourth and largest tower will feature offices, serviced apartments, and a boutique hotel with restaurants, cafes, and shops.Al Fara’a Group president and executive chairman Adel Saleh said: “We are delighted to be working on such a prestigious development on our home turf alongside such dynamic and forward thinking partners.“We understand the importance of Al Maryah Island to the future of the capital and therefore the significance of Maryah Plaza to the Abu Dhabi Vision 2030.”The first phase of the development is expected to be complete in 2018, two years later than originally planned, while the remaining phases are scheduled for completion in 2022.
Dubai-based developer Nakheel has unveiled plans for a new AED16bn ($4.4bn) retail project at Nad Al Sheba in Dubai, UAE.The scope of the project will include the construction of a 112,000sq m shopping, dining and entertainment hub at Nad Al Sheba master community, where 1,500 villas are currently under construction.Nad Al Sheba Mall will feature 47,000sq m of retail space and about 200 shops, restaurants and entertainment outlets including a supermarket, department stores, a multi-screen cinema, and a medical and fitness centre. Nakheel has chosen AE7 to oversee the design, engineering and construction supervision of the project. A construction contract is anticipated to be awarded in the fourth quarter of 2016.Nakheel chairman Ali Rashid Lootah said: “Nad Al Sheba Mall is the latest addition to our rapidly-expanding retail project portfolio, which will see the delivery of 1.2Msq m of leasable space in the next three to five years, adding to the 372,000sq m already in operation. “The mall will be the vibrant centrepiece of our Nad Al Sheba community, providing on-the-doorstep facilities for residents and a new shopping, dining and leisure hub for people elsewhere in Dubai.”
Saudi Arabia and China have signed a memorandum of understanding (MoU) to build 100,000 homes in Al-Ahsa, Saudi Arabia, Saudi Press Agency reported.The MoU was signed between Saudi’s minister of housing Majed Al-Huqail and Chinese deputy minister of trade Quian Keming. This followed the visit of deputy crown prince Muhammad Bin Salman to China. A memorandum of cooperation was also signed between Al-Huqail and China’s Ningxia region to develop the Al-Asfar outskirts in Al-Ahsa province. According to Saudi’s minister, Al-Asfar District occupies an area of 54M sq m, and the 100,000 houses to be built will include high-quality villas and apartments with different options. In August, Saudi Arabia announced an $800M social housing project in partnership with the private sector.
The Mall of the World shopping complex in Dubai has been relocated to a site on Sheikh Mohammad Bin Zayed Road, according to developer Dubai Holding’s statement. In the new location, the company said, “the project’s positive tourism contribution can be fully realized”.Ahmad Bin Byat, vice chairman and managing director of Dubai Holding, said: “Tourism remains a major part of Dubai’s diversification strategy and Mall of the World will be a critical part of that vision. “Dubai Holding is committed to developing Mall of the World, a major retail and leisure destination in the region, and believes that the new location on Sheikh Mohammad bin Zayed Road, will be an outstanding home for the project, as it will allow Dubai Holding to further expand as needed in the future according to market needs.”The shopping and leisure complex will now undergo extensive planning to become a major retail and leisure destination, according to the statement.The project’s — first announced in 2012 and initially planned to be located on a site in Mohammed bin Rashid City — first phase is expected to be complete before Dubai hosts the Expo 2020 exhibition.Mall of the World includes 745,000sq m of shopping space connected to a theme park, 100 hotels, and apartment buildings with 20,000 rooms.
Abu Dhabi-based developer Aldar Properties has awarded Fibrex the main contractor package to deliver its Shams Meera residential development in Shams Abu Dhabi on Reem Island.The AED258M ($70M) project will be located a short walking distance from the planned Shams Park, the Shams Marina and the East Shams public beach amenities. The scope of the contract will include the construction of two 25-storey towers. The towers, featuring 400 apartments, will share an underground basement car park, swimming pools, a children's play area and a garden. The development will also include canal walks, parks, a public beach, community mosques, schools and hospitals, healthcare facilities, and retail outlets.Aldar Properties’ CEO HE Mohamed Khalifa Al Mubarak said: "From day one the response to Shams Meera has been really encouraging, showing us that there is significant demand for high quality mid-market homes in Abu Dhabi's prime destinations."Shams Meera, located adjacent to Abu Dhabi's thriving CBD will offer an enriched community living experience, and we look forward to the development's completion and the positive impact it will have on Shams Abu Dhabi and surrounding area."
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