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Real estate developer Seven Tides has started construction on SE7EN Residences The Palm, a new residential development on the trunk of Palm Jumeirah.
Sharjah Holding, a joint venture (JV) of Majid Al Futtaim Properties and Sharjah Asset Management Holding, has unveiled the second phase of Al Lilac neighbourhood at Al Zahia, a mixed-use community in the UAE.
Consulting engineer Ramboll has been awarded a contract by the UAE-based real estate developer Imkan, to serve as the lead consultant for “Makers District” development in Abu Dhabi, UAE.
UAE-based real estate developer Kleindienst Group has announced a new AED2.5bn ($680m) underwater luxury vessel resort at Cityscape Global in Dubai.
Aldar Properties, a UAE-based property development company, has launched a new waterfront development on Yas Island in Abu Dhabi.
Dutch construction specialist Boskalis Westminster has been awarded a contract worth OMR199.1m ($517m) by the Special Economic Zone Authority in Duqm (SEZAD) to construct a liquid berth at Duqm port in Oman.
UAE-based contractor ALEC has secured a contract valued at AED600m ($163.3m) from Select Group for the main works of Jumeirah Living Marina Gate, a waterfront development in Dubai Marina.
Arabtec Construction has been awarded a contract worth AED628m ($171m) by DAMAC Properties to build 1,296 villas at DAMAC’s Akoya Oxygen master development in Dubai, UAE.
Dubai-based Belhasa Engineering & Contracting Company has bagged a construction contract worth AED600m ($163.3m) from property developer Deyaar Development for its Afnan and Dania districts at Midtown project in Dubai.
HLG Contracting has won a contract to build five 16-storey residential towers as part of the preparations for Expo 2020 Dubai.
Dubai Properties has commenced work on the new Marasi Business Bay marina, which forms part of the AED1bn ($272.2bn) Marasi Business Bay project.
Dubai Investments, a diversified investments conglomerate, has commenced infrastructure work on The Palisades project in Dubai, UAE.
Saudi Aramco has formed a joint venture (JV) with National Shipping Company of Saudi Arabia (Bahri), London-listed Lamprell, and South Korea's Hyundai Heavy Industries build a maritime yard in Saudi Arabia.
Sacyr Construction, in association with Combined Group Company, has completed the development of a 152-hectare semi-urban zone in Bani Hajer, Qatar.
Shapoorji Pallonji Mideast, part of the Shapoorji Pallonji Group, has secured a contract worth AED1.5bn ($408m) from the UAE-based property developer Nakheel to build The Palm Gateway triple tower and beach complex on Dubai’s Palm Jumeirah.
Majid Al Futtaim has broken ground on a new AED2.6bn ($707M) shopping mall in Sharjah, UAE.
SEIDCO General Contracting has been selected as the main contractor by Dubai Properties for its Bellevue Towers residential project in Dubai [pictured].
Abu Dhabi-based Aldar Properties has selected Trojan General Contracting as the main contractor for the first three precincts of Yas Acres, a flagship development on Yas Island.
UAE-based Damac Properties has unveiled plans to develop Golfotel, the only premium five-tower hotel property surrounded by a golf course in Dubai.Golfotel will house more than 2,000 modern rooms with golf views of the Trump World Golf Club Dubai, which is set within the 55M sq ft community AKOYA Oxygen.Amenities at the hotel will include a lounge and international restaurants, a gymnasium, and an outdoor swimming pool, as well as shuttle services to the tourist attractions all over Dubai and complimentary airport transfer.Damac Properties senior vice president, Niall McLoughlin, said: “Investors will be pleased with the opportunity to own a hotel room on an international golf course that reaps higher returns than any other investment classes. “Owning a hospitality unit provides an attractive return on investment due to the burgeoning tourism industry and potential revenues that can be generated. “What we are offering is even more lucrative owing to the unique setting in a golf community — such properties usually command a premium because of their location.”
Salini Impregilo has bagged a $300M contract from Al Khozama Management Company in Saudi Arabia.
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