UAE-based developer Bloom Properties has begun main construction works on its Soho Square development on Abu Dhabi’s Saadiyat Island.
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].
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.”
UAE-based real estate development firm Aldar Properties PJSC has awarded a contract worth AED500M ($136M) to Ghantoot General Construction for the construction of its luxury residential project in Yas Island, UAE.
UAE prime minister and vice president and ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum has approved two contracts for the construction of the 7th Interchange on Sheikh Zayed Road, and the Al Yalayis and Al Asayel roads in Dubai.
Omran Properties is set to launch three real estate projects worth a combined value of AED2.47bn ($672.5M) in Sharjah [pictured], UAE.
Emaar Properties revealed plans to build a residential project in Dubai, UAE.
Salini Impregilo has signed a $435M contract with Meydan Group LLC to build the Meydan One Mall in Dubai [pictured], UAE.
India-based Larsen & Toubro (L&T) has announced that its construction arm secured contracts valued at INR21.7bn ($324.6M) across its various business segments.
HLG Contracting has secured a AED401M ($109M) order from Hasabi Real Estate for the construction of the Al Garhoud Towers in Dubai, UAE.
UAE-based Majid Al Futtaim Group has unveiled plans to develop a new AED300M ($81.6M) community mall in Abu Dhabi, UAE.
Timetric’s Construction Intelligence Center (CIC) has further revised downwards its outlook for growth in construction activity in the countries of the Gulf Cooperation Council (GCC): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE).
A consortium of ACWA Power and Harbin Electric has begun construction on the Hassyan clean coal power station in Dubai, UAE.
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.
Tilal Properties is set to build a major commercial and retail destination in Sharjah, UAE.
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.”
Emaar Properties has unveiled new residential towers in the Opera District in Downtown Dubai.The “Act One | Act Two” residences are housed in 52- and 46-storey towers with views of the Burj Khalifa and Mohammed bin Rashid Boulevard, and located close to the Dubai Mall. The towers will feature 718 residential units as well as retail units and cafes, a health club, a spa and swimming pools.Emaar Properties’ managing director Ahmad Al Matrooshi said: “Act One | Act Two are truly a defining destination of choice for all culturally inclined as they now have the unique value proposition of living right next door to Dubai Opera.“A premium development that celebrates the vibrant cultural lifestyle of the city, the residences bring a one-of-a-kind lifestyle choice to the city.“The international launch of the project underlines the strong demand from discerning investors who cherish the inspired way of life that Act One | Act Two brings.”The residential towers will be launched internationally on a sales event in London on Wednesday, 10 August, at Harrods, followed by the Dubai launch on Thursday, 11 August, at Emaar Sales Centres.
Al Jaber Building has won a contract worth AED370m ($100m) from the Tourism Development & Investment Company (TDIC) for the construction of Jawaher Saadiyat villa complex in Abu Dhabi.
Dubai-based healthcare provider Thumbay Group has announced the construction of 6 hospitals and 12 clinics in the UAE and beyond. The healthcare facilities, part of Thumbay’s AED1.2bn ($326M) expansion plan, will be located in the UAE, Qatar, Egypt and India, as well as in other countries. The group’s healthcare and retail division vice president Akbar Moideen Thumbay has said that the group expects to build 420 new medical facilities — including hospitals, medical universities, clinics and pharmacies — over the next four years. The number of staff is also expected to increase from the current 4,000 employees to around 15,000 by 2021.