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Damac launches five more towers at Akoya Oxygen
Units at Navitas Hotel & Residences to start at $120k. Real estate developer Damac Properties has announced an $850 million five-tower complex...
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Green building market to grow in 2016 – AESG
Success of COP21 talks to boost energy conservation, Saeed Alabbar says. The green building and energy efficiency market in the GCC is...
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LuLu to invest additional $186m in Saudi by 2017
UAE-based retailer looks to open 10 more outlets. The UAE-based LuLu Hypermarkets is planning an additional investment of SAR 700m ($186.5m) in...
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Louvre Abu Dhabi handover ‘in mid-2016’
Former French President Nicolas Sarkozy tours site. The Louvre Abu Dhabi will be handed over by the middle of the year, officials...
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Saudi ‘to invest over $100bn in renewable energy’
Kingdom’s energy demand expected to grow to 100 GW in 2040. Saudi Arabia plans to spend over $100 billion in renewable energy...
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Dubai fire prompts UAE-wide building inspections
Cladding at Address hotel ‘did not follow specifications’, official says. The major blaze at The Address Downtown hotel in Dubai on New...
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DWTC breaks ground on $196m phase two of Dubai Trade Centre District
Works to include two Grade A office buildings. Dubai World Trade Centre (DWTC) says it has broken ground on the $196 million...
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Macro awarded Dubai Trade Centre District contract
Facilities management company lands deal covering first building at mixed-use development. Macro has been appointed by the Dubai World Trade Centre to...
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Lack of liquidity ‘biggest threat to Dubai real estate’ in 2016
Recovery of market could be delayed further, says Phidar Advisory. A lack of liquidity for investors will be the biggest threat to...
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Oman floats tender for mammoth fishery harbour project
Investment in the project and infrastructure estimated at $260m. Oman has floated tenders for the construction of its largest fishery harbour project...
