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ADNOC signs offshore deals with CNPC
Agreements are for 40 years and backdated to March 9, 2018. The Abu Dhabi National Oil Company (ADNOC) has signed agreements with...
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Azizi announces new projects in Dubai Sports City and Meydan Avenue
Total value of residential and commercial projects is said to be $204.19mn. Azizi Developments has announced a new residential project in Dubai...
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Ruler of Dubai breaks ground on 700MW Solar Park extension
Extension to the largest single-site solar park in the world begins. Vice President and Prime Minister of the UAE and Ruler of...
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Aldar and Emaar to form $8bn historic developer JV
Super-developer JV starts with Emaar Beachfront and Saadiyat Grove projects. Two of the region's leading developers have announced that they are to...
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Orascom Construction JV wins $180m contract for Furjairah International Airport expansion
Project scope includes the main infrastructure works for the airport expansion. Orascom Construction, the Egyptian-owned giant, has said that its joint venture...
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FTA/DLD: Most property transactions will be VAT-exempt
Authorities clarify that tax system is designed to support real estate sector. The Federal Tax Authority (FTA) and Dubai Land Department (DLD)...
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Somerset Mews project is progressing ‘ahead of schedule’
Somerset Mews features 17 G+2 four bedroom townhouses in JVC, Dubai. Dubai boutique developer Ellington says that the construction of its Jumeirah...
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Insight: Why 2018 will see an uptick in tender prices
MACE looks at how global growth and oil price recovery will boost MENA activity. Fergus Rossiter, director of Mace Cost Consultancy –...
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Omniyat appoints JV for Dorchester Collection project construction
Project is located in Marasi on the Dubai Canal and the development package is said to be $2bn. Developer Omniyat has appointed...
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DAMAC Properties issues enabling works tender for Vera Residences
‘Heart of Business Bay’ project will offer ‘breathtaking views’ of the Dubai Canal. DAMAC has issued a new tender for enabling works...
