India’s Shapoorji Pallonji eyes major expansion into Saudi Arabia

Construction giant has culminative project orders worth $2.7bn in the GCC, with several in the Kingdom. Shapoorji Pallonji, the Indian business conglomerate...

Depa: Arabtec liquidation ‘likely’ to have material impact on interior solutions group

Depa says it is awaiting 'clarity' on the impact of Arabtec shareholders’ approval for liquidation with a financial balance owed from the...

Bateen Al Samar Housing Project on track; works pass 94%

Bateen Al Samar Housing Project is one of the key road and infrastructure projects in Ras Al Khaimah. Sheikh Zayed Housing Programme...

Dubai’s Union Properties to sell 40% stake in Dubai Autodrome for $108.8mn

Developer will also acquire an existing investment property in Business Bay for $68mn. Union Properties, the Dubai-based property developer, has announced that...

Lootah reaches 100% completion of The Edge

The Edge in Ewan Residences now ready for handover 'notwithstanding the challenges posed by the pandemic', says Lootah. Lootah Real Estate Development...

DMCC completes $12.6m real estate transaction with Saudi’s Musharaka Capital

Deal sees Musharaka buy 5,400sqm plot of land containing a 13,860sqm self-storage facility in JLT. Dubai Multi Commodities Centre (DMCC), the Dubai...

ICD Brookfield Place welcomes first tenants as it opens to the public

53-storey commercial property will offer dining, retail and community spaces alongside Grade A workspaces. ICD Brookfield Place, the premium lifestyle and business...

Shurooq shares details about new developments across portfolio

Array of projects being developed in strategic partnership with international companies. The Sharjah Investment and Development Authority (Shurooq) has shared the new...