Construction contract awarded for Bulgari Lighthouse

Meraas has awarded a US $231.42mn contract to Dutco Construction Co. for the construction of the Bulgari Lighthouse, Jumeirah Bay Island. With...

Industry News

Nakheel and Meydan merged under Dubai Holding

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced...

Energy

Dubai Waste-to-Energy facility achieves first fire milestone

A significant milestone in the Dubai Waste-to-Energy (DWE) project has been achieved according to BESIX and Hitachi Zosen Inova (HZI). The successful...

Construction

Lead contractor appointed for J1 Beach

Asset management firm Merex Investment has appointed ARCO Turnkey Solutions as the lead contractor for J1 Beach at La Mer, its flagship...

Property

Aldar Properties forms JV with Dubai Holding to enter Dubai market

Aldar Properties has signed an agreement with Dubai Holding to set up a joint venture (JV) entity for developing new living experiences...

Financial

Emaar investors approve Dubai Creek Harbour acquisition

Shareholders have approved Emaar Properties’ acquisition of Dubai Creek Harbour from Dubai Holding, the master developer has announced. Shareholders have also approved...

Property

Emaar buys out Dubai Holding stake in Dubai Creek Harbour for $2.04bn

Developer Emaar Properties has announced that it will fully acquire the Dubai Creek Harbour development from Dubai Holding for $2.04bn. The announcement...