Aldar buys Daman building in Abu Dhabi as part of $816m investment drive

Aldar Properties has announced the purchase of Daman House, a commercial office building in Abu Dhabi, for AED 330 million ($89.9m).The transaction...

Property

Dubai Parks and Resorts exceeds Riverland leasing target

Dubai Parks and Resorts says it has leased out about two-thirds of the available units at the Riverland area of its under-construction leisure development, exceeding...

Meraas set to open rainforest ‘bio-dome’ in Dubai

The Dubai-based developer Meraas has announced that it will be opening the region’s first bio-dome in the first half of the year.The...

Construction

UAE to curb cladding use after Dubai fire – official

The use of cladding will be restricted in new buildings in the UAE following the dramatic New Year’s Eve blaze at The...

Construction

Two Egyptian construction firms set to merge in late January

Egyptian companies Misr Concrete Development Company and Cairo for Contracting and Real Estate Investments Company are set to merge later this month,...

Property

Dubai’s Emaar to launch Harbour Views project

Dubai developer Emaar Properties is set to launch the Harbour Views residences in The Island District, housed within the wider 6 sq....

Property

Damac launches five more towers at Akoya Oxygen

Real estate developer Damac Properties has announced an $850 million five-tower complex at its Akoya Oxygen golf course community in Dubai.Residential units...