Archive for March, 2017

Construction of Dubai’s Bluewaters ‘75% complete’

Construction of Dubai’s Bluewaters ‘75% complete’

30/03/17

Developer Meraas says 90% of buildings undergoing façade work at upcoming island destination ahead of handover starting early next year. Construction at the Bluewaters island destination off Dubai’s coast is 75% complete, with most structures having transitioned from structural work to the façade stage of the building process in preparation for handover starting in the […]

VAT ‘could impact cash flows for GCC construction firms’

VAT ‘could impact cash flows for GCC construction firms’

30/03/17

Proposed new law will not subject sale of new real estate units to taxation – report. Although the sale of new real estate units in the UAE will not be subjected to value-added tax (VAT) when it is implemented, it could impact cash flows and credit agreements for some construction firms, a leading tax expert […]

Qatar: Ashghal to begin work on 2.2km underpass

Qatar: Ashghal to begin work on 2.2km underpass

30/03/17

Qatar’s Public Works Authority, Ashghal, is set to start construction work on a 2.2km underpass that will span the northern and southern areas of Al Gharrafa. To enable construction, traffic on Tilted Roundabout will be diverted to a parallel intersection from 31 March, with an expected operation period of nine months. The new road layout […]

Dubai Properties launches Mudon Views project

Dubai Properties launches Mudon Views project

30/03/17

First phase includes one, two and three bedroom apartments in two buildings. Dubai Properties (DP) has announced the launch of an apartment complex in the emirate’s Dubailand district, according to a statement. Mudon Views will be situated in the Mudon residential master community, according to the UAE state news agency WAM. The first phase includes […]

Pininfarina announces entry into Middle East market

Pininfarina announces entry into Middle East market

30/03/17

Legendary Italian design house’s architectural arm expands in region with interior design of the Innovation Center in Dubai’s Sustainable City. Legendary Italian design house Pininfarina has made its Middle Eastern debut with its first large-scale project in the region – the interior design of the Innovation Center in Dubai’s Sustainable City. Established in 1930 by […]

Drake & Scull exits One Palm joint venture

Drake & Scull exits One Palm joint venture

23/03/17

Dubai construction firm Drake & Scull has sold its share in the One Palm development in Dubai to its joint venture partner Omniyat Properties. The property, located on the left trunk of Palm Jumeirah, was launched in 2014 and is scheduled for completion next year. When completed, the development will include 90 ultra-luxurious apartments with […]

Construction work begins on 350-store Mall of Oman

Construction work begins on 350-store Mall of Oman

23/03/17

Majid Al Futtaim says that work on the sultanate’s biggest shopping mall will be complete by 2020. Majid Al Futtaim, the UAE-based shopping mall and leisure developer, has announced the start of work on the Mall of Oman, a super-regional retail destination coming up in the sultanate. Located at Madinat Al Ifran, the new central […]

Nakheel awards $50m contract for Ibn Battuta hotel

Nakheel awards $50m contract for Ibn Battuta hotel

23/03/17

Dubai developer continues AED3 billion hospitality expansion with another 375 rooms at retail hub. Dubai developer Nakheel says it has awarded a construction contract worth AED184.5 million ($50 million) for a second hotel at Ibn Battuta Mall. Dubai-based Parkway International Contracting LLC has been appointed to build the 375-room hotel, which has a total project […]

Aldar to invest $517m on Yas, Reem islands

Aldar to invest $517m on Yas, Reem islands

23/03/17

Abu Dhabi developer gives details of four new projects including Shams Marina. The Abu Dhabi-listed Aldar Properties says it is to invest AED 1.9 billion ($517 million) in four new projects on Yas and Reem islands. The allocation of the recurring revenue on the projects completes a AED 3 billion investment programme, the developer said. […]

India’s L&T wins $76m Doha Metro contract

India’s L&T wins $76m Doha Metro contract

23/03/17

L&T Electrical & Automation wins deal to handle building automation and control systems for 37 stations. L&T Electrical & Automation (LTEAFZE) has won an order worth $76 million from Qatar Rail Company (QRAIL) for Phase 1 of Doha Metro, it said in a statement. The scope of the order encompasses supply, installation, testing, integration, commissioning […]

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