• ICD Brookfields, EY ink Dubai tower lease deal


    Investment Corporation of Dubai said its joint venture with Brookfield Properties, a premier real estate operating company, has signed a pre-let agreement with professional services firm Ernst & Young (EY), for its 120,000-sq-ft property in Dubai.

  • Besix wins DMCC Uptown Dubai super tall tower deal

    78-STOREYED BUILDING
    DMCC, the world’s premium free zone and the master developer of Jumeirah Lakes Towers (JLT), said it has awarded a key contract to Belhasa Six Construct, for the construction of the first super tall tower at its Uptown Dubai district.

  • Bahrain receives bids for 100MW solar power plant

    MASDAR EMERGES KEY BIDDER
    Bahrain has received bids for a 100MW solar power plant to be set up in the country and Abu Dhabi-based Masdar has emerged as one of the bidders, said the kingdom's utility minister on the sidelines of Abu Dhabi Sustainability Week.

  • Kuwait to hand over 6,000 new housing units by April


    Kuwaiti authorities have announced that a total of 6,000 new residential units will be delivered to the beneficiaries by this April. The announcement comes following confirmation from the Chinese contractor behind the project, said a report.

  • Emaar launches premium golf villas near Expo 2020 site

    LIMITED COLLECTION UP FOR GRABS
    Emaar has launched the Phase Two of its Expo Golf Villas project with a limited collection of three and four-bedroom premium villa units, set only 10 minutes from Expo 2020 Dubai site and seven minutes from Al Maktoum International Airport.

  • VOT the new buzzword in Dubai property market


    Vacant on Transfer (VOT) is the new buzzword in Dubai property market. The term, used for a unit that is available immediately upon handover, began to be used more widely in 2018 due to plunging rates in the secondary market, said an expert.

  • Equitativa, HK group to set up new Belt & Road REIT


    Equitativa, the largest real estate investment trust manager in GCC, has inked a deal with Hong Kong-based Affluent Partners to launch a new REIT that will invest in property assets along the Eurasia trade corridor of China Belt & Road Initiative.

  • KG Group buys major stake in Dubai real estate group


    KG Group, a leading manufacturer and distributor of products for the automotive, logistics and cement and mining industries, has acquired a major stake in Virtue Properties, a Dubai-based boutique real estate development company.

  • UAE launches key initiatives to boost real estate demand


    With the UAE’s real estate sector softening in 2018, the government launched several initiatives to boost demand. However, the market performance will depend on how quickly these investments and regulations have an impact, said an industry expert.

  • Abu Dhabi pumps $2.2bn into renewable energy sector


    The total investments by Abu Dhabi government in the renewable energy sector has surged to Dh8 billion ($2.17 billion), thus reflecting positively on the sustainability of the industry for future generations, said a senior government official.

  • Nurol deploys Raimondi luffing jib cranes at UAE project site


    Raimondi Cranes, a leading Italian-based group, said UAE-based Nurol Construction Company has deployed two of its luffing jib crane models at work on the Corniche Tower jobsite in the capital, Abu Dhabi.

  • ISG appoints new business development director


    Construction services company ISG has appointed David Cronin as its new business development director. Cronin, who was the group's commercial manager from 2008 to 2012, rejoins the group bringing with him over 20 years of industry experience.

Building & Construction Window


Construction News

ICD Brookfields, EY ink Dubai tower lease deal

Investment Corporation of Dubai said its joint venture with Brookfield Properties, a premier real estate operating company, has signed a pre-let agreement with professional services firm Ernst & Young (EY), for its 120,000-sq-ft property in Dubai....



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