Real Estate

Ashjar 2 by Al Barari will house 84 exclusive residences amidst a lifestyle closer to nature Award-winning luxury developer Al Barari is pressing ahead with Phase Two work on its “desert oasis” in Dubai, which claims the distinction of being the lowest density development in the UAE.

Reem Mall, Abu Dhabi’s up and coming entertainment, dining and shopping destination, has received the go-ahead for its concept plans, representing a significant milestone for the $1-billion project and keeps it on plan to open in 2018.

Diyar Al Muharraq has signed an agreement which will see the construction of a state-of-the-art private school within its man-made islands located off the north of Muharraq in Bahrain.

Private developer Nshama has appointed Unec, a regional construction company, to build the first two apartment blocks at Town Square, Dubai’s first-of-its-kind smartly designed, stylish, green neighbourhood.

Work has started on Phase Two of Duqm Frontier Town in Oman with Al Madinah Real Estate Company building a shopping mall to further develop the economic zone. Being spearheaded by Duqm Development Company, the town is located in wilayat Duqm on the eastern coast of the sultanate, 550 km south of Muscat and a similar distance from Salalah.

Arcapita acquires Phase One of Saadiyat apartments Bahrain-based global investment manager Arcapita has acquired the first phase of Saadiyat Beach Residences, a premium residential apartment complex located in Abu Dhabi, from Mubadala Development Company.