Real Estate

A partnership of Schon Properties and Al Hamad Group is developing iSuites, comprising a massive 2,550 suites, close to the Expo 2020 site in Dubai, UAE. UAE-based Schon Properties has joined hands with leading GCC construction company Al Hamad Group to develop iSuites – a Dh3.

Azizi Developments, a leading UAE-based real estate developer, has awarded two construction contracts worth Dh1.7 billion ($462.85 million) to build 35 buildings in the  Meydan One development. The contracts are for two out of four phases that will be constructed this year, the company says.

Eagle Hills Eagle Hills Bahrain, the developer of the urban waterfront project Marassi Al Bahrain at Diyar Al Muharraq, unveiled The Address Residences at the recent Gulf Property Show 2017 held in Bahrain.

KOA, a developer of unique community projects in the UAE, has launched the UAE’s first large-scale upcycling project, Canvas. Upcycling is an up-and-coming trend that is typically the domain of the design students and local markets in Al Serkal and Al Quoz areas in Dubai.

Dubai Q1 transactions hit $21bn The value of real estate transactions in Dubai, UAE, reached Dh77 billion ($21 billion) through 20,000 deals during the first quarter of 2017, said Sultan Butti bin Mejren, director general of Dubai Land Department.