Real Estate

Leading developer Emaar is set to launch one of the world’s finest city-harbour getaways, the Creek Marina, in the heart of Creek Island Dubai – the premier residential and leisure district of the 6 sq-km mega development, Dubai Creek Harbour – by the year-end.

Bahrain-based Cityview Real Estate Development Company has completed its Cityview residential tower located in the Seef District. The project, which had been put on hold in 2011, was completed with the help of one of its key shareholders, Ithmaar Bank, which provided the necessary financing.

Danube Properties has announced that its latest project in Dubai – the Dh550-million ($150 million) Lawnz – was sold out within five days of its launch. Lawnz, located in International City Phase One, offers 1,032 residential units and various amenities including a 3.

Although market conditions in Abu Dhabi remain relatively unchanged, a major announcement by Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohamed bin Zayed Al Nahyan in the second quarter introducing an economic stimulus package for Abu Dhabi is expected to drive economic growth, according to leading real es

Radisson Hotel Group has announced the signing of its first ‘Radisson’ brand hotel in the Middle East at Damac Hills in Dubai,  UAE. Under construction and due to open in Q4 2019, Radisson Hotel, Dubai Damac Hills will feature 481 rooms, including one and two-bedroom suites.

Dubai Properties has appointed ART Marine, the region’s largest 360-degree leisure marine enterprise, as the exclusive operator of its marina at Culture Village. Culture Village is one of Dubai Properties’ defining mixed-use developments, located along Dubai Creek, says the UAE developer.

Azizi Developments, one of the leading private developers in the UAE, has announced a major construction milestone for Azizi Riviera, its flagship Dh12-billion ($3.26 billion) waterfront community project located at Meydan One in Dubai, UAE. Construction work on Azizi Riviera, which was launched in July 2017, is now 20 per cent complete.

Al Forsan Real Estate says it has added 15,000 sq m of retail and entertainment space at Town Square at the centre of  Al Forsan Village, its vibrant community destination in Abu Dhabi’s Khalifa City.

Nakheel builds new marinas on Palm Jumeirah Nakheel is building a new marina at Azure Residences. Dubai-based master developer Nakheel is investing Dh15 million ($4.08 million) to increase boat mooring capacity on Palm Jumeirah, with two new marinas that will bring the total berths on the island to 600.