Construction & Real Estate

Nakheel awards $953m contracts for 544 villas on Palm Jebel Ali

Nakheel, a member of Dubai Holding Real Estate, has awarded contracts worth over AED3.5 billion ($953 million) to Ginco General Contracting and United Engineering Construction (UNEC) for the construction of 544 villas on Palm Jebel Ali, marking a key milestone in the delivery of one of Dubai’s most significant waterfront developments....

Construction & Real Estate

Dubai property prices may soften, but segment variation likely: expert

Dubai’s residential market is unlikely to move uniformly in the months ahead, with price softening expected across the board but with significant variation by property type and community, says an expert....

Construction & Real Estate

Dubai South Properties awards $544m contract for luxury community project

Dubai South Properties has awarded AED2 billion ($544 million) contract to Mohammed Abdulmohsin Al Kharafi & Sons for the development of multiple phases of Hayat by Dubai South. A luxury master-planned community, it will feature 2,500 residential units including townhouses, villas as well as mansions. ...

Construction & Real Estate

Sobha Realty unveils largest master development in Dubai

Sobha Realty has unveiled its largest master-planned development in Dubai as it marks its 50th anniversary. Spanning 37.5 million sq ft, Sobha Sanctuary is a distinguished lifestyle destination rooted in nature and built for the future featuring 20,000 residential units with a mix of apartments and villas. ...

Construction & Real Estate

Sanzen announces sell-out of Phase I units of $642m Sharjah villa project

Sanzen Real Estate Development has announced the complete sell-out of all 240 villas in Phase One of its AED2.36 billion ($642 million) integrated residential project Sukoon located in Al Tay area near the Sharjah-Dubai border. On completion, it will boast 859 villas along with key amenities. ...

Construction & Real Estate

Delivery of Ohana by Sea villas starts, project completion in Q1

Ohana Development, a leading real estate developer renowned for its luxury properties, has announced the commencement of delivery at Ohana by the Sea, its AED700-million ($190.61 million) fully customised villa community located in Al Jurf, along the Abu Dhabi - Dubai coastline....

Construction & Real Estate

ORA starts work on new UAE coastal community project

ORA Developers has broken ground on its flagship 4.8-million-sq-m coastal community, Bayn, at Ghantoot region strategically located between Dubai and Abu Dhabi. A total of 805 villas and townhouses will be built within the first phase. ...