• Nakheel gets 10 construction bids for $182m resort


    Dubai-based master developer Nakheel is assessing 10 proposals for the construction of its new, Dh670 million ($182 million), 800-room RIU beachfront resort at Deira Islands, with the lowest bid at Dh363 million.

  • Gulf Capital announces sale of UAE portfolio firm


    Gulf Capital, an active alternative asset manager in the Middle East, has announced the successful sale of its portfolio company, Reach Employment Services, and generating a return of over two times its original investment.

  • Euro Auctions in debut Dubai sale success


    Euro Auctions, a leading international auctioneer of construction machinery and agricultural equipment, recently held its first-ever sale at the company's new permanent site in Dubai, UAE drawing the best of regional bidders.

  • EDB launches new housing loan scheme for UAE nationals


    The Emirates Development Bank (EDB) has launched a new finance scheme under which UAE nationals will get a supplementary loan of Dh3 million ($816,616) and another loan to buy a house worth Dh5 million ($1.36 million).

  • Al Thuriah set to launch new tower in Sharjah


    UAE-based Al Thuriah Properties, a premier developer specialising in high-rise residential towers and communities, has announced plans to launch a new tower in Sharjah early next year.

  • Asteco leasing agent for Dubai mixed-use tower


    Asteco, one of the region’s leading real estate firms, has been appointed exclusive leasing agent for Duja Tower (meaning 'just before dawn'), a unique building owned by Nasser Lootah Real Estate in the heart of Dubai’s business district.

  • $72bn hospitality projects under way in UAE


    A total of 543 hospitality projects worth Dh262.77 billion ($72 billion) are currently under way across the UAE, thus reflecting the vibrancy of the leisure, tourism and the entertainment sectors, said a report.

  • DP World, IGY Marinas to build superyacht complex in France

    12 BERTHS FOR GIANT VESSELS
    Dubai-based marine terminal operator DP World said one of its units, P&O Marinas, has joined hands with top marina operator and developer IGY Marinas to build a major superyacht complex in Sète, France.

  • Saudi group awards $37m hospital expansion contract


    Saudi-based Dallah Health Company has awarded a SR140 million ($37.3 million) contract to Youssef Marroun Contracting Company for expansion of the western side of the Dallah Hospital - Al-Nakheel in capital Riyadh.

  • 140 industry leaders for Gulf Glass


    A total of 140 leading stakeholders in the glass industry are set to convene at the upcoming Gulf Glass, a leading industry event, in Dubai, UAE.

  • Milestone to unveil key Turkish projects at Bipex


    Milestone Properties, a leading real estate company in the region, is set to showcase multi-use real estate projects on the European side of Turkish capital Istanbul at the upcoming Bahrain International Property Exhibition (Bipex).

  • Muriya launches Phase II of Oman freehold project


    Muriya, one of the largest and most diversified private real estate and tourism developers in Oman, has launched the second phase of its free-hold development, Lagoons Project, located in Salalah region of the sultanate, said a report.

Building & Construction Window


Construction News

Nakheel gets 10 construction bids for $182m resort

Dubai-based master developer Nakheel is assessing 10 proposals for the construction of its new, Dh670 million ($182 million), 800-room RIU beachfront resort at Deira Islands, with the lowest bid at Dh363 million....



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