• China’s Envision to set up Wind Power Manufacturing Plant in Saudi Arabia

    Date: Abu Dhabi, UAE, September 07, 2022 Envision, a Chinese net zero energy technology partner, will set up a wind power blade manufacturing unit in Saudi Arabia which will support the wind power industry in the Middle East and Africa, a senior company official said. “We plan to start our office in Saudi Arabia this […]

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  • US$700 billion investment to boost renewable energy in the Arab World by 2050

    The Arab World will witness US$700 billion investment in renewable energy transition between 2020 and 2050 with a target to generate more than 70 Gigawatts of power from renewable energy by 2050, a top official said at the two-day MENA Power Projects 2022. A shift from fossil-fuel to renewable energy sources – solar, wind, hydro and green hydrogen […]

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  • Naresco Contracting bags main construction contract for the Dh475 million Skyz Tower from Danube Properties

    Dubai, UAE Naresco Contracting LLC has won the main construction contract for the development and delivery of the Dh475 million Skyz Tower at Arjan in Dubai. Skyz will be developed at an 67,837.39 square feet plot of land at Arjan, close to the Miracle Garden with easy access to Mohammed Bin Zayed Highway. The tower overlooks Miracle Garden, […]

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  • UAE Investor Mulk International starts developing US$500 million Zim Cyber City in Harare

    President of Zimbabwe, HE Emmerson Mnangagwa on Wednesday broke ground to launch the US$500 million (Dh1.83 billion) Zim Cyber City – a state-of-the-art mixed-use hi-tech park at the outskirts of Zimbabwe’s capital city Harare – that is being developed by UAE-based diversified industrial conglomerate Mulk International. Sprawled across 2.5 million square feet, Zim Cyber City is currently under construction […]

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  • Arada records Dh2.41 billion in sales in 2021 and plans to deliver 4,000 homes in 2022

    Dubai: Sharjah-based property developer Arada reported a 38 percent growth in sales value to Dh2.41 billion in 2021, compared to the previous year.The company has sold 2,488 homes in 2021, a 6 percent increase on the year before, as buyers continued to invest in higher-value apartments and villas. Prince Khaled bin Alwaleed bin Talal, Vice Chairman […]

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  • Azizi Developments to deliver 42 projects comprising 8,895 units in 2022

    Dubai, UAE: Dubai-based property developer Azizi Developments, said it will deliver 42 projects comprising 8,895 units in 2022, that will rebalance the residential property market where prices have been appreciating since the beginning of 2021. The developer reported a 44 percent increase in sales of its premium off-plan, completed, and soon-to-be-completed residential and commercial developments throughout […]

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  • Dubai’s 131,358 buildings come under 5-star classification

    Dubai Government has completed the star-rating of 131,358 existing buildings, ranking them from 1-star to 4-star and a 4 Plus-star in order to create a comprehensive database of all the assets and benchmarking them based on certain quality criteria. The total number of buildings in Dubai reached 131,358 including 102,523 villas and 28,835 buildings in […]

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  • Marjan announces the opening of Dh450 million 515-room Hampton Hotel at Marjan Island

    Marjan, a leading freehold property developer in Ras Al Khaimah, said, it has opened the largest Hampton branded hotel at its flagship Marjan Island, called Hamption by Hilton Marjan Island adding 515 rooms to Ras Al Khaimah’s growing tourism industry. The project, valued at Dh450 million (US$122.5 million) is the first property by the hotel […]

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