• Ithra Dubai partially opens the Dh5 billion Deira Enrichment Project

    Gulf Property Exclusive Dubai Ithra Dubai, a Dubai Government-owned master developer of the Dh5 billion Phase 1 of the Deira Enrichment Project, opened the first four buildings, part of District 3 of Phase 1 of the massive mixed-use master-planned community, for tenants to move in to the first such major development on the Deira side […]

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  • Sobha Realty to launch US$15 billion mega township project

    Sobha Realty, a UAE-based developer, will soon launch a mixed-use master-planned community that could be four times larger than its US$4 billion (Dh14.68 billion) Sobha Hartland, a top official told Gulf Property. “We are preparing to make the announcement in the next few weeks and the new project will be at least three to four times […]

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  • Emaar Malls profit plunges 69% to US$94 million in first half of 2020

    Dubai, UAE Coronavirus pandemic and subsequent lockdown caused a 69.48 percent fall in the net profits of Emaar Malls to Dh345 million (US$94 million), in the first half of 2020, compared to Dh1.13 billion (Dh308 million) recorded in the corresponding period last year. Shopping malls in Dubai were closed down for nearly two months from March […]

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  • Construction of the Heart of Europe’s Côte d’Azur Resort on Fast Track for Completion in Q4 2020

    The elevations of the four hotels resort Côte d’Azur that will offer a wide variety of European hospitality at the Heart of Europe leisure tourism destination off the coast of Jumeirah, have been completed Dubai, UAE Key Highlights 1.     Côte d’Azur, a resort of four boutique hotels within the Heart of Europe islands is set to open in the […]

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  • TAQA, Masdar, EDF and JinkoPower consortium wins world’s largest solar power plant contract

    Abu Dhabi, UAE A consortium led by Abu Dhabi National Energy Company (TAQA), Masdar, EDF and JinkoPower has won the bid to build the world’s largest greenfield solar power plant, Al Dhafra Solar Photovoltaic an Independent Power Producer (IPP) project, with a capacity to produce 2,000 megawatt (MW) electricity will be developed in Abu Dhabi. […]

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  • Modon Properties awards $525m contracts for Riyadh City South

    Abu Dhabi, UAE Modon Properties, a UAE-based developer, owned by Abu Dhabi-based ADQ, has awarded the infrastructure contracts for phases three and four of Riyadh City South worth Dh1.93 billion ($525 million), in partnership with the Abu Dhabi Housing Authority. The new city is 30 kilometres away from the island of Abu Dhabi. This latest contract completes the awarding of […]

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  • Kleindienst Group Announces the Construction of a 1-km ‘Raining Street’ at the Heart of Europe in Dubai

    Year-round rainfall will ensure 27 degree temperature during hot summer season at the Raining Street Boulevard that will enthrall local and international tourists with year-round European festivals, street cafe, casual dining restaurants, retail outlets, fashion and souvenir shops Press Release Date: Dubai, UAE; June 23, 2020 Key Highlights The world’s first climate-controlled Raining Street will […]

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  • Danube Group appoints SirajPower to manage solar power plants

    Dubai, UAE  Danube Group, one of the largest UAE-based conglomerates, has appointed SirajPower, a leading solar energy provider, as its new solar partner in the UAE.  Danube Group has selected SirajPower to take over the financing, operation, and maintenance of its 1MWP solar power plant spread across JAFZA and Dubai TechnoPark. The solar system will cover […]

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