• 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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  • 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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  • 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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  • Land deal value in Dubai hits Dh6.2 bn in a week

    Gulf Property Exclusive Summary of weekly real estate transactions for the week ending 26 August 2021. Dubai The total value of 1,849 land and properties transaction reached Dh6.2 billion in a week ending August 26, 2021, said a latest Dubai Land Department release. Of these, 215 land plots were sold for Dh1.2 billion, while 1,130 […]

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