• Value of 2,069 properties transactions in Dubai hit Dh10.7 billion in a week

    Gulf Property Report Dubai Dubai, UAE The total value of 2,069 land and properties transactions exceeded Dh10.7 billion (US$2.91 billion) in a week ending June 10, 2021, according to Dubai Land Department, the property registry inn Dubai. As many as 219 plots were sold for Dh1.46 billion while 1,418 apartments and villas were sold for Dh2.81 billion. The […]

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  • ALEC Energy secures contract to install solar panels on Dh1.2 billion new DEWA head office

    Dubai, UAE: ALEC Energy, a subsidiary of Alec Engineering and Construction, has won the contract to provide a solar photovoltaic solution for the Dh1.2 billion new headquarters of Dubai Electricity and Water Authority (DEWA), currently being constructed in the Al Jaddaf area of Dubai. DEWA previously awarded the first phase of construction, worth Dh46 million, to […]

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  • Arada awards Dh180 million contract to build The Boulevard at Sharjah megaproject Aljada

    Sharjah, UAE: Arada, a Sharjah-based master developer of communities, said, it has awarded the construction contract to build The Boulevard, an upscale residential complex at its Sharjah mega-community Aljada. Located in the edge of the ultra-contemporary East Village district of Aljada, The Boulevard comprises three apartment blocks, featuring a wealth of amenities and surrounded by lush […]

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  • Dubai records US$1.1 billion worth of property transactions in a week

    Dubai, UAE: The total value of 1,562 real estate transactions reached US1.1 billion (Dh4.1 billion) in Dubai in a week starting May 16-May 20, 2021, according to Dubai Land Department, land and property registry of the Government of Dubai. As many as 120 plots were sold for Dh874.43 million, 1,038 apartments and villas were sold […]

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  • Nakheel sells Dh800 million worth of villas in a record four hours

    Dubai, UAE Dubai-based master developer Nakheel said, it has sold Dh800 million worth of villas in a record four hours, “with investors clamouring to snap up new villas” at its new Murooj Al Furjan community. “Phase one, comprising 217 four- and five-bedroom homes released on Thursday, May 20, is sold out,” a Nakheel statement said. […]

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