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Azizi to deliver the Dh780 million Azizi Mina in 2018

Azizi Developments, one of the leading private developers in the UAE, said, it will deliver the Dh780 million Azizi Mina, a project on the Palm Jumeirah, by the end of 2018.

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Samana Developers completes 12% construction works of Samana Greens within 100 days

Samana Developers, a Dubai-based real estate developer, said its Dh75 million residential project Samana Greens is on fast track with the contractor on ground completing 10 per cent of the construction works in 100 days, reflecting the developer’s strong commitment to complete the project on time.

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Arada awards first construction contract for Phase 1 of Dh24 bn Aljada

Arada, a joint venture between Sharjah-based Bassma Group and Saudi investor Khalid bin Alwaleed bin Talal, has awarded its first construction contract at its mega mixed-use project in Sharjah, Aljada for the development of the first four Areej Apartments blocks, based within Phase 1 of Aljada, to Modern Building Contracting Company (MBCC), a major contractor that has worked on sites throughout the UAE and Saudi Arabia.

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New projects to boost tourism in Hatta

Meraas, a Dubai-based public-sector asset developer, said, it will develop a number of projects aimed at boosting the tourism sector in Hatta and advancing the social and economic development of the area. The move aligns with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which include the 10-year Hatta Comprehensive Development Plan that he officially announced in 2016.

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Azizi Developments sweetens offers for properties

Azizi Developments, one of the leading private developers in the UAE, said, it is offering competitive pricing along with attractive payment plans for its properties in Al Furjan and Palm Jumeirah.

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Dubai non-oil private sector improves in June, says ENBD Dubai Economy Tracker

The health of the non-oil private sector in Dubai improved at a marked rate in June. Although the headline index fell from May’s recent peak, reflecting easing travel & tourism growth momentum, stronger expansions were registered in both the wholesale & retail and construction sectors. Furthermore, business confidence accelerated to a survey-record high in June amid a strong pipeline of new projects and work outstanding.

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Dubai property transaction value dips 15.9% to Dh111 billion in H1 2018

The value of land and property transaction value declined 15.9 percent in the first half of 2018 reaching Dh111 billion, compared to Dh132 billion recorded in the first half of 2017, Dubai Land Department records show.

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UAE non-oil private sector improves, Emirates NBD PMI shows

The health of the UAE’s non-oil private sector improved to the greatest extent in the year-to-date, buoyed by strong inflows of new business and output growth, according to the latest Emirates NBD Purchasing Managers’ Index (PMI).

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Azizi awards Dh572 million contract for 11 buildings in Azizi Riviera

Azizi Developments, one of the leading private developers in the UAE, has appointed a contractor to commence development of Phase 4 for its flagship project in Meydan One, Azizi Riviera, with construction expected to commence by the end of July 2018.

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Majid Al Futtaim to build $13bn township in Muscat

Majid Al Futtaim, Dubai-based diversified business conglomerate, and Oman Tourism Development Company (Omran), the development arm of the Government of Oman for the development of the tourism sector, said, they will develop a new $13 billion (Dh50 billion) township, Madinat Al Irfan, close to the new Muscat International Airport.

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