Monday, March 19, 2018 10:32 PM

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Sharjah Waterfront City: Miami of the East

Sharjah Waterfront City, the Dh25 billion beachfront mixed-use master-planned community that will host 60,000 residents, 95 towers, 1,500 villas and townhouses, a large regional shopping mall and a water theme park spread on eight natural islands, has started the construction of the Phase 1 of the massive project.


Azizi Developments to start constructing Dh3 bn 122-storeyed skyscraper in Dubai

Azizi Developments, one of the leading private developers in the UAE, said it will start constructing a Dh3 billion mixed-use 122-storeyed tower that will rise to 570 metres tall on Sheikh Zayed Road in the third quarter of 2018.


Dubai pushes ahead Smart City projects

Two UAE cities – Abu Dhabi and Dubai – are leading global rankings in the Middle East on a number of indicators that reflect that both the cities are ahead of others to become smart cities. Abu Dhabi ranked 64th while Dubai ranked 66th in the IESE Cities in Motion Index 2017 and becomes the top two cities in the Middle East ahead of others in the smart cities ranking.


St. Kitts’ citizenship by investment demand jumps to 250% after new 50% slash in investment amount

Demand in immigration business jumps to 250 per cent – the highest in the world – due to the devastating impact of the 2017 hurricanes in the Caribbean that have created a need for funds to re-build the devastated areas, create new jobs and put the economies back on track.


Damac to tender second tower at its Aykon City

Damac Properties said, it has issued a new tender for main works for a second tower at its six-tower, premiere luxury master development, Aykon City, on Sheikh Zayed Road overlooking Dubai Canal. The tender will be awarded for the tower construction which includes three basements, ground floor and 10 podium levels, in addition to a dedicated lifestyle and entertainment level, 49 residential floors and a rooftop. The total built up area will be 1.7 million square feet.


Dubai WoodShow takes off with more than 300 exhibitors from 55 countries and six country pavilions

Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Cabinet Member and Minister of Infrastructure Development, officially inaugurated the 13th edition of the Dubai Woodshow at the Dubai World Trade Centre on Monday, March 12, 2018, in the presence of Pacome Moubelet Bouyeba, Gabonese Minister of Forest, Vira Khmerova, Vice President of the Department of Chemical Engineering and Wood Processing, Ministry of Industry and Trade of Russia, along with other key international dignitaries and officials from the UAE and Dubai governments.


Decoding Smart City: From fiction to reality

Some of the Hollywood fictions that showed how robots been used to add comfort in life – where robot carries out all the daily chores, cleans the house, washes clothes among other works – to cars flying in the air and delivering passengers on docking space on high-rise buildings after criss-crossing amid growing air traffic, might become start realities as most cities in advanced economies are racing against time to become Smart Cities by adoption of technologies to improve service delivery.


Dubai Land Department values 8,000 properties worth Dh287 billion in 2017

Dubai Land Department (DLD) said, it has conducted 8,173 real estate valuations worth over Dh287 billion — the highest value ever recorded — in 2017.


Danube Properties raises portfolio value to Dh3.14 billion with new project, Jewelz

Danube Properties, one of the fastest growing real estate developers in Dubai, on Wednesday launched Jewelz – the developer’s 10th residential project that will add 463 apartments with a development value exceeding Dh300 million and raise its overall development portfolio to 3,628 units worth Dh3.14 billion in less than four years.


Arabtec bags Dh424 million contract from Damac to build 916 villas at Akoya Oxygen

Damac Properties has awarded another construction contract worth Dh424 million to Arabtec to build additional villas in Akoya Oxygen. Emirates Falcon Electromechanical Co. (EFECO), a subsidiary of Arabtec, will be carrying out the MEP works for the project.