Monday, December 18, 2017 5:25 AM


Emaar unveils ‘17 Icon Bay’ residences located in the heart of Dubai Creek Harbour’s Island District

Emaar Properties has launched a 43-storey residential tower, 17 Icon Bay – at the heart of the Island District of Dubai Creek Harbour, the 6 square kilometre mega-development only 10 minutes from the Dubai International Airport, which will also feature the Tower – a super tall tower surpassing Burj Khalifa – that will push the upper limit of skyscrapers to nearly a kilometre in height.


Dubai real estate brokers earn $223 million in six months

Real estate brokers have earned Dh820 million ($223 million) in the first six months of the year, according to Dubai Land Department (DLD), the emirate’s land and property registry.


ENOC awards final contract for $1bn Dubai refinery expansion

Dubai's Emirates National Oil Company (ENOC) Group has awarded the final contract of three packages that comprise its $1 billion refinery expansion programme to Overseas-AST. The Engineering, Procurement and Construction (EPC) contract includes the construction of various interconnecting pipelines between the refinery’s processing units, the storage tanks and the berth facilities within Jebel Ali Free Zone (JAFZA).


Indians invest Dh20.4 billion in Dubai’s real estate in 18 months

Indian nationals topped the list of foreign investors in Dubai’s real estate market investing Dh20.4 billion (US$5.55 billion) through 10,628 transactions in 18 months, starting from January 2016 till June 2017, according to Dubai Land Department.


Seventy-Floor Tower to Rise Along Dubai’s Sheikh Zayed Road

Dubai Investments will commence construction of its first US$272.48 million (AED1 billion) skyscraper before the end of this year, according to its chief executive officer. The 70-story freehold residential tower will come up on Sheikh Zayed Road, next to Al Habtoor City and Damac’s Aykon City


Damac to sell Cavalli villas for Dh1.3 million

Damac Properties, a leading luxury real estate developer in the region, has announced a collaboration with the Roberto Cavalli Group to launch the world’s first villas to feature interiors with the “Just Cavalli” signature-style. Located in one of Dubai’s most prestigious golf communities, the luxury villas perfectly embody the designer’s bold and iconic styling and ethos, with exotic and innovative interiors complemented by daring exteriors.


Marriott to open two hotels in Dubai’s Jumeirah Village Circle

US hospitality group Marriott International has announced an agreement with Khamas Group of Investment LLC to open two new mid-market hotels in Dubai’s Jumeirah Village Circle development. Scheduled to open in 2020, the two hotels combined will add 250 rooms to Marriott’s portfolio in the UAE and further strengthen the company’s regional presence in the mid-market segment.


Dubai’s new tower readies for construction

Construction of the foundation for The Tower at Dubai Creek Harbour that was completed in May 2017, involved the insertion of 145 barrettes 75 metres deep into the ground to make up a stable core for the 928 metres tower. The barettes were surrounded with 211,200 tonnes of concrete and 15,000 tonnes of steel caging.


Drake & Scull secures Dh175 million contract in Dubai

Drake and Scull International, a regional market leader in engineering and related services, has confirmed that its general contracting subsidiary, Gulf Technical Construction Company (GTCC), has been awarded a Dh175 million contract by Orion Real Estate Development. to build the latter’s latest project, the West Bay residential tower located at Dubai’s Business Bay.


Emirates Glass wins projects worth Dh100 million in UAE, Kuwait, Saudi Arabia

Dubai Emirates Glass, a subsidiary of Dubai Investments and one of the largest processors of flat architectural glass in the region, said it has won mega projects worth Dh100 million from the UAE, Kuwait and Saudi Arabia.