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Aldar to buy Saadiyat Island assets in Dh3.7b deal, one of UAE’s largest property acquisitions

Aldar properties

Aldar to buy Saadiyat Island assets in Dh3.7b deal, one of UAE’s largest property acquisitions The consolidation moves in UAE’s real estate sector continues with Aldar Properties acquiring Dh3.7 billion worth of assets from Abu Dhabi’s other master-developer Tourism Development & Investment Co., developer of the Louvre Abu Dhabi. This is rated as “one of…

Dubai developer ties up with luxury Italian brand

Dubai

Dubai developer ties up with luxury Italian brand Dubai’s real estate continues to attract global brands, with Italy’s Tonino Lamborghini becoming the latest entrant by tying up with local developer Oriental Pearls. The Italian luxury brand has granted the developer the rights to use its brand for its Dubai projects for a minimum of 10…

$1.2b Reem Mall to be completed in 2020

Reem Mall

$1.2b Reem Mall to be completed in 2020 Abu Dhabi: The construction of $1.2 billion (Dh4.4 billion) Reem Mall began on Sunday with a foundation laying ceremony on Reem Island. Shaikh Nahyan Bin Mubarak Al Nahyan, Minister of Tolerance and other top Abu Dhabi government officials were present on the occasion. Reem Mall is set…