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Arabtec subsidiary awarded Dh117m project from Emaar

Arabtec

Arabtec Holding said that its wholly-owned subsidiary, Emirates Falcon Electromechanical Co. (EFECO) was awarded a Dh117 million project contract by Emaar Properties. The contract is for mechanical, electrical, and plumbing works of the Creek Horizon in Emaar’s Dubai Creek Harbour Development. The plot has a total built-up area of nearly 130,000 square metres, with the…

Supply fears have been exaggerated in Dubai

Dubai offplan

As we get to the halfway stage of the year, what is clear is that the real estate (and the equity markets as well) market thus far remains sluggish. While the recent suite of initiatives announced have evinced excitement among investment stakeholders, it is apparent that at this stage, despite the broad-based recovery in oil…

Azizi Plaza on track for delivery in H2

Azizi

Azizi Developments, a leading private real estate developer operating in the UAE for over a decade, is on track to deliver its second largest project in the upcoming development of Al Furjan in the second half of 2018. The sprawling Azizi Plaza, a 508,195 sq ft project, consists of a total of 434 units of…

Damac showcases luxury properties in Beijing

Damac

Damac Properties is presenting five of its flagship properties at the ongoing Luxury Property Show Beijing. The developer is showcasing the Golf and Greens apartments at Damac Hills and the Damac Residenze on Palm Jumeirah, both available now, the Maison Prive and Damac Towers, due for delivery this year, and Aykon City, due for delivery…