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UAE construction projects’ value rises to almost Dh3T

UAE construction projects’ value rises to almost Dh3T

Dubai leads with 3,046 under-construction projects with an estimated value of $118.7B Construction activity in the UAE substantially increased in September compared to the same month last year, with both the value and volume of under-construction projects witnessing an upsurge. According to figures released by BNC Network, there were 7,531 projects worth $252.7 billion (Dh927.4…

UAE’s Azizi says Palm Jumeirah project to open in Q4 2018

UAE’s Azizi says Palm Jumeirah project to open in Q4 2018

Developer’s Mina by Azizi will feature 178 fully-furnished and serviced residences UAE-based Azizi Developments said on Wednesday it is on track with the construction of Mina by Azizi on Palm Jumeirah, with the project expected to be ready by the last quarter of 2018. Architecturally inspired by the traditional Arabic Dhow and the waves, Mina…

Dubai developer Union launches new investment arm

Dubai developer Union launches new investment arm

UPP Capital Investment will specialise in direct and indirect real estate investments Union Properties on Monday announced the formation of a new investment arm, UPP Capital Investment, as the Dubai-based real estate group continues to roll out its diversification strategy. The new entity will specialise in direct and indirect real estate investments, and will provide…

Dubai’s hotel serviced apartments are now hot picks

Dubai’s hotel serviced apartments are now hot picks

Across key locations, they have widened the gap in price premiums over ready units Dubai: For the yield chasing wealthy investor Dubai’s hotel serviced apartments are still the place to be in. In recent months, the premium that a serviced apartment can command over a standard ready unit in key locations has widened, and in…