News
Bahrain’s Diyar Al Muharraq, a US$2.5 billion waterfront city development at Bahrain Bay comprising seven islands, reflects sustained investor appetite for the region’s property sector, its chief executive says. Maher Al Shaer, the chief executive of Diyar Al Muharraq, will present the development at the Cityscape Global in Dubai, which runs from Spetmeber 6 to…
Work on Aldar Properties’ first mid-market housing block in Abu Dhabi is set to start after the developer awarded the contractor Fibrex a Dh258 million contract to build it. Construction work on the two 26-storey Meera Shams towers in the Shams area of Reem Island in the capital will start immediately, Aldar said. The planned…
Depa chief executive says Dubai fit-out contractor’s restructuring aimed for clearer strategy The chief executive of Dubai fit-out contractor Depa has said its restructuring has been aimed at adopting a clearer strategic focus. Hamish Tyrwhitt, who was appointed as chief executive in April, has overseen the creation of six separate operating companies overseen by a…
People living in older villas and flats pay higher water and electricity bills because of energy leaks, and faulty plumbing and construction. ABU DHABI // While the UAE pushes towards sustainability and conservation in its power supply and new building criteria, older buildings remain “leaky” and far from green. As some residents have discovered, the…
Owning a home is a keystone of wealth… both financial affluence and emotional security.