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Shah Rukh Khan-backed affordable housing project takes off in Dubai

Texture awards first construction contract, townhouse completion by Q3 2017 Work on Shah Rukh Khan-promoted Dh2.3-billion Royal Estates, an affordable housing project, in Dubai has finally begun. exture Group, the current owner, has awarded the first construction contract to Armada Contracting for townhouses in the massive development coming up in Dubai Investment Park. “Work has…

Dhs1.2 billion Nakheel Mall takes shape on Palm Jumeirah Dubai

nakheel mall construction

The Dhs1.2 billion Nakheel Mall is taking shape in Palm Jumeirah, with construction approaching 50 per cent completion. 4.5 million square foot retail, dining and entertainment destination by Nakheel has three underground parking levels, with 4,000 spaces, are nearly complete, with the overall superstructure due to be finished in Q3 this year. Work is also…

Rents in Dubai falling? Not in these localities

With the stagnation of global growth and liquidity crunch caused by low oil prices, many economies around the world have had to readjust their financial forecasts. Be it banking or real estate, each sector is negotiating decreasing demand, forcing stakeholders to look for areas still offering some room for growth. The lessened demand from international…

Expo 2020 Dubai reveals master plan

Pavilions dedicated to Opportunity, Mobility, Sustainability Expo 2020 Dubai revealed its master plan displayed at the two-day Arab Media Forum which opened at the Dubai World Trade Centre on Tuesday. Visitors to the 15th edition of the forum were among the first to take a glimpse at how the Expo 2020 Dubai site will look…