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INFRASTRUCTURAL DEVELOPMENT - URBAN DEVELOPMENT

Al Fahim to develop Dh800m resort

Posted on 12/02/2007

The Al Fahim Group - one of Abu Dhabi's largest holding companies will develop a 369-room resort in Abu Dhabi with a cost of Dh800 million, the company said in a statement. Designed by 4D Design of Germany, the hotel, which is set to open in the third quarter of 2008, will deliver a striking backdrop to the rejuvenated Creek beachfront when viewed from Maqta Bridge - the main gateway to the capital city. The hotel will have 369 guest rooms, conference and meeting facilities with 12,000 ...  >>MORE

Khalifa visits models of Saadiyat Museums

Posted on 07/02/2007

President H.H. Sheikh Khalifa bin Zayed Al Nahyan yesterday expressed admiration at the concept designs of three museums and an arts centre to be established in the Cultural District on Saadiyat Island. His Highness made his remarks during a visit during which he acquainted himself at Emirates Palace Hotel in Abu Dhabi with the designs of the Sheikh Zayed National Museum, Guggenheim Abu Dhabi Museum for contemporary art, the Classical Museum and Saadiyat Performing Arts Centre. Sheikh ...  >>MORE

Reem Developers to build three marinas in Najmat Abu Dhabi

Posted on 29/01/2007

Reem Developers, a leading property development company, will build three world-class marinas that will form the cornerstone of its flagship project, Najmat Abu Dhabi, which is well on course to becoming Abu Dhabi's landmark urban development. The Abu Dhabi-based developer is currently evaluating bids submitted by contractors for marine works including the construction of the three marinas. The marine works is part of the overall infrastructure package worth Dh. 2.4 billion that will be put ...  >>MORE

Tourism Development & Investment Company, TDIC signs

Posted on 24/01/2007

Dh500 million credit facility with banking consortium Tourism Development & Investment Company (TDIC), the Abu Dhabi headquartered infrastructure development group, has signed its maiden credit facility with a banking syndicate comprising the UAE number one bank National Bank of Abu Dhabi (NBAD), Standard Chartered Bank and HSBC. The finance is to be used to fund a series of major development projects within the UAE capital which are currently being master planned by TDIC, the name behind ...  >>MORE

Emaar readies UAQ Marina centre

Posted on 03/01/2007

Emaar Middle East (EME) is finalising the construction of a presentation centre for its Dhs12 billion (US$3.3 billion) Umm al-Qaiwain Marina waterfront development. Umm al-Qaiwain Marina incorporates residential, retail and recreational facilities, sport and yacht clubs, waterfront resorts, boutique hotels, schools, community centres, open beaches, and landscapes with parks and trails. "Developed as part of an agreement with the Umm al-Qaiwain Government, the 2000-acre Umm al-Qaiwain ...  >>MORE

Sheikh Khalifa visits Fujairah

Posted on 26/12/2006

President H.H. Sheikh Khalifa bin Zayed Al Nahyan, yesterday afternoon, visited a number of utilities and projects in Fujairah. H.H Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, accompanied H.H. Sheikh Khalifa during his tour. Sheikh Khalifa visited Fujairah Hospital which is being built by the Ministry of Public Works at a total cost of Dh 55 million. Work ...  >>MORE

Khalifa orders Dh200m grant to repair houses in Fujairah

Posted on 26/12/2006

President H.H. sheikh Khalifa bin Zayed Al Nahyan has ordered allocation of Dh 200 million for maintenance and renovation of the houses partly damaged by the earthquake that jolted Fujairah recently. Based on his keenness to provide decent living standards to citizens all over the country, Sheikh Khalifa also ordered re-building of 137 houses in the emirate. (Emirates News Agency, WAM) ...  >>MORE

Abu Dhabi tourism company awards Saadiyat Island contract

Posted on 21/12/2006

Abu Dhabi's Tourism Development and Investment Company (TDIC) has awarded a Dh815 million (US$222 million) bulk earth filling contract for its Dh100 billion Saadiyat Island project to Belgium's Jan De Nul. Work will begin in January on filling some 35 million cubic metres of earth which will be used to provide sculpted landform, enhancing vistas for Saadiyat Island's Marina and Cultural Districts - two of six distinct districts in the planned international residential and tourism destination. ...  >>MORE

Aqaar to spearhead Ajman as niche

Posted on 18/12/2006

Ajman Investment and Development Authority (AIDA), the government body behind the development of Ajman, has unveiled a semi-governmental company charged with developing its burgeoning real-estate potential and its first project Ajman 1, which will herald its transformation into a niche residential and tourism destination. The vision of H.H. Sheikh Humaid Bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, is to utilise the development company's to transform the emirate into a ...  >>MORE

Tanmiyat buys 30% stake in Dh250m Stargate project

Posted on 15/12/2006

Property developer Tanmiyat has bought a 30 per cent stake in the Dh250 million space ship-styled children's theme park, Stargate, currently being developed by Osus in Zabeel Park. "A partnership agreement was recently signed between Osus, Tanmiyat Group and the Saudi First Company, Osus's key partner. Under the agreement, Tanmiyat will own a 30 per cent stake in Stargate," a company statement, obtained by Gulf News, said. Osus has been mandated by Dubai Municipality to develop and manage ...  >>MORE

German developers invest over Dh700 million in Majan at Downtown Dubailand

Posted on 14/12/2006

Mizin, the real estate development company of Tatweer, yesterday announced German investor Steuruerlehgrang DE FZ LLC has committed over AED 700 million in Majan, the downtown of Dubailand, to develop the world's seventh largest hotel, 'Conference and Convention Hotel Dubailand'. The 1,050 room facility, developed over a built up area of 450,000 sq ft, will be the tallest 4 star hotel in the region and will include one of the largest ballrooms in the Middle East. Majan, a 16.5 million sq ft ...  >>MORE

Dubai Properties unveils Dh6b Tijara Town

Posted on 14/12/2006

Real estate developer Dubai Properties has launched Tijara Town, a Dh6 billion freehold master development targeting small and medium enterprises. The new development will span 188 hectares and will be located in Dubailand on Al Ain Road close to Emirates Road. Developers say it will offer integrated office, showroom, warehouse and apartments as one unit. The development includes 51 customisable freehold mixed-used units of 7,700 square metres each that aim to help businesses improve ...  >>MORE

Dh4 billion Rakeen launches its first key project in Ras Al Khaimah

Posted on 11/12/2006

Rakeen Al Marjan Islands, the first key project ever of Ras Al Khaimah's newest property developer and master planner RAKEEN, was launched yesterday by Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah. RAKEEN will develop and manage some key projects in Ras Al Khaimah and overseas. Those projects in RAK include Al Marjan Islands, RAK offshore, The Gateway, Al Hamra Amenity Centre, Jabal Al Jais and Banyan Tree Resort. RAKEEN will also develop and manage ...  >>MORE

First phase sale of Emirates City ends

Posted on 08/12/2006

R Holdings has announced the end of the selling of the first phase of the Emirates City, a mega project located on the Emirates Road in Ajman. The project received a good response from investors after its initial announcement due to its offer of strategic location, land plans, designs and services. Dr Ahmad Samerai, executive board member of the group said: "The goal of this project has been to provide a high level of value and quality to all segments of society. "The complete selling ...  >>MORE

Details of how the World works unveiled

Posted on 05/12/2006

Nakheel, the UAE's leading property developer, has announced details of how The World will function as a project, revealing plans for infrastructure, transportation and the different types of islands that are available to developers. Land reclamation of The World, a series of more than 300 man-made islands shaped to form the map of the world off the coast of Dubai, is currently 90% complete with developers currently working to complete their plans for estate islands, residential and resort ...  >>MORE

ALDAR to develop Yas Island as international destination

Posted on 30/11/2006

Leading property developer ALDAR Properties PJSC yesterday announced plans for Yas Island, one of the largest natural islands in Abu Dhabi. Yas Island will be a prestigious world-class leisure destination, with mixed-use tourist attractions including beaches, entertainment, shopping, hotels, residences, golfing, equestrian facilities and motor racing. Yas Island will host the world's first 'Ferrari World'. Shopping will be one of the key attractions, with retail areas occupying a staggering ...  >>MORE

Emaar unveils Phase 2 of Burj Dubai Lake Hotel

Posted on 24/11/2006

Emaar Properties has unveiled the second phase of its serviced apartment project, Burj Dubai Lake Hotel, located on the 3.5km boulevard at Downtown Burj Dubai. Amlak Finance is offering easy finance options to own an apartment in the 63-storey complex, scheduled to open in late 2008. Burj Dubai Lake Hotel is a residential cum hospitality component of the Dh73 billion ($20 billion) Downtown Burj Dubai, which encompasses Burj Dubai, billed to be the world's tallest tower when completed; The ...  >>MORE

Joint venture launches first Dubai project

Posted on 24/11/2006

A three-company joint venture announced its first real estate project yesterday - a Dh3 billion mixed-use office and hospitality freehold development in Jumeirah Village South. Spread over three million square feet, the Plaza Mayor development will feature four 45-storey towers incorporating 80 five-star hotel rooms and office space built around a central plaza area. The project is the result of a joint venture between Ishraqah, a new UAE-based real estate development company, Ta'sees, ...  >>MORE

Lubna says rents to be blamed for high inflation rate

Posted on 22/11/2006

The high cost of housing is the major drive behind the high inflation rate in the UAE, according to Shaikha Lubna Al Qasimi, UAE Minister of Economy. "Inflation has become one of the cabinet's top priorities, but at the federal level we have to work closely with the emirate level authorities such as municipalities and economic departments," Lubna told the audience. Though the hike of foodstuff prices during Ramadan has come to a balance, yet the major item of the consumer spending in the ...  >>MORE

ALDAR extends dredging at Al Raha beach

Posted on 14/11/2006

ALDAR Properties PJSC announced in Abu Dhabi yesterday that it has extended the dredging contract for its major Al Raha Beach development from the initial 10 million cubic metres to 25 million. The additional work adds AED340 million onto the original contract and is a result of recent land acquisition and approval to adjust the borrow area limits. The dredging and reclamation contract for Al Raha Beach was awarded earlier this year, after a tender process, to Dredging International of ...  >>MORE

Dh800 million Yasmin Village launched

Posted on 13/11/2006

Yasmin village, a new rural community to be a landmark for Ras Al Khaimah and built at a cost of Dh800 million, was launched yesterday during a Press conference at Fairmont Hotel. With more than 1000 housing units, Yasmin village comprises also twin villas, twin lake side villas, independent villas, terrace apartments and a tower of apartment offices. The construction of the project will kick off in January 2007 while its delivery is slated for the second half of 2008. The cost of Yasmin ...  >>MORE

Umm al-Qaiwain gets new Dh 8billion master planned community

Posted on 09/11/2006

Sheikh Abdullah bin Rashed Al Mualla, Umm al-Qaiwain Deputy Ruler, and Sheikh Tariq bin Faisal Al Qasimi, Chairman of the Emirates Investments Group LLC (EIG) have recently signed an agreement that will see the establishment of White Bay, a master planned community and tourism resort within the Emirate of Umm al-Qaiwain. With further details to be announced in the coming weeks, the project is worth more than Dh 8 billion. It will be marketed and managed by Emirates Sunland Group (ESG). ...  >>MORE

Dubai Creek has been extended by 2.9km

Posted on 29/10/2006

The extension of Dubai Creek at Business Bay is proceeding ahead of schedule, according to Dubai Properties. The contract one scope of work outlined for the Creek extension was to be completed in three phases and stretched from Oud Metha road to Sheikh Zayed Road excluding bridges. The contract was expected to be completed by January 2007 but the work is ahead of schedule by three months and contract one was completed earlier this month. An additional extension of 2.9km from Oud Metha to ...  >>MORE

Abu Dhabi is rapidly emerging, says Oxford Business Group

Posted on 05/10/2006

Abu Dhabi is now rapidly opening up in areas of tourism, aviation, real estate and manufacturing, according to Oxford Business Group (OBG), the UK-based publishing, research and consultancy services company. Spear heading the research for the second authoritative business annual on the emirate, 'Abu Dhabi 2007', Editorial Manager, Patrick Wrigley, said: "A number of concrete steps have been taken in the last few years to encourage competition and the emphasis on industrial diversification ...  >>MORE

Abu Dhabi projects to top Dh665 billion in four years

Posted on 01/10/2006

Investment projects in Abu Dhabi are expected to top the Dh665 billion mark over the next five years, with Dh340bn going into the construction sector, according to the Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI) SalahAI Shamsi. Al Shamsi, who is also Chairman of AI Qudra Holding, told Al Emarat Al Youm that investment projects will cover five major sectors. "The national economy is heading towards openness, attracting more foreign direct investment and allowing ...  >>MORE

Dubai Municipality chalks out grand plans for Deira development

Posted on 25/09/2006

Dubai Municipality has started to lay out extensive plans for the waterfront development of Deira Corniche. The project is part of the municipality's plans to beautify and develop Dubai coasts. Earlier, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai had a look at the project designs during his last visit to the municipality. Hussain Nasser Lootah, acting Director General of Dubai Municipality, said that the project ...  >>MORE

ADNEC launches sale of plots at 8b Capital Centre

Posted on 20/09/2006

Abu Dhabi National Exhibitions Company (ADNEC) announced yesterday the launch of the sale of plots on 147,582 square meters of prime land at Capital Centre, the new name and brand for the 8 billion (US$2.17 billion) business and residential micro-city being built around the iconic Abu Dhabi National Exhibition Centre in the UAE capital. Capital Centre is being designed by an international team of master-planners, architects and engineers to create a thriving destination. The ...  >>MORE

US$1.7 billion Dolphin City project close to go-ahead

Posted on 15/08/2006

An Australian architect is giving the final touches to the US$1.7 billion Dolphin City Project on an Abu Dhabi island where medical tourism, entertainment, shopping and a luxury seven star hotel would form a unique development in itself and enable the emirate to attract much needed tourism. "Peddle Thorp/Morgan Architects, one of Australia's largest architectural groups, has just completed the preliminary design for a US$1.7 billion Dolphin City project. The final study for the project ...  >>MORE

Falconcity of Wonders, ADCB sign deal

Posted on 09/07/2006

Falconcity of Wonders, a falcon-shaped tourist and recreational city being set up within Dubailand beside the Emirates Road and Al Ain Road, has signed an agreement with Abu Dhabi Commercial Bank (ADCB) to finance properties developed within the project. The agreement was signed between Falconcity of Wonders Chairman and CEO Salem Almoosa and ADCB Chief Executive Officer Eirvin Knox. The strategic partnership between the two entities is aimed at providing an attractive finance option to ...  >>MORE

Nakheel to build luxury resort on The World

Posted on 11/06/2006

Male, The Maldives: Real estate developer Nakheel will build a luxury resort on one of the islands of The World project in Dubai, the company's chairman Sultan Ahmad Bin Sulayem said. Nakheel, The World's developer, is keeping details of the plan under wraps while it works on a "unique brand" for the resort. Bin Sulayem insisted it would not be an ordinary luxury project. The World is a cluster of 303 man-made islands that are being sold to developers and investors to build tourist ...  >>MORE

Old Town Island is progressing rapidly

Posted on 08/06/2006

The Old Town Island, a 26-hectare Arabian inspired island located at the heart of the Burj Dubai Downtown development, is progressing rapidly with its handover scheduled for June 2007. Capturing the traditional charm of ancient Arabia yet offering an exclusive and modern lifestyle, the Old Town Island is an exceptional way to experience downtown living at Burj Dubai. Its neighbourhoods contain a mixture of exquisite low-rise waterfront apartments, 35,000 square metres of retail in the ...  >>MORE

Sama Dubai Invests Dh5 Billion in 'The Lagoons'

Posted on 01/06/2006

Sama Dubai, the international real estate investment and development arm of Dubai Holding, has commenced the construction of the Dh5 billion infrastructure works for 'The Lagoons', its 70 million square foot Dubai Creek waterfront project located near the heart of Dubai. The Dh 5 billion investment will cover the cost of marine works, bridges, roads, elevated roads and water treatment facilities. Water edge treatment is in its early stages, while road works are nearing completion. Sama ...  >>MORE

Another new side to Dubai

Posted on 21/05/2006

World-class urban planners are in Dubai to design Dubai Waterfront – the newest city within a city to come to fruition in the emirate. It is expected to be free of the traffic problems and congestion that characterise much of Dubai. The designers say that the principle reason for this is that Dubai has witnessed staggered and disjointed growth, whereas the Dubai Waterfront project is perfectly planned. The whole development has been planned out with consideration for the traffic ...  >>MORE

Jumeirah Islands to get new commercial elements

Posted on 21/05/2006

Nakheel is likely to create a plan for the upper side of its Dh1.8 billion Jumeirah Islands project to add commercial elements to the residential gated community, an executive has said. The new layout will house restaurants, convenience stores, pharmacies and other amenities, said Mahdhar Al Tamimi, general manager of Jumeirah Islands. Al Tamimi said the master plan also comprises some residential buildings that are low-rise, "in order to minimise the shock of Jumeirah Lake Towers” ...  >>MORE

Work starts on "Island of Happiness"

Posted on 13/05/2006

Ground-clearing work has started on Saadiyat Island, a 27 square kilometre natural island off the coast of Abu Dhabi, major UAE dailies reported last Thursday. Saadiyat Island, which translates from Arabic as Island of Happiness, is the flagship project of the new Tourism Development and Investment Company (TDIC), which is responsible for overseeing the transformation of this unique natural asset into a strategic international tourism destination. The contract, which is expected to take nine ...  >>MORE

Dh50b Culture Village unveiled

Posted on 13/05/2006

Arabian culture and heritage will be the theme of a new Dh50-billion leisure and tourist project being launched in Dubai. Dubai Properties, a Dubai Holding unit, announced yesterday its Culture Village will offer "an elite lifestyle in an intellectually stimulating environment," with year-round cultural events. Culture Village will be located along the Dubai Creek next to Garhoud Bridge on a 40 million square foot plot. The launch of Culture Village answers the need for culture and art to ...  >>MORE

Abu Dhabi ready to spend US$100b

Posted on 09/05/2006

Abu Dhabi will push ahead with its economic diversification plans and will invest more than US$100 billion (Dh367 billion) over the next four to five years, a top government official said yesterday. Also, at least 100 new hotels will be built in Abu Dhabi in the next decade, another top official said. "Over the next four to five years, Abu Dhabi will be investing over US$100 billion in several large scale projects. These include a new airport to handle up to 20 million passengers a year, a ...  >>MORE

The World structures to cost about US$7.6 billion

Posted on 09/05/2006

The cost of building structures on the 303 man-made islands of The World will be around US$7.6 billion (Dh27.89 billion), according to the project's developer Nakheel. Being developed four kilometres from mainland Dubai, The World will have private estates for the super rich, island resort facilities for luxury-seeking tourists and expensive housing units for those who can afford them. A huge marine transport system will connect the islands and allow its estimated 150,000 inhabitants to move ...  >>MORE

Fujairah Paradise project launched

Posted on 03/05/2006

Sheikh Hazza bin Zayed Monday evening attended the official launching ceremony of the Dh2 billion Fujairah Paradise project at the Abu Dhabi Rotana Beach Hotel. A number of senior state officials, businessmen and investors were also present at the function. Mohammed Bin Badwa Al Darmaki, chairman of Paradise International, briefed Sheikh Hazza on the project and phases of its execution. He explained that work on the infrastructure of Fujairah Paradise would start in July and would be ...  >>MORE

Sales touch 30 per cent as The World takes shape

Posted on 02/05/2006

Nakheel's US$3 billion (Dh11bn) project, The World, has already sold 90 out of its 300 islands, including 21 islands in the Australasia region, some islands in Russia, one island in Thailand as well as three private islands, according to a senior official. Even though parts of the project remain to be sold, Nakheel plans to sell only 200 of the total number of islands. "By the end of reclamation, which is 2008, we will stop at the 30 per cent sales. From there, progressively, until about ...  >>MORE

RAK Properties launches Dh10b Mina Al Arab

Posted on 01/05/2006

RAK Properties yesterday launched a residential and tourism project, Mina Al Arab, which, upon completion by 2011, will have a value of Dh10 billion, officials said. Spread along a three-kilometre beach, the project will have 11 five-star resort hotels including two eco-tourism resorts, 3,500 residential units, a cluster of 386 villas, six gated communities and a landscaped corridor. The Government of Ras Al Khaimah, which owns a 45 per cent stake in the company, has provided the land for ...  >>MORE

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Quick List

Al Fahim to develop Dh800m resort


Khalifa visits models of Saadiyat Museums


Reem Developers to build three marinas in Najmat Abu Dhabi


Tourism Development & Investment Company, TDIC signs


Emaar readies UAQ Marina centre


Sheikh Khalifa visits Fujairah


Khalifa orders Dh200m grant to repair houses in Fujairah


Abu Dhabi tourism company awards Saadiyat Island contract


Aqaar to spearhead Ajman as niche


Tanmiyat buys 30% stake in Dh250m Stargate project


German developers invest over Dh700 million in Majan at Downtown Dubailand


Dubai Properties unveils Dh6b Tijara Town


Dh4 billion Rakeen launches its first key project in Ras Al Khaimah


First phase sale of Emirates City ends


Details of how the World works unveiled


ALDAR to develop Yas Island as international destination


Emaar unveils Phase 2 of Burj Dubai Lake Hotel


Joint venture launches first Dubai project


Lubna says rents to be blamed for high inflation rate


ALDAR extends dredging at Al Raha beach


Dh800 million Yasmin Village launched


Umm al-Qaiwain gets new Dh 8billion master planned community


Dubai Creek has been extended by 2.9km


Abu Dhabi is rapidly emerging, says Oxford Business Group


Abu Dhabi projects to top Dh665 billion in four years


Dubai Municipality chalks out grand plans for Deira development


ADNEC launches sale of plots at 8b Capital Centre


US$1.7 billion Dolphin City project close to go-ahead


Falconcity of Wonders, ADCB sign deal


Nakheel to build luxury resort on The World


Old Town Island is progressing rapidly


Sama Dubai Invests Dh5 Billion in 'The Lagoons'


Another new side to Dubai


Jumeirah Islands to get new commercial elements


Work starts on "Island of Happiness"


Dh50b Culture Village unveiled


Abu Dhabi ready to spend US$100b


The World structures to cost about US$7.6 billion


Fujairah Paradise project launched


Sales touch 30 per cent as The World takes shape


RAK Properties launches Dh10b Mina Al Arab