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INFRASTRUCTURAL DEVELOPMENT - INFRASTRUCTURAL DEVELOPMENT

Dubai Properties preserves UAE's architectural heritage at Culture Village

Posted on 14/08/2006

Traditional architectural facades will give Culture Village a distinctive insight into the history of the Gulf and the rich heritage of Dubai. Developed by Dubai Properties, a member of Dubai Holding, the Dh50 billion landmark project will feature layouts of traditional Arabian towns with clustered edifices separated by narrow shaded alleyways. The architectural portico of the buildings will include decorative details on the walls, doors and windows in the form of carved wood and shaped ...  >>MORE

Dubai's Atlantis takes shape on Palm Jumeirah

Posted on 25/07/2006

Dubai's US$1.5 billion answer to the legendary lost city of Atlantis is emerging from the depths of the Arabian Gulf, slowly but surely taking shape on the sands of the Palm Jumeirah. Seven months since work began on the ocean-themed resort, the first phase of the project is showing signs of life with approximately 14 per cent of construction work complete. Sixteen tower cranes are in place, the project's 2,000 piles and associated foundation works have been completed and the concrete ...  >>MORE

Sky Tower groundbreaking launches construction of Sorouh's Shams Abu Dhabi

Posted on 25/07/2006

Sorouh Real Estate today began construction work at the site of its flagship project, Shams Abu Dhabi, with a groundbreaking ceremony for its 83-storey, 379-meter high Sky Tower which will be the tallest building in Abu Dhabi. Shams Abu Dhabi, Sorouh's prestigious launch project, is located on Reem Island, 300 meters across from the northeastern shore of Abu Dhabi city. Top executives of the company, who were on hand to brief Abu Dhabi and Dubai-based journalists at a media tour of the ...  >>MORE

Burj Dubai takes shape

Posted on 21/06/2006

Burj Dubai, which will be the world's tallest tower, yesterday reached 50th floor, or 25 per cent of its habitable height. Construction of the Dh3.673 billion tower, which started in early 2005, will end in 2008 and is progressing at a rate of one floor per week. Over 3,000 workers are working on the site where more than 160,000 cubic metres of high-quality concrete and 25,000 metric tonnes of steel rebars have been used. (Gulf News) ...  >>MORE

Dubai has 30,000 construction cranes

Posted on 18/06/2006

About 30,000, or 24 per cent of the world's 125,000 construction cranes, are currently operating in Dubai, according to the organisers of the Conmex construction machinery exhibition. Demand for construction related machinery, equipment and vehicles is expected to continue rising in the Middle East, especially in the UAE, due to the continuing construction and real estate boom. In 2003, the UAE's market for heavy construction machinery stood at US$165 million, road construction machinery at ...  >>MORE

Abu Dhabi firm launches Dh6.5bn Addax Port plan

Posted on 17/06/2006

Abu Dhabi Towers Property Investment Company has launched Dh6.5bn Addax Port project on Reem Island. The project comes a day after Abu Dhabi set up an economic development council, which seeks greater participation from the private sector into the emirate's economy. The port development aims to become the capital's business and residential hub. Covering an area of 8.7 million square feet, Addax Port will have its own private bay setting within Abu Dhabi's Reem Island. The project will ...  >>MORE

Business Bay's Dancing Towers unveiled in NY

Posted on 14/06/2006

The design of Business Bay, Dancing Towers, was revealed at New York's prestigious Guggenheim Museum this week, as part of a retrospective exhibition on UK-based architect, Zaha Hadid. The Iraqi-born architect was recently declared the winner of an international competition to design three iconic towers at Business Bay, the region's business capital. Dubai Properties CEO Hashim Al Dabal: "Zaha Hadid's design for the Dancing Towers confirms Business Bay's role as a project that reflects ...  >>MORE

Dh500m 'The Prism' to be ready by 2008

Posted on 04/06/2006

The second major commercial project at Business Bay has got underway with Credo Investments FZE announcing the launch of its Dh500-million development "The Prism." The project, which is strategically located at the entrance of the Business Bay with direct access to the city's arterial Sheikh Zayed Road, is the second commercial property being developed by Credo. The work of the G+35 structure, to be built on a sprawling area of 66,000 square feet credited with a breath-taking view of the ...  >>MORE

About 70% of Sheikh Zayed Grand Mosque completed

Posted on 01/06/2006

Work on the multi-billion- dirham Sheikh Zayed Grand Mosque in Abu Dhabi is now nearing completion. About 70% of the work on the edifice, located near the Al Maqta Bridge, has now been completed. According to Engineer Juma Mubarak Al Jenaibi, Under Secretary for the Abu Dhabi Department of Municipalities and Agriculture, who took the press on tour of the landmark project, so far about Dh1.167 billion, had been spent on the project, which is scheduled to be completed in September 2007. ...  >>MORE

Demand for infrastructure projects to exceed Dh1.1 trillion

Posted on 30/05/2006

The value of infrastructure projects in the Gulf is likely to exceed US$300 billion (Dh1.1 trillion) over the next 10 years – fuelling a spurt in project finance activity with last year alone amounting to more than US$30bn (Dh110bn), according to Harnek Shoker, an expert with law firm Freshfields Bruckhaus Deringer. A booming economy has fuelled huge infrastructure development, which in turn has translated into hectic project finance activity in the Gulf, analysts said. Project finance ...  >>MORE

Executive Towers set to open next year

Posted on 27/05/2006

The Dh2.5-billion Executive Towers, Dubai Properties' first project in Business Bay, is proceeding on schedule as 11 floors are being completed each week, the developer said. The Executive Towers development consists of 11 buildings which are expected to be complete by next year. The project will also be home to the Business Bay Hotel and Bay Avenue, the retail sector of the development. Business Bay will offer office space for international businesses. Work is proceeding simultaneously on ...  >>MORE

Central market 'ready by 2008'

Posted on 24/05/2006

ALDAR Properties' flagship project, the Central Market Redevelopment, built at a cost of Dh2.6 billion will be handed over to tenants by the beginning of 2008. Mark Allchin, senior development manager at ALDAR said the first phase of the project, consisting of the souk, will be handed over to the original owners and would be ready for business by either end of 2007 or beginning of 2008. Allchin said the property would be mixed-use development and will have a built up space of 600,000 sq. ...  >>MORE

New cluster of 24 towers to be built in Falconcity

Posted on 13/05/2006

Falconcity of Wonders, a falcon-shaped tourist and recreational city being set up in the huge Dubailand project, will have a new cluster of buildings called Central Park Towers NY. The cluster is modelled after the towers surrounding New York City's Central Park. The Central Park Towers, which will be located at the base of Falconcity beside other themed projects such as Rome, Venice, Beirut, and India, will comprise a total of 24 towers made up of residential, commercial and hotel towers. ...  >>MORE

Dubai to get Dh100b tourism and leisure complex

Posted on 02/05/2006

A Dubai company will build the world's longest hotel strip as part of a Dh100 billion tourist and leisure resort in the city, its developers said yesterday. Unveiled yesterday by His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the project will be spread over 139 million square feet in Dubailand. It will feature a cluster of 31 hotels offering more than 29,000 rooms and 100 theatres presenting live cultural shows. Tatweer, a ...  >>MORE

Emirates Dredging in deal with Holland firm

Posted on 25/04/2006

Emirates Dredging Company, a wholly-owned subsidiary of Abu Dhabi-based AI Nasser Holdings, has announced it signed an agreement with IHC Holland to build one cutter suction dredging vessel and a land booster station. The dredging vessel to be delivered in 2007 is a 1,100 kw power-on cutter with significant cutting power for dredging both sand and rock. The land booster station has 1,825 kw power-on-the-pump for pumping material from the site where the dredging operations are conducted. ...  >>MORE

Regional projects values top US$1 trillion

Posted on 23/04/2006

Projects planned, or already under development, in the Gulf have crossed the US$1 trillion mark, according to new market figures from MEED projects. Research from the Middle East's leading business opportunity tracker shows that the total value of projects has risen by more than US$250 billion in the first three months of 2006 alone, and exceeded US$1 trillion in the first week of April. The projects market in the region is now the biggest globally on a per capita basis, while the Middle ...  >>MORE

The world's tallest commercial tower set to change the skyline of Dubai

Posted on 22/04/2006

In a city of superlatives, it seems only natural for one of the world's tallest commercial towers to be built in Dubai. The Burj Al Alam is the latest and grandest achievement of Fortune Group, a leading Dubai-based contracting and investment firm, and will stand at 108-storeys (482 metres) and valued at an estimated Dh4 billion (US$1.1 billion). Come 2009, Dubai and the world will have a new reason to look up way up! New York has the Empire State Building. Taipei has Taipei 101. Chicago has ...  >>MORE

Burj Dubai to go up to 200 floors

Posted on 16/04/2006

The world's tallest tower, Burj Dubai, is slated to go as high as 200 floors, a company official revealed. "It has reached floor No 40. It is over 20 per cent of the total habitable floors," Abdullah M. Bin Lahej, Director of Construction for Emaar Properties, developer of the tower, told Gulf News. This translates into nearly 200 habitable floors, dwarfing all other man-made structures and nearly double the height of the 442-metre Sears Tower in Chicago, which has the highest habitable ...  >>MORE

Falcon City of Wonders offers big investment opportunities

Posted on 11/04/2006

Falcon City of Wonders, a Dh5.5 billion project being set up within Dubailand, spread over more than four million square metres offers various investment opportunities for local, regional and international investors. Recently, Falcon City of Wonders tied up with Emirates Islamic Bank to finance properties developed within the project which includes the SmartHome- Home Finance scheme, HomeLease scheme and the HomeInvest scheme. Falcon City of Wonders project will feature structures based on ...  >>MORE

Sorouh Sets Up sales Outlet for SkyTower at Marina Mall

Posted on 10/04/2006

Sorouh Real Estate has announced the inauguration of a sales outlet for the Sky Tower, at the Marina Mall here. The sales outlet, which started operations yesterday, will showcase the 83-storey Sky Tower which is part of The Gate, Shams Abu Dhabi project. 'Subsequent to the successful launch of the project during ARABIAN PROPERTIES 2006, Sorouh decided to set up a sales outlet for the Sky Tower at the Marina Mall in Abu Dhabi. The visitors have shown great interest in acquiring property ...  >>MORE

Mohammed bin Zayed witnesses launch of Al Raha Beach

Posted on 02/04/2006

General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, has vowed that the UAE would continue to lead the region economically for the next 25 years. "No country in the region will outpace the UAE economically for the next 25 years," he claimed. Sheikh Mohammed, who witnessed this evening the inauguration of Al Raha Beach Project, said the UAE was head and shoulders above the others, thanks to an unparalleled stability and a ...  >>MORE

Sorouh launches "The Gate" at Shams Abu Dhabi

Posted on 02/04/2006

Sorouh Real Estate has announced that the 83-storey (379 meters) Sky Tower, the highest tower ever to be built in Abu Dhabi and the fifteenth tallest residential and commercial tower according to the current world rankings is now open for investment as part of the Gate project. This eight tower project forms the land entrance to the Al Reem Island Shams Abu Dhabi Project. The Gate project is expected to cost Dh10 billion and will feature the "Sky Tower" as its signature property. "Sorouh ...  >>MORE

ALDAR Properties unveils Al Raha Beach master plan at Arabian Properties Show

Posted on 02/04/2006

Expatriate visitors to the Arabian Properties Show, which opens at the Abu Dhabi International Exhibition Centre tomorrow (April 2), will have a first-ever opportunity to investigate and plan their future property purchases in Abu Dhabi. The major pavilion of ALDAR Properties on Stand 2000 will reveal, for the first time, the full Master Plan for the company's upcoming Al Raha Beach Development. Alongside a model of the entire project, a separate and highly detailed individual model will be ...  >>MORE

Abu Dhabi's construction projects valued at Dh23.12 billion in 2006

Posted on 02/04/2006

The value of new construction projects to be tendered to contractors in Abu Dhabi is expected to register an increase of 173 per cent from Dh8.6 billion in 2005, to Dh23.12 billion this year and this trend will continue with Dh24.59 billion worth of new construction projects in 2007, said organisers of Construct Abu Dhabi and Arabian Properties 2006 to be held from April 2-5, 2006. "The total value of all construction projects announced to date in the UAE is Dh624 billion," said Ahmad ...  >>MORE

Fortune Group unveils plans to build Burj Al Alam in Dubai

Posted on 29/03/2006

In a milestone initiative that will create an architectural marvel in Dubai and redefine its stunning skyline, Fortune Group, leading real estate development and consulting firm, today announced an ambitious plan to build Burj Al Alam - The World Tower, a freehold commercial tower among the tallest in the world. To be developed at an estimated value of Dh4 billion, this magnificent project will come to life at the emirate's prime Business Bay area. Tipped to be the tallest and the most ...  >>MORE

Palm Golden Mile contract awarded

Posted on 26/03/2006

Istithmar and Kuwait-based developers IFA Hotels and Resorts have awarded a Dh1 billion contract to Al Shafar General Contracting Co to build The Palm Golden Mile on the Palm Jumeirah island. The project is scheduled to be completed by the first quarter of 2008. The Palm Golden Mile will offer luxury apartments, townhouses and penthouses. (Gulf News) ...  >>MORE

Booming Abu Dhabi property market creates unprecedented opportunities

Posted on 26/03/2006

The Abu Dhabi real estate market has been experiencing unprecedented growth over the past two years and is poised for a coming decade of growth and development, according to speakers at an international real estate investment conference. The speakers also cited political stability, windfall in oil revenues, existence of sound legislation and infrastructure, and commitment of an estimated Dh250 billion to construction projects, among others, as key drivers of the Abu Dhabi market. "We project ...  >>MORE

Dh1.56bn first phase of Wadi Walk project begins

Posted on 22/03/2006

The Ilyas and Mustafa Galadari Group will invest Dh1.56 billion to create the first phase of Wadi Walk, a residential development in the centre of the City of Arabia in Dubailand, the company announced in Dubai yesterday. Wadi Walk is planned as a 10km-long low-rise community built along a meandering central waterway, said Anwer Sher, director of the Ilyas and Mustafa Galadari Group. It will comprise five-storey buildings containing a total of 1,600 apartments, of which 923 will be ...  >>MORE

Work on Business Bay progresses on schedule

Posted on 20/03/2006

The extension of the Dubai Creek, part of Dubai Properties' Business Bay project, is progressing rapidly and 3.2 kilometres of work has been completed so far. Work on Business Bay is progressing on schedule and developers have started approaching Dubai Properties for land possession. The Business Bay Creek extension project was awarded recently the Five-Star Award for Safety, the highest category of the award designed by Dutco Balfour Beatty Group. Dubai Properties is also in the process ...  >>MORE

Work on International Media Production Zone begins

Posted on 18/03/2006

Construction has begun on the International Media Production Zone (IMPZ) in which investment in the first phase will touch Dh1 billion. The 43 million square foot area, will cater to the printing, packaging and publishing sectors and is due to be completed in 2007. About 35 per cent of the project is ready. Investment in the second phase, which comprises mainly offices, will approach Dh700 million. "The idea behind this project is to provide cutting edge technology giving clients complete ...  >>MORE

Vision Tower unveiled at France property show

Posted on 18/03/2006

Dubai Properties unveiled its new project, the Vision Tower, to international buyers at a real estate show in France. The developer of Business Bay and Jumeirah Beach Residence said it had a strong presence at the MIPIM exhibition in Cannes, France. "Dubai's reputation as a world class trade and finance hub is attracting foreign direct investment and it is this sector which is seeking corporate addresses in developments like Business Bay," said Hashim Al Dabal, chief executive officer of Dubai ...  >>MORE

Burj Dubai will have world's highest elevator installation

Posted on 12/03/2006

Burj Dubai, the tallest tower in the world will have the world's highest elevator installation and also the world's largest shopping mall, The Dubai Mall. The Observatory Elevators (double deck cabs) will have the world's highest travel distance from lowest to highest stop and will be the world's fastest at 18m/sec(40 mph). The building service/fireman's elevator will have a capacity of 5,500 kg and will be the world's tallest service elevator. Burj Dubai will be the first mega-high rise ...  >>MORE

Dubai's premier Gold and Diamond Park expands

Posted on 06/03/2006

Emaar Properties, the world's largest property development company, yesterday announced the release of 200 commercial offices as part of its Gold and Diamond Park expansion. With 70 per cent of the expanded Park dedicated to commercial offices, today's announcement sees Emaar boost Dubai's thriving corporate sector by introducing to the market premier business space in Dubai's new growth corridor. With small to medium sized commercial offices starting from 400 sq. ft. and reasonable lease ...  >>MORE

Capital to award Dh47b worth projects by 2007

Posted on 04/03/2006

Abu Dhabi will award more than Dh47 billion worth construction projects by 2007, said Engineer Saleh Salem bin Omeir Al Shamsi, Chairman of Abu Dhabi Chamber of Commerce and Industry (ADCCI). Addressing a group of senior bankers at the Banker's Lunch organised by Emirates Bank in Dubai, Al Shamsi said: "The newly-unveiled property law in the emirate has come as a big boost to the construction sector and there a large number of projects which are scheduled to be tendered this year.” The new ...  >>MORE

Dubailand set to launch developments worth Dh30b

Posted on 11/02/2006

Dubailand, a multi-billion-dollar residential and leisure development will see the launch of several new mega projects in the coming 18 months. With the new investments, the value of Dubailand projects will exceed Dh65 billion, according to Tatweer, a Dubai Holding firm that owns and manages the development. "The investments expected to be made by regional and international investors in the new projects under development are estimated between Dh27 billion and Dh30 billion," Tatweer chief ...  >>MORE

DM to build Dh34 million multi-story car parking in Al Sabkha

Posted on 07/02/2006

Dubai Municipality is building a multi-story car parking at a cost of Dhs34 million in Al Sabkha area in a bid to solve a shortage of parking lots in this part of the busy central business district (CBD) of Deira. According to Rashad Bukhash, Director of General Projects Department at the municipality, the Projects Design Section at the department has already approved final designs for the project which will be completed by the end of this year. He noted that three-story parking complex ...  >>MORE

Construction sector powers emirate's engine

Posted on 07/02/2006

The construction sector's value to the economy exceeded Dh16 billion in 2005, according to a Dubai Chamber of Commerce and Industry (DCCI) report issued on Monday. According to the report the GCC has experienced a boom in the sector and a significant percentage of project spending is taking place in the UAE. The construction sector has benefited from a triple whammy oil revenues, repatriation of GCC money due to attractive business opportunities and historically low interest rates. Dubai ...  >>MORE

Work starts on US$1.5b Atlantis at Jumeirah

Posted on 22/01/2006

The local/UK Al Naboodah-/Laing O'Rourke has started work on an estimated US$77-million concrete structure package at the US$1.5-billion Atlantis resort located on the crescent of Palm Jumeirah. The package includes all structures for the hotel and convention centre and associated cranage. Al Naboodah Laing O'Rourke is also providing construction management services on Atlantis, a Meed report said. The complex nature of the project meant that a traditional lump-sum contract or design and ...  >>MORE

Phase 1 of Jumeirah Beach redevelopment to be over in 6 months

Posted on 20/01/2006

Dubai Municipality will complete next month works of phase one of the Dhs100 million Jumeirah Beach redevelopment project that seeks to provide the open beach with high-standard public amenities, said Essa Al Maidour, Assistant Director General of the Municipality for General Projects Affairs. He noted that the project forms part of the municipality's efforts to maintain Dubai's reputation as a premier beach holiday destination among international tourists. The Phase I work involves ...  >>MORE

Mixed use projects dominate Abu Dhabi's construction landscape

Posted on 18/01/2006

Mixed use projects, which combine residential and commercial buildings, account for Dh37.32 billion (US$10.17 billion) in Abu Dhabi, constituting the largest segment of ongoing construction activity and representing 56% of the total project value. Airport development and Road infrastructure projects are valued at Dh12.69 billion (US$3.46 billion), representing 19% of the total value, according to a study commissioned by the Abu Dhabi National Exhibitions Company (ADNEC). ADNEC, formerly the ...  >>MORE

EMAAR awards Dh1bn contract to ETA-led venture

Posted on 12/01/2006

An ETA-led venture with Voltas and Hitachi has won a Dh1 billion contract for mechanical, electrical, plumbing and firefighting works for the world's tallest tower – EMAAR's Burj Dubai. The challenge ahead for the joint venture will be to meet the scheduled completion date of December 2008 for the massive skyscraper. ETA is executing the project with joint venture partners – Hitachi Plant Engineering and Construction Co, Japan and Voltas of India. The Burj Dubai is the centrepiece of ...  >>MORE

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Quick List

Dubai Properties preserves UAE's architectural heritage at Culture Village


Dubai's Atlantis takes shape on Palm Jumeirah


Sky Tower groundbreaking launches construction of Sorouh's Shams Abu Dhabi


Burj Dubai takes shape


Dubai has 30,000 construction cranes


Abu Dhabi firm launches Dh6.5bn Addax Port plan


Business Bay's Dancing Towers unveiled in NY


Dh500m 'The Prism' to be ready by 2008


About 70% of Sheikh Zayed Grand Mosque completed


Demand for infrastructure projects to exceed Dh1.1 trillion


Executive Towers set to open next year


Central market 'ready by 2008'


New cluster of 24 towers to be built in Falconcity


Dubai to get Dh100b tourism and leisure complex


Emirates Dredging in deal with Holland firm


Regional projects values top US$1 trillion


The world's tallest commercial tower set to change the skyline of Dubai


Burj Dubai to go up to 200 floors


Falcon City of Wonders offers big investment opportunities


Sorouh Sets Up sales Outlet for SkyTower at Marina Mall


Mohammed bin Zayed witnesses launch of Al Raha Beach


Sorouh launches "The Gate" at Shams Abu Dhabi


ALDAR Properties unveils Al Raha Beach master plan at Arabian Properties Show


Abu Dhabi's construction projects valued at Dh23.12 billion in 2006


Fortune Group unveils plans to build Burj Al Alam in Dubai


Palm Golden Mile contract awarded


Booming Abu Dhabi property market creates unprecedented opportunities


Dh1.56bn first phase of Wadi Walk project begins


Work on Business Bay progresses on schedule


Work on International Media Production Zone begins


Vision Tower unveiled at France property show


Burj Dubai will have world's highest elevator installation


Dubai's premier Gold and Diamond Park expands


Capital to award Dh47b worth projects by 2007


Dubailand set to launch developments worth Dh30b


DM to build Dh34 million multi-story car parking in Al Sabkha


Construction sector powers emirate's engine


Work starts on US$1.5b Atlantis at Jumeirah


Phase 1 of Jumeirah Beach redevelopment to be over in 6 months


Mixed use projects dominate Abu Dhabi's construction landscape


EMAAR awards Dh1bn contract to ETA-led venture