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INFRASTRUCTURAL DEVELOPMENT - INFRASTRUCTURAL DEVELOPMENT

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

DWTC begins constructing 15,000sqm exhibition hall

Posted on 04/01/2006

The Dubai World Trade Centre (DWTC) has begun the initial phases of construction of a new exhibition hall for the Dubai International Convention and Exhibition Centre (DICEC). Construction of the hall will begin in February 2006 and will take eight months to complete. The project will add 15,000 square metres of exhibition space to the DICEC, thus increasing the available space by 30 per cent. The expansion is being undertaken on the directives of Minister for Finance and Industry, Deputy ...  >>MORE

ETA to build Dh 1 billion lifestyle city at Dubailand

Posted on 03/01/2006

ETA Star Projects LLC, part of ETA Ascon Group, has revealed the 'Dubai Lifestyle City' project, which it is planning to develop in Dubailand, with an investment of Dh1 billion. It will host the world famous 'IMG Sports Academy', which will be coming to the region for the first time. The City, which will sprawl over an area of 4 million square feet, will start to rise off the ground at the end of the coming year and will be completed by the year 2007. The Dubai Lifestyle City will consist of a ...  >>MORE

Dubai Municipality nod for trade tower

Posted on 02/01/2006

Dubai Municipality recently issued a licence for the construction of a 70-storey tower in the Trade Centre 2 Area at a cost of Dh200 million. Engineer Khalid Mohammed Saleh, director of the Building Department of the Municipality, said the tower would consist of residential apartments and shops. The building will have two basements, ground floor, two mezzanine floors, three service floors, and 70 upper stories, in addition to a health club. The total built-up area will be more than 511,000 ...  >>MORE

Dubai International Properties appoints DTZ as leasing agent for Dubai Towers- Doha

Posted on 27/12/2005

The world's newest and fastest growing global real estate development and investment firm - Dubai International Properties, member of Dubai Holding has appointed the internationally-renowned firm of DTZ to be the leasing agent for its ambitious project in Qatar, Dubai Towers - Doha. The Dubai Towers - Doha will be an iconic addition to the skyline of Qatar's capital rising up to 80-storeys. It will offer high-end retail, state-of-the-art offices, a five-star hotel, shopping mall as well as top ...  >>MORE

ALDAR reveals plans for new Central Market in Abu Dhabi

Posted on 18/12/2005

ALDAR Properties PJSC revealed the retail plans at the heart of its proposed redevelopment of Central Market in Abu Dhabi at Dubai's Middle East Shopping Centre Exhibition. The exhibition took place on December 13 and 14 at the Jumeirah Beach Hotel's Conference Centre. "Retail and entertainment will be an important focus of ALDAR's Central Market redevelopment, which will rise as a superb and fully integrated mixed-use scheme in the centre of Abu Dhabi," said ALDAR's Chairman Ahmed Ali Al ...  >>MORE

Dubai sees Dh734b in projects by 2020

Posted on 18/12/2005

The volume of investments in new projects in Dubai will touch around US$200 billion (Dh734 billion) up to 2020, according to MEED. The amount comes from calculating all the costs of investments of the projects that are under execution and have been announced up till now. According to MEED, it can be said that what has been achieved in Dubai till now is only part of what is to come. Allowing expatriates 100 per cent ownership in the free economic zones in Abu Dhabi is the most important ...  >>MORE

Dh3 billion Dubai Lagoon project launched

Posted on 11/12/2005

Dubai Lagoon, the Dubai Investments Park residential community complex, was launched to retail residential purchasers yesterday. Dubai Lagoon comprises 53 residential buildings. The total project development is valued at Dh3 billion. Phase one has 21 ground plus six and ground plus eight buildings for sale with a completion date of September 2007. Dubai Lagoon comprises 4,166 units — studio, 1 bedroom, 2 bedrooms, 3 bedrooms and 4 bedrooms. Targeting the middle to high middle-income class, ...  >>MORE

Business Bay Phase-1 to include 200 towers

Posted on 11/12/2005

Local property developer Dubai Properties (DP) will oversee the construction of more than 200 towers in its first-phase development of Business Bay, a senior company official told the Second Meed Major Projects in Dubai conference recently. "In total, Business Bay will have about 500 towers," said Shehab Lufti, business development director at Business Bay. The first phase will see completion of all infrastructure and excavation work running up to Sheikh Zayed highway within two years. ...  >>MORE

Banks to fund bulk of Dubai Festival City costs

Posted on 10/12/2005

Banks will finance nearly 60 per cent of the Dh40 billion needed to develop Dubai Festival City, which is under development, said a senior company official. "The rest 40 per cent would be financed by Al Futtaim Group's own resources," Marwan Shehadeh, managing director of Al Futtaim Capital told Gulf News on Tuesday. Al Futtaim Group, the developer of the project, is also studying the possibility of establishing an urban rail network that would be connected to Dubai Metro rail network. Dubai ...  >>MORE

Hamdan approves Dh6 billion DWTC master plan

Posted on 06/12/2005

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister for Finance and Industry and Chairman of the Dubai World Trade Centre (DWTC) today approved a Dh16 billion master plan for the enhancement and development of the DWTC) Complex. The plan was approved during the meeting of the Board of Directors of DWTC chaired by Sheikh Hamdan. The plan involves a major redevelopment and enhancement of the present DWTC Complex to include a state-of-the-art convention centre, office and ...  >>MORE

Dubai Investment Park plans Dh1.5b expansion

Posted on 28/11/2005

Leading UAE enterprise zone Dubai Investments Park (DIP) is planning to expand its site to attract 250 new companies and Dh1.5 billion worth of investment. The expected growth plan would bring the total investment in the park to about Dh7.7 billion, from 635 tenants, said Khalid Bin Kalban, managing director and chief executive officer of Dubai Investments, DIP's parent company. "DIP has had strong success in attracting GCC companies to Dubai as a base for their regional operations. So far ...  >>MORE

New construction projects in Abu Dhabi to exceed Dh. 47 billion by 2007

Posted on 27/11/2005

Over Dh. 47 billion worth of new construction projects in Abu Dhabi including commercial and residential buildings, roads, airport infrastructure, industrial parks and governmental institutions are expected to be tendered to contractors in the emirate of Abu Dhabi by 2007. From Dh8.6 billion in 2005, the value of new construction projects in Abu Dhabi is expected to rise to Dh23.12 billion in 2006, an increase of 173 percent. In keeping with the upward trend, new construction projects worth ...  >>MORE

Dubai construction spending among highest in the world

Posted on 16/11/2005

Dubai's per capita construction spending is one of the highest in the world, according to market estimates. The value of ongoing projects in the UAE stands at US$223.79 billion (Dh821.3 billion), according to the latest statistics released by Meed Projects, a Dubai-based online project tracker, according to a Gulf News report. This translates into US$51,804 (Dh190,123) per capita project spending. The UAE's population was 4.32 million at end-2004. As the majority of the UAE's projects are ...  >>MORE

World's tallest tower with a twist to be built at Dubai Marina

Posted on 14/11/2005

Dubai has witnessed the launch of a revolutionary tower for the construction industry in the Middle East. The launch of 'Infinity' which took place at the Grosvenor House Hotel saw guests enjoy a lavish reception including a spectacular fireworks display which lit up the sky in the exact location of the soon to be built tower, in Dubai Marina. Infinity Tower, which will stand 80 stories high, is anticipated to be a dominant feature on Dubai Marina's landscape. Towering above its neighbours, ...  >>MORE

Designs for five Dubai projects worth Dh203 million ready

Posted on 01/11/2005

Dubai Municipality has completed final designs of five different projects across different parts of the emirate that would offer a variety of services to the city's residents. Works of the projects, which are undertaken at a total estimated cost of Dh203.86 million, would begin by the end of this year or early next year. Qassim Sultan, Director General of Dubai Municipality, said the projects include a Dh10 million project to carry out landscaping of Al Mamzar Interchange and the adjoining ...  >>MORE

ALDAR renames HQ building as 'Al Mamoura'

Posted on 30/10/2005

ALDAR Properties announced renaming of MDC-ERWDA building as "Al Mamoura". Reflective of its position as a state-of-the-art building, "Al Mamoura" will be the new headquarters for Mubadala Development Company, the UAE Offsets Group, and the Environment Agency of Abu Dhabi. ALDAR also announced that the building is fully let to other premier blue chip tenants who sought a world class address in the Capital. Chairman of ALDAR, Ahmed Ali Al Sayegh, said: "This building will demonstrate to the ...  >>MORE

Dubai Municipality is focusing on infrastructure development

Posted on 30/10/2005

Dubai Municipality's annual budget exceeds US$650 million (Dh2.38 billion) with approximately 90 percent is allocated to the infrastructure development, according to a report. The Municipality's five-year plan includes US$2 billion for roads and bridges (Dh7.34 billion), US$3.4 billion (Dh12.47 billion) for the Light Rail Transport project, US$300 million (Dh1.1 billion) for Drainage and Irrigation projects and US$700 million (Dh2.56 billion) for the public projects, according to reports in ...  >>MORE

Abu Dhabi projects to take centre stage at MEED conference

Posted on 28/10/2005

New major project opportunities in Abu Dhabi, including economic diversification via petrochemicals, will come under the spotlight at second MEED's Major New Project Opportunities conference, to be held in Abu Dhabi on November 20 - 21. Already confirmed as speakers at the event are Sheikh Sultan bin Tahnoon Al Nahyan, chairman of Abu Dhabi Tourism Authority, as well as Hussain Al Nowais, chairman of Emirates Holdings, and Khaldoon Al-Mubarak, COO of Mubadala, according to a press release. ...  >>MORE

ALDAR, Tabreed sign contract agreement

Posted on 26/10/2005

ALDAR Properties PJSC and Tabreed - The National Central Cooling Co. (PJSC) - have signed a contract to provide ALDAR's "Al Maamoura Tower" in Al Muroor district in Abu Dhabi with district cooling services. The tower will be a dedicated state of the art office building, featuring the very latest in building technology, amenities and services for its business tenants. An open floor plan design has been adopted to allow for subdivision into customised tenanted areas. The main entrance and ...  >>MORE

UAE leads GCC construction sector with projects worth

Posted on 18/10/2005

The UAE dominates the Gulf construction sector with Dh130.6 billion worth of projects under construction in 2005, accounting for 63.7 per cent of the total value of projects under construction in the GCC states. Saudi Arabia occupies the second slot with Dh28.9 billion, with Qatar (Dh16.88 billion) in third place followed by Kuwait (Dh12. 8 billion), Bahrain (Dh7.34 billion) and Oman (Dh5.1 billion), according to a study commissioned by the Abu Dhabi National Exhibitions Company (ADNEC), a ...  >>MORE

Donald Trump and Nakheel to invest Dh1.46b in Palm hotel and tower

Posted on 17/10/2005

Nakheel, the developer of Dh110 billion (US$30 billion) worth of property in Dubai, and Donald Trump are investing Dh1.46 billion (US$400 million) in The Palm Trump International Hotel and Tower. The Palm Trump International Hotel and Tower will provide a centrepiece hotel on The Golden Mile the residential and retail boulevard on the trunk of The Palm Jumeirah. It will feature 500 apartments, and each residence will have access to five-star hotel services. It will also include a selection ...  >>MORE

Dh1.32b Formula One World to be set up in Dubailand

Posted on 17/10/2005

Union Properties is investing Dh1.32 billion in creating Formula One World at the newly-conceptualised MotorCity in Dubailand, in association with Formula One Administration. Although Dubai already has an FIA certified racetrack, Dubai Autodrome, it has yet to host a Formula One race. The region's only Formula One event took place in Bahrain last year. With Formula One World, however, Dubai could outplay its regional rivals in hosting these events. Spread over 5 million square feet, Formula ...  >>MORE

US$70m cube project to be part of Dubai Sports City

Posted on 15/10/2005

A consortium of German companies has announced the creation of a key development in Dubai the US$70 million Cube project to be part of Dubai Sports City. The Cube project, led by Trend Capital, the German issuing house, is one of the first residential buildings to be announced in Dubai Sports City. It is also the first example of German investment in the city of Dubai. Details of its design will be announced when the apartments go on sale in November but the cutting-edge design will stand ...  >>MORE

ALDAR announces major dredging contract award

Posted on 09/10/2005

ALDAR Properties PJSC announced yesterday that it has awarded a dredging and related marine works contract in Abu Dhabi to Boskalis Westminster Middle East, as the first stage in the development of a waterfront resort and residential complex on the western edge of Abu Dhabi Island. Dredging works, designed by Cansult Limited, have already started and will be completed in the second quarter of 2006. Full details of this latest development by ALDAR are to be announced in detail at a major ...  >>MORE

EMAAR signs Dh 3.216b Burj Dubai construction deal with Samsung

Posted on 09/10/2005

EMAAR, the world's Number one real estate developer in terms of market capitalisation, yesterday signed a landmark Dh3.216 billion deal to officially appoint Samsung Corporation as the main contractor for the Burj Dubai, the world's tallest structure, according to a press release. Following the appointment announcement in December 2004, EMAAR went through a rigorous process of validating various portions of the contract, while work on the project had already started. This process culminated ...  >>MORE

Dh8.9m fountain project set to be major attraction

Posted on 02/10/2005

The Municipality will soon start work on a huge multicoloured ornamental fountain project costing Dh8.9 million in Riggat Al Butteen. It is set to be a major attraction for residents and tourists amid the area's high-rise buildings. The project between Bani Yas and Al Maktoum roads close to the Hilton Creek will consist of 12 fountains, said Mohammad Hassan Al Ali, Head of the Projects Design Section at the Municipality's General Projects Department. The water pressure of the fountains ...  >>MORE

Reaching for the skies

Posted on 01/10/2005

Total investment in the UAE's real estate sector will exceed Dh300 billion, according to official estimates. The projects that will attract the outlay include major developments like Al Raha Beach and Shams Abu Dhabi, as well as several others across the country. It reflects the strong investor confidence in this booming sector. The second of our graphic representations of real estate developments in the UAE, we showcase some other projects that are in various stages of completion. As ...  >>MORE

Firm set up to build UAE varsity campus

Posted on 27/09/2005

Mubadala Development Company has established Al Hikma Development Company (Al Hikma) with an initial capital of Dh10 million, as the Special Purpose Vehicle (SPV) to establish the new UAE University Campus in Al Ain. The UAE University and Mubadala have executed a 28-year Concession Agreement to develop a new campus on a Build Own Operate and Transfer (BOOT) basis. The new campus will consist of some 290,000 square metres of state-of-the-art educational buildings, recreational facilities ...  >>MORE

More Dubai Marina units to be ready shortly

Posted on 20/09/2005

Dubai Marina, the first freehold property handed over to expatriate homeowners, is an example of things to come. EMAAR Properties, its developer, handed over 10,000 keys to owners in June. Thousands of buyers are waiting to move into their homes in the development, and thousands more homes will be delivered in the next few months. (The Gulf News) ...  >>MORE

Sorouh invites interest in first three development plots

Posted on 18/09/2005

The first of the plots to be released has been given a working name of 'The Gate', as its five impressive towers form the southern entrance to the Shams Abu Dhabi development. With four residential towers of 60 stories and a single 75-story mixed residential and commercial use tower, this plot encompasses 3,000 residential units with accompanying underground parking and environmental terraces and in total represents more than one million square metres of development space. The second plot ...  >>MORE

Saudi group to invest Dh7b in Dubailand theme park

Posted on 13/09/2005

Saudi Arabia's Al Sharq Group will invest Dh7 billion in an eight million square foot development in Dubailand, named Aqua Dunya, that is expected to become the region's largest theme park. Aqua Dunya is expected to attract more than three million visitors annually. Steven Tight, a former Walt Disney vice-president for 17 years, will be Aqua Dunya's chief executive. The theme park will be managed by Jumeirah, the hospitality management arm of Dubai Holding. Aqua Dunya, comprising the ...  >>MORE

Dubailand signs up Dh30b worth of investments

Posted on 13/09/2005

Dubailand, Dubai's Disney-type mega tourism project, has signed up more than Dh30 billion in investments in 25 projects in less than two years, said a senior official. This is about 60 per cent of the projected investment of Dh50 billion in 50 leisure projects. The investments have all been announced since the inauguration of the project in October 2003. The Dubai government is investing more than Dh3 billion in infrastructure. Salem Bin Dasmal, Dubailand's chief executive, told Gulf News ...  >>MORE

Festival Tower to open in 2006 Q4

Posted on 12/09/2005

Dubai Festival City is finalising core construction of its signature 29-storey premium grade office building, Festival Tower, which is due to open in the fourth quarter of 2006. The building can already be seen rising from the waterfront project with the core utilities structure due for completion early in September 2005. Festival Tower will be adjacent to our Festival Centre waterfront retail and leisure hub which allows unrivalled access to over 90 fashionable restaurants and cafes, ...  >>MORE

Fifth phase of Dubai Investments Park launched

Posted on 07/09/2005

Dubai Investments Park Development Company (DIPDC), a subsidiary of Dubai Investments PJSC has announced a comprehensive development plan for the Phase 5 of the Dubai Investments Park project. The fifth phase will be divided into five sub areas covering a total area of 3.7 million square meters, and will accommodate light industries, hi tech industries and employee accommodation. Dubai Investments Park has so far invested over Dh120 million on this phase. The entire project is scheduled for ...  >>MORE

42% increase in buildings in Dubai

Posted on 06/09/2005

The emirate of Dubai has witnessed a huge growth during the last five years in terms of number of buildings, housing units and establishments. This emerged after Dubai Municipality completed the first phase of the census, which started countrywide on Saturday. The Statistics Centre at the municipality completed the first phase in March this year. The number of buildings in Dubai has increased to 79,214 this year compared to 55,659 in 2000 an increase of 42.32 per cent. The number of housing ...  >>MORE

Municipality will complete Zayed mosque project

Posted on 03/09/2005

The Abu Dhabi Executive Council has entrusted the Municipalities and Agriculture Department to complete the construction works of the Sheikh Zayed Grand Mosque. The decision was taken during the council's meeting, chaired by General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council. The mosque, built by late Sheikh Zayed bin Zayed Al Nahyan, is the largest in the Gulf. It is located at the ...  >>MORE

Abu Dhabi Crown Prince issues decree on financing comm. buildings

Posted on 30/08/2005

General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, has issued a decree enacting the executive regulations of the commercial building financing law. Under the decree, the maximum limit of loan of commercial buildings is fixed at Dh 40 million. The legislation binds the Commercial Buildings Committee at the Department of Social Services and Commercial Buildings not to exceed the financial allocations as set out for it ...  >>MORE

Dh144m DM projects to address society’s needs

Posted on 22/08/2005

Dubai Municipality is currently undertaking four projects with a total budget of Dh144 million, to address various needs of the society, said Rashad Mohammed Bukhash, Director of General Projects Department at the Municipality. Bukhash noted that the projects include the third phase of the Dubai Women's College, Headquarters for the Dubai Awqaf and Islamic Affairs, Public Library in Al Towar and some additions to the Dubai Abattoir. Touring work sites of the projects along with senior ...  >>MORE

Nakheel gives Dh365m project to Dodsal

Posted on 20/08/2005

Dodsal, a Dubai-based engineering, procurement and construction (EPC) multinational has been awarded a Dh365 million (US$100 million) contract by Nakheel to carry out the procurement and construction of residential buildings for Gardens of Discovery Mesoamerican Gardens package. The Mesoamerican project for Nakheel comprises 26 multi-storey residential buildings with a total built-up area of 1.86 million square feet. The project is located behind the Gardens between the 5th and 6th Interchanges ...  >>MORE

Al Habtoor-Al Jaber to build tower in Doha

Posted on 15/08/2005

A joint venture between Al Habtoor and Al Jaber has won the contract to build the Dh1 billion (US$273 million) Dubai Towers Doha, the first billion-dirham overseas project by Dubai International Properties. The 80-storey commercial tower, scheduled for completion in early 2007, will have a large hotel, apartments, office and retail space. Covering a total of 2.35 million square feet, the upscale property will be leased out and marketed by DTZ. The hotel and the furnished apartments will be ...  >>MORE

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Quick List

EMAAR awards Dh1bn contract to ETA-led venture


DWTC begins constructing 15,000sqm exhibition hall


ETA to build Dh 1 billion lifestyle city at Dubailand


Dubai Municipality nod for trade tower


Dubai International Properties appoints DTZ as leasing agent for Dubai Towers- Doha


ALDAR reveals plans for new Central Market in Abu Dhabi


Dubai sees Dh734b in projects by 2020


Dh3 billion Dubai Lagoon project launched


Business Bay Phase-1 to include 200 towers


Banks to fund bulk of Dubai Festival City costs


Hamdan approves Dh6 billion DWTC master plan


Dubai Investment Park plans Dh1.5b expansion


New construction projects in Abu Dhabi to exceed Dh. 47 billion by 2007


Dubai construction spending among highest in the world


World's tallest tower with a twist to be built at Dubai Marina


Designs for five Dubai projects worth Dh203 million ready


ALDAR renames HQ building as 'Al Mamoura'


Dubai Municipality is focusing on infrastructure development


Abu Dhabi projects to take centre stage at MEED conference


ALDAR, Tabreed sign contract agreement


UAE leads GCC construction sector with projects worth


Donald Trump and Nakheel to invest Dh1.46b in Palm hotel and tower


Dh1.32b Formula One World to be set up in Dubailand


US$70m cube project to be part of Dubai Sports City


ALDAR announces major dredging contract award


EMAAR signs Dh 3.216b Burj Dubai construction deal with Samsung


Dh8.9m fountain project set to be major attraction


Reaching for the skies


Firm set up to build UAE varsity campus


More Dubai Marina units to be ready shortly


Sorouh invites interest in first three development plots


Saudi group to invest Dh7b in Dubailand theme park


Dubailand signs up Dh30b worth of investments


Festival Tower to open in 2006 Q4


Fifth phase of Dubai Investments Park launched


42% increase in buildings in Dubai


Municipality will complete Zayed mosque project


Abu Dhabi Crown Prince issues decree on financing comm. buildings


Dh144m DM projects to address society’s needs


Nakheel gives Dh365m project to Dodsal


Al Habtoor-Al Jaber to build tower in Doha