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Infrastructure and Property

Infrastructure and Property latest

His Highness Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan Inaugurates Aed 100 Billion Marsa Al Saadiyat
July 23rd, 2026 - 03:54 GMT

His Highness Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan Inaugurates Aed 100 Billion Marsa Al Saadiyat

Aldar today unveiled Marsa Al Saadiyat, activating the final phase of Saadiyat Island’s masterplan and marking a defining milestone in the island’s evolution into one of the most desirable addresses in the world. With a gross development value of AED 100 billion, Marsa Al Saadiyat will be developed into a luxurious waterfront destination, shaped by the rhythms of Arabian coastal life and the island’s cultural setting. The destination was inaugurated by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the ...
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Dubai-skyline
February 13th, 2017 - 09:24 GMT

Dubai tenants have the advantage in 2017, says Asteco

Redundancies and the shrinkage of the oil and gas sector continue to place pressure on the demand in the market. (Shutterstock/ Martchan)
February 13th, 2017 - 09:00 GMT

Abu Dhabi rents continue to drop under market pressures

Arabtec did not provide any details on where the losses in 2016 came from, but the company had attributed earlier losses challenges in the economic environment. (File photo)
February 13th, 2017 - 07:00 GMT

Beleaguered Arabtec mulls capital reduction plan amid $926M reported loss

The 18-hole course, designed by Gil Hanse, is part of Damac Hills, near Dubai Studio City and Arabian Ranches, a large residential neighbourhood popular with expats. (YouTube)
February 9th, 2017 - 01:00 GMT

Trump's sons to officially open Trump International Golf Club at Damac Hills Dubai

In addition to stadiums, Qatar is also undertaking huge and costly projects such as roads, a new airport and hospitals. (File photo)
February 9th, 2017 - 05:18 GMT

Qatar's World Cup 2022 splurge reaches nearly $500M a week

AVFM projects an internal rate of return (IRR) in excess of 18 – 21 percent. (Shutterstock)
February 7th, 2017 - 09:49 GMT

Qatar Holding invests $250M in India fund for affordable housing

The construction timeline for the 2,117km-long $200 billion GCC Railway Network that will link all six countries had been pushed back to 2021 from 2018 in the aftermath of the oil price plunge. (Shutterstock)
February 7th, 2017 - 08:07 GMT

MENA rail projects chug along, but is pan-GCC network a distant reality?

Kuwait Opera House image courtesy of Sahar Ghazale/Twitter.
February 7th, 2017 - 06:00 GMT

No casualties reported in Kuwait’s opera house fire

The 2016 results – which take Nakheel’s cumulative results since 2010 to Dh19.9 billion – follow improved year-on-year performances by the company’s retail, hospitality and residential leasing businesses. (File photo)
February 1st, 2017 - 12:00 GMT

UAE developer Nakheel announces record $1.35B net profit

In 2016, the Dubai market registered the highest RevPAR of $200, followed by Jeddah, which registered a RevPAR of $196. (Shutterstock/Esherez)
February 1st, 2017 - 08:00 GMT

Middle East hospitality market witnessed drop in RevPAR in 2016: EY

Yas Viceroy in Abu Dhabi
January 31st, 2017 - 07:03 GMT

Aldar supports dialogue for regional hotel investors as GIOHIS returns

The ocean tank will have 1.7 million litres of sea water and will be stocked with fish and sharks from the coasts of Oman.  (Crossley Architects)
January 26th, 2017 - 09:00 GMT

Oman's Palm Mall Aquarium on track for 2018 opening

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