Friday 21 July 2017

Al Khonji group to build business hotel in Duqm

Omani property investment firm Al Khonji Real Estate & Development (Aqar) has unveiled plans for a three-star business hotel in Duqm, which will be a part of a large mixed-use development, said a report. Featuring 180 to 200 rooms, the hotel project is the first venture in a


Abu Dhabi real estate 'faced tough market conditions'

The real estate market in Abu Dhabi witnessed challenging market conditions during the second quarter mainly due to a drop in demand and increase in supply of housing units in the UAE capital, according to a leading real estate consultancy Asteco. The Q2 rental price declines for


DSOA wins top award for Silicon Park project

Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis, the integrated free zone technology park, in collaboration with NXN (formerly neXgen), the leading smart city consulting and digital service provider, has been awarded the prestigious ‘Best Infrastructure I


Damac inks home financing tie-up with Amlak

Dubai-based Damac Properties, a leading luxury real estate developer, has partnered with Amlak Finance, a top Islamic home financing provider in the UAE, to offer its existing customers an exclusive investment opportunity.  The ‘Double Your Property’ product allo


EmiratesGBC to start building retrofit training programme

Emirates Green Building Council (EmiratesGBC) has partnered with Dubai Supreme Council of Energy and Abu Dhabi future energy company Masdar to launch its new building retrofit training (BRT) programme next month. An independent forum aimed at conserving the environment by strengt


Hassan Allam wins Egypt road contracts

Egypt’s state-run construction firm Hassan Allam has won a mandate to execute a number of road projects in Cairo and other governorates during the first six months of the financial year 2016/207, said a report. The projects are estimated to cost around E£400 million (


SSH-designed Kuwait JACC wins top property awards

Kuwait-based Sheikh Jaber Al Ahmed Cultural Centre (JACC), a major entertainment facility designed by SSH, a leading masterplanning, building design and construction supervision firms, has won two major awards at the Africa & Arabia Property Awards. The project was declared w


$1.4bn project boosts Dubai commercial real estate market

While Dubai’s commercial real estate market has experienced muted growth over the past six months, the recently-announced Emirates Towers Business Park is set to become the most defining commercial development in the emirate over 10 years, according to leading international real estate co


Morocco floats tenders for luxury hotel revamp

Morocco's National Railway Operator (ONCF) has floated tenders for the reconstruction and renovation of the Jamai Palace hotel in Fes, which is estimated to cost around MAD572 million ($59 million), said a report. ONCF had been authorised by a decree published in the official


Galfar wins $68m Oman expressway deal

Oman-based Galfar Engineering and Contracting Company has won a contract worth RO26.2 million ($68 million) for works related to the Al Batinah Expressway project (Package Three). The contract was awarded by the Ministry of Transport and Communications, said the company in a stat

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