UAE Focus

LEADING regional development company Gulf Related has broken ground on Al Maryah Central, a 2.3-million-sq-ft super-regional shopping centre located at the core of Al Maryah Island in Abu Dhabi.

DUBAI is facing a serious challenge posed by the need for 283 new hotels to be delivered between 2014 and 2020 to accommodate its target of 20 million visitors by the end of the decade, a report said.

LOOTAH Real Estate Development, a high-end real estate developer, broke ground on the second phase of the Dh350-million ($95 million) Shamal Community development located at Jumeirah Village Circle in Dubai.

NATIONAL Real Estate Company (NREC), a leading real estate developer in the Middle East and North Africa (Mena) region, has signed a new partnership with United Projects for Aviation Services Company (UPAC) to develop Reem Mall, a retail destination in Abu Dhabi.

THE Dubai Tram, which was launched last month as the first tramway in the Gulf region, is expected to serve about 27,000 passengers in a day and about 66,000 by 2020.

Hill wins courts complex deal HILL International, global leader in managing construction risk, said it has received a contract from Emirates Real Estate Corporation (EREC) to provide project management services in connection with key government project in Khalifa City in Abu Dhabi.

LEADING real estate developer Damac Properties has announced the completion of the 16th floor on each of its four towers at the $1-billion Damac Towers by Paramount resort in the Burj area of Dubai.

AKZONOBEL, a global paints and coverings producer, has strengthened its Middle East presence with a new powder coatings facility in Dubai. The $10-million facility in Al Quoz will significantly increase capacity for the Dutch multinational’s Interpon and Resicoat products.

THE largest shopping and entertainment destination in Abu Dhabi, Yas Mall, opened to the public last month, a few days ahead of the 2014 Formula 1 Etihad Airways Abu Dhabi Grand Prix.

JUMEIRAH Golf Estates, one of the most prestigious residential golf communities in the UAE, has announced plans to develop its 15th community at its residential golf and leisure property in Dubai.

DUBAI Municipality is planning a new law under which all property developers must build a specific number of homes for mixed-income residents in the emirate, said a report. The law will aim to restrict the “uncalculated expansion” of luxury buildings in the emirate, reported The National citing a senior Dubai Municipality official.