Real Estate

The new 200-key Taj Vivanta under construction in Dubai will feature a full glass façade giving the building a 3D effect CG Hotels and Resorts, the hospitality division of Nepalese billionaire Binod Chaudhary, has kick-started the construction of its latest hotel in Dubai, UAE.

Part of Bahrain’s social housing scheme, the Deerat Al Oyoun is a 3,100-villa project in Diyar Al Muharraq Diyar Al Muharraq has launched a mega housing project in partnership with Bahrain’s Ministry of Housing (MoH) that will see thousands of houses made available for citizens under the latter’s social housing and Mazaya initiat

Dubai South (the rebranded Dubai World Central) has awarded contracts worth Dh1 billion ($272 million) for a number of project developments in the city’s Residential District, adjoining the Expo 2020 Dubai site.

Mag 5 Property Development (MAG 5 PD) has signed up Fujairah National Construction Company as the main contractor for its Boulevard project at Dubai South. MAG 5 PD is a joint venture between MAG Property Development and MBM Holding, a Dubai-based Royal Family office and investment holding company.

Oman residential rental market ‘under pressure’ Oman’s residential rental market continued to be under pressure during Q1 2016 as companies are trying to adjust to the market conditions and minimise expenses by reducing headcount and housing allowances, according to leading consultancy house PKF.