Real Estate

From high-rise luxury living to the best in hospitality, retail and leisure, Nakheel put seven new developments on parade at Cityscape Global. Dubai’s Nakheel launched a plethora of real estate projects at Cityscape Global, with seven developments collectively worth Dh4 billion ($1.08 billion) taking centre-stage at the property show.

The $1-billion MAG Eye project is an exclusive gated community of 4,000 apartments and 536 townhouses. MAG Property Development (MAG PD), the real estate development arm of MAG Group, has announced the launch of its flagship Dh4-billion ($1.

Dubai Properties, a leading real estate master developer, celebrated the spectacular voyage of the UAE’s first water home as it made its way along the city’s newest attraction – the Dubai Water Canal – to berth at Marasi Business Bay.

Schon Properties has sold out i3, the first phase of its Dh3.2-billion ($871 million) iSuites hospitality project at Dubai Investment Park.

UAE-based upscale residential, hospitality and commercial property developer Seven Tides has unveiled a new project called Se7en Residences The Palm. The 14-storey two-tower residential development on the trunk of Palm Jumeirah, is situated next to Seven Tides’ second development on the Palm, Dukes Dubai.

Union Properties (UPP) has revealed a new masterplan for its flagship MotorCity development in Dubai with a completed value of more than Dh8 billion ($2.17 billion). An agreement has also been signed with China State Construction Engineering Corporation (CSCEC) to build the new mega development.

Marina work on track Phase one of the Bahrain Marina project is on track. The marine works is the first stage of the project and includes all the enabling and marine-related works, including silt removal, earthworks, shore protection, quay walls and culvert crossings in preparation for the construction stage of the project.