Real Estate

UAE-based developer Omniyat has announced that Dorchester Collection will manage its luxury One Palm development on The Palm Jumeirah, Dubai, making it the first residential complex in the Middle East to be managed by the iconic hospitality brand.

Nakheel, one of the world’s leading developers, says work has been progressing well on its landmark Palm Tower, a luxury project coming up at the heart of Palm Jumeirah, with concrete work on the project nearly 80 per cent completed.

Restaurant Secrets, a Dubai-based destination developer and lease management company, has unveiled plans to set up a first-of-its-kind art, food and entertainment hub – Funoon District – on Sharjah waterfront.

MAG Lifestyle Development (MAG LD) has awarded key contracts for the development of three of its luxury landmarks in Dubai - the MAG Eye, MAG 230 and MAG 318.

UAE-based Binghatti Developers says it has started construction on Millennium Binghatti Residences, its first iconic project being built on Dubai’s Water Canal in Business Bay at a total cost of Dh400 million ($109 million).

Work is progressing at a steady pace on the Saada West, a seafront property development coming up in Bahrain’s Muharraq area, with the reclamation now fully completed.

Ellington’s DT1 tower to be ready by mid-2019 Ellington, a Dubai-based boutique property development company, is making significant progress with its high-end tower project, DT1, coming up in Downtown Dubai featuring studios, one-, two-, three-bedroom apartment and penthouses.