Real Estate

Oriental Pearls, a leading real estate developer of upscale urban living spaces, has signed a multi-million-dollar agreement with Tonino Lamborghini, the Italian company dedicated to lifestyle accessories and lavish design hospitality projects, to customise the upcoming Royal Pearls project in Dubai, UAE.

Dubai Properties’ flagship project 1/JBR, which is taking shape on one of the final plots of land in Jumeirah Beach Residence (JBR) district, is on track for a timely handover in the fourth quarter of 2019.

Dubai-based conglomerate Al Ahli Holding Group plans to develop the world’s largest entrepreneurial and media hub to facilitate and support the growth of local and international entrepreneurs. Nomad is an ambitious one-million-sq-ft hub which will be developed close to The Echo Plex (off Al Ain Road).

Muriya – a joint venture between Orascom Development Holdings and Omran, the tourism development arm of the Omani Government – says there has been an overwhelming response for its Jebel Sifah Heights project in the sultanate which is now 70 per cent sold out.

UAE-headquartered developer Seven Tides has announced the launch of Se7en City JLT, its first mixed-use development at Jumeirah Lakes Towers in Dubai. Being developed at an estimated cost of Dh1.3 billion ($354 million), the complex will house 2,635 residential units.

Aldar Properties says it has reached an agreement with Tourism Development & Investment Company (TDIC) to acquire a portfolio of prime real estate assets worth Dh3.7 billion ($1.01 billion), in one of the largest real estate acquisitions in the country’s history.

Eagle Hills enters Oman with new luxury hotel Oriental Mandarin Eagle Hills, a leading real estate investment and development company, has announced its entry into Oman with the signing of a Mandarin Oriental hotel in Muscat.