Real Estate

In a bid to promote sustainable living, Dubai Properties has officially unveiled the Middle East’s largest living green wall at Dubai Wharf, located in the heart of Culture Village overlooking the historic Dubai Creek.

Damac Properties says it has completed the raft foundation work for tower B of Aykon City, its multi-tower master development on Sheikh Zayed Road in Dubai, UAE. Work on the foundation saw over 200,000 cu ft of concrete poured within a 24-hour period, the same amount required to fill 75 swimming pools, says Damac.

Emaar Development, a UAE build-to-sell property development business majority-owned by Emaar Properties, said it has taken possession of the land for the construction of Beach Vista residences at Emaar Beachfront, the private island destination in the Arabian Gulf.

UAE-based Azizi Developments says work is progressing at a steady pace on its Dh265-million ($72 million) Samia Azizi project, in Al Furjan, Dubai, UAE, with the structure already completed and the mechanical and electrical installations well under way.

Majid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer in the region, is setting ambitious sustainability targets for Tilal Al Ghaf, its new flagship Dubai community, with plans to make it the first mixed-use development in the emirate to achieve a ‘very good’ rating under the Breeam (Building Research Establ

UAE-based Sooma Real Estate Developer has announced the completion of Al Fouad, one of the first ready residential buildings located in Al Furjan, a 5.6-million-sq-m master-development by  Nakheel. The ready-to-move-in Al Fouad development houses 105 apartments all with Dewa connection in place.

Master developer Nakheel says it is assessing 11 proposals for the construction of Dragon Towers, its twin-building residential complex in the Dragon City community in Dubai, UAE. The lowest bid is seen at just under Dh650 million ($177 million).

Aldar Properties was due to start handover the  four- and five-bedroom villas within its Dh3.2-billion ($871 million) West Yas community in Abu Dhabi, UAE, last month. The handover is to be undertaken in phases – the first of which comprises 300 villas – and will continue 2018, according to Aldar.

Arada, a UAE developer of key residential properties, is launching Phase Four of its premium Nasma Residences in Sharjah, following exceptional sales of its earlier phases.

Rove Hotels, a joint venture between leading UAE developers Meraas and Emaar Properties, has announced the launch of Rove La Mer resort located in the heart of Dubai’s world-class beachfront development La Mer.

Hydra to start delivery of Abu Dhabi villas UAE-based Hydra Properties was expected to start the handover of properties at Hydra Village Zone 8 located in the Shahama area of Abu Dhabi to the new residents at the end of last month.