Real Estate

Leading developer Meraas says work is progressing well on its Dubai Arena project with the active-lit façade already completed and the elegantly-panelled structure now fully installed.

Bahrain Real Estate Investment Company (Edamah) has signed up Nass Contracting and Al Hassanain Company as the main contractors for Phase One of its BD3-million ($8 million) beachfront development Bilaj Al Jazayer, located in the west of the kingdom.

The raft foundation for Tower C of Aykon City, a four-million-sq-ft development centrally located between Sheikh Zayed Road and the Dubai Water Canal, has been completed, according to Damac, its developer.

Imkan, a leading UAE developer, says primary construction works of the $540-million waterfront Makers District in Abu Dhabi will be tendered in the first quarter of 2019.  Located on Reem Island, construction is slated for completion in the fourth quarter of 2020.

Shapoorji Pallonji (SP), one of India’s leading construction groups, says work on its iconic luxury tower, Imperial Avenue, in Dubai has been 40 per cent completed and is on schedule for handover by December next year.

UAE-based property developer Meraas has opened the doors to Bluewaters, the latest island destination located across Jumeirah Beach Residences and a 20-minute drive from City Walk and also home to Ain Dubai, the world’s largest observation wheel.

MAG’s $598m wellness resort on track for 2021 handover MAG Lifestyle Development (MAG LD), the development arm of MAG Group Holding, has announced that work is progressing at a steady pace on its ambitious Dh2.2-billion ($598 million) MAG Creek Wellbeing Resort, with 15 per cent of the project already completed.