UAE Focus

Despite a sustained correction in prices across nearly all communities in Dubai, developers are completing construction and handing over projects with speed, said Property Finder, a leading property portal in a new report.

Ras Al Khaimah Economic Zone (Rakez) said it has signed a contract with Smart4Power, an energy efficiency solutions provider, for a retrofit project covering nine buildings, including a district cooling plant.

Abu Dhabi Children’s Library and a new theatre at the Cultural Foundation are set to open this month (September 4) after a significant expansion, according to the Department of Culture and Tourism (DCT) – Abu Dhabi.

The Sheikh Zayed Housing Programme (SZHP) has signed contracts with two UAE developers to begin the first phase of a project to build 336 residences in the Al Sayouh 16 Residential Complex in Sharjah.

Abu Dhabi-based Reportage Properties, a leading real estate developer, said that it is ready to hand over five new developments in Abu Dhabi within two to three years. “The five projects offer more than 1,600 new housing units for the Abu Dhabi market,” said Nasser Al Khamees, CEO of Reportage Group of companies.

Colab, the first purpose-built material library in the UAE, is now open in Dubai Design District (d3). Located in Building 1b, Colab is a social business venture that functions primarily as a material library and inspiration and learning centre.

The Emirates Nuclear Energy Corporation (Enec) has achieved another milestone in the construction of Unit 3 of the Barakah Nuclear Energy Plant, being built at the Al Dhafra region of Abu Dhabi.

Construction work was launched on site late last month (August) on Finland’s Pavilion at the Expo 2020 Dubai, a world-class event that is scheduled to open on October 20 next year.

Engie Cofely, an international leader in providing low-carbon energy and innovative integrated facilities management solutions, has been awarded the contract to provide infrastructure operation and maintenance services to Aldar Properties’ Al Raha Beach, Shams Al Reem Island and Saadiyat Island projects in Abu Dhabi.

A number of new landmark projects and skyscrapers worth $18.85 billion are currently under way in the UAE, according to a new report. The majority of the projects are being built in Dubai, which accounts for $15.62 billion of the projects, according to BNC Network, which tracks thousands of construction works in the region.

Abu Dhabi General Services Company (Musanada) has revealed that 89 per cent of the work on the Dh4.4-billion ($1.2 billion) New Al Ain Hospital project, being executed in collaboration with Abu Dhabi Health Services Company (Seha), is now complete.

Dubai’s ambitious project, The Heart of Europe’s first hotel, the family-only Portofino Hotel is around 50 per cent complete, according to the developer of the project.

RTA upgrades traffic system Dubai’s Roads and Transport Authority (RTA) has announced that its ‘Intelligent Traffic Systems’ expansion project has reached 65 per cent completion in line with the emirate’s goal to become the smartest city in the world, said a Wam news agency report.