Real Estate

Work on Habitat, a new community located in the heart of Oman’s capital Muscat, is progressing well and on track for completion in the first quarter of 2022, according to its developer Tasmim,  A vibrant, 75,000-sq-m mixed-use development, Habitat is the result of a joint-venture partnership between Omani conglomerate Shanfari Group of

Eagle Hills Diyar, the developer behind Bahrain’s iconic waterfront project Marassi Al Bahrain, along with the main joint venture contractor Cebarco-Shapoorji Pallonji have celebrated a significant milestone with the completion of the superstructure works for Vida Marassi Al Bahrain two months ahead of schedule.

Dubai-based Meraas says it has joined hands with Brookfield Asset Management to set up a new real estate platform in the UAE at an investment of Dh5 billion ($1.4 billion) that will own and operate Meraas’ diversified portfolio of  retail assets, including The Beach, City Walk and La Mer.

Azizi Developments, one of the leading private developers in the UAE, has achieved major construction milestones during the third quarter of 2019. This year alone, Azizi has casted over 117 slabs, poured over 165,000 tonnes of concrete, erected over 45 cranes, and constructed over 1.

Arada, the UAE’s newest developer, has announced the launch  of The Boulevard, a new residential community that forms part of Aljada, Sharjah’s largest mixed-use community.

Ouspace brings co-working concept to Mideast Specialist mixed-use operator Kerten Hospitality has opened its first Ouspace in the Middle East, with the launch of its serviced offices and business club in Jeddah, Saudi Arabia.