Real Estate

Ithra Dubai, fully owned by the Investment Corporation of Dubai, says it has achieved a major milestone with the lift of the 192-m-long first section of The Link, now connecting the two towers of the iconic One Za’abeel 100 m above ground level.

Ithra Dubai has announced the launch of Plot 3 of Phase One of the Deira Enrichment Project (DEP) known as Sherina Plaza. Plot 3 is the first instalment to be launched within the massive DEP mixed-use development meant to rejuvenate and revitalise Dubai’s heart of commerce and the oldest community.

Dubai-based developer Omniyat says more than 90 per cent of the work has been completed on its ultra-luxurious project, One at Palm Jumeirah, Dorchester Collection, and it was on track for delivery this December.

Seef Properties, an integrated real estate development company in Bahrain, says work is nearing completion on its mixed-use project, Al Liwan, coming up at Al Hamala area of the kingdom’s Northern Governorate.

Abu Dhabi National Oil Company (Adnoc) says it has signed a long-term $5.5-billion real estate investment partnership with a consortium led by Apollo Global Management, one of the world’s largest alternative investment managers.

Dubai-based Samana Developers has announced that the superstructure of its apartment complex, Samana Hills, has been completed ahead of time. Announcing the achievement, Samana says the construction milestone comes at a time when the Covid-19 pandemic-related lockdown has adversely affected Dubai’s real market.

Ithmaar Development Company (IDC), the development manager of Dilmunia, has awarded the design and supervision contract of the Dilmunia Mosque to MSCEB Architects & Engineers. Aligned with Dilmunia island’s vision to be a modern, tranquil and thriving community, the Dilmunia Mosque is an integral part of the master development.

UAE-based developer Sweid & Sweid has released a limited number of branded luxury apartments for rent at The Banyan Tree, a 235-unit residential tower in Dubai. The Banyan Tree-branded residences are the first of their kind in the Middle East region, states the developer.

ICD Brookfield Place, Dubai’s premier lifestyle and business destination, has opened its doors to the public and its first wave of tenants including Julius Baer, Natixis, Latham & Watkins, and Akin Gump.

Azizi Developments is seeing a high demand from international investors, especially from Israeli nationals, for Creek Views II, its recently launched Dh350 million ($95.2 million) development on the shores of Dubai Creek within Dubai Healthcare City.

Jumeirah opens landmark serviced residences in Dubai Marina Jumeirah Group, the global luxury hospitality company and a member of Dubai Holding, has announced the opening of Jumeirah Living Marina Gate, new lifestyle serviced residences in the heart of Dubai Marina.