Tag: Abu Dhabi

Construction & Real Estate

Aldar teams up with Mubadala to acquire Masdar City Square for $250m

Abu Dhabi business groups Aldar and Mubadala Investment Company have joined hands to acquire Masdar City Square, a premium complex located near Zayed International Airport for AED918 million ($250 million). The project, which got competed in Q1, boasts over 47,000 sqm of net leasable area across seven office buildings. ...

Construction & Real Estate

Abu Dhabi developer Miral unveils $3.3bn Yas Island project pipeline

Abu Dhabi's Miral has announced plans to invest more than AED12 billion ($3.3 billion) across Yas Island over the next five years, reflecting a clear focus on expanding its existing leisure attractions as well as boosting the hospitality offering, adding new hotel rooms and elevating its accommodation portfolio. ...

Construction & Real Estate

Uniestate expands into Abu Dhabi with key Al Reem Island project

UAE boutique developer Uniestate is expanding into Abu Dhabi with the acquisition of a 3,000-sq-m plot on Al Reem Island, as it seeks to grow its residential and commercial development pipeline across the country. The company said it has delivered over 3,300 units across 4.5 million sq ft of developed space. ...

Construction & Real Estate

Bloom Holding unveils final phase of integrated Abu Dhabi community

Bloom Holding, a premium communities master developer based in Abu Dhabi, has announced the launch of Alhambra, the final release of Bloom Living, its fully integrated and all-inclusive community in the UAE capital, featuring a mix of residential, retail and dining facilities. ...

Construction & Real Estate

Aldar completes Abu Dhabi’s first off-plan mortgage under new ADREC framework

Aldar has become the first in Abu Dhabi to complete mortgage financing on an off-plan property for its customers through Abu Dhabi Real Estate Centre’s newly launched framework that enables the financing bank to be named on the mortgage registration certificate before property handover....

Construction & Real Estate

UAE’s largest galvanising kettle nears commissioning at Abu Dhabi’s KEZAD

The UAE is set to get its largest hot-dip galvanising kettle into production in September, with Galva Hub Metal Coating completing commissioning at its facility in Metal Park located within Khalifa Economic Zones Abu Dhabi (Kezad) after receiving 825 tonnes of zinc. The facility would allow large steel structures to be galvanised locally. ...

Construction & Real Estate

Abu Dhabi residential sales hit $19.2bn in H1 on strong off-plan demand

Abu Dhabi's residential property market continued to expand in H1 with residential sales value nearly tripling from a year earlier to AED70.4 billion ($19.2 billion), driven by strong off-plan demand, said a report, adding the off-plan transactions accounted for 89% of residential sales value....

Construction & Real Estate

Schneider Electric to bring energy, AI into focus at Abu Dhabi summit

Schneider Electric will bring together energy, technology and industry leaders in Abu Dhabi next month for the second edition of its Innovation Summit Middle East & Africa, as the region looks to strengthen energy systems to support the rapid growth of artificial intelligence, cloud computing and digital infrastructure....

Construction & Real Estate

Portville starts early handover of 111-unit Masdar City development

Portville Real Estate said it has started handing over residential units at its key Ville 11 project in Masdar City after receiving a building completion certificate from the Abu Dhabi authorities. The premium development features 111 residential units, including apartments, duplexes and triplexes. ...

Construction & Real Estate

EMSTEEL supplies rebar, 80,000T cement for Etihad Rail project

EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, said it had supplied locally manufactured rebar and more than 80,000 tonnes of cement for the Etihad Rail project. These were used in the construction of passenger stations across Al Dhafra region and Abu Dhabi. ...

Construction & Real Estate

Q Mobility, Parkin to advance smart parking integration across Abu Dhabi, Dubai

Q Mobility, a leading operator of public parking in the Emirate of Abu Dhabi, and Parkin Company, the largest provider of public parking facilities and services in Dubai, have signed a memorandum of understanding (MoU) to strengthen collaboration on smart parking solutions and enhance digital integration between the parking ecosystems of the two emirates. ...

Construction & Real Estate

ORA unveils boutique residential collection within flagship UAE project

UAE-based ORA Developers has announced the launch of Y Views - a boutique collection of three- to eight-bedroom luxury villas and mansions - within its flagship development, BAYN, a 4.8 million sqm coastal masterplan in Ghantoot corridor located between Abu Dhabi and Dubai. ...