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World’s ‘tallest hotel’ in Dubai: Foundation works near completion for 365-metre structure

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Dubai: The foundations for the Ciel hotel project – the world’s tallest hotel to be, according to the developer – at Dubai Marina is nearing completion. The First Group is the developer of the 82-storey structure, while China Railway Construction Corporation is the contractor. (The latter is also the second largest construction and engineering company[…]

The First Group achieves construction milestone for ‘world’s tallest hotel’

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Loading Share Content… Property developer The First Group has announced that it is making rapid progress in the development of Ciel, with the high-profile Dubai Marina property’s foundations nearing completion. The Dubai-headquartered firm is building the future icon with development partner China Railway Construction Corporation (CRCC). More than 11,800 cubic metres of concrete and in[…]

New leadership for W Dubai – the Palm | News

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W Dubai – the Palm has announced a new general manager to oversee the popular five-star hotel. Peter Katusak-Huszvar joins the 349-key hotel after a two-year stint at Accor’s SO/Vienna, where he oversaw the renovation of all the rooms and public spaces. He replaces Anne Scott in the role. Katusak-Huszvar has also held senior positions[…]

Union Properties strikes Dh946m debt restructuring agreement with Emirates NBD

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Dubai-based developer Union Properties on Monday reached an agreement with Emirates NBD that restructured an outstanding Dh946 million debt with the bank. The deal with Dubai’s biggest lender, which includes payment of an initial amount as per the new terms, will significantly improve the company’s debt profile, Union Properties said in a filing to the[…]

Dubai property transactions back at pre-Covid levels – News

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Property transaction levels in Dubai in June hit what was previously recorded in February, setting a foundation for recovery of the local property sector for the second-half of 2020. The second-quarter Mo’asher report released by the Dubai Land Department (DLD) and Property Finder showed that a strong June performance laid the foundation for a faster[…]

Overall Dubai sales price index rises 0.79% in Q2

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Dubai Land Department, in cooperation with Property Finder, launched the fourth edition of Mo’asher, Dubai’s official sales price index. The base year for Mo’asher is 2012 and the base month for the monthly index is January 2012, with the base quarter for the quarterly index being Q1 2012. A strong in June laid the[…]

Dubai district cooling provider Emicool extends 3-month cost relief for tenants

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Emicool, the district cooling provider for Dubai Investments Park and Sports City, is making an impact by extending the relief programme for its tenants and partners. Image Credit: Gulf News Archive Dubai: Residents and businesses operating at Dubai Investments Park are getting some relief on their utility/service charge costs. The district cooling services provider there,[…]