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Abu Dhabi’s Khidmah to more than double lifeguards

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The Abu Dhabi-based buildings and maintenance company Khidmah is paddling ahead with plans to more than double the size of its lifeguard operation as property businesses attempt to splash out into new business areas at a time when prices and rents are sinking. At Cityscape yesterday the company, which is 60 per cent owned by[…]

Mall to be centrepiece of Zayed Sports City project

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Mubadala Real Estate & Infrastructure (Mubadala) will look to begin talks with mall operators and investors interested in bringing forward a new 316,918 square metre mall next to the 43,000-capacity Zayed Sports City stadium by the end of this year. The mall will form the centrepiece of the revamped Arzanah development unveiled by Mubadala Real[…]

Are Dubai’s buildings finally opting for function over style?

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An emirate used to flashy projects tries to appeal to exacting tenants Will the Dubai skyline get more boxy in favour of more functionality?Iakov Kalinin/Shutterstock The “build-to-suit” market in Dubai is taking off. In an emirate where sky is the limit for construction projects, developers are creating buildings to fit the needs of single tenants,[…]

Abu Dhabi Municipality signs deals with developers for four community malls

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Abu Dhabi Municipality has signed new deals with developers who are set to bring forward community malls at separate sites in the emirate. The municipality signed deals on Wednesday with Abu Dhabi-based developers City Lights and Persistence for Property Development (Persistence), according to the head of investment Jassim Al Dhaheri. These were for new “community[…]

Saadiyat Island resort deal awarded to Hill International

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The US project management firm Hill International has won a one-year contract to provide construction management for a new resort development at Saadiyat Island in Abu Dhabi. The company said the contract has been awarded by Sheikh Suroor Projects Department, on behalf of Sheikh Suroor bin Mohammed Al Nahyan. Hill International said that the deal[…]

Progress made on Zayed City development in Abu Dhabi

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Work is pressing ahead at the long-awaited Zayed City, a 49 square kilometres development originally intended to become Abu Dhabi’s second capital. Speaking at Cityscape Abu Dhabi this week, Abdulla Al Sahi, executive director for planning and infrastructure at the Urban Planning Council (UPC), said that the Abu Dhabi Government has approved about Dh3.5 billion[…]

Luxury London home prices stagnate as top-end areas decline

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London home values grew at their slowest annual rate in almost five years in February as values in the capital’s most expensive boroughs including Camden, Kensington and Chelsea fell, according to Acadata and LSL Property Services. Prices across the city rose just 0.1 per cent on the month to an average £606,780 (Dh2.8 million), the[…]

Seven Tides Adds Tesla Chargers in Dubai

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Hospitality and property developer Seven Tides has installed six Tesla destination charging connectors at three of its Dubai properties, offering more convenience to Tesla-driving residents and guests. Two environmentally friendly battery chargers are located at the entrances of Anantara The Palm Dubai Resort, DUKES Dubai and Mövenpick Ibn Battuta Gate Hotel Dubai, providing an easy[…]

Southern African fund picks exposure in Dubai realty

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Turnstar Holdings starts off by picking up mid-market properties in key locations Dubai: Botswana-based, publicly-listed Turnstar Holdings Ltd has picked up an office building in Dubai, which could set the stage for further acquisitions in the city’s mid-tier freehold clusters. Investments are said to be in the region of $100 million (DH367 million). Turnstar’s track[…]

Dubai property Q1 gains led by higher value deals

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Dubai: Property investors seem more willing to pick up higher priced properties in Dubai — in the first three months, transactions of Dh1 million and more made up 64 per cent of the overall compared with 47 per cent in Q1-16. Simultaneously, today’s buyers are going back to larger unit sizes, which is also a[…]