ETA Star launches The Summit
Dubai: UAE freehold property developer ETA Star has launched its latest project, The Summit, a 38-storey commercial and office tower located between Dubai Media City and Dubai Marina on Sheikh Zayed Road.

The Dh700 million ($190.6 million) offers the first-of-its-kind condo office concept, which guarantees occupancy and investment return through a special rental pool system.
Architect 61 of Singapore – the firm behind the designs of Capital Square One, The Concourse Temasek Tower and the Raffles City Tower – is the concept architect for the tower.

Covec wins Marina Square order
Dubai: Tamouh Investments has appointed China National Overseas Engineering Corporation (Covec) to execute the construction of Zone B of its Dh5 billion ($1.36 billion) Marina Square Plot 1 project at Al Reem Island development in Abu Dhabi.
Aimed for completion in 2009, Marina Square covers an area of 13.2 million sq ft comprising 70 per cent residential and 30 per cent commercial districts.

Alumco to supply for Citadel Tower
Dubai: Alumco, a specialised aluminium façade contractor, has won a Dh40 million ($10.89 million) contract to supply a total of 36,500 sq m of its aluminum facades to the 44-storey Citadel Tower at Business Bay.
Alumco managing director Samer Barakat says, “The Citadel Tower is another trophy to mark our success as one of the most trusted names in aluminium facades to the Gulf’s booming construction sector. Our quest for excellence assures that our products are of the highest quality and our world-class service has made us become a reliable supplier to many world class projects.”
Alumco will supply 27,000 sq m of unitised curtain wall, 6,700 sq m of composite cladding and 2,500 sq m of louvre and aluminium screen and 300 m of handrails for the Citadel Tower.
The project is expected to be complete by December 2007. It will be cladded with unitised aluminum panels 1.5 m wide by 3.4 m high, including some panels to be used for panoramic lift.

Adwea, Sembcorp in $1.7bn plant deal
Dubai: Abu Dhabi Water and Electricity Authority (Adwea) and Singapore’s Sembcorp have signed an agreement to develop a Dh6.4 billion ($1.74 billion) Fujairah power and water plant project. The deal was signed by Adwea chairman Sheikh Dhiyab bin Zayed Al Nahyan and Sembcorp’s chairman and chief executive officer Tang Kin Fei.
Under the agreement, Sembcorp will acquire a 40 per cent stake in the project that involves expanding the existing 625 MW power plant and the water desalination unit with a capacity of 100 million gpd.

Hyundai clinches DP World contract
Dubai: South Korea’s Hyundai Engineering and Construction said it had clinched a $202.6 million order from Dubai Ports World.
The deal calls for the builder to construct nine buildings for a new terminal and create a site for further expansion by reclaiming land from the sea at Jebel Ali Port, the company said.
The order is the first stage of Dubai’s 14-phase plan to increase the port’s annual handling capacity to more than 50 million TEUs by 2030 from the current 10 million TEUs with a $14 billion cost.

Broadway Malayan lands design deal
Dubai: Aldar Properties has announced that it has awarded UK architects Broadway Malayan the contract to design Marina Residence in the Al Raha Beach development.
Al Bandar, where the Marina Residence will be built, is one of eight distinct precincts, which make up the overall Al Raha Beach project.
This particular precinct is set around an expansive central water feature, comprising luxury apartments, enlivened with waterside restaurants, cafes, and shops, offering a unique lifestyle never seen in Abu Dhabi.
The Marina Residence concept in Al Bandar will be a mix of residential, retail and transport design. The residential offering will consist of stylish apartments ranging from studios through to four-bedroom family homes. The surrounding apartments will be complemented by 5,000 sq m of waterfront retail and food and beverage units and a central ferry terminal from where water taxis will serve other precincts and the main city of Abu Dhabi.

DHCC unveils $1.8bn development
Dubai: Dubai Healthcare City (DHCC) has unveiled a Dh4 billion ($1.08 billion) Phase II development which will come up on Dubai Creek.
The new phase targets development of a 19 million sq ft plot next to Al Wasl Hospital on Oud Metha Road.
Dubai Healthcare City is managed by Tatweer, a unit of Dubai Holding.
Phase II is divided into six zones Clinical, Healthcare, Mixed Use, Long-Term Care, Spa Resorts, and Canal Residence.

Arabian Forasol to pile Fortune Serene
Dubai: Arabian Forasol, a member of the Al Ghurair Group of Companies, has been awarded a Dh25 million ($6.8 million) piling and shoring contract for the Dubai-based Fortune Group’s first freehold residential project at the International Media Production Zone (IMPZ) called Fortune Serene.
 The piling work has already begun and the Dh500 million project that will cover a built-up area of over 1 million sq ft is scheduled to be completed by September 2008.
 “The twin-tower Fortune Serene is based on a unique concept that blends glamour, luxury and affordability. Through this project Fortune Group offers investors a high life in the heart of the Middle East’s global media hub,” says Mohammad Ali, CEO of Fortune Group.
 Fortune Serene offers a total of 500 high-end studio, one and two-bedroom apartments that embody finest design and meet every standard. Besides beautiful interiors, Fortune Serene will include a health club, spa and sauna, retail facilities that will include a food court, state-of-the-art security systems, a swimming pool, lush gardens, children’s playground among other features and facilities.

Ascott opens first Mideast property
Dubai: The Ascott Group, one of the world’s leading international serviced residence companies headquartered in Singapore, has opened its first Middle East property – Somerset Jadaf in Dubai.
“The Ascott Group is one of the first international serviced residence companies to operate in the Middle East,” says Lim Chin Beng, Ascott Group’s chairman.
Somerset Jadaf, Dubai is owned by Wafi Group, a multi-industry conglomerate with businesses including property asset management, hospitality and lifestyle services, manufacturing and transportation. The 84-unit serviced residence is in the Jadaf area, 15 minutes drive from Dubai International Airport, close to central business districts and the Dubai World Trade Centre. The property is a 10-minute drive from Wafi City, one of the city’s premier shopping and dining destinations.

Depa to fit-out Between the Bridges
Abu Dhabi: Al Jaber Group has awarded Depa United Group, a leading hotel interiors contracting company, a Dh46 million ($12.6 million) contract for turnkey build, finishing and fit-out of the guestrooms for its Between the Bridges Hotel.
The 220-room hospitality and leisure project is located on a 900 m stretch between the Al Maqtaa and Al Musafah bridges in Abu Dhabi.
With a heavy emphasis on Arabian heritage in the concept and design of the hotel, Depa worked hand in hand with the designer and the project team to create an authentic feel. Depa also deployed its experts to build two mock-up rooms for demonstration purposes.
The project will be completed in early 2007.