RAK plans $272m Airport Towers
TA’SEES, a UAE-based development and investment company, has recently unveiled its Dh1 billion ($272 million) Airport Towers project.

“Situated in the Ras Al Khaimah Airport Free Zone near the RAK airport, the project will not only be instrumental in driving increased commerce and tourism to the emirate but will also function as a business services nexus,” says a Ta’sees spokesman.
The Airport Towers project consists of 10 commercial towers, each one comprising 10 floors, in addition to eight 11-floor residential towers, two tower blocks comprising furnished apartments, a luxury hotel and a cargo village. The park will also host a building for Rnata Travels on a total land area of half a million sq ft.
The Airport Towers project has been designed to offer premium mixed-use hospitality, residential, corporate and retail space in Ras Al Khaimah, underlying the emirate’s intent to emerge as a powerful player in the regional hospitality and tourism industry. Developed by Ta’sees in partnership with A&A Investment, the project will be promoted by Al Aqariya Group.

SG Holdings launches Western City
SG HOLDINGS, a business conglomerate with interests in real estate, media, travel and value-added enterprises, has recently unveiled Western City – a Dh2.2 billion ($599 million) mixed-use theme park at Dubailand.
The launch is in line with the newly-formed group’s plan to invest close to Dh7 billion ($1.9 billion) in real estate projects, a company spokesman announced at the Cityscape, held last month.
“Real estate is one of the key growth sectors in the region and our focus is on developing strategic projects of long-term value,” said Abdullah Ali Al Suwadani, chairman and president, SG Holdings.
Backed by executive directors with strong regional experience in diverse businesses, SG Holdings will principally focus on the GCC region – especially the UAE, Saudi Arabia and Qatar – followed by expansion into other parts of the Middle East and North Africa and other emerging markets in the Asia-Pacific region.

Mizin unveils Majan development
MIZIN, the real estate development company of Tatweer, has said that the main infrastructure work, comprising the road, water, and electricity networks of Phase 1 of its Majan development, the downtown of Dubailand, was scheduled for completion by the end of last month.
Majan – a modern mixed-use development incorporating residential, commercial, retail, leisure and cultural sectors – which is expected to drive an investment of Dh15 billion ($4 billion) over a three-year period, was recently unveiled by the company.
Located on Emirates Road, nearby Global Village, the 16.5 million sq ft freehold development will consist of three components: 32 per cent of the area will comprise residential units, 44 per cent will be dedicated for retail and entertainment, and 24 per cent for commercial units, said a spokesman for the developer.
A total of 150 towers will shape the Majan skyline.

FuGen plans $136m project
FUGEN, an international project management and investment company based in the UK, has announced plans to launch its Dh500 million ($136 million) Rainbow Towers project in Umm Al Quwain. The project, which comprises seven towers and 1,008 flats/units is targeted at lower income families.
The official launch date will be announced at a future date as the project is awaiting municipality clearance.
The architectural concept and design has been developed by Eronat Engineering Consultancy, an independent firm of consulting engineers, architects and planners, with capabilities covering most fields of engineering, project planning, development and complete design.
Malaysian firm Bumimetro Construction has been contracted to undertake the construction of the Rainbow Towers project.

Makseb unveils mega projects
MAKASEB Holding has recently unveiled two mega developments at Dubai’s Jumeirah Village, which will see it emerge as one of the major property developers in the emirate.
Recently, the company has inked a Dh3 billion ($1.1 billion) joint venture between Ishraqah, and Ta’sees to develop four 45-storey towers at the Jumeirah Village.
“Tenders for the project called Plaza Mayor will be issued early next month (February) and work is expected to commence by March,” said Hisham Abdul Ghani, founder of Makaseb Holding, a regional development and investment company.
The project, which has been designed by architects Dimensions, will offer approximately 3 million sq ft of built up area, with a ground surface area of over half a million sq ft. The four towers that will ring a large central court termed “The Plaza” will act as a nexus for business and leisure activity.
Makaseb and Ta’sees have also launched Quattro West, a $270 million (Dh1 billion) joint venture comprising four 30-storeyed towers erected above a common five-floor podium. These five floors will feature shopping malls, a banquet hall, a convention centre, a business centre and a parking facility. Two of the four towers will offer commercial office space while the other two will consist of 260 hotel apartments and suites. Altogether, Quattro West will occupy a ground area of 103,000 sq ft with a built up area of one million sq ft.

Woods Bagot lands RAK deal
RAK PROPERTIES has assigned international firm Woods Bagot – as the lead architect for the non-hospitality elements in its multi-billion-dollar project Mina Al Arab.
Work has already started on the project’s designs.
The total value of construction excluding the hotels of Mina Al Arab development is estimated at Dh3 billion ($816.7 million), and Woods Bagot will provide the professional architectural design for 200 villas, 150 townhouses and 2,500 apartments as well as 25,000 sq m of commercial spaces at Mina Al Arab.