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Tag: uae

Construction & Real Estate

Oman-UAE rail link set for trials in late 2027

Trial operations on the first railway linking Oman and the UAE are expected to begin in the fourth quarter of 2027, marking a major milestone in the development of a cross-border rail corridor designed to strengthen passenger travel, trade and logistics between the two countries....

Construction & Real Estate

DHG completes 430-unit Helvetia Residences project in Dubai

DHG Properties, a part of Swiss real estate group DHG, has announced the completion of its prime project - Helvetia Residences - at Jumeirah Village Circle in Dubai, thus delivering its first UAE residential development. The project features 430 apartments spread across 25 floors with more than 73,000 sq m built-up area. ...

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

Wynn Al Marjan Island reveals Mayfair, Paris luxury apartments

Wynn Al Marjan Island has unveiled two ultra-luxury accommodations, the Mayfair Apartment and Paris Apartment, positioned as the largest and highest residences within Enclave, the resort’s boutique hotel concept....

Construction & Real Estate

UAE Ministry of Finance announces amendments to VAT Executive Regulation

The UAE has amended certain provisions of the Executive Regulation of the Federal Decree-Law on Value Added Tax (VAT), as part of its ongoing efforts to further develop the UAE's tax system to enhance tax transparency, improve the efficiency of implementation, and further align the VAT system with international best practices....

Construction & Real Estate

Flow expands into UAE with DIFC commercial licence

Flow, a global operator of branded residential real estate, has announced its expansion into the UAE after it was issued a Commercial Licence by the Dubai International Financial Centre (DIFC)....

Construction & Real Estate

Market uncertainty 'creates long-term investment opportunities in Dubai real estate'

Periods of market uncertainty have historically created some of the strongest long-term investment opportunities in Dubai's real estate market, according to Nisus Finance, which believes the UAE's strong macro-economic fundamentals, resilient regulatory environment and sustained population growth continue to support long-term investor confidence....

Construction & Real Estate

Innovo, Dubai PropTech to boost construction innovation across UAE

Innovo Group, a leading construction company, has joined hands with Dubai PropTech Hub, an initiative of Dubai International Financial Centre, to help accelerate construction innovation across UAE and the wider Global South spanning Africa, Asia, Middle East and Latin America....

Construction & Real Estate

UAE's PropTech sector to hit $1.6bn by 2032, says report

UAE's PropTech sector is poised for solid growth over the coming years with the market set to hit AED5.95 billion ($1.6 billion) by 2032 with a CAGR of 13.28% between 2026 and 2032, thanks mainly to Virtual Reality and Augmented Reality technologies that are driving this evolution, said a report. ...

Construction & Real Estate

ALEC H1 revenue jumps 68pc to $2.4bn on project execution

UAE-based engineering and construction group ALEC Holdings has recorded a 67.6% jump in its H1 revenue which rose to AED8.99 billion ($2.45 billion), helped by higher activity across its major projects, while profitability was hit by disruptions to energy services amid regional geopolitical tensions. ...

Construction & Real Estate

Emirates Global Aluminium net profit surges 34pc to $670m in H1

Emirates Global Aluminium (EGA) has announced robust results for the first half, recording a 34% jump in adjusted net profit which rose to AED2.46 billion ($670 million) from AED1.84 billion ($500 million) helped by higher realised aluminium prices and stronger regional premiums. ...

Construction & Real Estate

Turkish builder Kalyon Inşaat starts work on UAE's first high-speed railway

Turkish construction company Kalyon Inşaat has announced that its consortium has begun work on the Abu Dhabi section of the UAE's first high-speed railway network, a part of Etihad Rail's $13 billion plan to develop a passenger railway network spanning 900km across the emirates. ...

Construction & Real Estate

RAK Ceramics Q2 profit rises on big UAE, Saudi demand

RAK Ceramics, a leading UAE ceramics brand, has reported a higher second-quarter net profit, which surged by 2.9%, while its revenue hit AED823 million ($224 million) supported by demand in UAE, Saudi Arabia and Bangladesh despite regional disruptions and higher logistics costs. ...

Construction & Real Estate

BNW to build 10,000 new residences in UAE over next four years

UAE-based BNW Developments has announced plans to develop around 10,000 homes across Dubai and Ras Al Khaimah over the next four years as it expands its footprint in the UAE, with Indian investors emerging as a key contributor to its growth strategy. ...

Construction & Real Estate

Mohammed Bin Rashid Housing Establishment seals partnership with Amana

Mohammed Bin Rashid Housing Establishment has signed an agreement with UAE-based Amana Contracting and Steel Buildings, in a move aimed at strengthening co-operation and working together on projects of mutual interest and facilitating the exchange of technical and specialised expertise....

Construction & Real Estate

Aldar unveils first residential community at $1.6bn Yas Island project

Leading UAE developer Aldar has announced the launch of Canopies, the first residential community at Yas Point, a AED6 billion ($1.6 billion) waterfront destination on Yas Island's northern shore. It comprises 592 apartments across six mid-rise buildings, offering studios and one- to three-bedroom units. ...

Construction & Real Estate

UAE developers shift focus to execution as construction output seen at $131bn

The UAE's construction sector is moving beyond rapid expansion, with developers increasingly focused on project execution, sustainability and regulatory compliance, as construction output is forecast to reach $130.8 billion within the next three years, according to a report....

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