Middle East injects US$180 billion into 113 new power, water, energy projects

New power, water, and energy projects valued at US$180 billion are underway or at the planning stages in the Middle East, as the UAE forges ahead with 20 projects worth US$34.2 billion.

Spearheaded by the US$20 billion Nuclear Power Plant in Abu Dhabi, which began construction late in 2011, the UAE will be one of the most active markets in the power, water and energy sectors over the next two years, at a time when power demand across all GCC countries is expected to grow 8 to10 per cent annually. Read more

New construction projects in Abu Dhabi

A number of new development projects have been approved today for the emirate of Abu Dhabi, especially in the areas of social services, housing, health and education. This is in keeping in line with the Government’s priorities in providing a dignified life and adequate housing for all citizens, reports the official news agency WAM. Read more

Vegas-style entertainment complex to be built on Shaikh Zayed Road

The Al Habtoor Group launched one of the region’s biggest and most luxurious hotels ‘&’ entertainment development that will be built in a prime location on Sheikh Zayed Road.

This magnificent new complex will be built on the one million square foot property opposite Al Safa Park that currently houses one of Dubai’s first hotels. The 34-year-old Metropolitan Hotel, which now stands on this choice location, will be demolished to make way for the new undertaking. Read more

Etihad Towers, Abu Dhabi on schedule for hand-over this year

• Five stunning towers bring luxury lifestyle choice to Abu Dhabi
• Landmark development integrates homes, offices, retail, hospitality and leisure components

Abu Dhabi is setting a new benchmark in luxury living. Etihad Towers, Abu Dhabi, a path-breaking luxury development by Sheikh Suroor Projects Department (SSPD) is on schedule for the handover of its first homes and offices later this year alongside rich lifestyle amenities including a five star hotel and boutique retail arcade.

A reflection of Abu Dhabi’s modern, sophisticated and luxurious ambitions, Etihad Towers is a spectacular five-tower development and a sparkling addition to the city’s skyline. It also accomplishes the promise of a new lifestyle destination, which is much-sought after in the capital city of the UAE. Read more

Global direct real estate investment volumes rise nearly 50 percent in Q2, 2011

Global direct real estate investment volumes in the second quarter of 2011 totaled more than US$101 billion, up seven percent from the previous three months and 47 percent from the second quarter 2010, according to preliminary research findings from Jones Lang LaSalle’s global capital markets experts. Read more

Launch of Arabic version of Sphere Handbook 2011

The Sphere Project, a leading initiative promoting quality and accountability in humanitarian work, launched today the Arabic version of the 2011 revised edition of the Sphere Handbook: Humanitarian Charter and Minimum Standards in Humanitarian Response. The Launch took place in Abu Dhabi, United Arab Emirates (UAE), in collaboration between UNOCHA/IRIN and Khalifa University of Science, Technology and Research. Read more

Gold demand trends in the first quarter 2011

The World Gold Council’s Gold Demand Trends (GDT) is the leading industry resource for data and opinion on world-wide gold demand. The organization’s quarterly publication examines demand trends by sector and geography. The most recent review of the first quarter of 2011 has been published last week. Read more

Deerfield’s Town Square on Track for Delivery in Q4 2012

Deerfield’s Town Square, the AED700-million destination mall taking shape at the Al Bahiya district of Abu Dhabi, has achieved significant progress on the leasing and construction front and is on track for delivery in Q4 2012, developers MBI announced today.

With Jones Lang Lasalle on board as retail and leasing consultants, over 34 per cent of the project has already been leased to retail tenants. Nearly 40 per cent of the mall’s 808,000 sq. ft. gross leasable area has been assigned for retail, while 24 per cent is allocated for retail anchor, 18 per cent for entertainment, 14 per cent for food and beverage options, and four per cent for services outlets. The development is anticipated to receive a target footfall of 10 million visitors per annum. Read more

ADNEC unveils Marasi Village

In a move that underlines its status as a strategic destination developer, ADNEC (Abu Dhabi National Exhibitions Company) has unveiled Marasi Village, a luxury waterfront development comprising 81 luxury villas for sale exclusively to UAE Nationals.

The latest addition to ADNEC’s expanding portfolio of award-winning projects, Marasi Village(www.marasivillage.ae) is located on the shore of the Al Bateen Channel, near the iconic Capital Gate tower and the Abu Dhabi National Exhibition Centre – a commercially significant area, highlighted as a location of strategic importance in Abu Dhabi’s future growth plan. Read more

Baniyas launches the Andalusian Villas at Cityscape Abu Dhabi 2011

Baniyas Investment and Development Company (BID), the investment arm of the Baniyas Sports Club, has announced the launch of 153 spectacular Andalusian villas in Phase III of Bawabat Al Sharq, the Dhs3bn mixed use development in Bani Yas City. On the occasion of Cityscape Abu Dhabi 2011, BID is offering competitive pricing along with unprecedented payment plans for the buyers of these luxurious villas.

As part of its commitment to enhance the lifestyle of its clients and cater to their diversified needs, BID has designed five distinctive types of Andalusian Villas. Read more

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