Azizi launches new residential project at Dubai Studio City
UAE-based Azizi Developments has announced the launch of its key residential project – Azizi Vista – a modern low-rise building at Dubai Studio City featuring a mix of studio, one- and two-bedroom apartments. The luxury development, which is scheduled for completion by Q4 2024, will boast aesthetically planned social areas, two swimming pools, children’s play […]
Dubai DEWA’s consolidated profit rises 10% to $208mln in Q1 2023
Utility provider Dubai Electricity and Water Authority (DEWA) reported a consolidated net profit of 763 million UAE dirhams ($207.78 million), up 10.4% year-on-year (yoy), in the first quarter of 2023. The first-quarter consolidated revenue rose 7.3% year-on-year to AED 5.44 billion, fuelled by higher demand for electricity, water, and cooling services, the company said in […]
UAE’s National Properties launches 399 Hills Park project
National Properties, the real estate subsidiary of National Bonds Corporation, announced on Monday the launch of 399 Hills Park luxury residential project in Dubai Hills Estate at a investment of one billion UAE dirhams ($272.32 million) The project is scheduled for completion in the fourth quarter of 2025, the developer said in a statement. The name of the […]
Emirates SkyCargo to double capacity, add 20 new cities
Emirates SkyCargo has added 2 Boeing 747-400Fs to its freighter fleet, showing its strong confidence in the global cargo market. The cargo division of Emirates, the world’s largest international airline, is expecting 15 more freighters to join its fleet from announced orders and its freighter conversion programme, plus a boost in belly-hold capacity from […]
UAE’s ADFD supports $320mln water supply project in Mauritania
Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to help finance a project aimed at providing potable water to the city of Kiffa ADFD’s funding for the $320 million project, which will source and supply water from the Senegal River, is $30 million (110 million UAE dirhams). The […]
ADFD finances sustainable water project in Mauritanian city of Kiffa with $30mln
Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to finance a project aimed at providing potable water to the city of Kiffa, which will be sourced from the Senegal River. The contribution from the ADFD towards this strategic project amounts to AED110 million (US$30 million). The total value […]
Dar Global launches luxury project in Dubai
Dar Global, a luxury real estate developer in Dubai, has presented its inaugural own-brand luxury living concept, DG1. Nestled in the heart of Dubai’s Business Bay, DG1 will boast captivating views of the Dubai Canal and Burj Khalifa. It offers uninterrupted views from every unit in the building, with architecture unrivalled by any other […]