Dubai office rents start to rise as employees return from remote work
The cost of renting an office space in Dubai is starting to rise as employees return from remote work, with rents in some locations now recovering to 2019 levels, according to a new report. Five out of 27 locations tracked in Dubai have seen office rents return to levels prior to the COVID-19 pandemic, real […]
Consortium including SNC-Lavalin wins advisory contract for ADNOC project
SNC-Lavalin has been awarded an advisory and engineering services contract to support Abu Dhabi National Oil Company’s (ADNOC) offshore operations power project. SNC-Lavalin will team up with Korea Electric Power Corporation (KEPCO), Japan’s Kyushu Electric Power Company, and Électricité de France (EDF) to carry out the operation project. Under the four-year contract, the consortium will […]
Abu Dhabi’s National Petroleum Construction wins $98mln deal for wind farm project
UAE-based National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), has secured a deal worth 363 million dirhams ($98.8 million) for a wind farm project, according to a disclosure on Monday. The contract, awarded by Yunneng Wind Power Co. Ltd, is for the installation of monopiles for wind turbine structures in […]
Expo 2020 Dubai crowned past 50 years, signalled promising future: Nahyan bin Mubarak
Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and Commissioner-General of Expo 2020 Dubai, has said that Expo 2020 Dubai offered hope to the entire world for a better future, especially amidst the COVID-19 pandemic. In an interview with the Emirates News Agency (WAM), Sheikh Nahyan stressed that the UAE’s hosting of […]
Dubai’s RTA endorses five-year sustainability plan
Dubai’s Roads and Transport Authority (RTA) has endorsed a five-year sustainability plan for 2021-2025 as part of its strategic goals and objectives aimed at supporting sustainability. Such projects are based on the environmental, societal and economic drivers of sustainability. The step is taken as part of RTA’s efforts to improve maturity levels of sustainability and […]
CBRE advises Aldar on Rixos Bab Al Bahr transaction in RAK
Global real estate advisor CBRE has provided valuation and technical due diligence advisory services to leading Abu Dhabi developer Aldar Properties on the purchase of Rixos Bab Al Bahr for $210 million. An upper upscale resort located on Al Marjan Island, Ras Al Khaimah, the 715-key Rixos Bab Al Bahr has been operational since 2014 […]
UAE: Commercial rents return to pre-Covid level in Dubai and Abu Dhabi
Office rents in Dubai and Abu Dhabi have begun to recover to pre-Covid-19 levels as demand for prime space intensifies. According to global real estate consultancy Knight Frank’s analysis released on Monday, five out of 27 locations in Dubai have seen office rents return to pre-pandemic rates. While in Abu Dhabi, the city’s best buildings […]
UAE recognises Croatia to issue statutory certificates
UAE’s Maritime Administration at the Ministry of Energy and Infrastructure (MOEI) will recognise Croatian Register of Shipping (CRS) to issue maritime statutory certificates. For this MOEI has signed a Memorandum of Understanding (MoU) with the CRS. As per the agreement, MOEI and carry out all necessary survey works to ensure the eligibility of ships to […]
Abu Dhabi boat show in November
The latest technologies in the world of boats, yachts, and maritime products will be showcased at the 4th edition of Abu Dhabi International Boat Show (ADIBS), to be held from November 24 to 27. The show will be held under the patronage of Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees […]
DEWA EV Green Chargers provides over 8,800 MWh of electricity to electric vehicles since 2015
Through its EV Green Charger initiative, Dubai Electricity and Water Authority (DEWA) has provided over 8,800 megawatt-hours (MWh) of electricity to charge electric vehicles (EVs) in Dubai since 2015. This has helped EV users to travel approximately 58 million kilometres in eco-friendly vehicles and experience a 73 percent reduction in refuelling costs. Since 2015, Dubai […]