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Laing O’Rourke to close Mideast division
However, it was confirmed that Laing O’Rourke will maintain its relationship with Aldar, with whom it is working on the AED54bn ($14.7bn) Al Raha beach project.
Rubber World Industries inks exclusive distribution deal with Dubai-based HVAC Company ‘Leminar’
Among the latest developments where the company’s insulation products has been utilised include the prestigious ‘Al Raha Beach’ development, ‘Saadiyat Island’ project and ‘Yas Island’ in Abu Dhabi.
Aldar reveals Cityscape Abu Dhabi focus
Al Bandar will be the first residential element to be delivered within Al Raha Beach,Aldar’s waterfront development which will provide a vibrant and diverse mix of communities as well as business, retail and leisure. A very limited number of homes at Al Bandar will be made available to the public at Cityscape.
Abu Dhabi Rent Drop Hinges on New Supply
“This phase will start in Q4-2010 and Q1-2011 when the new law will take effect. At this time more of the newly developed supply will be readily available throughout Abu Dhabi and specifically in the freehold areas like Al Reem Island and Al Raha Beach,” said Downs.
Towering growth to transform Abu Dhabi’s skyline
The situation is similar in suburbs such as Al Raha Beach, Al Reef, Khalifa City, Mohammed bin Zayed City, Shahama and Yas Island, where tens of thousands of labourers are working on residential projects for Al Dar, Sorouh, Al Qudra, Manazil, Hydra, Bani Yas and other UAE developers.
Landmark Advisory: New Rental Law Unlikely to Significantly Impact Rent Levels in the Capital
We expect an adjustment phase while landlords bring their expectations in line with market fundamentals,” explained Ms. Downs. “This phase will start in Q4-10 and Q1-11 when the new law will take effect. At this time more of the newly developed supply will be readily available throughout Abu Dhabi and specifically in the freehold areas like Al Reem Island and Al Raha Beach.”
Burooj Properties boat trip offers executives a close look at Abu Dhabi landmarks
Property markets in Abu Dhabi and the UAE are recovering from the impact of the global downturn, and the next couple of years are expected to see the delivery of numerous commercial and residential projects in the capital, which will increase the supply to demand ratio significantly, especially with the completion of the numerous projects on Al Reem Island, Al Raha Beach, Mohammed bin Zayed City, and many others.
Staying close to customers a winning recipe for Teka
Kitchen appliances literally took centre stage at the Jumeirah Beach Hotel on Thursday night at a gala dinner hosted by the German kitchen appliance and sink manufacturer Teka Kϋchentechnik. With a new office recently opened in Abu Dhabi, Teka has already taken on new projects worth more than $8 million, including Aldar’s Al Muneera development at Al Raha Beach and Emaar’s Burj Khalifa precinct in Dubai.
