Khazaen Economic City unveils Phase I masterplan

Khazaen Economic City (KEC) has unveiled the detailed masterplan for Phase One of the project. The project is located to the north of the capital, Muscat. The city’s masterplan was developed by Atkins, a member of the SNC-Lavalin Group, the lead consultant for Khazaen’s planning and design work. CEO Khalid Awadh Al Balushi highlighted the …

JV buys MF property in Stone Mountain

Olive Tree Holdings sold Hairstone Woods, a 240 unit multifamily community in Stone Mountain. The buyer were a joint venture of Dunross Capital, Sureste Partners and Stonemark Housing. The JV paid $20.8 million for the property. Built in 1984 the property is located at 1173 N Hairston Road. The asset consist of 28, two story …

Ssangyong E&C wins $168m Dubai Wasl tower deal

Korea’s builder Ssangyong Engineering & Construction (Ssangyong E&C) has won a contract worth $168 million from wasl Asset Management Group for the construction of a 44-storey residential building, Dubai 1 Residence, within its key community development project in Dubai. Located at the Al Kifaf development, The Dubai 1 Residence comprises two towers withn the Wasl …

Work of $1bn Oman tourism project will be started

Al Madina Real Estate Company is planning to start construction work for the first phase of its proposed $1 billion integrated tourism complex (ITC) project in Quriyat within the next two months. Quriyat ITC project is spread over a sprawling 1,3 million square metre area. The project comprises a golf course, a number of freehold …

Azizi Developments will deliver Azizi Plaza in Q3 2019

UAE based Azizi Developments achieved remarkbale progress in the construction of Azizi Plaza. With over 85% of its construction completed, the project is well on track for a timely delivery in third quarter of 2019. Azizi Developments’ collaboration with expert contractors has led to 76% completion of the second round of mechanical, electrical, and plumbing …

China will be a pioneer in real estate technology

Rapidly emerging technology and the Internet industry shape the real estate business, and industry experts said it would be a pioneer in China’s real estate technology. Albert Ovidi, the general manager of the leading professional real estate services company JLL Asia Pacific, said at the China Proptech Forum and Exhibition in Beijing that the real …

Azizi Deveelopments launched Connect by Azizi

Azizi Developments, a Dubai-based real estate developer, launched Connect by Azizi, a 245-unit housing project in Al Furjan. In addition to 41 two and 14 two-bedroom units consisting of 190 studios, the Connect by Aziz is seven storeys high and is located near the Route 2020, the extension of the Dubai Metro Red Line, which …

Marker Hotel for sale for € 125 million

CBRE Hotels has confirmed its instructions to market Marker, one of Dublin’s most successful five-star hotels, for sale for € 125 million. The Marker enjoys a seafront location on Grand Canal Dock, Dublin 2, and is adjacent to the Bord Gais Energy Theater and the center of Facebook. CBRE Hotels says this area is a …

Thunder Enterprices acquired from Riverton Property

Thunder Enterprises bought Riverton, a 200-acre estate along the Tennessee River north of Chattanooga. The owners are planning to create new home sites with dense plots to offer residents a view of the Tennessee River and the View Mountain. Approximately 400 houses will be built on the property and will be a sign of 300 …

Al Qana project opens 2020

The construction of the new social dining and entertainment venue continues in Al Qana and is planned to open in the fourth quarter of 2020. Al Qana with 2.4 kilometer panoramic coastline, local and international food and beverage sales, outdoor skate park and lush landscapes, fitness and wellness center, first class family and community social …