Contracts to construct The Island, a project modeled after Las Vegas, have been given to a property developer in Dubai. China State Construction Engineering Corporation was given a contract worth AED 4.4 billion ($1.2 billion) by real estate developer Wasl, according to a MEED report. According to reports, the contract represents the biggest construction agreement in the Emirate since 2017. The...
According to a recent study, investments in some of Dubai’s most well-known school districts, like Mohammad Bin Rashid City and Al Khail, can yield returns of up to 43.7 percent over a five-year period. In addition to commanding attractive rental yields of approximately 6 percent per year, residential projects located near reputable schools can yield returns on investments ranging from 22.5 percent to...
Aqua Properties, a prominent UAE-based real estate company, is set to launch two ambitious projects worth Dh3 billion in the next six months in response to the robust demand for off-plan apartments across the nation, particularly in Dubai. The company, led by founder Ali Tumbi, is currently managing three ongoing projects with two more in the pipeline, encompassing upscale apartments and strategically...
Visitors to Dubai will get a colourful welcome with a digital artwork that combines millions of nature-related photos. Renowned artist Refik Anadol unveiled the world’s longest artificial intelligence (AI) art content at Terminal 1 of Dubai international airport in time for COP28. The innovative artwork presents an AI Data Sculpture that draws inspiration from a vast dataset of over 400 million publicly...
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