Dubai’s Roads and Transport Authority (RTA) has unveiled plans to expand the Burj Khalifa-Dubai Mall Metro Station in collaboration with Emaar Properties. This expansion aims to increase the station’s capacity by 65 percent, with the area expanding from 6,700 to 8,500 square metres, as reported by the RTA. The expansion is part of the RTA’s...
Dubai Mall is poised for a significant expansion, as Emaar Properties has revealed plans to invest AED 1.5 billion to enhance the mall’s offerings. This development will introduce 240 new luxury retail stores and dining options, reinforcing the mall’s status as a leading global shopping destination. Currently, Dubai Mall spans over 1.2 million square meters...
Saudi developer Emaar, The Economic City, has finalized a binding restructuring agreement with the Public Investment Fund (PIF) concerning a substantial loan deal valued at SR1 billion ($266 billion). This agreement marks a significant step for the company, which is the master developer of the King Abdullah Economic City located on the Red Sea coast....
Arabian Construction Co. (ACC), based in Abu Dhabi, is contemplating an initial public offering (IPO) in the United Arab Emirates to take advantage of the country’s flourishing property market. The firm has reached out to banks to propose their roles in this potential share sale, which could generate several hundred million dollars, although no final...