News tagged "Mixed use development"

Majid Al Futtaim to announce new mixed use project in Dubai in next 12 months

Majid Al Futtaim to announce new mixed use project in Dubai in next 12 months

20th July 2014

Dubai-based Majid Al Futtaim Properties (MAF Properties) is planning to launch a mixed-use development in Dubai, the company’s CEO George Kostas has said. “We are very confident in the Dubai market and we have been spending a lot of time thinking about what would be our first project here,” he told Gulf Business.We are hoping to announce the project in the next 12 months.”[..]

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Construction of new US$ 25-30 bn smart city in UAE proposed

Construction of new US$ 25-30 bn smart city in UAE proposed

10th July 2014

A proposal to build a new smart city in the UAE will see Italian company, Stile Italiano Real Estate Industry (Sirei), collaborate with local partners to construct the project, which has been valued as a US$ 25 billion (Dh 91.95 billion) to US$ 30 billion investment. The project is still in its early phases as only the design phase has been completed. The company is yet to find a local partner to start construction work.[..]

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