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The mega tenders awarded in 2014, and those still underway, are the ones keeping the construction sector ticking in Dubai, while also compensating for any sluggishness in awarding the projects this year.
About 20 million passengers are expected to use the future mega airport hub in Dubai, namely, the Al Maktoum International at DWC, in 2020, due to increasing passenger numbers at Dubai International Airport.
The Dubai Roads and Transport Authority (RTA) has begun building a 700m long bridge at Wafi Interchange to help minimize the over-lapping traffic at the interchange and to ensure smooth traffic flow.
The Dubai Investments Park (DIP) has announced more than 1,150 housing units, including townhouses, single, double, and triple bedroom and studio apartments that are now under construction within the development.
The next six months may see several new jobs being added to the UAE job market, according to latest survey by the hiring portal NaukriGulf.
The Vice President and Prime Minister of UAE and Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, yesterday launched plans to build Museum of the Future, which actively produces futuristic inventions and supports the mission of UAE to be global innovation engine.
Construction work on Aladdin City, a set of fantasy towers in Dubai Creek will begin next year, said a new report.
Dubai continues to be the most dynamic city in the Middle East for second year in a row, according to a global survey, which involves ranking of cities based on their real estate dynamic and social-economic factors.
After a long period of uncertainty and frustration, the owners and former residents of Tamweel Tower in Dubai, can heave a sigh of relief, as the building is likely to be made liveable within a period of eight months from now.
The largest integrated commercial, industrial and residential community in the Middle East, the Dubai Investments Park (DIP) has so far spend more than Dh 4billion in building and elevating its infrastructure to meet world-class standards.
Developers in Dubai are moving ahead with off-plan launches as they are of the opinion that it would be better to go ahead with launches now, rather than await favourable circumstances.