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Dubai nears completion of major electricity and water plant

The Dubai Electricity and Water Authority (DEWA) has confirmed that it will complete the major Substation M Project at Jebel Ali this year. Designed to add 2000 MW of electricity power and 140 million gallons of desalinated water to DEWA’s generation capacity, the substation is one of the authority’s biggest projects, with costs expected to[…]

Emaar may issue dollar bond today

DUBAI – Emaar Properties, the developer of the world’s tallest building, plans to issue a benchmark dollar bond and pricing is expected to be announced on Thursday (today), according to sources. Last week, the developer announced that the company had hired top three global banks to arrange fixed-income meetings ahead of a possible bond issue.

Business is jumping in Dubai freezones

While working on a documentary with San Jose State’s journalism program earlier this month, I got a firsthand look at how Dubai and the other United Arab Emirates are taking an approach that has been debated by California for luring in businesses. And, for the most part, it seems to be working. What the UAE[…]

Dubai set to add 25,000 new housing units in 2011

Dubai’s real estate sector will remain under stress in 2011 with occupancy levels dropping further across all asset classes “due to massive new supply,” leading property analysts said on Sunday. Oversupply will continue to impact residential, office, and retail space markets in Dubai in 2011, they said.

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