Dubai South Properties has announced the appointment of Al Turath Al Aseel Contracting for an AED 150 million contract towards the construction of South Living Tower, a luxury apartment development at The Residential District in Dubai South.
The project was launched in June this year with an attractive post-handover payment plan, following the huge demand for spacious apartments in Dubai South.
CEO of Dubai South Properties, Nabil Al Kindi, said, "The demand for residential apartments at Dubai South has been steadily growing over the past few years. Following the announcement of the new passenger terminals at Al Maktoum International Airport in April, we witnessed a notable surge in interest in housing, reflected in the higher sales and rental values for residential properties in Dubai South."
The project is expected to be completed by Q1 2027 and will feature 209 units, including studios, one, two, and three-bedroom apartments.
Cultural and creative industries should be treated as a core pillar of national economic strategy, according to a new report launched by FTI Consulting in partnership with the World Governments Summit.
Dubai-based TECOM Group has reported a strong financial performance for 2025, driven by rising demand across its commercial, industrial and land portfolios.
Family-owned businesses are being encouraged to take a more active role in shaping sustainable investment and social impact, as leaders met in Dubai to discuss how family wealth can be positioned for the future.
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Vietnam has officially come into force, with an aim to "unlock investment opportunities in vital sectors such as renewable energy, technology and agriculture".
India's financial markets rallied sharply on Tuesday after a trade deal that slashed US tariffs on Indian goods to 18 per cent from 50 per cent, a development that investors said lifts a key overhang over the country's stocks, bonds and currency.
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