The hotel brand, Dorchester Collection, will open its 1st hotel in Dubai

– Business Bay

Developer – Omniyat

The hotel is connected to a residential tower with 39 serviced apartment and will feature:

225 Rooms and Suites 7 Restaurants and Bars A Rooftop Pool

Omniyat is going to invest $2.7+ billion in the Business Bay district.

Meteora Developers sells out 2 identical towers worth $55.5 million within days of launch in Q2 2023

– JVC

19-storey residential projects, the East Crest and 7 Park Central, will have 118 1-bedroom apartments with an area from 60m² to 72m².

Handover – Q2 2024

Meteora Developers is going to launch 4 more projects in 2023.

Abu Dhabi’s construction growth lets non-oil GDP achieve the highest quarterly value in 9 years in Q1 2023

According to the data of the Statistics Centre – Abu Dhabi (SCAD).

Compared to Q1 2022:

• GDP rose by 3.9%
• Non-oil GDP went up by 6.1% reaching $40 billion
• Construction activities increased by 14.4%. The highest quarterly growth rates in 9 years

The construction sector contribution to total GDP is 8.5%.