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Real Estate & Construction

Property, infrastructure, engineering and materials

China–UAE News
Source: Construction Review

China Energy Wins Dubai Construction Contract for DAMAC Capri Towers

China Energy Engineering Group Construction Company has been awarded the general contracting contract for the DAMAC Capri Towers residential project in Dubai. Located in Dubai Investments Park 2 within the DAMAC Riverside waterfront community, the project features two residential buildings with ten tower sections and approximately 231,900 square meters of built-up area. The value of the construction contract was not disclosed.

China–UAE News
Source: UECN

JD.com and Gargash Prime to Build Major Dubai Logistics Facility

UAE-based Gargash Prime and Jingdong Property, the infrastructure arm of China's JD.com, have entered into a joint venture partnership to develop a 250,000-square-metre logistics hub in Dubai. The agreement was finalized in Shenzhen during the Dubai Business Forum – China. The facility will operate as a regional distribution and fulfillment center supporting supply chains across the Middle East.

Industry News
Source: Gulf Business

Dubai Investments Plans DIP Holding IPO on Dubai Financial Market

Dubai Investments has announced plans to float a 20 percent stake in DIP Holding on the Dubai Financial Market, marking the UAE's first IPO of 2026. Approximately 1.74 billion existing shares will be offered, with subscriptions opening October 27 and trading slated for around November 11. Dubai Investments will retain the proceeds for expansion and corporate purposes.

China–UAE News
Source: Seetao

JD.com and Gargash Prime to Develop 250,000-Square-Metre Dubai Logistics Hub

JINGDONG Property has signed an agreement with UAE-based Gargash Prime to establish a joint venture in Dubai. The partners will develop approximately 250,000 square metres of modern logistics facilities serving the Middle East. The deal was finalized at the Dubai Business Forum – China in Shenzhen and aligns with Dubai's Economic Agenda D33.

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