Dheeraj East Coast and Robodh Contracting have partnered to set up a joint venture term agreement for a property portfolio of over Dhs4.5bn. Robodh will be in charge of construction of all the projects of DEC including appointment and coordination with various subcontractors.

Fakhruddin Properties announced its Dhs800m Lake Central project is ahead of schedule and on target for completion by late 2009. General Construction Company has won the construction deal to build the project.

M Holding has acquired 15 freehold plots of land in Mirdif, Dubai for a total investment of Dhs615m. The Mundia Group-owned company has purchased the land from the Dubai Investments Real estate Company. Al Shurooq Architecture & Engineering Consultants as the architect and design consultants for the project.

Al Fara'a Properties has launched the 'Burj Al Fara'a' commercial tower in Jumeirah Village. The property spreads across 811 hectares and is valued at Dhs1bn. Schedule for completion is by December 2011.