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Infrastructure 
Masdar, Adnoc partner up with French firms for renewables initiatives in Africa + Asia
Plus: Patrizia and ASB Capital set up shop in the UAE
Logic Holding acquires majority stake in Nexel to expand GCC presence
The exact size of Logic’s ownership in Nexel was not disclosed
Abu Dhabi residential prices jump 6.2% in 4Q 2024 despite decline in off-plan sales -ValuStrat
Apartment prices are projected to increase by 6% in 2025, while villa prices could see 4% growth
AD Ports names MAG Group as lead developer for Marsa Zayed
The first phase will consist of 1.2 km of Red Sea beachfront
Dubai property prices surge 27.5% as supply falls short
Only 58% of the anticipated residential supply was delivered in 2024
THIS MORNING: CBUAE keeps rates unchanged following Fed’s move
Plus: Dubai’s RTA launches tender to develop e-bikes’ battery charging and swapping stations
AIM to acquire Fairmont The Palm Hotel for USD 325 mn
The firm will capitalize on this acquisition to launch its GCC Hospitality Fund
Alpha Dhabi now owns the majority of NCTH
The company became NCTH’s largest shareholder in 2023
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