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Real Estate

Kanoo Ventures Backs CorrosionRADAR in $14Mln Funding Round

Real Estate Company’s YBA Kanoo’s investment division, Kanoo Ventures has announced a significant investment in CorrosionRADAR, a predictive Corrosion under Insulation (CUI) monitoring solution. This latest funding round, attracting investments from Aramco Ventures, Dow, and Mercia Ventures, has raised CorrosionRADAR’s total funding to $14 million (£11.7M). This capital influx will enable CorrosionRADAR to expand the […]

Dhivya Dharshini1 min read
OYO
Real Estate

OYO Launches First Luxury Hotel in Dubai Under ‘Palette’ Brand

On Wednesday, the prominent hospitality company OYO launched its first luxury hotel in Dubai under the brand ‘Palette,’ aiming to attract the growing number of Indian tourists visiting the city. The move follows a significant rise in Indian visitors to Dubai, which reached 11.9 million in 2023. OYO, which boasts over 700 properties in the […]

Dhivya Dharshini1 min read
BoldTrail
Real Estate

BoldTrail merges Inside Real Estate’s products, enhancing real estate solutions

The real estate software company, Inside Real Estate, announced on Thursday, the launch of BoldTrail, a unified portfolio of their extensive capabilities. This new cohesive system aims to better serve real estate professionals by providing a seamless end-to-end ecosystem that integrates all of Inside Real Estate’s tools, insights, innovations, and add-ons. BoldTrail consolidates Inside Real […]

Dhivya Dharshini1 min read
UAE
Real Estate

UAE Allocates 2 Bln AED Fund to Assist Rain Damage Homes

The United Arab Emirates (UAE) government said on Wednesday, it allocated a 2 billion AED ($545 million) fund to aid homeowners in repairing properties damaged due to recent heavy rainfall and flooding, based on the report of Khaleej Times. Earlier this week, the Kingdom witnessed a year’s worth of rain in a single day, with […]

Dhivya Dharshini1 min read
ROSHN
Real Estate

ROSHN Partners with Google Cloud to Harness AI’s Potential

Real estate developer ROSHN Group, on Thursday, joined forces with Alphabet-owned Google Cloud, aiming to leverage artificial intelligence (AI) and to transform how the firm uses and benefits from data analysis. The Saudi Arabia-based company said with this collaboration ROSHN looks to modernise its data architecture as well as make data-driven decisions to create smart […]

R Swathi1 min read
Unilever
Real Estate

Unilever to Divest Ice Cream Business, Affects 7500 Jobs

Sunsilk owner Unilever, on Tuesday, said it is restructuring its business by divesting its €7.9 billion ($8.6 billion) ice cream brands, which will impact the job roles of 7,500 employees of the company across the globe. The firm said the separation activity will begin immediately and is expected to be completed by the end of […]

R Swathi2 min read
Vishal Mega Mart
Real Estate

India’s Vishal Mega Mart Gears Up for $1 Bln IPO, Says Reuters News

Hypermarket brand Vishal Mega Mart, on Tuesday, planned an initial public offering (IPO) for $1 billion, reported Reuters News Agency based on source data and said, this move is projected to put the budget supermarket chain’s value at close to $5 billion. Based on the Reuters report, Switzerland’s Partners Group and India’s Kedaara Capital both […]

Ritambhara Jha1 min read
S&P Global Ratings
Real Estate

S&P Global Ratings Forecasts Economic Growth in GCC

S&P Global Ratings forecast economic growth of 2% to 3% in the Gulf Cooperative Council (GCC) region in 2024 on Monday, with sustained oil-related growth and a solid 4% to 5% rise in the non-oil economic activity in the UAE and Saudi Arabia benefitting from large public investments and FDIs (Foreign Direct Investments). S&P Global […]

Anne Florentyna1 min read
Newmark
Real Estate

Newmark Expands to Paris with New Leadership on Board 

Commercial real estate advisor Newmark Group will expand its footprints by opening a new outlet in Paris on Monday, as part of the company’s global expansion to focus on capital markets and leasing. The launch of its workplace in Paris, France initiated with the appointment of Francois Blin and Emmanuel Frénot as Chief Business Officer […]

R Swathi1 min read
Primestay
Real Estate

Future of Travel in Dubai: New Chapter with Primestay

As Dubai continues to solidify its position as a global tourism hub, the demand for innovative and flexible accommodation options is on the rise. Primestay Vacation Homes Rental LLC is at the forefront of this evolution, redefining the concept of travel and stay in the Emirates. With its finger on the pulse of modern travelers’ […]

btabloidEditor2 min read
Mahindra Group
Real Estate

Mahindra Group, Johnson Controls to Launch Net Zero Buildings Initiative

Multinational federation of companies Mahindra Group collaborated with Johnson Controls to decarbonize India’s public, commercial, and residential buildings by launching the net zero buildings initiative, on Wednesday. Legislative bodies across developed countries enacted regulations aimed at reducing emissions, and investors made net-zero pledges. According to McKinsey’s research, real estate accounts for about 39% of global […]

Ritambhara Jha1 min read