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Real Estate

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Business Tabloid Awards recognises excellence in various industries

The top companies in the world’s trailblazing industries came together for the 4th Annual Business Tabloid Awards on January 19, 2023, at Atlantis The Palm in Dubai, United Arab Emirates. The Annual Business Tabloid Awards recognizes excellence in various industries, including Banking, Finance, Insurance, Real Estate, Technology, Healthcare, Leadership and Logistics & Transportation. A panel […]

Vandana Srinivas4 min read
Burj Binghatti

Dubai’s Burj Binghatti all set to break records as the world’s tallest residential tower

The tallest residential building in the world will allegedly be constructed by property developer Binghatti in collaboration with the upscale jewellery brand Jacob&Co. Both Muhammed Binghatti, CEO of Binghatti Holding, and Jacob Arabo, chairman of Jacob & Co. were present at the ground-breaking ceremony. Living in high-rise buildings is still a very prominent feature of […]

Vandana Srinivas2 min read
Aldar

Aldar to cut energy consumption by investing $6.8 million

In 13 residential neighbourhoods, Aldar Properties will invest AED25 million ($6.8 million) in energy-retrofit projects, which have the potential to save AED12 million ($3.27 million) and 19,000 tonnes of carbon dioxide emissions annually. According to a filing with the Abu Dhabi Securities Exchange by the business, the projects will be carried out in 13 residential […]

Vandana Srinivas2 min read
NEOM

NEOM launches Media Village, Bajdah Desert Studios, announces 40% cash rebate as production incentives

The NEOM Media Village and Bajdah Desert Studios opened on Wednesday, according to a statement from the future metropolis of NEOM in Saudi Arabia. The two projects, which together make up the largest sound stages and film production facilities in Saudi Arabia, are intended to reform and expand the country’s media business, which is a […]

Vandana Srinivas1 min read
Damac Chairman

Dubai’s Damac to invest €1 Billion in Germany Tech

As part of the Dubai company’s development into technology, Emirati billionaire Hussain Sajwani’s Damac Group is looking at investment opportunities worth €1 billion in Germany. According to a statement released on Tuesday, the company is now “on a fact-finding journey in Germany to explore the market and perhaps discover mutually beneficial partners” for investment. Privately-held […]

Vandana Srinivas1 min read
Dubai Holding

Emaar Properties announces acquisition of Dubai Creek Harbour for $2 Billion

Emaar Properties has announced an agreement with Dubai Holdings to fully buy Dubai Creek Harbour, a new development located along the historic Dubai Creek shoreline, for AED7.5 billion ($2.04 billion) in cash and Emaar shares. As a result, Dubai Holding will become Emaar’s second-largest stakeholder. The transaction is scheduled to conclude on September 27. Overlooking […]

Vandana Srinivas1 min read
A hotspot for millionaires

UAE to attract largest number of millionaires in 2022

According to the current Henley Global Citizens Report, the UAE is predicted to eclipse the most popular locations for the wealthy, such as the United States, the United Kingdom, and Russia, by drawing the greatest net inflows of millionaires internationally in 2022. The country already boasts 92,600 US-dollar millionaires, 4,000 multi-millionaires valued at more than […]

Vandana Srinivas2 min read
Arcapita

Arden Group and Arcapita to invest $800 million in Real Estate

The global investment firm, Arcapita Group Holdings and US real estate investment firm, Arden Group to invest $800 million in Real Estate joint venture to acquire multi-tenant industrial properties in United States. The new venture closed on initial portfolio properties valued at over $550 million, with an additional $250 million of properties closing in the […]

Shyam Dev2 min read
digital building

Johnson Controls introduces new flexible service offerings for remote building management in Middle East and Africa

Johnson Controls the global leader for smart and sustainable buildings announces the launch of a new flexible service suite to its customers in Middle East and Africa. The new flexible service has more than twenty customizable options, to serve the rising remote building management needs in Middle East and Africa. OpenBlue digital technology which will […]

Shyam Dev2 min read