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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 […]
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 […]
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 […]
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 […]
Dubai has enacted a new law to govern the issuance of Musataha rights on commercial sites in the emirate. For a set amount of time, a Musataha agreement allows its holder the right to develop a parcel of land owned by another party. The Musataha agreement, according to the new decree, provides a real property […]
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 […]
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 […]
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 […]
A study conducted by global real estate consultancy called as the JLL, reveals that the commercial real estate transaction volumes in the third quarter has reached a records breaking high level in the Asia Pacific region. This year to date activity established a new high of US $ 128 billion. Countries in the Asia Pacific […]
Dubai – Smart Dubai has signed a partnership agreement with real estate portal Property Finder to promote the use of advanced technologies to enhance people’s real estate journey Smart Dubai first announced plans to partner with Property Finder in April 2019 as it launched the Dubai Data Private Sector Strategy and Policy, with the objective […]
Dubai ranks third among the world’s top cities that are expected to grow strongly in terms of total wealth over the next 10 years, according to a study released on Thursday. “Dubai, the top financial centre in the Middle East, is also one of the safest cities in the region and a popular destination for […]
With the never-ending population of the country, cities are on a rise and thus the way we manage the growth of our buildings is critical to the global economic and social development. Tall buildings throw a challenge to the environment but are they really a solution? With the urbanization touching heights, the construction of high-rise […]
