Author: CBNME DIGITAL REPORTER

Sugee Group aims to expand into UAE market with 10,000+ residential and commercial units Sugee Group, a distinguished real estate developer with over 35 years of expertise, headquartered in Mumbai, has announced its strategic expansion into the UAE with over 15 million sq. ft. the next three years. With a strong presence in Mumbai & Lisbon, Ras Al Khaimah and Dubai are next on the charts for this leading developer. This marks the beginning of a new chapter for Sugee Group’s expansion strategy, beginning with key developments to be announced in Al Marjan, Ras Al Khaimah within the next 60…

GE Vernova’s ‘New Era of Energy’ forum promotes collaboration for Saudi Vision 2030 Under the patronage of the Ministry of Energy, GE Vernova hosted the exclusive ‘New Era of Energy’ forum at the King Abdullah Petroleum Studies and Research Center (KAPSARC), Riyadh, Kingdom of Saudi Arabia.  At the event, Scott Strazik, CEO of GE Vernova, joined over 200 distinguished senior leaders from the public, private, and non-profit sectors across the energy ecosystem to exchange ideas, share solutions, and present best practices to further strengthen Saudi Arabia’s energy ecosystem in support of Saudi Vision 2030.  Additionally, GE Vernova’s annual Global Supplier Partnership Summit, was hosted with…

MGS Development launches the new phase of Edgewater Residences on Dubai Islands with limited availability MGS Development, a renowned real estate company, is proud to announce the launch of a new phase of the Edgewater Residences, an exclusive waterfront development located in the serene and prestigious Dubai Islands. Phase 1 and 2 of the project are almost sold out with only a handful of units available. This premium project blends modern sophistication, breathtaking sea views and world-class amenities with developed infrastructure in the surrounding area providing residents with access to an array of shops, restaurants and entertainment options. Metropolitan Premium Properties…

Object 1 unveils LUM1NAR TOWERS in Jumeirah Village Triangle, a 547-residence development Object 1 has announced the launch of LUM1NAR TOWERS, a new residential development in Jumeirah Village Triangle. Featuring three architecturally distinct towers, the project offers 547 residences designed to provide a modern living experience with smart technology, contemporary aesthetics, and thoughtfully curated amenities. Set for completion by 2027, the development blends convenience, connectivity, and elevated living in one of Dubai’s most sought-after communities. Jumeirah Village Triangle is experiencing significant demand, with transaction volumes rising by 62% in the first 1.5 months of 2025 compared to the same period…

Dubai General Properties and Refine unveils the AED 900 million Marriott Residences Sheikh Zayed Road Dubai General Properties (DGP) is proud to unveil Marriott Residences Sheikh Zayed Road, Dubai through their marketing and sales partners Driven Properties and Refine. The freehold branded residential community is strategically located in Dubai and has a gross development value of AED 900 million. This lifestyle development is an exciting addition to the branded residences sector, combining elevated living with the hallmark service of Marriott. The premium standard of service that guests have come to trust at Marriott Hotels and Resorts around the world…

DHG Properties announces a new AED 260 million residential project on Dubai Islands DHG Properties, operating within Swiss real estate and construction group DHG Holding, has announced the acquisition of a prime land plot on Dubai Islands, marking its third residential project in Dubai and its second major investment since the start of 2025. The new development will feature approximately 100 premium apartments across 11 floors, with a built-up area of 14,500 m², offering modern living spaces with complementary amenities. The project’s value stands at AED 260 million. Dubai Islands, formerly known as Palm Deira, a visionary waterfront destination, is…

Samsung launches SmartThings Pro, a smart platform tailored for businesses Samsung Gulf Electronics has unveiled SmartThings Pro, a smart technology platform specifically engineered to address the unique challenges of businesses operating in the region’s demanding climate and dynamic market conditions. SmartThings Pro expands Samsung’s existing smart home technologies into commercial settings, promoting greater efficiency, enhanced automation, and improved experiences across all aspects of enterprise activities. Ayman Al Hamalawi, Director and Head of Air Conditioning Division, Samsung Gulf Electronics, said: “SmartThings Pro represents a pivotal moment in the evolution of smart building management across the region. We have developed this platform…

First signs of stabilisation as prices fall 0.57% month on month Dubai real estate prices fell by 0.57% in January 2025 – the first decline since summer 2022 – signalling a market shift towards stabilisation, according to leading real estate intelligence authority, Property Monitor. While the first month of 2025 was the strongest January on record for transactions with 14,413 sales, average prices dropped to AED1,484 per sq ft. Sales volumes were down 4.6% compared to December 2024, according to the latest Property Monitor monthly market report.   Off plan launches continued to soar in January, with 53 launches from…

18 Winners and 5 highly commended were announced at the CBNME MEP Awards 2025 The winners of the CBNME MEP 2025 awards were announced on the February 25, 2025 at Al Habtoor Palace. The event was organized by Construction Business News Middle East and BNC Publishing. The awards event is one of the leading events that acknowledges and celebrates achievements in the construction industry. The event recognizes excellence, innovation, corporate strengths, as well as individual successes in Middle East. The MEP market is dynamic, presenting various challenges and opportunities. This year’s overwhelming nominations from both long-term contributors as well as…

Richmind’s debut project will be launched in collaboration with Zahad Hadid Architects at Al Marjan Island Richmind, a premium developer specialising in ultra-niche real estate products, and a flagship business vertical of Richmind Holding, is proud to announce its entry into the UAE market, introducing its transformative vision of premium real estate.  Positioned at the intersection of artistry, nature and design, Richmind is set to establish itself as a major player in the ultra-niche real estate segment. In an event held at Atlantis The Royal, hosted by Richmind’s CEO Mr. Mohammad Rafiee, the brand was unveiled in the presence of…