Bayari Investments, a powerhouse holding company in Dubai, is proud to announce the launch of a real estate intelligence hub that combines a concept store, 360-degree consultancy, and a global network of industry experts. From reimagining concepts to materializing properties, Evolutions is set to bring in a new era of innovation and expertise in development. The real estate intelligence hub is a centre for market knowledge and insights, industry experts, connections to a global network of major real estate players, and a curated collection of exclusive properties available for investment. Adham Younis, CEO of Evolutions, said, “Evolutions’ concept store reshapes…
Author: Kasun Illankoon
In the realm of sublime living and discerning hospitality, Resorts, renowned for their unwavering commitment to the development of residences and resorts, has entered a prestigious agreement with the esteemed JW Marriott. Together, they proudly announce the unveiling of a jewel in the crown of Al Marjan Island, Ras Al Khaimah (RAK), UAE – the JW Marriott Al Marjan Island Resort & JW Marriott Residences Al Marjan Island. This extraordinary development, with an estimated value of USD 1.3 Billion upon completion, will stand as a beacon in Marriott International’s luxury portfolio, a testament to its iconic stature on Al Marjan…
Parsons Corporation (NYSE:PSN) announced that it has successfully integrated, streamlined, and scaled artificial intelligence (AI) and 360-degree imagery on multiple mega- and giga-projects across the Middle East. Working with SEKTOR.build, the company is leveraging the OpenSpace.ai platform for this initiative, combining the latest in technology with advanced construction supervision technologies to improve efficiency throughout the project lifecycle. With more than 30 deployments throughout the Middle East, Parsons continues to lead in the implementation of AI technology in the region. Parsons’ integration of OpenSpace.ai with Building Information Modeling (BIM) provides a value-driven approach that empowers stakeholders with near real-time site imagery.…
by Jonathan Brown, Chief Portfolio Officer, Miral The concept of mixed-use developments is not new. It has been guiding urban planning for centuries, tried and tested from ancient Rome to medieval China. But with their growing popularity in recent years, we need to recognise mixed-use districts as much more than just development projects. We need a renewed focus on maximising their growth potential as drivers of sustainable, cohesive, and thriving communities, as well as their integral role in providing an enhanced live-work-play experience for residents and visitors alike. Developers willing to embrace the complexities of mixed-use spaces will…
Global real estate advisor CBRE has announced the appointment of Elias Bou Habib as Head of Consulting – Saudi Arabia as part of its continued strategic development in the Kingdom of Saudi Arabia (KSA). Based in Riyadh, Elias will lead the Consulting team in the Kingdom to advise investors, developers and operators on their projects and business strategies in KSA. Elias brings over 22 years of consulting experience in the Middle East region, specializing in leading major projects in multiple sectors including government, oil & gas and investments. Before joining CBRE, Elias was a Director at Deloitte in Dubai, where…
UAE-based real estate firms AveNew by RH, Pride and Property and Landsmith Real Estate have announced the completion of a joint land transaction worth over AED 300 million – one of the biggest transactions of its kind – in Dubai’s coveted Jumeirah Golf Estates. Established in 2021, AveNew has created a strong presence in the Dubai Real Estate Market in a short span of time, specializing in helping investors and property buyers secure incredible deals across the Emirate owing to their extensive knowledge of the Dubai Real Estate market and a strong network of agents & consultants. Landsmith Real Estate,…
Gulftainer, a leading regional ports and terminals operator, and a provider of supply chain and logistics solutions, announced that it has extended its concession agreements with the Sharjah Ports, Customs and Free Zones Authority for a further 35 years, which reinforces the shared mission to transforming UAE’s supply chain and logistics industry throughout the Northern Emirates’ key trade gateways at Sharjah Container Terminal and Khorfakkan Container Terminal. The extended agreements allow Gulftainer to manage, operate and further develop Sharjah Container Terminal (SCT) and Khorfakkan Container Terminal (KCT) throughout this century. This will encompass the unique value proposition elements of both…
Over the last four decades, Larsen & Toubro, the Indian multinational conglomerate, has established their credentials in the Gulf region, developing vital infrastructure in various countries including the Kingdom of Saudi Arabia, UAE, Oman, Kuwait, and Qatar. L&T has lent their expertise to constructing power & water infrastructure, high-rise buildings, stadiums, airports, hospitals, transportation infrastructure and executing projects in the hydrocarbon space. Apart from playing a crucial role in the NEOM project, L&T is rapidly making their presence felt in the Renewables space with the execution of key projects in the region. With their enviable track record and several key…
The winners for the Construction Innovation Awards were announce on October 24th at Sofitel Dubai the Palm. The event was organised by Construction Business News Middle East and BNC Publishing. Construction Innovation Awards 2023 is one of the leading events applauding the achievements of the region’s construction professionals. The awards strive to recognise individual excellence, corporate strengths, and project success. Companies were invited to nominate the people, projects, and initiatives of which they are most proud of categories. This year, as in the previous years, will focus on the whole Construction ecosystem, however in the newly added…
Turner & Townsend, the global professional services consultancy, has appointed Richard Branch as their new healthcare sector lead for the region. Richard is an accomplished director with 15 years of professional experience and a proven track record of delivering complex, highly engineered, high-risk healthcare construction projects and programmes in the Middle East and United Kingdom. The Middle East is experiencing a significant increase in the demand for healthcare services, creating a pressing need for the region’s healthcare sector to grow and develop. This presents significant opportunities for industry stakeholders to contribute to the region’s healthcare transformation and meet the population’s…