Amid Dubai’s unprecedented growth in real estate transactions, Samana Developers proudly reflects on a year of extraordinary accomplishments in 2023. The developer has surpassed the target of Dh3.3 billion in sales in 2023. Dubai’s status as a global destination for living, working, and business continues to propel its real estate market to new heights. The economic factors driving the city’s mega growth were evident in the strength of 2022, particularly in villas and A-graded residential apartments. However, 2023 has proven to be nothing short of magical, with increased demand across all property types, including residential apartments, villas, offices, warehouses, and…
Author: Kasun Illankoon
The new year is on the horizon and Thomas & Adamson (T&A), the international project management and cost consultancy firm, expects the construction industry’s evolution in 2024 will be fuelled by a mix of existing trends and fresh drivers. Rising raw material prices, labour shortages, higher labour costs, high demand, high competition, and government policies all influenced the built environment in 2023. Looking ahead, the need to deliver projects on schedule and budget, maintain profit margins, new government mandates and legislations post COP28, and the urgent need to decarbonise supply chains and the delivery and operation of structures are all…
The Construction arm of Larsen & Toubro has been chosen as the turnkey Engineering, Procurement and Construction contractor to establish various systems related to renewable energy generation and utilities, for the Amaala project in the Red Sea region, Saudi Arabia. AMAALA is an ultra-luxury destination set in the Prince Mohammed bin Salman Natural Reserve along Saudi Arabia’s northwestern coast. Spanning an area of 4155 square kilometers, the project features pristine landscape and diverse natural ecosystems, coupled with unique and intriguing heritage and local culture. Once completed, this destination will have 25 hotels and 900 luxury residential villas, apartments and estate…
Inventure Metal partners with Sheikha Amal Bahwan, boosting UAE façade industry. The collaboration accelerates growth, expanding market influence and ensuring quality excellence. Sheikha Amal’s investment strengthens capacity for UAE market dominance and facilitates geographical expansion. Both parties are excited about long-term mutual benefits and synergies. Ravinder Bhat, CEO of Inventure Metal Products Industries said, “We are very excited by Sheikha Amal Bahwan’s significant investment in our company and its prospects to propel Inventure’s already stellar growth to new heights in the future. I look forward to working closely with her leadership to attain capacity growth that will bolster our market…
We’re going to host the prestigious Pillars of Real Estate Awards honour the accomplishments of the biggest names in real estate in the Middle East. Companies will receive recognition for their efforts, undertakings, and individual accomplishments. The Middle East has seen a tremendous increase in residential, luxury, and mixed-use projects; on January 31, 2024, we will find out who the winners are! Tap the link below to know more about the awards and categories to nominate in: https://cbnme.com/real-estate-leaders-awards-2024/
Symbolic Developments, an innovative venture by the distinguished Speedex Group, is excited to unveil Symbolic Alpha, its flagship real estate project. Tracing its origins back over 30 years to a humble and trusted hardware shop in Deira, Speedex Group’s evolution is a testament to its vision and commitment to transforming the Real Estate landscape. Symbolic Alpha marks a new era in this legacy, blending the Group’s rich history with cutting-edge real estate development. Newly opened on December 7th, the Symbolic Alpha project is situated in the vibrant Liwan district of Dubai, just 18 minutes from Downtown and boasts a unique…
Realty Force Real Estate, a boutique agency specializing in high-end luxury properties, has been awarded the Top-performing Agency 2023 in recognition of its deep understanding of Expo City’s sales landscape and its vision for innovative, sustainable, and human-centric urban development. Realty Force was honoured with two Tesla cars in different categories, validating the compact firm’s comprehensive expertise in high-end, futuristic developments like Expo City. Realty Force has the distinction of facilitating sales worth over AED 176 million in Expo City — a remarkable and rare feat accomplished through a value-over-volume approach to real estate transactions. Over the years, with CEO…
Discover Kaplankaya, a coastal residential community that offers unparalleled opulence yet a sustainable lifestyle, captivating those seeking an extraordinary living experience. Designed by the award winning architect commitment to exceptional quality, and commitment to service, this unique location redefines the Aegean coastal experience in Turkiye. Nestled within almost 5 million square meters of waterfront landscape, Kaplankaya stands as the ultimate choice for those seeking a new chapter in life. This coveted gem is named after by the Anatolian panther, inspired by and symbolizing the region’s rich history and holding a distinguished location near the Bodrum peninsula and the Mediterranean basin.…
Reiterating its commitment to sustainability and innovation, Imdaad, one of the largest integrated facilities management companies in the Middle East, has set up an innovative refuse-derived fuel (RDF) plant in the United Arab Emirates (UAE). The newly built waste-to-fuel treatment plant has been established at the company’s state-of-the-art material recovery facility, FARZ, in the National Industries Park. The advanced RDF plant possesses the capacity to treat 300 tonnes of incombustible and unrecyclable waste and convert it into clean energy suitable for industrial use and manufacturing processes. This will empower Imdaad and FARZ to divert a significant amount of municipal solid…
Heriot-Watt University recently hosted their Heriot-Watt Climate Hub during the much anticipated COP28 summit. Kasun Illankoon spoke with Professor Gabriela Medero, Associate Principal for Enterprise at Heriot-Watt University about the initiatives being introduced by the university and what are the next steps that could be taken for a more sustainable future