UAE’s leading luxury real estate developer DAMAC Properties hosted an exclusive media tour to showcase its ambitious DAMAC Lagoons development, poised to redefine urban living in Dubai. Spanning an impressive 4.5 million sq. m, DAMAC Lagoons is the company’s third master community development in the city. Construction progress stands at an impressive 20%, with ongoing construction for 6,459 villas spread across 13 clusters. Additionally, 1,432 villas (across 2 clusters) are in the final stages of appointing the main contractor, while 1,025 villas (across 2 clusters) are in the final stages of design. More than 2,300 villas have already reached the…
Author: Kasun Illankoon
Havelock One, a leading interior fit out specialist, proudly announces the successful completion of a comprehensive hotel refurbishment project at The Oberoi, Madina, one of Saudi Arabia’s most esteemed luxury destinations. The project, encompassing guestrooms and public areas, reaffirms Havelock One’s commitment to delivering exceptional quality and craftsmanship in the hospitality sector. As a world-renowned luxury hotel in Madina, The Oberoi has long been favoured by royalty, celebrities, and global entrepreneurs. With its remarkable views of the Prophet’s Mosque, directly from the guestrooms. Guests can enjoy five-star service, spectacular rooms and choose from multiple restaurants offering an array of dining…
Keolis MHI, the leading transportation company and the operator of Dubai Metro and Tram, and the esteemed Dubai Corporation for Ambulance Services have signed a memorandum of understanding (MoU) to underscore their commitment to safety, emergency response, and operational excellence. This momentous agreement, signed on the 27th of September 2023, marks a milestone in their collaborative efforts to further elevate the Emirate of Dubai’s safety standards. The signing ceremony took place, at the headquarters of the Dubai Corporation for Ambulance Services, by Mr. Wallace Weatherill, Managing Director of Keolis MHI, and H.E. Mishal Abdulkarim Julfar, Executive Director of Dubai…
Azizi Developments, a leading private developer in the UAE, has just revealed its plans for Azizi Venice, its venetian-inspired luxury waterfront lifestyle community, set entirely within a swimmable crystal-blue water lagoon, in the rapidly growing Dubai South. The big reveal took place on Wednesday, the 27th of September at an extravagant launch event hosted in the renowned Coca-Cola Arena, City Walk that saw over 10,000 attendees and performances from the likes of Nancy Ajram. Among its highlights, the community, which will boast 24 million square feet of GFA on a highly coveted 15-million-square-foot plot of land, will also feature a…
Turner & Townsend, the global professional services company for Cost Management, Project Management, Programme Advisory, and Sustainability and Net Zero services in the built environment, is now a member of the Emirates Green Building Council (EmiratesGBC). This collaboration underscores Turner & Townsend’s commitment to advancing sustainable development practices in the UAE and the Middle East region. EmiratesGBC, a non-government organisation, was formed in 2006 with the goal of advancing green building principles for protecting the environment and ensuring sustainability in the UAE. The membership-driven organisation promotes sustainable building practices for the construction sector, advocating for energy-efficient and environmentally friendly construction…
The 2nd edition of the Sustainability Innovation Awards, hosted by BNC Publishing, took place on August 31st at Sofitel Dubai the Palm. Sustainability Innovation Awards 2023 is one of the leading events applauding the achievements of the region’s sustainability initiatives and projects from all sectors in the Middle East. The awards strive to recognise individual excellence, corporate strengths, and project success from all sectors. Companies are invited to nominate the people, projects, and initiatives of which they are most proud of. With countries in the region having an oil-dependent economy, a strong revival in the oil & gas sector…
94% of wealthy GCC investors with over US$ 1 million in investable assets are keen to purchase property in Egypt, with 56% planning to do so within the year, according to global property consultant, Knight Frank’s inaugural Destination Egypt. The average budget for GCC nationals purchasing residential property in Egypt is US$ 1.1 million, with variations based on the investor’s geographic location and asset level. Specifically, 40% of buyers with investable assets over US$ 1 million plan to spend more than US$ 1 million on their next property in Egypt. This group has the highest average budget of US$ 1.86…
Taraf, the real estate division of UAE-headquartered investment holding group Yas Holding, has completed the groundbreaking for its upcoming property, Luce, an exquisite residential development located on Palm Jumeirah in Dubai. The groundbreaking marks the start of the construction phase, bringing the project a significant step forward towards completion. Taraf has partnered with award-winning MZ Architects and construction firm Asasat Aldhafra APCC Building Contracting – the latter started enabling works in August. Low Ping, CEO of Yas Holding Group, commented: “Luce represents a fresh perspective on luxury living tailored for discerning local and international investors. Through Taraf’s unique…