Roya Lifestyle Developments, the recently launched luxury real estate development company behind the highly-anticipated SLS Residences at Palm Jumeirah, announces its achievement of two significant milestones. The developer has sold the first of its five penthouses at a staggering AED 60 million. Additionally, 80% of the total units at SLS Residences at Palm Jumeirah have been sold since the project launch. The sale of the AED 60 million penthouse highlights the caliber of the prestigious development and solidifies Roya Lifestyle Development’s position in redefining ultra-luxurious living. The penthouse boasts 13,962 sq ft and features upscale amenities, including a private courtyard,…
Author: Kasun Illankoon
Sharjah Entrepreneurship Center (Sheraa) and Arada have announced a joint initiative as partners, which is poised to turn the spotlight on the UAE’s emerging talents in fashion. Their impact investment initiative is designed to harness the full business potential of local and locally based designers who need mentoring and support to bring their fashion concept to their target audiences across the nation. The initiative starts with a contest wherein interested applicants need to send their entries to the registration page on Sheraa’s social media platforms, before September 21, and ends with an opportunity to win a three-month rent-free retail…
Nestled along the alluring coastline of Dubai, Jebel Ali Port stands as a beacon of maritime brilliance, wielding a plethora of remarkable features that define it as a pivotal business hub. This article unveils the exceptional advantages of this port and its instrumental role in fortifying Dubai’s economy and international trade. Unravelling the Key Features A Gateway to the Globe: Situated between Rotterdam and Singapore, Jebel Ali Port is the region’s largest port, a vital distribution centre and conduit for global trade. Its deep-sea harbour boasts the unparalleled capacity to handle colossal container vessels, facilitating seamless trade connections. Specialised Infrastructure:…
ROSHN Group, Saudi Arabia’s most trusted multi-asset class real estate developer, and PIF giga-project, today announced MARAFY, a transformative, mixed-use development in north of Jeddah that will accommodate over 130,000 residents with a 11-kilometre-long manmade canal at its centre. MARAFY will provide a new waterfront around its manmade canal which will add a new destination to the north of Jeddah. The 11-kilometre long and 100-metre-wide navigable canal will connect to and extend Obhur Creek, will be surrounded by multiple unique districts, it is the first canal ever to be built in Saudi Arabia, and ROSHN’s first fully mixed-use development. David…
Climate technology company Partanna has announced a partnership with the Diriyah Company. Both parties are actively exploring the use of Partanna’s carbon-negative building materials throughout the $63.2 billion Diriyah project, as part of a Collaboration Agreement signed recently in Riyadh. Partanna, founded by award-winning architect Sam Marshall and former 3-time champion of the LA Lakers Rick Fox, has pioneered the world’s first carbon-negative concrete, which avoids emissions during its manufacturing process and naturally removes carbon. Through this collaboration, Partanna is seeking to support Diriyah Company’s vision of establishing Diriyah as a world-leading example of sustainability. Three centuries ago, Diriyah served…
The JV of VA TECH WABAG (WABAG)- a global leader in innovative water management solutions and Metito – a leading provider of intelligent water solutions signed the contract to develop a 400,000m³/day Perur Sea Water Reverse Osmosis (SWRO) Desalination Plant by the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB). The project aims to enhance water security and ensure a steadfast supply of clean potable water to over 2.7 million people residing in the Indian state of Tamil Nadu’s South Chennai area. Chief Minister of Tamil Nadu, Thiru M. K. Stalin, laid the foundation stone for the plant at a…
JLL, a leading professional services firm specialised in real estate and investment management, has successfully orchestrated the acquisition of a prestigious plot of land on the renowned Palm Jumeirah by Nakheel. This remarkable transaction, valued at AED 190 million, represents one of the highest land deals recorded in Dubai throughout 2023. Encompassing an expansive area of 56,295 square feet with 120,000 square feet of built-up area, this parcel of land will witness the emergence of an extraordinary residential development entailing retail and F&B spaces. With Dubai’s real estate market continuing to thrive, Palm Jumeirah maintains its position as one of…
Kasun Illankoon, Managing Editor at Construction Business News ME, spoke to Javeria Aijaz, Managing Director at HITEK, about the services they provide and how it caters to all industries.
Munjz, the Saudi-based, prop-tech cloud platform designed to cater to KSA property owners and developers, sets a new precedent within the property management industry after gaining robust traction in the past year. The company has revealed insight into its recent growth since securing a $5 million Pre-Series A funding round in February 2023, solidifying its position as a leader within the space. Established in 2018, Munjz emerged as a response to address the needs of both residential and commercial tenants, providing innovative solutions for services such as on-demand maintenance accessible through their platform. The company shifted from B2C to B2B…
PASHA Development – distinguished Azerbaijani real estate developer and subsidiary of PASHA Holding – announced today signing of a management agreement with Marriott International to bring The Ritz-Carlton Residences to Baku. As the first branded residence in the city, The Residences’ unique offering will allow owners to enjoy a host of inclusive benefits, additional paid-for hotel assistance, and the legendary service of The Ritz-Carlton. Located in Baku’s vibrant Nasimi district, The Ritz-Carlton Residences, Baku are situated in the landmark 31-story building. Fourteen floors are already home to The Ritz-Carlton, Baku – the brand’s first hotel in the country. This prime location offers residents convenient access to downtown Baku and Heydar Aliyev International Airport,…