Samana Developers, one of the fastest growing real estate companies in Dubai, today launched a Dh215 million California residential project. This is the first project in Al Furjan neighbourhood, which is headed by master developer Nakheel Properties. The demand for Dubai properties is currently highly bullish and positioned the metropolitan city as the world’s top market hitting Dh11.3 billion ($3.1 billion) in the first half of the year, edging past Hong Kong and New York. The G+P+10+Roof California is the 6th project launched by Samana Developers in H1 2023. Samana has a target to launch 12 projects by the end…
Author: Kasun Illankoon
Oman Cables Industry (OCI), the leading manufacturer of energy cables and innovative service provider in Oman, along with its strategic partner Prysmian Group, unveiled its vision for a sustainable future, highlighting the Group’s dedication to environmental responsibility, social progress and innovation. The Sustainability Day event took place recently and brought together industry leaders from across the GCC Region. OCI reaffirmed its unwavering commitment to sustainable growth and its resolute alignment with the ambitious Oman Vision 2040. Demonstrating their proactive approach, OCI took a pioneering step by organizing the event under the theme “Going Green, Going Digital.” With sustainability firmly integrated…
One of Dubai’s leading real estate agencies, Unique Properties, has observed an unprecedented surge in Dubai’s real estate sector, with a total of 60,440 sales transactions worth AED 177.3 billion being recorded during the first half of the year. The value of real estate sales recorded in the first six months of the year exceeds the annual sales value recorded each year in Dubai from 2009 to 2021, while also showcasing a 46.71% jump for the residential property market and 30% for the commercial sector when compared to the same period last year. Throughout this time, Dubai witnessed the largest…
Delta Coatings International, a leading Dubai-based waterproofing specialist and protective coatings system house, has announced the appointment of Paul Symons as director of sales to spearhead expansion in Oman, Saudi Arabia, and across the North Africa region as well as internationally. Responsibilities for the new role will include overseeing product launches for a range of new Delta Coatings branded, hand-applied products as well as providing personalised service to existing and new clients in the UAE and around the world. His appointment comes off the back of a sustained period of growth for Delta Coatings, which has seen the full-service protective…
Azizi Developments, a leading private developer in the UAE, has partnered with Maschinenbau Halberstadt GmbH, a renowned German-based, international supplier that manufactures and assembles high-quality, reliable, and environmentally friendly power generating sets, to source top-tier diesel generators for its Beachfron’ project, located in Riviera, MBR City, as well as for Amber in Al Furjan. Maschinenbau Halberstadt GmbH was founded in 1957 and is headquartered in Halberstadt, Germany. MBH’s power-generating sets are used in various applications, including but not limited to temporary power supply, emergency power, industrial power, off-grid power, and marine propulsion. The company’s products are designed and manufactured to…
Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, has begun construction on its three plots in Al Furjan comprising of Millennium Talia Residences, Amalia Residences, and development of a third plot which will be announced soon. The total value of the project will be approximately AED 300 million, and once completed, the three plots will comprise residential units and hotel apartments and will include approximately 371 diverse units consisting of one, two and three bedrooms. Commenting on the announcement, Ayman Al Hammadi, Senior Vice President – Development at Deyaar, said: “We are pleased to…
ENGIE, a global leader in low-carbon energy solutions and services, has launched its pioneer Youth Development Program: Accelerating the Energy Transition. The program stands as a powerful testament to ENGIE’s dedication in empowering talented university graduates in their final year of study, equipping them with opportunities in the domains of renewables, green hydrogen, and desalination. With a firm commitment to embedding essential knowledge and expertise, this initiative sets out to cultivate the next generation of visionary leaders, fully capable of spearheading a just energy transition. With a commitment to the UAE’s National Youth Strategy and Net Zero by 2050 targets,…
Fire and life safety specialist, Tenable Fire Engineering Consultancy (FEC), has set its sights on double-digit growth in 2023, targeting a 50 per cent increase in revenue. A surge in project wins and expansion into new markets has put the organisation well on its way to achieving its business objectives, supported by restructuring Tenable FEC’s global teams to move away from regional silos and create more collaborative workflows. Tenable FEC achieved positive results in 2022, enabling the organisation to switch from post-pandemic recovery to focus on expansion both regionally and internationally. The fire engineering consultancy achieved a 20 per cent…
Innovative digital solutions company HITEK, part of leading UAE-based smart and green facilities management (FM) group Farnek, has signed an agreement with the Swiss five-star luxury 7132 Hotel in Vals, Switzerland, to employ its ground-breaking hospitality solution. FLEXIGUEST Property Management System (PMS), with its state-of-the-art mobility app, which was developed in-house by HITEK’s award-winning solutions architects, will not only digitalise the hotel’s guest journey from the initial reservation through to check out, but it can also interface with the hotel’s property management system (PMS). This offers guests a whole suite of services, from uploading travel documents to ordering limousines,…
Global real estate consultancy Knight Frank has released its Saudi Residential Market Review – Summer 2023. According to the report, the residential sector experienced a significant decline in transactions during the first half of 2023, with a 32% decrease compared to the previous year. The report reveals that approximately 70,000 transactions were recorded between January and June, marking a notable drop from the 103,000 transactions observed during the same period last year. The total value of transactions experienced a slower decline of 28% during the same period, indicating a continued rise in unit prices across the Kingdom. The declining trend in the…