Dentons, the world’s largest global law firm, has strengthened its real estate offering in the Middle East by hiring senior lawyer, Hazel Shakur Quinn in the United Arab Emirates. She joins as a senior legal consultant. Hazel is a UK-trained lawyer and entrepreneur specialising in real estate. Previously a partner at Bryan Cave Leighton Paisner, she has more than 22 years’ experience advising clients, including Middle East sovereign wealth funds, family offices, tech companies, major developers and investors, and international businesses on how best to tackle their complex real estate problems using strategic and practical solutions. She also co-founded one…
Author: Kasun Illankoon
Schindler will provide 150 additional elevators and escalators to the latest development phase of Masar, the urban destination in the city of Makkah. The mixed-use development, which includes hotels, restaurants, and shops, will cover an area of 1.2 million square meters. Schindler will build on its partnership with Umm Al Qura for Development & Construction company, providing 150 units for the latest phase of Masar, the urban giga-project located in Makkah. These will include 44 Schindler 7000 elevators, 65 Schindler 5500 elevators, 36 Schindler 9300 escalators, and 5 platform elevators – helping to transport people and goods through the shops…
Hisense, one of the largest global consumer electronics and home appliances manufacturers, has taken an innovative approach to the future of air conditioning with its latest range of solutions, featuring increased energy-efficiency, heightened intelligence, and a greater focus on healthier living and comfort. Aligning with Hisense’s core theme of ‘Innovation for the people,’ the new range of air conditioners includes advanced engineering and cutting-edge features, along with high-performance and reduced energy consumption, enabling users to save on utility bills, as well as minimizing environmental impact. Leveraging intelligent technology and internet connectivity, the user experience is further enhanced, with seamless control. “Hisense’s…
Jubail Island is delighted to announce the successful connection of the water network on the island, marking a significant milestone that reinforces LEAD Real Estate Developer’s unwavering commitment to delivering the project on time. The water network has been seamlessly linked to the existing water Transmission Line, operated by Abu Dhabi Transmission & Despatch Company (TRANSCO), in coordination with the Abu Dhabi Distribution Company (ADDC). This connection paves the way for the final stages of testing and commissioning the internal water network of Jubail Island. Additionally, we are pleased that we have recently handed over the plots of land…
Bloom Holding, one of the UAE’s foremost real estate development companies, has announced a guaranteed annual return on investment of up to 8 per cent over five years for its hotel apartments at Bloom Arjaan by Rotana. Only a limited number of premium units are available for investment. Located in Bloom’s prestigious Park View on Abu Dhabi’s Saadiyat Island and managed by Rotana Hotel Management Corporation (Rotana), units at Bloom Arjaan by Rotana range from studios to one- and two-bedroom hotel apartments with sizes spanning from 44 sqm to 114 sqm. Bloom Arjaan by Rotana is due to open in…
As the Kingdom of Saudi Arabia seeks innovative solutions to address its current housing challenge, the integration of Artificial Intelligence (AI) into architectural techniques holds great promise, according to Maximiliano Development Management Services (MDMS), a leading provider of project development services in Saudi Arabia. “With a collaborative and cautious approach, AI has the potential to transform the field, assisting architects and engineers to create sustainable, efficient, and visionary architectural designs that will cater to the needs of the present and future generations,” says Engineer Marwa Murad, managing director and founder of MDMS. The Kingdom of Saudi Arabia is currently facing a…
EIH Ethmar International Holding PJSC and Nirvana Holding, two leading companies based in Abu Dhabi, have announced a strategic acquisition deal, through which EIH acquired a stake in Nirvana Holding. This acquisition aims to strengthen Abu Dhabi’s position as a leading tourist destination and promote tourism investment and activities in the UAE capital by implementing and activating projects and operational plans that can contribute significantly to the tourism landscape, in line with the vision of the wise leadership to boost and develop the tourism sector in Abu Dhabi and Abu Dhabi Economic Vision 2030. EIH has a successful track record,…
Words by Blagoje Antić, Founder and Director of DHG Properties In 1971, the UAE’s GDP was valued at nearly AED 23.9 billion . Considering that there are only 2,640 billionaires in the world , this would be a significant amount of money for any person’s net worth to be valued at, however, it’s a completely different story when examining countries. When analyzing the data that is available for 196 countries via Wise Voter, the UAE’s GDP would rank among the bottom 20% of the world if its value was the same today as it was 52 years ago. However, the…
LEOS Developments, a world-class international developer, proudly unveils its new Experience Centre in Bay Square, Business Bay. The grand inauguration of this 15,000-square-foot space was attended by LEOS management and esteemed members of the Dubai Land Department, reflecting the strong collaboration and strategic partnership between the two entities. Rui Liu, Founding Director of LEOS Developments, expressed his delight with the support received from the Dubai Land Department, stating, “We are delighted with the support we have received from DLD since launching our first development in Dubai. Our goal is to develop a strong, long-lasting strategic partnership that will lead to…
While demand for mobile robots has increased this year, the number of new warehouses being built in North America and Europe has declined during 2023, according to new research from Interact Analysis. The market intelligence specialist reveals in the latest update to its warehouse automation premium market research report that the fall in warehouse building is having a knock-on effect on demand for end-to-end automation projects. Interact Analysis forecasts a decline in the demand for warehouse automation in 2023 Compared with 2022, there has been a 25% slowdown in the number of new warehouses being built in the US and…