Thomas & Adamson, the international project management and cost consultancy firm, has announced that it is delivering cost management services on the new ‘Serenia Living’ luxury residential development. The luxury beachfront project is taking shape in the first plot of the West crescent of the Palm Jumeirah in Dubai. Thomas & Adamson (T&A) was appointed in 2022 under lead design consultant, Godwin Austen Johnson (GAJ), to deliver pre-and post-contract cost management services on this prestigious project, for UAE-based developer Palma Holding. T&A was appointed to manage costs amid challenging market conditions and inflation pressures. With more than 85 years’ experience,…
Author: Kasun Illankoon
Magnom Properties, a subsidiary of Rawabi Holding, has announced that the futuristic ‘Forbes International Tower’, designed by Adrian Smith + Gordon Gill Architecture (AS+GG Architecture), will be the first-of-its-kind project in the world to run entirely on the Liquid Organic Hydrogen Carrier (LOHC) system. The LOHC technology enables hydrogen to be stored, transported and released in safe and environmentally friendly manner. In line with the sustainable vision of the zero-carbon emissions commercial tower, Magnom Properties has signed a Memorandum of Understanding (MoU) with Schneider Electric, the leader in the digital transformation of energy management and automation, and H2-Enterprises, a global hydrogen…
Property Finder has announced the findings of its latest Egypt Market Watch Report for Q1 2023, recording key transaction trends and insights for the country’s dynamic real estate sector. The research indicates that ongoing projects, new developments, and rising demand for ownership will shape the future of real estate in Egypt. Inflow of investments in property development The residential and mixed-use real estate sector recorded 522 ongoing projects, worth USD 309.9 billion. These accounted for around 50% of the total number of projects and constituted approximately 83% of the total investments. The ongoing real estate projects in Egypt span across…
Prestigious luxury real estate developer Dar Global unveils its latest and most distinguished project, Tierra Viva. This architectural jewel is set within the ultra-exclusive area of Benahavis, a mere 8-minute drive from the stunning Marbella. The launch of Tierra Viva represents a noteworthy landmark in Dar Global’s relentless pursuit to deliver incomparable investment opportunities in the luxury segment; the project is valued at approximately 282 million euros. An exclusive community with 24/7 premium security, Tierra Viva sits within the gated community of Los Jararillos which hosts 2 gatehouses and 24/7 premium security, providing a private and secure environment for its…
Following the successful launch of DAMAC Bay and DAMAC Bay 2 by Cavalli, comes the unveiling of Skycrest Collection – an exclusive seafront living. Located in the heart of Dubai harbour, this carefully crafted collection will span multiple floors of the two projects, across all five towers taking advantage of the spectacular views of the harbour and beyond. The Skycrest Collection will feature ultra-luxurious apartments designed by Italian fashion house Cavalli and will offer access to one of a kind amenities for the discerning customers. Promising a beach at your doorstep, the twin project was launched this year to bring…
More heavy equipment auction participants are bidding on-the-go using mobile technology. Following an updated release of Ritchie Bros.’ mobile bidding app in 2022, the global asset management and disposition company has seen a surge in international app users. At its March auction in Dubai, Ritchie Bros. saw more than 10% of all bids come through its mobile app. Offering multiple user-friendly ways to participate at auctions makes it easier for bidders to join. The latest Dubai auction attracted the third-highest recorded number of registered bidders and buyers in the last five years for a March auction in Dubai. More than…
MAG, one of the leading real estate developers in the UAE, has announced that its Q1 2023 sales across different projects reached AED 3 billion. Offering transformational living through the design of space, MAG’s luxury residential development, Keturah Reserve, located in Mohammed Bin Rashid City, District 7 in Meydan, recorded the sale of all available 93 townhouses, with 70% of the project’s units having already been sold. Over at ‘The Ritz-Carlton Residences, Dubai, Creekside,’ part of the Keturah Resort located on Dubai Creek facing Dubai’s wildlife sanctuary in Ras Al Khor, the penthouses with 360-views of the Dubai skyline, the…
Ethmar International Holding – EIH Group has announced the acquisition of Lamar Residences, one of the luxury mega projects on Al Raha Beach in the Seef district in Abu Dhabi, with a sales volume of approximately one billion dirhams, including the shareholders’ returns. The acquisition has completed through I Properties, an EIH Group’s real estate subsidiary, in alignment with the groups’ plans to expand and diversify its business scope locally and globally, attract investments in the gulf, and support efforts to boost the UAE’s real estate sector. In this occasion, Ali El Gebely, the MD & Group CEO…
Leading UAE-based smart and green facilities management (FM) company Farnek has appointed Muna AlNahdi as its new Head of Consultancy & Sustainability, to direct Farnek’s green strategy and net zero plans. With over 14 years’ experience in the UAE, AlNahdi will lead a multi award-winning team of energy efficiency engineers, auditors and sustainability consultants, who currently work across a number of industry sectors in the UAE including hotels and hospitality, retail, commercial offices and residential properties. Markus Oberlin, CEO, Farnek, said: “Muna has a strong technical background and has successfully delivered a variety of sustainability solutions, particularly energy-efficient retrofit projects.…
Azizi Developments, a leading private real estate developer in the UAE, is advancing rapidly in the construction of the third phase of Riviera, its French Mediterranean-inspired waterfront community strategically located in the highly sought-after Mohammed Bin Rashid City, amidst Dubai’s business, leisure, and retail hubs. Riviera is part of Azizi Developments’ award-winning portfolio. It is a stylish waterfront-lifestyle destination comprising 75 mid- and high-rise buildings with approximately 16,000 residences. Phase 3’s buildings are fully equipped with gyms, swimming pools, saunas, steam rooms, and children’s play areas, and are surrounded by vast green open spaces and other lifestyle-enhancing amenities. The third…