The Department of Municipalities and Transport (DMT) has announced the launch of the Unified Contract Template, which will be used for the sale of units and plots in Abu Dhabi’s development areas. This new initiative aims to establish clear regulations for the buying and selling process between developers and investors. It seeks to create a fair balance between the rights and responsibilities of both parties while fostering transparency and trust in the real estate market of Abu Dhabi. Starting from Monday, July 3, 2023, the Unified Contract Template will be exclusively implemented for registering sales and purchase contracts of off-plan…
Author: Kasun Illankoon
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, announced the signing of the Roadmap Agreement with the Ministry of Energy of Kazakhstan and Samruk-Kazyna, Kazakhstan’s Investment Development Fund and sovereign wealth fund, for the 1GW wind energy and battery storage project within the Central Asian country. This significant milestone establishes the project’s roadmap, providing a clear direction for the formalisation of processes and paving the way for construction. The agreement was signed by H.E. Almassadam Satkaliyev, Minister of Energy of the Republic of Kazakhstan; Nurlan Zhakupov, CEO of Samruk-Kazyna;…
Mohammad Abdul Karim Khamis is a young Emirati from Dubai and one of the visionaries, energetic and respected Facilities Management experts in the UAE marketplace. He has completed his graduation of Bachelor in Civil Engineering & Master’s in Strategic Management as well as a certified professional in Owner Association by the Real Estate Regulatory Authority RERA, well trained as Sustainability Facility Professional (SFP) from International Facilities Management Association (IFMA) in New Orleans, Louisiana-USA and Facilities Management. Transformation from Middle East Facilities Management Association (MEFMA) which helped him to have overall 17+ years hands on experience in Managerial and Operational levels to lead and strategize the Integrated…
Back to Powerlist Tarek Nizameddin is the Chief Executive Officer at AG Facilities Solutions (AGFS), joining the company in January 2022. In his role, he is responsible for providing strategic direction and leadership to drive transformation and innovation within the business, as well as overseeing AGFS’s regional operations. With a career spanning over 27 years, Tarek has extensive experience as a Senior Asset Management professional and an exceptional track record in leadership positions with global entities across both public and private sectors. His areas of expertise include Asset Management, Real Estate Development, Facilities Services, and Business Development. Prior to joining…
Stuart McGregor is the Managing Director of the rebranded BKA Facilities Management business (BKA FM), formerly known as BK Gulf Facilities Management. Dutco owned BK Gulf Facilities Management company was established in 1998 and has grown over the past 25 years to become one of the most recognized major fully integrated facilities management companies in the UAE. The rebranded business is supported by two Emirati powerhouses: Dutco and Al Ali Properties, both influential players in the UAE property development market. Stuart brings extensive experience in the construction and facilities management industry, including 14 years in the GCC and 20 years…
Mohammed Alsharaf currently serves as the Divisional CEO of iFM Holdings, which is part of the Eltizam Group. In this role, he oversees the Group’s FM division and its business entities, Inspire Integrated and 800TEK. Inspire Integrated offers Total FM solutions across a range of sectors including infrastructure, industrial, nuclear and tourism, while 800TEK is a tech-driven company that provides specialised single services to both B2B and B2C clients. Since joining Eltizam in 2016, Alsharaf’s enterprising strategies triggered a fundamental transformation of the division, leading to significant changes across different areas of the business including technology and innovation, team structure,…
Back to Powerlist Swiss national Markus Oberlin is CEO of Farnek Services LLC, an independent and leading provider of smart and green Facilities Management throughout the Middle East region. Markus is a certified HVAC Engineer, with an MBA in Services Management, from the University of Lucerne. He was appointed General Manager of Farnek in 2006 and further promotions ensued, before he was made CEO, in 2012. Under his leadership Farnek has now grown into one of the largest, most sustainable and innovative technology driven FM companies in the region, with over 9,000 employees. During his 17-year tenure, Markus has…
Leading Dubai-based real estate developer Binghatti and high jewelry and horology brand Jacob & Co. have entered in a design partnership to create a jewel of residential construction. The two brands are collaborating to deliver the Burj Binghatti Jacob & Co. Residences. Dubai’s shining Hyper-Tower is set to break the record for the highest residential tower in the world. With its majestically designed exterior and radiant crest, the Burj Binghatti Jacob & Co. Residences has deservedly been labeled “the crown jewel of Dubai”. Binghatti and Jacob & Co. are now accepting nominations from clients applying for acquisition. The program’s nomination…
Ellington Properties, Dubai’s leading and award-winning design-led boutique developer, and Dubai Multi Commodities Centre (DMCC), the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise, marked a milestone as they held a groundbreaking ceremony for Upper House, a new multi-family residential development located in Dubai’s premier mixed-used community, Jumeirah Lakes Towers (JLT). With a construction value of AED 715 million, Upper House is Ellington Properties’ first residential development in JLT and will add to the community’s growing appeal as a leisure, hospitality, and residential destination. Upper House will feature 754 units comprising elegant studios, one-,…
In conversation with Katerina Alekseichuk, Corporate Partnerships Director at Metropolitan Group Katerina Alekseichuk, Corporate Partnerships Director at Metropolitan Group, discusses the benefits and workings of the Metropolitan Group’s Partner Programme in an interview. The Partner Programme allows individuals and entities in the UAE (excluding real estate agents) to earn supplemental income through referrals in the real estate market. Interested participants can register online, contact the group via phone or WhatsApp, or send an inquiry through the website or Instagram. Once registered, partners are provided with a user-friendly portal to track the entire referral process transparently, from entering client details to…