Overlooking the waters of the Marmara Sea, a mixed use project intended to drive economic growth in the area is taking shape. The enclave of branded hotels, restaurants, shops and 1,463 luxurious homes is developed and constructed by Turkey’s indigenous Dap Yapi Construction – the name behind Centro Futura, Adam Kule Tower, and Taksim Petek Residence – with handover scheduled to begin from December 2016. Constructing the five sea facing towers – each over 150 metres tall – are Raimondi’s MRT 144, MRT 111 and SRT 85 models, with lifting capacity of 10, eight and six tonnes respectively. Standing tall…
Author: Paromita Dey
Qatar-based Tadmur Contracting has become the first contracting firm to earn a gold LEED certification for its Evergreen building located within Energy City Qatar (ECQ). After meeting the stringent standards related to Energy and Environmental Design, in compliance with LEED of the United States Green Building Council (USBGC) requirements. CEO of Tadmur Holding Dafer Mustafa Hallawa said: “The revival of the construction boom in Qatar and across the region has presented serious environmental issues and concerns. However, our strong commitment towards sustainable development drives us to implement projects that strictly complies with and adheres to Global Green Building and environment-friendly…
Atkins and Faithful+Gould organised its first annual conference for the Women’s Business Network (WBN) in October 2015. Women at the event talk to Construction Business News ME about how a women’s network could help them improve the existing culture in the work environment. Atkins and Faithful+Gould (F+G)‘s WBN conference held at the Conrad Hotel in Dubai on 5 October 2015, welcomed 100 women employees along with a number of directors from across the region. The conference aims to bring together women employees within the Atkins and F+G network in the region to share their experiences, interact and encourage one another…
Nakheel is planning to partner Thailand-based Centara Hotels and Resorts to create a 550-room resort at Dubai’s newest tourism hotspot – Deira Islands. The upscale beachfront resort, complete with its own waterpark, would be the first Centara establishment in the UAE. Nakheel has 10 hotels – including five star, all inclusive and value-for-money concepts – currently underway and are planned at locations across Dubai, with five of them at Deira Islands. Nakheel’s hotel portfolio also includes the five star Palm Tower on Palm Jumeirah, two hotels at Ibn Battuta Mall and two at Dragon City. The planned partnership is Nakheel’s…
Sharjah Asset Management launched Al Saja’a Industrial Oasis, one of the largest industrial projects in the region, on 28 October 2015 at Al Jawaher Reception & Convention Centre. The project has 353 units of real estate and industrial mixed-use, built on nearly 14 million sq.ft of land. The project comprises various plots with diverse types of land usage, varying from 220 light industries plots, 45 medium industries plots, 84 commercial and mixed-use plots, 30 retail units, 3 retail units, in addition to one unit dedicated for staff accommodation. It is strategically located on Emirates Road (E611) in close proximity to…
Parties gathering at the Conrad Hotel in Dubai for the 27th Meeting of the Parties to the Montreal Protocol (27th MOP) this November 2015. The parties include high level delegates from UAE, UNEP, Australia, France, Maldives, Netherlands, Uruguay, USA and World Bank. The sessions will discuss four proposals submitted by 40 countries to amend the Protocol to phase down the production and consumption of hydrofluorocarbons (HFCs). HFCs are chemicals used in air conditioning, refrigeration, foams and aerosols as replacements for many ozone-depleting substances that are being phased out under the Montreal Protocol. Not only does the chemical enable global warming,…
New York-based Brookfield Property Partners has collaborated with Qatar Investment Authority (QIA) on the mixed-use Manhattan West development project in New York City. Brookfield sold a 44% interest in the development to QIA. The total value of the development upon completion and stabilisation is estimated to be $8.6bn. “Brookfield has enjoyed a long-standing, successful relationship with QIA and we are thrilled that they share our vision for this transformative project,” said Bruce Flatt, CEO of Brookfield Asset Management. “This joint venture is an example of our strategy to invest in high-quality real estate with strong partners. It is also a…
The Abu Dhabi Urban Planning Council (UPC) has planned more than four hundred villas for Emiratis in a beachfront community development in Al Gharbia, Abu Dhabi. The residential neighbourhood, the Mirfa Beach Master Plan, includes 410 Emirati villas with all of the infrastructure and community facilities constructed by Musanada, who are the official project developer for the community, working in coordination with the Abu Dhabi Housing Authority (ADHA). The master plan was handed over by the UPC to Abu Dhabi General Services Company (Musanada) for detailed master planning, building design and construction. The design of the villas and community facilities…
Gemini Energy Group will be branching into UAE’s real estate sector with a series a luxury projects in the coming months. The group’s real estate division, Gemini Property Developers, will soon announce the ground-breaking of its maiden project, a high-profile luxury residential building. Sudhakar R. Rao, managing director of Gemini Property Developers, pointed out that diversification into real estate was a natural progression and a strategic business move aimed at leaving a mark on the UAE’s property business. “Dubai’s real estate market has come full circle since 2005, having experienced both the boom and bust cycles. Growth has stabilised in…
Damac Properties’ Damac Esclusiva and Damac Tower by Paramount Hotels and Resorts projects on King Fahd Road have completed 75% of the cladding works. More than 16,000 square metre of glass has been installed on the outside of the two towers with the cladding consisting of reflective glass, aluminium, tri anti-steel panels. The total amount of glass across the two towers to be installed will exceed 22,000 square metre, enough to cover three football pitches. Work on the front panels and back panels glass elevation has reached level 29 for Damac Esclusiva, and level 34 for Damac Tower by Paramount…