LUXHABITAT Sotheby’s International Realty is proud to announce it has closed a deal for an LA-inspired beach mansion on the Palm Jumeirah at AED 63 million (USD 17mn). Spanning 8,600 sq ft with its coveted location on N Frond, the five-bedroom Garden home’s smart home technology, excellent condition and bespoke finishes made it a rare option in the market. “Homes of this calibre are extremely hard to find in the Dubai market now due to a limited supply of product offerings like these as well as an influx of luxury property buyers who are seeking exactly this type of quality…
Author: Kasun Illankoon
Z by HP Powered by Intel® Core™ Processors – Power through your heaviest workloads with high-performance workstation laptops, desktops, displays and solutions. Tested, optimized and certified to power complex workflows, Z high-performance workstations are engineered to outperform your typical PC. From data analysis and visualization to real-time rendering, 3D designs and animation — Z Workstations drive the heaviest professional workflows. National Geographic named it one of the world’s most beautiful museums; closer to home, Dubai’s Museum of the Future is called ‘the world’s most beautiful building.’ A third descriptor that everyone can agree on is that the Museum of the…
Roads and Transport Authority of Dubai (RTA) awarded its “Sustainable Transport Contractor” prize to ACCIONA’s joint venture for the Dubai Metro extension project. These awards recognize road and transport projects and initiatives carried out in Dubai that make a positive contribution to caring for the environment through the application of sustainable construction principles. The award ceremony took place in the World Trade Center of Dubai and the prize was received on behalf of ACCIONA by its Project Director, José Luis Oliván. One of the main reasons leading to the prize was the award of LEED V4 Gold certification for the…
United Real Estate Company K.S.C.P (URC), a leading real estate developer and investor in Kuwait and the MENA region, announced its financial results for the first quarter ended 31 March 2022. The Company reported a 41.64% increase in net profits reaching KD 1.60 million for the first quarter of 2022, compared to KD 1.13 million for the same period in 2021. Operating profits increased by 7.05%, reaching KD 3.51 million for the quarter compared to KD 3.28 million reported in the first quarter of 2021. Commenting on the results, URC Vice Chairman and Group Chief Executive Officer, Mr. Mazen Issam…
Houlihan Lokey, the global investment bank listed on the New York Stock Exchange, is pleased to announce that it has secured funding for SPIPD to finance the completion of Imperial Avenue residential development in Downtown Dubai. Arun Reddy, Managing Director and Head of Middle East and Africa at Houlihan Lokey, commented, “This transaction marks an important milestone for the development of the Imperial Avenue project and for Dubai. We worked closely with the Real Estate Regulatory Authority (RERA) who helped facilitate the transaction, and we were able to leverage our global reach and access to international capital to secure…
UAE-based total facilities management service provider Emrill has developed and launched an app to drive operational efficiencies in the delivery of cleaning services within vertical communities. Utilising the efficiency-enhancing app, Emrill has increased operational efficiency by 25 per cent across manpower optimisation and task completion. In 2018, Emrill, in collaboration with tracking solutions provider, TechnoPurple Tracking, launched its efficiency-enhancing app for horizontal communities, achieving a 20 per cent increase in manpower optimisation and a 10 per cent reduction in manual task supervision. Building on the success of the award-winning app, Emrill has shifted its focus to vertical communities, which make…
Jubail Island Investment Company (JIIC) announced today the completion of the construction for the main bridge linking the Jubail Island project to Sheikh Khalifa bin Zayed Al Nahyan highway (E12), which will become the main entry route to Jubail Island. The bridge plays an important role in providing easy, direct access to Jubail Island as well as proximity to public parks, open spaces and cycling tracks. It will also link different villages within the island to each other as well as facilitating movement between the two sides of the island, where the Jubail Mangrove Park, Jubail Pura Eco Retreat and…
Arada has awarded two major contracts together totalling AED460 million (USD 125mn) to build the first residential district at Masaar, Sharjah’s forested megaproject. Featuring 4,000 villas and townhouses, Masaar is divided into eight gated districts, all set in a woodland and nature-inspired master plan. Valued at AED228 million (USD 62mn), the contract to build 142 villas in the Sendian district of Masaar was won by Kuwait’s Mohammed Abdulmohsen Al-Kharafi & Sons (Al-Kharafi), one of the most experienced contractors in the regional construction industry, which is already working with Arada in the development of two other projects, Aljada and Nasma Residences.…
EFS Facilities Services Group crosses AED 1.2bn in new projects therefore strengthening its leadership position within the industry and reinforcing the Group’s ethical business practices Integrated facilities management provider EFS Facilities Services Group (EFS) has started 2022 on a high note by announcing its financial results for the first financial quarter of 2022. The people first organization amassed strategic contract wins worth AED 1.2 billion in the first quarter, strengthening its leadership position within the industry and reinforcing the Group’s ethical business practices. The recent contract awards include a mega soft services contract for Jeddah Airport and multiple iconic projects…