Author: Kasun Illankoon
Dubai South Properties announced the commencement of construction works for the first two phases of its South Bay project. Earlier this year, the company has confirmed appointment of Ginco General Contracting for the construction of the prestigious South Bay Project. The company also announced the launch of the third phase, which is slated for a Q3 2026 completion, and as a result of overwhelming interest from buyers, it is working on expediting the launches of future phases. The third phase features 213 units comprising 40 three-bedroom villas and 88 four-bedroom villas, in addition to 54 five-bedroom and 31 five- to…
Defying global economic challenges, the Middle East and North Africa (MENA) region’s construction sector continued to demonstrate strong performance with a total of $101 billion worth of projects awarded in the first half of the year, reveals JLL’s latest Construction Market Intelligence report, which is based on insights gathered from industry sources and experts. The largest share of the project value, approximately 67%, came from Saudi Arabia ($44 billion) and the UAE ($23 billion) with both markets recording an increase compared to the same period last year. Although Egypt experienced a decline in the value of awarded projects in the…
Property maintenance services provider mplus has launched total commercial kitchen maintenance solutions as part of the company’s ongoing commitment to providing industry-leading services to its clients. With over 12 years of experience providing a comprehensive range of home and property maintenance services, the latest service offering from mplus will accommodate the maintenance needs of commercial kitchens of any size across the UAE. The new total kitchen maintenance solutions by mplus cater to the specific requirements of commercial kitchens, including restaurant, hotel, catering and institutional kitchens. The solutions include preventative maintenance, customised annual maintenance contracts, full-time access to technicians and…
Oman’s real estate market has seen steady growth over the past two years, driven by the notable increase in the expatriate population over the last 18 months and strategic investment in the economy, as per the Oman Property Report 2023 by Savills. The report also highlights the country’s public debt decreasing from 65% of GDP in 2020 to approximately 40% in 2022, the positive shift in macroeconomic fundamentals, and the government’s focus on pro-growth initiatives, infrastructure, diversifying the economy, investing in green energy, and creating long-term economic opportunities. Oman Macroeconomic & Demographic Overview The expatriate population in Oman, which had…
National Properties, the real estate subsidiary of the UAE’s savings and investment company National Bonds, has announced that it has signed up East Coast Contracting & Trading LLC as the main contractor for the development of its iconic 1 Billion AED “399 Hills Park” Project. Situated in Dubai Hills community, the ‘399 Hills Park’ two towers development is scheduled for completion in Q4-2025 and promises to deliver luxuriously spacious units including one, two- and three-bedroom apartments. Mohammed Qasim Al Ali, Group Chief Executive Officer of National Bonds, said: “We are dedicated to working with best-in-class partners to realize our vision…
Taylor Sterling, one of the Middle East’s leading construction and engineering executive search agencies, has announced the launch of a new suite of services to meet the region’s increased demand for talent and unlock the potential of the gig economy trends within the construction sector. In addition to supporting organisations searching for talent to fill permanent roles, Taylor Sterling will now offer on-demand talent solutions, connecting project developers and contractors with a rich network of experts within the fields of construction and engineering and offering a short to long-term plug-in talent solution. After 18 years of finding and placing…
ALEC Engineering and Contracting LLC (ALEC), a part of the Investment Corporation of Dubai (ICD), today announced the appointment of Barry Lewis as its new CEO and the transition of former-CEO, Kez Taylor, into an advisory position on the board as a Non-Executive Director of ALEC. Barry will be charged with continuing to lead ALEC’s ambitious growth strategy with a focus on diversification into construction-adjacent lines of business, further penetration across the GCC, including into Saudi Arabia, and expansion into new geographies. “Under Kez’s leadership, ALEC has firmly established itself as one of the leading players in the region’s…
Imdaad, one of the largest integrated facilities management companies in the region, has secured a major three-year service contract from the Sports City Owners Association Management Services (SOAMS), an institution that works closely with developers and manages a number of communities and projects in the UAE. As per the partnership agreement, the environmental division of the facilities management company will provide specialized services to SOAMS which managing Dubai Sports City Master Community, seven residential buildings and 1,270 villas spread across an expansive 52 million square feet. Partnering for the first time, the agreement was signed by Mahmood Rasheed, COO of…
Khansaheb FM, a leading facilities management company headquartered in Dubai, was recently lauded with the coveted BICSc International Award for ‘Raising the Profile of the Cleaning Industry’. This accolade is awarded by The British Institute of Cleaning Science (BICSc), a premier organisation dedicated to elevating the status of cleaning professionals worldwide. Khansaheb FM has consistently led innovation and excellence within the cleaning domain. Notably, the company was the regional first to receive accreditation for Biohazard Decontamination Cleaning (SU2) in 2021 and On-Premises Laundry (OPL) in 2023, part of BICSc’s Cleaning Professional’s Skills Suite. These skills outline the highest industry…