In a diversification and growth push, UAE-headquartered Investment Holding Company Yas Holding has announced the launch of a new real estate division named Taraf, to bring a new standard of luxury, high-quality and uniquely crafted properties to residents and investors, in the UAE and beyond. As a luxury and boutique residential property developer, Taraf will deliver thoughtfully curated and exclusive residential properties in iconic and prime locations across the UAE, for discerning national and international clients. Low Ping, Chief Executive Officer at Yas Holding said: “We are delighted to launch Taraf at a time when the UAE is witnessing a…
Author: Kasun Illankoon
Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, announced the signing of an agreement with Bright Capital Investment, a school operator and investment company seeking to create one of the largest educational platforms in the UAE, to lease and operate a premium-quality, affordable British School in the thriving Dubai South Residential District, alongside Expo Road and in proximity to Expo City Dubai and the different residential communities across Dubai South. The agreement was signed by HE Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, and Mr Esref Temel, Managing…
Jason joins KEO with over 25 years of international and regional construction and real estate industry experience. Prior to joining KEO, Jason spent 18 years with a global multi-disciplinary consulting firm holding various very senior positions, including that of Vice President in the delivery of PMC services in Saudi Arabia, Qatar, Australia and other GCC nations. His qualifications include an MBA in Construction and Real Estate, BSc and Post Graduate Diploma in Project Management. He is a member of the Association of Project Management, Construction Management Institute of America, Australian Institute of Project Management and is a Chartered Member of…
Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), has announced the beginning of construction of its entertainment destination in Tabuk at the Municipal Investment Forum (Furas), organised by the Ministry of Municipal and Rural Affairs (MoMRA). With a development value of more than SAR 1 billion (USD 267mn), SEVEN’s entertainment destination in Tabuk will transform the entertainment landscape in the region with a wide range of attractions and experiences. Designed by world-renowned architects, Gensler, SEVEN’s entertainment destination in Tabuk is set on over 72,500 square metres of built-up area and on a land area…
Deyaar Development, one of Dubai’s leading property developers and real estate service providers, today announced plans to handover the Mesk and Noor Residential Districts – the Phase 3 and 4 of its award-winning Midtown master development in Dubai. The Mesk and Noor Districts comprise over 900 residential units, including studio, one-, two- and three-bedroom apartments. The Mesk District handover will commence on February 14, 2023, ahead of its scheduled handover timeline, and move-in for residents will be permitted effective mid-February. The Noor District will be handed over as per schedule by the end of June 2023. With this, Deyaar will…
Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has awarded a Primary Infrastructure and Utility Contract valued at nearly SAR one billion. The project will be undertaken by AL-AYUNI Investment and Contracting Company to deliver the first phase of development at Amaala, an ultra-luxury tourism destination located along the Kingdom’s north-western coast, across its Triple Bay masterplan. AL-AYUNI, classified as a “First Class” contractor in the Kingdom since 2006, will be responsible for delivering state-of-the-art Primary Utility Infrastructure Systems, while minimizing Triple Bay’s carbon footprint as part of…
Cyril and Louis Keller, the brothers who invented the world’s first compact loader (later named the Bobcat skid-steer loader), have been selected as 2023 inductees for the National Inventors Hall of Fame (NIHF) in the USA. The NIHF annually recognizes inventors, promotes creativity and advances the spirit of innovation and entrepreneurship. How it all began In the 1950s, brothers Cyril and Louis operated a small machinist-blacksmith shop in Minnesota together, building and repairing machinery for local farmers. A farmer approached them with a need for a self-propelled loader light enough to be lifted to the second floor of a turkey barn…
Eshraq Investments PJSC announced today an update to its shareholders regarding its previously announced sale agreement with Danube Properties for the sale of two plots in JVC. On 6th October 2022, Eshraq had announced the sale of two land plots in Jumeirah Village Circle (JVC) in Dubai to Danube Properties. In addition to the initial purchase price of Dh33.1 million, the sale and purchase agreement provided for an annual profit and an earnout mechanism payable to Eshraq tied to the projects’ profits. Danube recently announced that its Dh550 million project Elitz on the said plots has been sold out and…
Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM) has signed a deal with Millennium Hotels & Resorts, a global hotel group to open ‘Grand Millennium Resort, Danah Bay, the Group’s latest flagship freehold project in the UAE, located at the heart of the Marjan Island. The deal was signed by Khalid Bin Kalban, Vice Chairman and CEO, Dubai Investments and Fahad Abdulrahim Kazim, CEO of Millennium Hotels & Resorts, Middle East & Africa. The hotel will be operated under the Grand Millennium brand, with 300 rooms and positioned as an upper upscale resort with exciting…
Saudi Arabia’s bid for Expo 2030 is not a one-off investment, explained the head of the Royal Commission for Riyadh City, HE Fahd Al-Rasheed, it would rather be one “in the future of our citizens, resident and visitors.” “We’re thinking about the legacy of the site itself and how it can be used. It cannot be just built and then everybody packs their bags and leaves. It has to be used beyond us. So, we’re thinking about the design of the buildings and we have that in this site masterplan in a way that we can use them for…