Tag: Property News
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DAMAC Lagoons progresses as new contracts awarded
Dubai, United Arab Emirates, 16 May 2023: DAMAC Properties, one of the leading luxury real estate developers in the Middle East, has awarded contracts for the main works of two clusters, Nice N2 and Nice N3, and the backbone infrastructure works at the DAMAC Lagoons master community development in Dubai Land. The contract for the…
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Bouygues Batiment International and Intrakat joint venture undertakes the construction of Riviera Tower at The Ellinikon
LAMDA DEVELOPMENT S.A. informs the investing public that the process for the selection of the joint venture that will undertake the construction of the tallest, “green”, residential tower in Greece, Riviera Tower. The Contractor is the joint venture between Bouygues Batiment International and Intrakat, a partnership between one of the leading international contractors with a very good reputation and…
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City Walk to open new Health and Wellness brands by Q4 2023
Dubai, UAE – 16 May 2023: City Walk, the design-inspired lifestyle destination by Merex Investment, has announced the expansion of its health and wellness offering with the opening of more than 30,000 square feet of new tenants in this category by Q4 2023. City Walk has been actively leasing units in City Walk Boulevard to…
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Emirates NBD drives innovation and sustainability initiatives in collaboration with Microsoft
Dubai, UAE, May 2023: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has signed a Memorandum of Understanding to enter a sustainability and innovation focused collaboration with Microsoft. The initiatives will be built on the back of the parties’ recent collaborative effort – the digital partnership and technology…
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EFS Group Announces Partnership with Darwinbox to Elevate Employee Experience for its 25,000 Global Workforce
Dubai, UAE, May, 2023 – EFS Group, a renowned facility management company with a contract backlog of AED 6 billion providing services across 22 countries, has announced a strategic partnership with Darwinbox, the fastest-growing HR technology unicorn. This partnership solidifies EFS Group’s commitment to its people-first approach and aims to enhance the employee experience across…
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Q Properties’ phase 2 of its new Reem Hills luxury apartments sells out in just six hours
For immediate release Abu Dhabi, UAE – 15 May 2023: Q Properties – a leading UAE real estate developer and subsidiary of Q Holding – has seen phase 2 of its recently launched new luxury apartments in Reem Hills sell out in just six hours. Located in the heart of the capital and the only…
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Al Habtoor Group Announces New Iconic Development the Habtoor Tower, at Ground-breaking Ceremony
Dubai, UAE. 11 May 2023 – The Al Habtoor Group revealed today, in a press conference held at Al Habtoor City, the launch of one of the world’s largest and most innovative sustainable landmark buildings, the “Habtoor Tower” to be built in the prime location on Sheikh Zayed Road, on the banks of the Dubai…
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The Game Company Raises $5 Million at $40 Million Valuation
11th May 2023, Dubai, UAE – Revolutionary AI-driven cloud-based gaming platform, The Game Company, raised $5 million during their pre-seed round in December. The funds will be used to accelerate the development of The Game Company’s powerful platform and leverage AI technology to create an interconnected multi-role ecosystem. Their approach to create a unique AI-driven…
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KIZA Is Now Open: A Bold New Vision for Celebrating Africa’s Culinary Heritage
Dubai, United Arab Emirates, May 2023: KIZA, the region’s first Pan-African Restaurant and Lounge, has reopened its doors to the public after reinventing and reimagining itself to welcome patrons from all walks of life to come together under one roof to enjoy new vibrant flavours from Africa’s seas, lands and hearts, in an elevated sophistication…
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Ideal Standard showcases design and sustainability evolution in Venice
Leading bathroom manufacturer, Ideal Standard, hosted a series of exclusive events at a new temporary pop-up showroom in Venice. The Aesth|ethics pop-up showcased both the brand’s aesthetic design prowess and ethical goals and achievements. Visitors were also able to get an exclusive look into the latest design-led collections, installed in a unique and inspiring setting,…
Opinion: By Mohamad Salman
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UAE Real Estate Between Market Freedom and Developers’ Race for Profits
By Mohammad Salman, Editor-in-Chief The UAE has succeeded over the past years in building one of the most active and attractive real estate markets in the world. Regulations have evolved, registration procedures have become easier, foreign investment has expanded, and investor confidence has grown significantly. In Dubai alone, the value of real estate transactions in the first quarter of 2026 reached around AED 252 billion, up 31% year on year, according to the Dubai Land Department. That figure reflects the strength of the market, the scale of liquidity, and the confidence the emirate has managed to attract. Abu Dhabi has…
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