Tag: Property News
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RAK Properties Launches Additional Tower at Bay Residences Following Second Phase Sell-out
Ras Al Khaimah, 17 March 2023 RAK Properties, the leading real estate developer in Ras Al Khaimah, launches additional tower at its exclusive beachfront community Bay Residences, located on the prestigious Hayat Island. The release of the fourth tower comes after the success of sales at the second phase and follows a huge surge in…
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Eshraq Investments: AED 162 million for the sale of 58 residential units in Burj Daman.
Abu Dhabi, UAE; 17 March 2023: Eshraq Investments PJSC (“Eshraq” or “Company”) today announced that it has entered into Memoranda of Understanding (“MOU“) with regard to the sale of all the 58 apartments it owns in Burj Daman-DIFC-Dubai for a total sale consideration of AED 162 million. The transactions are a continuation of the Company’s…
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THE ELLINIKON BREAKS NEW GROUND WITH GREECE’S TALLEST BUILDING, RIVIERA TOWER
Lamda Development has broken new ground in Athens with work now underway at the iconic Riviera Tower, Greece’s tallest building and first ever skyscraper. Set to be completed by March 2026, the 200-metre Riviera Tower is just one highlight of The Ellinikon, one of the largest, most ambitious urban regeneration projects in the world. The Ellinikon…
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Wasl launches Park Views Residences at Wasl1 in Zabeel
Dubai, UAE, 16 March 2023: Wasl Asset Management Group, one of the largest real estate development and management companies in Dubai, announced the launch of Park Views Residences, the new phase of the Wasl1 mixed-use master development overlooking Zabeel Park and located on Sheikh Zayed Road next to the Max Metro Station. The project also…
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International and Regional Retail Leaders Take the Stage Today at The Retail Summit 2023
March 2023, Dubai, United Arab Emirates – The Retail Summit, an annual event providing unprecedented access to hear from global retail giants on the future and movement of the retail sector, remains the ultimate industry networking event on the global calendar, and commences today and tomorrow. The highly-anticipated two-day summit brings all industry players under one roof,…
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Department of Municipalities and Transport reports 6% reduction in service fees for real estate development project service charges in 2022
Abu Dhabi, 15 March 2023: The Department of Municipalities and Transport (DMT) have revealed that service fees for real estate units’ owners and investors in development projects were reduced by 6% during 2022. The reduction in service charges led to property owners and investors saving over AED37.2 million in 2022. DMT also announced that 319…
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Royal Commission for AlUla signs partnership with Centre Pompidou to develop a landmark contemporary art gallery at AlUla
AlUla, Saudi Arabia, 13 March 2023: The Royal Commission for AlUla (RCU) has signed an agreement with a leading French cultural institution, the Centre Pompidou, that will significantly enrich AlUla as a leading global destination for cultural and natural heritage. The agreement was signed by the Executive Director of Arts and Creative Industries for the Royal…
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Dubai Chamber of Commerce Launches Six Real Estate Sector-Specific Business Groups
Dubai, Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has unveiled the establishment of six real estate sector-specific business groups. The new groups focus on companies operating within the real estate sector, including real estate developers, real estate valuation, real estate leasing, facility management, interior decoration / interior design services and engineering consultants.…
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Q Holding and ORA Real Estate to Develop Sustainable Smart City in Ghantoot, Abu Dhabi
Abu Dhabi, United Arab Emirates, March 6, 2023, Q Holding and ORA Real Estate Development Group have recently signed a partnership agreement to develop a smart and sustainable city in the Ghantoot region of Abu Dhabi, UAE. The integrated city will span over 20 million square meters and will provide the community with residential, hotel,…
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Al Hamra announces the rebranding of Al Hamra Marina & Yacht Club as the Royal Yacht Club of Ras Al Khaimah
Ras Al Khaimah, UAE; February 28, 2023: Al Hamra, the leading lifestyle developer and investment company in Ras Al Khaimah, has rebranded Al Hamra Marina & Yacht Club as the ‘Royal Yacht Club of Ras Al Khaimah,’. The rebranding reinforces the Royal Yacht Club of Ras Al Khaimah’s position as one of the region’s most sought-after fully serviced…
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