Tag: Property News
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DAR GLOBAL AWARDS OMR 9.3 MILLION INFRASTRUCTURE CONTRACT TO OMAN SHAPOORJI COMPANY LLC FOR AIDA PHASE 1
With the completion of the grading and access package, Dar Global propels AIDA Phase 1 with infrastructure contract award to Oman Shapoorji Company LLC, advancing luxury living in Oman’s premier urban development24 June 2024: Dar Global, the London-listed luxury international real estate developer, is pleased to announce the awarding of the infrastructure contract for the…
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Dubai-based Neo Capital successfully refinances office building in Rotterdam/Netherlands with EUR 28.0 million in bilateral financing advised by JLL
This refinancing underlines lender appetite for Grade A office space Dubai, UAE; 24 June 2024 – JLL advised Neo Capital, a Dubai-based investment management firm, on the refinancing of Weena 200, Rotterdam, Netherlands. The Asset consists of a freehold, multi-let commercial space totalling 17,433 sq.m., with 16,909 sq.m. dedicated to office space and the remaining 1,364 sq.m.…
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Eaton launches xStorage Hybrid its new energy storage product for residential and light commercial buildings
United Arab Emirates, Dubai – Intelligent power management company Eaton is bringing to market its new energy storage product, xStorage Hybrid, which is designed to simplify the energy transition in residential and light commercial buildings. Comprising a variety of single and multi-phase battery systems that can be combined with Eaton’s pre-wired distribution boards and power protection…
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Mohammad Ghaleb Jaber: The Growth of Real Estate in Ajman is an Opportunity for Investors
Ajman Attracts Real Estate Investors from Around the World In recent years, the Emirate of Ajman has witnessed significant real estate growth, making it one of the most attractive investment destinations in the United Arab Emirates. This rapid growth reflects a comprehensive strategy implemented by the government to enhance various economic sectors and improve the…
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SOHO Development and Devmark announces The Berkeley Residences, where sophistication meets park front living in Dubai Hills
SOHO Development, a design-led residential real estate developer, is excited to announce its latest project, ‘The Berkeley.’ Positioned as Dubai Hills Estate’s first fully-furnished, hospitality-inspired residence, The Berkeley is set to offer unique parkfront living in one of the most sought-after communities. The UAE’s leading real estate project sales and marketing consultancy, Devmark, has been appointed as…
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Arada returns to global debt markets with successful closure of 3.5 times oversubscribed $400 million Sukuk
Dubai, United Arab Emirates: 12 June 2024 – Arada Developments LLC (“Arada”), rated B1 by Moody’s and B+ by Fitch, has successfully completed the issuance of its second public financing deal, a $400 million Sukuk, which has been listed on the London Stock Exchange and the Nasdaq Dubai. This is the first issuance under Arada’s newly…
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US$ 796.8 million of global private capital takes aim at Abu Dhabi and RAK property markets
Dubai, 10 June 2024: High-net-worth-individuals (HNWI) around the world are prepared to spend US$ 408.3 million on residential real estate in Abu Dhabi and a further US$ 388.5 million in Ras Al Khaimah, according to global property consultancy, Knight Frank’s second annual 2024 Destination Dubai report. Knight Frank has surveyed 317 HNWI – 217 around the world and…
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Discovery Dunes provides members-only premium residential community amidst soaring UAE luxury market
Dubai, UAE, 10 June 2024 – The overall UAE real estate market spearheaded by its luxury sector has been experiencing a constant growth in recent years due to several contributing factors such as strong foreign investment, rising demand for luxury homes and good return on investment opportunities, just to name a few. Additionally, the increase in…
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Empowering Tomorrow’s Workforce: YSpot Hosts Impactful Event on Youth Integration into the Workforce and Emiratisation
The informative event illuminates strategies for tackling and integrating youth into the workforce and advancing Emiratisation, featuring speakers from esteemed organizations. Dubai, United Arab Emirates, June 2024 – YSpot, the unique and forward-thinking AI-powered integrated platform designed to revolutionize connectivity between youth and organizations, successfully hosted a groundbreaking event on May 14, 2024, themed “Future-proofing your…
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Arada awards AED1.48 billion contracts to build the final two phases of Sharjah’s woodland megaproject, Masaar
Sharjah, United Arab Emirates: 6 June 2024: Arada has awarded two contracts valued at AED1.48 billion for the construction of Sequoia and Saro, the final two phases of Masaar, the AED9.5 billion woodland megaproject in the Suyoh district of Sharjah. Valued at AED650 million, the Sequoia contract to build 428 homes has been awarded to Pivot…
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