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Reef Luxury Developments has officially launched in Dubai, and aims to reshape the emirate’s residential landscape through innovative concepts and community focused projects. The firm said that all its apartments will feature temperature-controlled ‘sunken balconies’, an innovation patented by the developer that allows residents to enjoy year-long outdoor living.
The company said it has acquired a land bank that will bring 5,000 residential units to the emirate, with US $1.36bn in projects set to launch over the next three months. By December 2025, Reef Luxury Developments plans to unveil 30 projects valued at $3.81bn. By focusing on launching unique projects in growing communities it aims to ensure both living experience and high return on investment (ROI) for buyers.
Samer Ambar, CEO, Reef Luxury Developments said, “Aligned with the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to establish Dubai as a global hub for innovation, we have introduced the first-of- its- kind ‘Sunken Balcony’ technology transitioning the real estate industry globally.”
He added, “Our commitment is to create exceptional properties that not only cater to the needs of today’s residents but also anticipate the evolving demands of the future. We are excited to lead the way in shaping vibrant communities that will enrich the quality of life for all.”
Reef Development is dedicated to making luxury living accessible. Its properties will be designed with modern amenities that cater to contemporary lifestyles, featuring green spaces, smart technology, energy efficient buildings and communal spaces which encourage social interaction.
To enhance its capabilities, Reef Luxury Developments has invested in research & development to lead the real estate industry with innovation and provide more value to its customers by focusing on technology and design.
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Mammoet has completed the heavy lift and transport of all four steel sections of the New Wear Footbridge, an infrastructure project aimed at enhancing connectivity for pedestrians and cyclists between Sunderland city center and the Stadium of Light, home to Sunderland AFC.
The 250m bridge was fabricated by Victor Buyck Steel Construction in Ghent, Belgium, and weighs 1,150t and consists of four sections. Mammoet’s team was appointed to navigate the challenges of heavy lifting in a busy urban environment by minimising the number of modules required.
To facilitate the transportation of the bridge sections, Mammoet partnered with marine heavy-lift firm HEBO, organising two shipments spaced a month apart. This just-in-time approach allowed the team to install the first two sections before the arrival of the latter two, ensuring a smooth workflow, said a statement from Mammoet.
The installation began on the north side of the river, where the first two sections were lifted from a barge using an LR 11350 crawler crane and placed onto concrete plinths. The crane was then relocated to the south side for the installation of the remaining sections, including the final and largest piece, which required the use of strand jacks due to its weight.
Richard Gatenby, Project Manager at Mammoet stated, “Our careful planning and coordination were crucial to overcoming challenges related to site space and scheduling. This project showcases how early involvement can help address various heavy-lift challenges, even in limited spaces.”
The completion of the New Wear Footbridge in Riverside Sunderland’s development is to enhance local transport links and support community engagement with the city’s key sporting venue.
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Merex Investment has announced the launch of J1 Beach in Jumeirah, which aims to transform Dubai’s beachfront dining scene. The dining district will feature 13 licensed venues, including international restaurants and new concepts, all offering sea views.
Gigi Rigolatto will be the first to open on 14 October, which aims to add a “touch of Italian elegance to Dubai’s shores”. Spanning 5,000sqm, guests can enjoy an Italian menu indoors or on one of the two terraces. The interiors boast a timeless, enchanting atmosphere with lush green foliage, a serene Mediterranean garden, a private beach, and a pool. Enhancing its charm are a Bellini bar, a pétanque court, and a concept store offering highly curated items, said a statement from Merex Investment.
Shahram Shamsaee, CEO at Merex Investment said, “We’re pleased to unveil our flagship beachfront dining destination in Dubai, made possible with the support of some of the world’s top hospitality operators. J1 Beach is set to become the crowning jewel of Dubai’s stunning coastline, offering guests an elevated experience of elegance and excellence with culinary innovation. We look forward to welcoming diners to enjoy the rejuvenating energy and panoramic views of the city at our day-to-night seaside venue.”
The firm said that Gigi Rigolato will soon be joined by several other dining venues including: African Queen, Almayass by the Sea, Bâoli Dubai, Chouchou, Gitano, INÁ, Kaimana Beach, La Baia by the Beach, Lúnico, Ninive Beach, Sakhalin, and Sirene by Gaia.
With a 500m-long shoreline, visitors to the destination can indulge in the ultimate coastal experience—whether lounging by the beach or pool, enjoying a leisurely lunch, or dining against the backdrop of the Arabian Sea, the firm said.
From sunrise to sunset, guests can enjoy signature cocktails with multiple dining options, from French and Middle Eastern to Asian-Mediterranean and Pan-Asian cuisines, J1 Beach promises an extraordinary escape, poised to become Dubai’s premier spot for relaxation and excitement, the statement concluded.
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The 2024 edition of the Construction Intel Summit KSA (CIS KSA) will put several crucial topics into sharp focus when it takes place on 16 October. The day-long event will take place at the Radisson BLU Hotel Al Mubarakiah Plaza in Riyadh, the Big Project Middle East (BPME) team explained.
23 speakers are confirmed to speak at the event including senior representatives from ROSHN and Diriyah Company, in addition to local and international consultants, contractors, dispute resolution specialists and technology companies.
Seating is extremely limited; registrations for real estate and construction professionals is complementary but mandatory, click here to register.
“The 2024 edition of BPME’s CIS KSA event boasts a packed agenda and over 20 senior speakers with decades of experience working on projects in the region, including several of the region’s current mega- and giga-projects. Each session will share crucial insights tying into our various topics of discussion, and I’m confident that delegates will leave the event feeling enriched,” said Jason Saundalkar, Head of Content at Big Project Middle East.
The event’s key themes are accelerating construction while maintaining construction quality, PPPs and their role in delivering resilient infrastructure in the Kingdom, building a robust supply chain to support the delivery of Vision 2030, sustainable development, and ESG’s role in securing the Kingdom’s near- and long-term future. Check out the agenda by clicking here.
The one-day conference will be followed by the inaugural edition of BPME’s Construction Golf Day Riyadh. The event will take place on 17 October at the Dirab Golf & Country Club in Riyadh. Registration is on a first-come, first-served basis, with registration fees set at SAR 550 per player.
Read more about the summit by clicking here.
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Real estate advisory Chestertons MENA has appointed Benjamin Cullum as Head of Valuations and Advisory in line with its expansion across the Middle East. This appointment marks a milestone in Chestertons’ vision to deliver innovative real estate solutions in the Middle East and strengthen its leadership in the valuation sector, said a statement from the firm.
Cullum brings 14 years of Middle East experience to Chestertons. His roles include valuations, strategic consultancy, development consultancy and the management of various operating assets. His experience covers a range of sectors including, malls, offices, industrial and hotels.
In his new role, Cullum’s core focus will be to build the Chestertons MENA advisory team to meet record client demand in the region. A Member of the Royal Institution of Chartered Surveyors (MRICS), he has previously held positions with Hamptons International as General Manager in Oman and senior roles at Cluttons in both Bahrain and the United Kingdom.
“I am excited to join Chestertons at this pivotal time. With the company’s regional growth plans, I look forward to working with our talented team to deliver unparalleled valuation services that meet the needs of our clients and contribute to the overall success of the business,” said Cullum.
Simone Dobson, Chief Operating Officer, Chestertons MENA said, “We are delighted to welcome Ben to the team. His expertise in valuations and deep understanding of the regional market will play a critical role as we continue to expand our operations and enhance the range of services we provide to clients.”
“Chestertons has long been recognised for its commitment to excellence in real estate consultancy, and the addition of Ben will ensure that the company’s valuation and advisory services continue to set industry standards. As part of the expansion strategy, Chestertons aims to broaden its footprint in the UAE, Kingdom of Saudi Arabia, Bahrain and North Africa, offering comprehensive valuation, advisory, and research services to investors, developers, and financial institutions,” added Dobson.
Chestertons MENA has operated in the region for nearly 16 years and has over 175 team members in the UAE and KSA. Last year the company doubled its Dubai footprint with the opening of new offices in the emirate, and opened an office in Riyadh, KSA in early 2023.
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