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October 11, 2024 foasummit0

DAMAC Properties has announced its fifth master community, DAMAC Sun City. Located in Dubailand this new development will offer a blend of wellness-focused living, nature, and modern luxury benefiting physical, mental, and overall resident well-being, the developer said.

Mohammed Tahaineh, General Manager of Projects at DAMAC stated, “These are exciting times for us at DAMAC Properties. Our community development portfolio is expanding, offering a wider reach of expectations and homeowner interests. DAMAC Sun City is our fifth master community, launched shortly after the successful launch of our Riverside development in May. We are excited to see that demand continues to remain strong and powerful in Dubai, a trend we forecast will stay for a long time to come.”

Key amenities include forest hiking trails, outdoor yoga studios, barefoot reflexology areas, and crystal healing spaces. Additionally, residents can enjoy a sunrise outdoor gym, camping areas, a suspension bridge, open auditorium, forest hiking trail, monkey bar arena and a water fountain that serves as the community’s centrepiece. With the inclusion of a library co-working space, organic wellness stores, crystal healing, and ice bath therapy stations, DAMAC Sun City will offer an approach of modern living.

DAMAC Sun City offers investment opportunity with reasonable payment options. DAMAC is offering 75/25 payment plan, along with a 4% Dubai Land Department (DLD) waiver for the first batch of investors, making it accessible for investors seeking both luxury and value in Dubai’s real estate market.

Set in an area for its connectivity to Dubai landmarks such as Downtown Dubai, Dubai Marina, Dubai International Airport, and Al Maktoum International Airport, Sun City is designed to cater, foster relaxation, adventure, and mindfulness, the developer explained.

DAMAC has been at par with the growth of the city’s real estate roadmap. Having launched multiple projects since 2023, the company is geared up to fill all gaps that the city’s property market demands, the statement concluded.

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Source: ME Construction News


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October 11, 2024 foasummit0

Miral has announced that construction of the 16,900sqm expansion of Yas Waterworld Yas Island, Abu Dhabi is now over 55% complete, and is set to open in 2025.

The expansion of the water park is projected to increase guest capacity by 20% with the introduction of 18 new rides and attractions and 3.3km of slide sections, taking the park’s total to more than 70 rides and experiences. Among the upcoming attractions will be the UAE’s highest slide and the first water-based amusement ride into a waterslide complex, featuring a 15m drop designed to delight up to 20 guests and water park enthusiasts at a time, the firm said.

Key construction milestones include over 67% of concrete being poured (10,662 cubic meters) and 25% of the steel columns installed.

Jonathan Brown, Miral’s Chief Portfolio Officer said, “This expansion, building on Yas Waterworld’s popularity with both local and international visitors over the past decade, reaffirms our commitment to constantly elevating Yas Island’s position as a top global destination for entertainment and leisure. We are thrilled to be providing our guests from around the world an enriched and exciting new experience.”

Since its opening in 2013, the park has offered guests an experience within the ‘The Legend of the Lost Pearl’ story, which reflects the UAE’s heritage, the firm said.

The expansion is set to unveil a new adventure called the ‘The Legend of the Lost Village’ where guests can embark on a journey to discover hidden treasures and secret passages, with fun attractions.  Mini thrill seekers will get an opportunity to enjoy scaled-down versions of Yas Waterworld’s rides ‘Dawwama Junior’ and ‘Sebag’. The expansion will also include slides and water rides, eight additional pools, and new food and beverage outlets, all designed towards enhancing the overall visitor experience.

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Source: ME Construction News


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October 10, 2024 foasummit0

Dicode in partnership with InfraX, the ICT arm of Digital DEWA, is launching an end-to-end solution for gas companies across the UAE to support the upgrade of their current analogue meters into smart infrastructure, in line with the vision of Dubai to be the world’s digital capital.

InfraX, which operates and delivers high-performance network infrastructure solutions across the UAE, has entered into an agreement with Dicode to provide LoRaWAN (Long Range Wide Area Network) across the UAE.

Dicode is launching the solution under a PaaS (Platform as a Service) model, which includes an advanced Smart Gas Meter, the Communication Solution powered by InfraX and a patented IoT solution. The PaaS model will help gas companies and other utilities migrate from analogue meters to smart solution efficiently and quickly, under a CAPEX to OPEX model.

Furthermore, the partnership will address various market segments with customised solutions based on specific requirements, aiming to revolutionise the utilities in the UAE, the statement explained.

InfraX’s Chief Operating Officer, Rashid Alahmedi said, “We are delighted to enter this strategic partnership with Dicode. We are excited to work together to enable the development of innovative smart gas IoT infrastructure, we aim to revolutionise the gas industry and enhance the efficiency and sustainability of utility services.”

Dicode’s Co-founder and CEO, Satish Chandran added, “We are thrilled to partner with InfraX and introduce our innovative PaaS model in the UAE for the first time. This collaboration offers gas distribution companies a unique opportunity to significantly reduce CAPEX and technology acquisition costs as they transition to smart infrastructure. Through this partnership, we aim to upgrade millions of meters across the UAE.”

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Source: ME Construction News


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October 10, 2024 foasummit0

Doka has introduced its new DokaXact Load & Pressure sensors in Saudi Arabia, which enables the real-time monitoring of concrete pouring processes.

Choosing the right concrete pouring speed depends on many external factors, such as the weather or the concrete mix. The real-time data from the new wireless DokaXact sensors ensure that concrete is poured as fast as possible while ensuring safety and the best possible concrete quality – even when using more climate friendly, CO2-reduced concrete mixes. DokaXact sensors are robust, waterproof, dustproof, and can be easily connected to the user’s smartphone via Bluetooth, the firm said in a statement.

“The integration of advanced technologies like BIM (Revit) and digital formwork solutions is reshaping the construction industry in Saudi Arabia (KSA). Our commitment to staying ahead of the curve is evident in our extensive efforts to educate and train our clients in KSA on these cutting-edge tools. The overwhelmingly positive response we’ve received underscores the growing demand for these solutions. Doka’s comprehensive suite of digital solutions, including DokaXact Load & Pressure sensors, reflects our dedication to leading the industry towards a more efficient and adaptable future,” commented Peter Fischer, Managing Director of Advanced Formwork Doka.

DokaXact Load offers a solution for monitoring formwork loads. The sensors are designed for straightforward installation on standard tie systems, thus providing reliable data on tie loads for the first time. No special tools or major installation work are required, the firm explained.

It added that the DokaXact pressure sensor is designed for monitoring fresh concrete pressure. Installation is quick and easy, because it can be mounted directly on the plywood and requiring only a 26mm hole. They can be used in the energy sector, in residential or commercial construction, and in projects with critical anchor loads or high, single-sided walls or pillars.

The data from both sensors can be visualised in real time in the DokaXact app directly on a smartphone. The user interface allows for simple and independent operation, while the DokaXact web portal also provides detailed information and transparent documentation on projects, the firm confirmed.

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Source: ME Construction News


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October 10, 2024 foasummit0

Developer The Luxe Developers has appointed China State Construction Engineering Corporation Middle East as its main contractor for the company’s Oceano development located on Al Marjan Island. The contractor will be responsible for main works construction, completion and maintenance of the project. All enabling works, including shoring, piling and excavation, have been completed by S.S. Lootah Foundations, the developer said.

Commenting on the appointment, Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers said, “China State Construction is firmly established, has a solid reputation, combined with a wealth of experience working on prestigious projects in the UAE, the wider Middle East region, and globally. Their expertise will be invaluable in delivering our vision of Oceano and ensuring it meets the criteria of our overseas and local ultra-high-net-worth clientele.”

“We are honoured to be appointed as the main contractor for The Luxe Developers’ Oceano project. This partnership reflects our commitment to delivering excellence and innovation in every endeavour. We look forward to leveraging our extensive experience and expertise to bring this visionary development to life, ensuring it meets the highest standards for our distinguished client “The Luxe Developers,” added Tian Sanchuan, President of China State Construction Engineering Corporation (Middle East).

Siddharta Banerji, Managing Director and Co-owner of The Luxe Developers remarked, “At The Luxe Developers, we are dedicated to building unique homes that create extraordinary living experiences that inspire and elevate. Every project we undertake underscores our commitment and dedication to craftsmanship and attention to detail while pushing the boundaries of design. Our vision is to redefine the standards of exclusivity and transform spaces into architectural landmarks that stand the test of time.”

Oceano, due for completion in 2026, comprises 206 units over 18 storeys and includes one-, two-, three-, and four-bedroom apartments, six penthouses, and the two sky villas. The development is located on a corner plot on Al Marjan Island and spreads across a built-up area (BUA) of 79,000sqm. It will feature an infinity pool with Arabian Sea views connecting the twin tower development, fitness facilities featuring gyms and yoga studios, and spa services, the developer confirmed.

The development also features a range of distinctive design attributes, such as free-flowing glass facades and minimalist frames. Each floor rotates on different planes, ensuring every resident enjoys an uninterrupted panoramic view of the Arabian Gulf, the statement concluded.

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Source: ME Construction News


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October 8, 2024 foasummit0

The landmark Paris Agreement entered into force on the fourth of November 2016 and outlined a number of goals with regards to combating climate change, and accelerating and intensifying actions and investments needed for a sustainable low carbon future.

Some of the key aspects of the agreement included strengthening the global response to climate change, with the goal of limiting global temperature increases to well below two degrees Celsius, while pursuing efforts to limit the increase to 1.5-degrees Celsius. To achieve this goal, parties agreed to reach global peaking of greenhouse gas emissions (GHGs) as soon as possible, with the understanding that peaking will take longer for developing countries, with the aim of achieving a balance between anthropogenic emissions by sources and removals by sinks of GHGs in the second half of the century.

Since the Paris Agreement came into effect, significant progress has been made in terms of decarbonising industries and economies around the globe, however there’s plenty more than needs to be done as the world continues to warm. In early January 2024, the National Aeronautics and Space Administration (NASA) issues a statement confirming 2023 was the warmest year on record.

Post Paris Red Flags

Its statement on 12 January noted: earth’s average surface temperature in 2023 was the warmest on record, according to an analysis by NASA. Global temperatures last year were around 1.2-degrees Celsius above the average for NASA’s baseline period (1951-1980), scientists from NASA’s Goddard Institute for Space Studies (GISS) in New York reported.

It added: in 2023, hundreds of millions of people around the world experienced extreme heat, and each month from June through December set a global record for the respective month. July 2023 was the hottest month ever recorded. Overall, Earth was about 1.4 degrees Celsius warmer in 2023 than the late 19th-century average, when modern record-keeping began.

“NASA and NOAA’s global temperature report confirms what billions of people around the world experienced last year; we are facing a climate crisis. From extreme heat, to wildfires, to rising sea levels, we can see our Earth is changing,” said NASA Administrator Bill Nelson.

“The exceptional warming that we’re experiencing is not something we’ve seen before in human history. It’s driven primarily by our fossil fuel emissions, and we’re seeing the impacts in heat waves, intense rainfall, and coastal flooding,” remarked Gavin Schmidt, Director of GISS.

More recently, on 6 June 2024, Copernicus – the European Union’s Earth Observation Programme – announced that May 2024 marks 12 months of record-breaking global temperatures. Its press statement highlighted: May 2024 was warmer globally than any previous May in the ERA5 reanalysis dataset, going back to 1940, and was the twelfth month in a row that was the warmest in the ERA5 record for the respective month of the year. While unusual, we nevertheless saw a similar streak of monthly global temperature records in 2015/2016. Last month was 1.52-degrees Celsius above the estimated May average for the 1850-1900 pre-industrial reference period.”

Extreme Weather Events

As the climate changes, industry experts including those from NASA warn that the frequency and intensity of extreme weather events are increasing, including heat extremes, wildfires, droughts, tropical cyclones, heavy precipitation, floods, high-tide flooding and marine heat waves. In the Middle East, and more specifically the UAE, on 16 April the country witnessed its heaviest rainfall on record, surpassing anything documented since the start of data collection in 1949 according to the National Centre of Meteorology. The downpour bought life to a standstill and caused significant damage to property and infrastructure.

In an interview with Khaleej Times, Dr. Diana Francis, Senior Research Scientist and Head of the Environmental and Geophysical Sciences (ENGEOS) Lab at Khalifa University said the UAE will experience more frequent extreme weather events in the future. She noted that due to global warming, the country will have increased rainfall in the spring, as well as hotter and longer summers.

She explained, “There has been indication in the recent reports of the International Panel on Climate Change (IPCC) that extreme weather events like heat waves or rainfall are going to be ‘more frequent’ and ‘more intense’ due to the increase in global temperature. This varies according to the region. It could be a heatwave in Asia for instance, or intense rainfall that we witnessed in the UAE.”

Taking all this information into account, it’s absolutely imperative that efforts be stepped up to prevent catastrophic climate change and the occurrence of extreme weather events. The built environment has a key role to play, as the sector is responsible for 37% of total carbon emissions globally, and involves several hard-to-abate sectors.

According to World Economic Forum and Boston Consulting Group, the green transition of the building value chain can unlock US $1.8tn in market opportunities globally, as well as significant social and environmental value. The WEF noted that to fully seize the opportunities presented by the green transition of the building sectors, stakeholders across the value chain should adopt a strategic and collaborative approach, especially around standard setting, flagship development, policy design and innovation.

One area of the sector that deserves significant focus is cement and concrete, which have a significant environmental footprint stemming from its manufacture and use in buildings and infrastructure. It’s estimated that 7.3bn cubic metres of concrete is used worldwide each year, and cement – the core material used to make concrete – is responsible for 9% of all CO2 emissions globally.

Tackling Concrete Emissions

Reducing the impact of this material on the environment is therefore crucial, and is the focus of a partnership that was announced in early July 2024 between Green Valley Biochar and Bton Group. The former company is a producer of biochar – a carbon sinking material traditionally used for soil enhancement – while the latter is a Germany-based technology-driven concrete company. The collaboration is said to represent a significant step towards sustainable construction in the GCC region.

The partnership between the two firms will see biochar being used in the production of concrete. The Bton Group is said to have developed technology that allows the use of biochar in concrete without any adverse effects. The firm said that the use of biochar actually enhances the durability of the concrete, and the resulting product is climate positive, achieving more than 100% CO2 savings.

Discussing the concrete industry and cement’s impact on the environment and the partnership with Bton Group, Tolga Soytekin, Co-Founder, Green Valley Biochar notes, “Concrete is used twice as much as any other construction material. Cement (the core ingredient within concrete) is responsible for 8% of global emissions and 90% of the emissions within concrete. As the global population is expected to rise to 10bn by 2060, there is a need to build at scale with a material that will not destroy the planet. This is why Green Valley Biochar and Bton Group’s partnership is so important. We can produce concrete which sinks more CO2 than is produced. In other words, the concrete produced as a result of our partnership is climate-positive.”

As per the terms of the memorandum of understanding (MOU) signed by the two firms, Green Valley Biochar will supply or manage pyrolysis plants for the production of biochar and secure the supply of biomass. The Bton Group will then utilise the biochar in concrete production. The partnership is expected to open a new market for Green Valley’s biochar and enable Bton Group to provide large-scale climate positive solutions to the region.

The partnership between the two firms is said to have been set in motion by an environmental solutions consultancy. Soytekin says, “Bton and Green Valley Biochar were introduced by Synova, an environmental solutions consultancy working closely with a major real estate developer in the UAE. Part of the developer’s mandate was for the use of locally sourced lightweight aggregates, hence the two companies were a perfect fit.”

Shedding light on some of the short- and long-term goals of the partnership, Soytekin states, “In the short term, we will immediately deliver solutions to clients fulfilling their needs for carbon-neutral concrete, thereby meeting their sustainability goals. In the long term, Green Valley and Bton will establish production facilities that include on-site pyrolysis plants for efficient manufacturing. Through ongoing discussions with developers, we expect there to be extremely large off-take demands, which will require establishing multiple production facilities.”

Soytekin says that in addition to the firm’s existing facility in Dubai, it will establish new facilities in Abu Dhabi and Saudi Arabia. “These locations have been selected due to the vast amount of construction required in the coming years. There is a strong emphasis on decarbonising construction and reducing reliance on existing resources. The partnership between Green Valley and Bton not only allows for the decarbonisation of concrete, it also utilises non-traditional resources, enabling a more resilient supply chain and reducing the impact of the fluctuating material markets,” he outlined.

Thomas Demmel, CEO of Bton Group is positive about the impact of the partnership and sees significant opportunities in the region. He comments, “The combination of Green Valley Biochar and Bton’s technologies enables the production of a previously unattainable product: biochar concrete. Traditionally, when using more than 2% of biochar within concrete, the absorbent properties of biochar would lead to poor mixability, pourability, and strength in concrete. However, Bton’s technologies overcome this major challenge, allowing the seamless incorporation of biochar into concrete products. This innovation drives the sustainable concrete market forward, enabling developers to create truly sustainable buildings and infrastructure.”

Real World Benefits

Highlighting the production process for the carbon positive concrete and its benefits, Demmel outlines, “Within Bton’s concrete production process, CO2-reduced cement (low-clinker) is used, enabling a reduction of CO2 by 70%. Bton’s technologies allow for these cement to be used while achieving the same strengths and curing times as when using highly emitting Portland cement (high-clinker). This means that the concrete contains 70% less CO2 with the same performance and cost as traditional concrete. Additionally, Bton’s lower hydration temperature eliminates the need for additional cooling methods such as cold water or ice, saving time, money, and labour, particularly in hot climates like the UAE, where temperature control is crucial to avoid cracking.”

“The addition of Green Valley’s biochar is the key enabler to producing concrete with neutral or even negative CO2 emissions. Biochar is a carbon sink, with 1kg of biochar equating to 3kg of CO2e (depending on the feedstock) which when added to concrete, greatly reduces its carbon footprint. As well as biochar allowing for carbon-neutral and carbon-negative concretes, the additional carbon embedded into the concrete can also enhance the durability and strength of the concrete, leading to a product with specifications even better than those produced through traditional production methods.”

He emphasises, “The resulting product is concrete that absorbs more emissions than it produces, offering the same strength and durability (if not better) as traditional concrete. It boasts a superior finish and can be produced in all existing strength classes and for all existing applications.”

Soytekin adds, “It’s important to consider the type of biochar used in the cement mixture as all types of biomass can be converted to biochar, however, certain biomass used as a feedstock during the pyrolysis phase produces a lower carbon product. Green Valley exclusively used hardwood waste and creates biochar with 80-to-90% recalcitrant carbon content, making it ideal for use in industrial applications for maximum impact.”

Demmel is also quick to point out that compared to alternative low carbon concretes, biochar concrete does not come with additional costs. “Unlike other CO2-reduced concretes, the concrete produced as a result of the partnership between Green Valley and Bton does not come with a green premium—a large increase in price due to its sustainable and CO2 reduction characteristics. Instead, it is priced competitively against traditional concrete. It also meets all required norms and specifications, performing exactly as traditional concrete. This allows construction and development companies to use it as a direct replacement for their existing concrete. The product has undergone rigorous testing in both Europe and the Middle East and is held to the highest standards, having been independently verified.”

He adds, “Additionally, Bton produces biochar concrete in lightweight concrete classes. Bton’s innovative process allows for the production of concrete that is 40% lighter than regular concrete while maintaining the same compressive strength. This results in a concrete that is extremely resistant to natural disasters such as earthquakes while being simultaneously climate-positive.”

Here, Demmel states that biochar concrete also offers a number of benefits with regards to its mix and recycling. “Bton’s biochar concrete can incorporate large amounts of recycled concrete and materials within its mix designs. The biochar concrete produced by Bton is also fully recyclable in the same way as traditional concrete, enabling a truly circular production process.”

He summarises, “The groundbreaking partnership between Green Valley and Bton is poised to revolutionise the sustainable construction industry in the Middle East. The innovative biochar concrete is not only climate-positive but also competitively priced, making it an instant game-changer for any construction project.”

“The partnership will benefit the whole construction industry and allow for highly sustainable – in fact, carbon negative/climate positive and price competitive concrete/precast concrete elements. This collaboration, which has been propelled by one of the largest real estate developers in the UAE, is a  landmark for technology-driven circular solutions in the GCC,” he concludes.

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Source: ME Construction News


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October 8, 2024 foasummit0

The use of Artificial Intelligence (AI) in the industry to improve product manufacturing began in the 1970s with the introduction of Computer-Assisted Design (CAD) and Computer Numerical Control (CNC), which aided in designing and refining products for better accuracy and optimisation. In the 1990s, AI expanded to capturing worker experiences and gathering data. Today, AI plays a crucial role in enhancing quality control, optimisation, robotics, predictive maintenance, and workplace health and safety.

The construction industry has historically been slower than other sectors in adopting modern methods of working. As a result, construction defects often lead to higher costs, management challenges, delays in project delivery, and issues related to quality, waste, and health and safety.

Recently, there have been strong calls for the construction industry to swiftly embrace digitisation to address these issues. Evidence suggests that implementing AI applications can significantly enhance the construction process. Beyond the potential economic boost of approximately two precent (US $1.6tn) to the global economy, digitisation supports global goals related to quality, sustainability, and well-being.

For instance, there is a strong push to adopt 3D Concrete Printing (3DCP) in building construction. The UAE has set a goal for 25% of its buildings to be 3D printed by 2030. This initiative highlights the advantages of 3DCP, including greater flexibility in architectural design, reduced material waste, and shorter project timelines. Additionally, 3DCP promotes a safer work environment and appeals to younger generations. It has also been shown to be more cost-effective, time-efficient, and environmentally friendly in reducing CO2 emissions compared to traditional construction methods.

Machine Learning (ML), a subset of AI, is also making significant contributions to the construction industry. It processes large datasets derived from real-case historical experiences to forecast potential issues such as project timelines and resource allocation. ML improves safety by predicting hazards before they arise and enhances quality control by detecting defects using sensors, thereby minimising the need for manual inspections.

Furthermore, building Information Modelling (BIM) is increasingly recognised as a powerful AI tool, providing a 3D virtual representation of a facility before physical construction begins. It allows subcontractors to contribute their input to identify and avoid potential faults, thereby reducing waste generation during construction. Additionally, BIM helps prevent project delays, potentially saving up to 20% of costs. Furthermore, BIM has become essential in Quantity Surveying (QS) for its ability to deliver fast and accurate cost estimates.

Digital twins are a significant application of AI in construction, representing a virtual replica of a physical asset. They enable real-time interaction with the physical property throughout the entire construction lifecycle. Digital twins enhance communication and coordination among project stakeholders, document project progress, and help in reducing costs and time. They also play a crucial role in verifying quality and ensuring worker safety. Given that the construction industry has the highest rate of worker injuries, AI offers promising solutions to address this issue. For instance, integrating computer-connected technologies on-site—such as drones, CCTV cameras, sensors, IoT-enabled wearables, two-way radios, and instant language translation tools can help identify unsafe conditions or behaviours that could lead to accidents.

While AI offers significant advantages to the construction sector, it is, as any new technique, challenging to take advantage of. Firstly, the traditional nature of the construction industry presents a barrier. AI is advancing rapidly, and there is a need to build trust among contractors by demonstrating the success of AI-implemented projects and illustrating its benefits.

Additionally, there are concerns about AI potentially displacing jobs. Due to automation, it is projected that 14% of global workers may need to transition to new professions by 2030. To address these concerns, it is crucial to focus on the social impact of AI and foster public trust in its transformation. Moreover, government strategies should allocate more resources to training and developing AI experts in construction to meet future demands.

Another significant concern is AI security against hackers and cybercrime, which incurs additional costs and demands continuous surveillance. In the construction industry, even minor AI errors can have substantial impacts on quality, costs, and planning. The most critical risk is that such mistakes can result in accidents and loss of life. Therefore, further research is urgently needed to prevent high-level attacks.

One more challenge is the high initial cost of AI solutions in construction. For instance, using 3DCP instead of traditional methods requires additional expenses in terms of construction materials, machinery, and maintenance, which can be unaffordable for small firms. However, as technology becomes more widespread, its costs are expected to decrease.

Another question is the ethics and privacy concerns of integrating AI in the workplace. For example, automated monitoring can negatively impact employees, leading to stress, anxiety, and a loss of trust in supervisors. Therefore, new policies and regulations must be implemented to protect sensitive personal information.

Despite the initial costs, implementing AI in construction is crucial for achieving global goals related to quality, sustainability, and well-being. However, extensive research is still needed to mitigate its drawbacks.

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Source: ME Construction News


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October 8, 2024 foasummit0

MAG Lifestyle Development has announced MAG 777, a US $95mn residential tower located in Dubai Sports City. The developer said the project is already 60% complete.

MAG 777 aims to offer lakefront living in the city, and is said to offer easy access to shopping malls, dining outlets, entertainment venues, medical facilities, and schools, making it a prime choice for both families and professionals. Additionally, the project is in proximity to sports facilities, such as stadiums and golf courses, for those seeking an active lifestyle, the statement from MAG said.

The 22-storey building will offer 261 fully fitted units, featuring studios, one-bedroom, and two-bedroom apartments designed to embody luxury and functionality, and will be ready for handover by the end of 2025, it added.

“In line with our commitment to creating exceptional living experiences, MAG 777 represents a new benchmark in luxury living at Dubai Sports City. This project promises a lifestyle that embodies elegance, comfort, and modernity. Every element, from the exquisite interiors to the world-class amenities, has been thoughtfully crafted to meet the aspirations of our discerning residents. We are excited to bring this unique vision to life and raise expectations for urban living in Dubai Sports City,” said Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development.

“By introducing MAG 777, we are enhancing our portfolio with distinguished real estate projects in Dubai and continuing the MAG tradition of pushing the boundaries of modern living with innovative designs and top-tier amenities,” added Al Gaddah.

MAG 777 offers a range of premium amenities across two dedicated floors. The 20th floor serves as health club featuring a large gym, yoga room, Pilates room, steam room, sauna, and a cold plunge room. Meanwhile, on the rooftop, residents will enjoy an infinity pool with lake views, a BBQ deck, and relaxation zones. Communal spaces, including a seating lounge area, ensure that residents have every opportunity to unwind in comfort. The development also includes ample parking, spread across the basement and ground floors to ensure easy access for all residents, the statement explained.

The launch of MAG 777 is said to continue MAG’s legacy of delivering premium developments across Dubai. MAG has a proven track record, having completed a wide range of projects, including MAG City in Mohammed Bin Rashid City, MAG 5 Boulevard in Dubai South, and other key developments across the emirate. These projects have redefined urban living by blending sophistication, wellness, and sustainability, showcasing the company’s commitment to creating communities that offer long-term value for both residents and investors, the statement concluded.

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Source: ME Construction News


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October 8, 2024 foasummit0

Developer London Gate and Franck Muller, a Swiss luxury watch manufacturer, have unveiled their second project – Franck Muller Vanguard Tower. Billed as a luxury development set in the Dubai Marina, the new project aims to offer a luxury lifestyle experience, and has a planned handover by September 2027.

Spanning 34 floors, the tower will feature 722 units, ranging from studios to three-bedroom apartments. Each residence offers designed space inspired by the sleek lines and innovative spirit of the Franck Muller Vanguard watch collection, with views of the Dubai Marina and interiors, said a statement.

“We are extremely proud to unveil our latest project with our strategic partner, where architectural opulence meets timeless luxury, we bring Franck Muller’s second branded residence to Dubai with the Franck Muller Vanguard Tower. With this partnership, we aim to reinstate the standards of sophistication and elegance, creating a living experience that reflects the brand values and vision of both London Gate and Franck Muller. An exclusive branded residential project, this will stand as a testament to our commitment to crafting unparalleled and never-seen spaces that resonate with our brand partner’s essence and prestige,” said Eman Taha, CEO of London Gate.

“With London Gate our commitment to both quality and delivery always remains our top priority with every project. Three of our projects, namely Nadine 1, Nadine 2 and Maya 5, are now completed ahead of schedule. Our iconic Franck Muller Aeternitas tower is rapidly moving towards completion with 30 floors already completed,” she adds.

Offering panoramic views of the Dubai Marina, it serves as both a dream home and a top-tier investment opportunity. The unique location attracts residents who appreciate luxury, exclusivity, and unparalleled access to Dubai’s bustling tourist and business districts. The Tower is designed for those seeking a lifestyle that is both refined and dynamic. With state-of-the-art amenities, the development offers modern fitness centers with cutting-edge equipment, luxurious swimming pools and serene lounges, full concierge services, secure parking with private access and immediate proximity to Dubai’s top attractions.

“After the record-breaking success of our first project together with Aeternitas Tower, we have set a benchmark for what branded residences can achieve in Dubai. This positions our partnership with London Gate as one of the most successful collaborations between a developer and a luxury brand in the region. In less than a year, this is our second major launch, and we’re absolutely thrilled and confident. to bring yet more elegance to the Dubai skyline with Franck Muller Vanguard Tower. This residential tower truly embodies the grandeur and elegance that are synonymous with our timepieces. We believe this project will resonate with our clientele and further strengthen our position in the market,” said Erol Baliyan, Managing Director, Franck Muller.

Built upon the innovative spirit that has propelled Franck Muller to the forefront of design, the Vanguard Tower represents a bold, new statement in residential architecture. Every aspect of the tower’s design is meticulously executed, combining modernity with enduring sophistication, the statement noted.

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Source: ME Construction News


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October 8, 2024 foasummit0

Real estate services provider Savills Middle East has announced the appointment of Toby Hall to lead commercial agency services. By strengthening its commercial agency service line, Savills is responding to the growing activity across the region, and particularly within the UAE, said a statement.

Dubai’s commercial market has witnessed large-scale leasing interest from corporate entities, many of whom are newly entering the market or expanding operations. The most recent office market update from Savills showed that on average, rental values for Grade A space across the city saw a year-on-year increase of 14% as of Q1 2024, with specific markets seeing a surge of 20% to 30%. Meanwhile, in the industrial sector, the increase in demand levels and pipeline of inquiries from the FMCG, third-party logistics providers, retail, and e-commerce sectors have led to rental increases across most micro-markets.

In his new role, Hall’s initial and primary remit is the UAE market, to build a business focusing on landlord leasing and office sales. His role will also involve advising Savills’ other regional teams which have established commercial agency service lines. He returns to the UAE after 2.5 years in London, where he was first a Senior Director in the Central London office team at JLL, and then a Partner at investment and office agency Kingly Partners. During his time at Kingly Partners, he helped set up their new office leasing team focusing on tenant representation, leasing and flex space.

Hall is a qualified MRICS surveyor and holds a BSc in Land Management and an MSc in Planning and Development from the University of Reading. In addition to the primary roles he held, he has been a Board Member and Chair of the CoreNet Global Middle East Chapter, which connects corporate real estate professionals within the region and around the world. He has also served on the board of the Middle East Council for Offices – MECO.

Speaking on his appointment, Hall noted, “The opportunities presented by this dynamic market is one of the key reasons for my return to the UAE. With the region’s rapidly evolving commercial landscape, I look forward to leveraging my experience in office leasing in the region and London to drive growth, build strong client relationships, and deliver innovative leasing strategies that align with the ambitious vision of the exciting Middle Eastern markets. Savills has cemented its position as an internationally renowned real estate company, and I look forward to working with some of the best minds in the business across Savills expansive global network. Together with the talented team at Savills, I am excited to create lasting value for our clients and partners.”

Steven Morgan, CEO at Savills Middle East commented, “We are thrilled to welcome Toby to the Savills business to further expand the commercial agency offering in the Middle East. Over the years across many markets, Toby has gained significant experience that is highly relevant to our business and markets. Led by the UAE, our region has showcased tremendous potential for commercial sector growth and Toby and the team are well positioned to tap into these opportunities and unlock value for our clients.”

The announcement from Savills Middle east follows the expansion activity of its UAE residential division, which began at the start of the year and which aims to see the addition of over 100 agents by year end.

The post Savills Middle East appoints Toby Hall as Head of Commercial Agency appeared first on Middle East Construction News.


Source: ME Construction News