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November 8, 2024 foasummit0

Ezdihar Real Estate Development has launched Ezdihar Park, an office and lifestyle project located on Prince Turki Al Awwal Road within the King Saud University district.

The state-of-the-art office park development is set to redefine Riyadh’s commercial landscape, offering much-needed office space amid a period of record-high demand driven by Riyadh’s flourishing business climate. Following the completion of the design phase, excavation work has now commenced, said a statement.

As Riyadh rises as a premier business hub in the Middle East, the demand for high-quality office spaces is soaring. Ezdihar Park is strategically designed to address this demand, offering over 100,000sqm of leasable office space complemented by 70,000sqm of landscaped surroundings across 23 architecturally distinct buildings, the statement noted.

“The launch of Ezdihar Park on Prince Turki Al Awwal Road strengthens our commitment to delivering world-class, commercial environments that elevate Riyadh’s standing as a global business hub. We’re confident that Ezdihar Park will meet the rising demand for premium office spaces designed to support sustainable operations, providing companies with a dynamic environment that enhances productivity, collaboration, and overall quality of life. The project not only represents an opportunity for growth, but also highlights its strategic importance in attracting international businesses and investors to Saudi Arabia. We look forward to seeing the positive impact on Riyadh’s economy and its expanding business landscape,” said AbdulMohsen bin Fawaz AlHokair, CEO of Ezdihar Real Estate Development.

With the Regional Headquarters Program drawing global companies to Riyadh, Ezdihar Park answers to the critical need for office space in a market that experiences rapid influx of businesses and investors, increased rental rates and a scarcity of available space. Ezdihar Park provides a variety of premium, customizable office configurations including single buildings, full floors, and multi-building cluster- to meet the needs of diverse business tenants, the statement added.

Positioned near major destinations such as U Walk and the King Abdullah Financial District (KAFD), Ezdihar Park is at the very centre of Riyadh, with easy access to primary transit routes and metro lines. The development is set to become a key commercial hub, attracting local and international businesses that seek proximity to Riyadh’s government and business districts, the statement noted.

Ezdihar Park’s design combines traditional Najdi and Salmani architectural with modern elements, creating an inspiring space with rooftop terraces, sky gardens, expansive lobbies, and high-tech amenities to serve both tenants and visitors. The project will also feature retail and F&B pavilions, including international restaurants, fitness centers, wellness spaces, green areas, and shaded walkways, ensuring a comprehensive lifestyle offering.

As a sustainable development, Ezdihar Park incorporates energy-efficient systems, solar panels, and locally sourced materials, reinforcing its commitment to environmental stewardship and positioning it as one of Riyadh’s greenest office developments. With over 3,000 underground parking spaces, EV charging stations, and racks for bikes and scooters, the park prioritises walkability, connectivity, and a low environmental impact, the statement concluded.

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Source: ME Construction News


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November 8, 2024 foasummit0

NMDC Dredging & Marine, part of NMDC Group is set to begin work on a project valued at more than US $300mn for the TA’ZIZ master development, the UAE’s chemicals and transition fuels ecosystem.

The firm will provide engineering, procurement, and construction support to develop a dedicated chemicals port. When the port is complete, it will facilitate the export of chemicals and transition fuels, ensuring operational connectivity to regional and global markets and enhancing access to imported supplies, said a statement.

Yasser Zaghloul, CEO of NMDC Group said, “NMDC Group is proud to be a strategic facilitator of this profoundly significant project, and we’re delighted that our capabilities will help to advance the UAE’s ‘pro-climate, pro-growth’ economic aspirations.”

Niels de Bruijn, CEO of NMDC Dredging & Marine noted, “Our marine, dredging and construction works at TA’ZIZ will enable the establishment of a dedicated chemicals port, ensuring the efficient transportation of goods and providing the necessary support and reach for key markets around the globe.”

NMDC Dredging & Marine’s contribution to the TA’ZIZ project follows a series of announcements in 2024 by the group. In September 2024. NMDC Energy has also joined a group of 15 listed entities, known as the FADXI15, forming a Shariah compliant index for global Islamic investors.

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Source: ME Construction News


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November 8, 2024 foasummit0

Al Sayyah Group has announced Butterfly Towers, a new residential development in Arjan, Dubai. The development comprises 434 residential units and will offer residents a high standard of living.

The units include 28 studios, 238 one-bedroom apartments, 152 two-bedroom apartments and 16 three-bedroom apartments, along with retail shops, designed for families, singles, and professionals, said a statement.

Demand for quality residential properties is on the rise, driven by population growth, an increasing expatriate presence, and a stable economic environment. Investors are actively seeking opportunities in developing areas like Arjan, where infrastructure improvements and community amenities are expected to elevate property value, the developer said.

With contemporary interiors, layouts, and balconies, the project promises a lifestyle of comfort and elegance. Residents of Butterfly Towers will benefit from convenient access to major landmarks like Dubai Miracle Garden and Dubai Hills Mall, along with connectivity to the city via key highways, including Sheikh Mohammed Bin Zayed Road, said a statement from the firm.

“Butterfly Towers is not just a residential development; it’s a transformative vision that blends luxury and sustainability, setting a new standard for urban living in Dubai. It embodies the notion that graceful ideas have the potential to grow and evolve into impactful outcomes for the entire community when thought-out strategically and developed with foresight. Butterfly Towers reflects Al Sayyah Group’s vision of creating communities that are both luxurious and sustainable, offering a seamless blend of modern amenities, eco-friendly features, and exceptional convenience,” said Marwan Al Sayyah, CEO of Al Sayyah Group.

The project takes its inspiration from the elegance and impactful nature of butterflies, merging contemporary architecture with lush green surroundings. Drawing on the ‘Butterfly Effect’, each deliberate design choice aims to create a luxurious living experience that resonates throughout the development. It offers a retreat within the city, where world-class amenities and stunning views unite to deliver a lifestyle of grace, comfort, and positive change, the statement explained.

As the construction of Butterfly Towers approaches completion, this development is anticipated to attract discerning buyers seeking a long-term investment and an exceptional lifestyle in one of Dubai’s most promising and thriving communities, the developer concluded.

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Source: ME Construction News


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November 7, 2024 foasummit0

Wasl Group has announced the integration of UAE PASS digital signatures, which was developed in collaboration between Dubai Digital Authority, TDRA, DGOV, and DGE, for new lease contracts, marking a step towards convenience, security, and efficiency in the rental process. This innovative feature allows users to sign lease contracts digitally using their UAE PASS, eliminating the need for their physical presence and streamlining the entire process, said a statement from Wasl Group.

Mohamed Al Bahar, Director of Business Development at Wasl said, “We are delighted to offer UAE PASS digital signatures to our customers, a feature that epitomises convenience, security, and efficiency. This initiative is part of our broader strategy to align with Dubai’s vision of becoming a smart city, promoting digital transformation across various sectors. We are committed to enhancing the rental experience through innovative solutions and exceptional service.”

With the integration of digital signatures, lease processing times are expected to reduce by 80%, leading to faster occupancy rates and improved overall customer satisfaction. The digital signature via UAE PASS ensures authenticated transactions. This added layer of security protects sensitive information and guarantees the integrity of lease agreements.

Statistics underscore the positive impact of digital transformation on Wasl’s operations. The UAE PASS digital signature feature is available on both Wasl’s website and app, ensuring accessibility across multiple platforms. In addition to digital signing, customers can benefit from a range of other digital services, including online payment options, contract delivery, and 24/7 customer support, further enhancing their rental experience, the statement concluded.

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Source: ME Construction News


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November 7, 2024 foasummit0

Deyaar Development has launched RIVAGE – its first residential project on the Al Reem Island in Abu Dhabi. The launch is said to mark a milestone in the partnership between Deyaar and Arady Properties. RIVAGE is said to be located minutes away from Zayed International Airport and close to universities, malls, schools, healthcare facilities, parks, beaches, restaurants, hotels, and prayer facilities.

The development offers a blend of luxury living, views, and amenities while integrating sustainability within its architectural design. Construction for RIVAGE is scheduled for completion in Q4 2027, said a statement.

RIVAGE offers a range of residential options, providing flexibility for both investors and families, featuring one-, two-, and three-bedroom luxury residences, opulent duplexes, bespoke Sky Villas and Sky Palaces.

Saeed Mohammed Al Qatami, CEO at Deyaar Development said, “In collaboration with Arady Properties, we are excited to present RIVAGE, our first residential project in Abu Dhabi, which truly reflects our commitment to creating exceptional living spaces. Situated on the picturesque Al Reem Island, RIVAGE offers more than just a new address—it’s a harmonious blend of vibrant city life and peaceful waterfront serenity, providing stunning views and top-notch amenities ideal for families seeking both excitement and tranquillity.”

“While contributing to Abu Dhabi’s economic growth and urban development, RIVAGE marks a proud moment for us at Deyaar as we continue to elevate the real estate landscape beyond Dubai and fulfill our promise to exceed the expectations of our valued customers and stakeholders—a core part of what Deyaar stands for,” Qatami added.

Khaled Al Fahim, Chairman of Arady Properties noted, “We are thrilled to see our collaboration come to fruition with the launch of RIVAGE, an iconic residential destination on Al Reem Island. Born from the strategic partnership between Arady and Deyaar, this project leverages our combined expertise in shaping the UAE’s skyline.”

“With two decades of experience in creating landmark developments, we are confident that RIVAGE will become one of the most sought-after luxury and lifestyle developments on the island. The combined blend of urban sophistication and the tranquil waterfront living, offers an unparalleled lifestyle experience to the residences and families,” Fahim added.

Khalifa Al Zaabi, CEO of Arady properties stated, “We are confident that this project will serve as a significant contribution in the growth being experienced on Al Reem Island. RIVAGE is distinguished by its creative essence, focusing on design and featuring refined aesthetic elements. It offers an exceptional living experience that seamlessly blends luxury and comfort. We are committed to continuing our collaboration with our esteemed partners to develop a selection of premier projects, while ensuring that we embed a spirit of innovation and sustainable development throughout the project.”

The development features a range of resort-style amenities, including a sky pool, spa, and fitness facilities such as aquafit yoga and aquafit spinning. Residents can also enjoy the lounge, mangrove terrace, mangrove spa, club and adventure cove. Additional facilities include landscaped gardens, aqua play areas, and the horizon lounge, said the statement.

With its stunning views, meticulously crafted interiors, and serene environment, RIVAGE is set to redefine luxury living in Abu Dhabi and set a new benchmark for residential developments in the UAE and beyond.  In addition, RIVAGE features smart homes that prioritise both luxury and sustainability. Select units boast automated lighting and air conditioning, energy-efficient appliances and eco-friendly materials for a comfortable and environmentally conscious living space, the statement concluded.

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Source: ME Construction News


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November 7, 2024 foasummit0

NMDC Group and Vingroup have signed a Memorandum of Understanding (MOU) to undertake large-scale coastal protection and land reclamation projects in Vietnam. The partnership reinforces both organisations’ commitment to sustainable development, with a focus on high-end real estate and critical coastal infrastructure.

NMDC Group and Vingroup will explore collaboration across a number of areas, in particular, large-scale projects focused on environmental sustainability. These will include projects for coastal land and for urban expansion, sustainable coastal protection for high-end real estate, and industrial land reclamation as well as offshore wind development projects, said a statement.

The NMDC Group will employ its advanced marine engineering solutions to ensure a positive and sustainable environmental impact and long-term coastal resilience.

Eng. Yasser Zaghloul, Group CEO of NMDC, commented, “Our partnership with Vingroup aligns perfectly with NMDC’s strategy to deliver sustainable marine infrastructure that supports both economic development and environmental protection. We are excited to bring our technical expertise to Vietnam’s coastline, creating long-term value for both communities and investors.”

Nguyen Nhat Quang, Vice Chairman and Chief Executive Officer of Vingroup added, “We are delighted to partner with NMDC Group, a highly reputable and capable partner in marine infrastructure development. This cooperation not only benefits Vingroup but also contributes significantly to sustainable projects in Vietnam, helping to strengthen infrastructure resilience in the face of climate change.”

The projects are expected to create thousands of jobs for local communities, fostering  economic growth in Vietnam’s coastal regions as well as bringing vast social benefits. The collaboration will support Vietnam’s vision to position itself as a destination for coastal tourism and attract significant investments in marine infrastructure.

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Source: ME Construction News


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November 6, 2024 foasummit0

Driven Properties has added Emaar Square Building 3 to its portfolio through a US $137mn acquisition. Spanning at 378,885sqft, the acquisition stands as the largest real estate deal in Downtown Dubai this year and highlights Driven Properties’ dedication to addressing the high demand for premium office spaces in the city’s most coveted area.

Premium office spaces in this prime location being highly limited, Driven Properties’ strategic acquisition ensures that companies can secure environments designed to foster growth, said a statement.

Abdullah Alajaji, Founder and CEO of Driven Properties said, “As Dubai continues to establish itself as a global business powerhouse, Driven Properties is committed to playing a key role in shaping the city’s commercial real estate landscape. Our investment demonstrates our unwavering commitment to excellence and our proactive approach to meeting market demands.”

“By expanding our portfolio with this landmark building, we’re not only enhancing our offering but also supporting the ambitions of businesses that make Dubai so dynamic. Moving our headquarters to Emaar Square 3 is a significant step for us—it places us right at the centre of the action, where innovation and opportunity thrive,” Alajaji stated.

Hadi Hamra, Managing Partner at Driven Properties added, “The purchase was made through a dedicated fund, ensuring a thoughtful expansion for Driven Properties. Relocating the company’s headquarters to Emaar Square 3 not only signifies growth but also reinforces Driven Properties’ reputation as a trusted and influential player in Dubai’s competitive real estate market.”

This acquisition is set to make an impact on Downtown Dubai’s commercial real estate scene by providing much-needed premium office spaces. Driven Properties is poised to attract leading businesses to the area, contributing to the continued vibrancy and economic growth of one of the world’s most exciting business hubs, the statement concluded.

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Source: ME Construction News


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November 6, 2024 foasummit0

NABNI Developments has unveiled its latest residential project in Al Furjan, Avenue Residence 7 by NABNI. Following the sales of Avenue Residence 1-6, Avenue Residence 7 is said to be NABNI’s first Emirati-inspired off-plan project in Dubai. Set to be completed in Q1 2027, this new addition to the Avenue Residences collection showcases a unique blend of Emirati heritage and modern design.

Featuring an Emirati-inspired facade influenced by Barjeel wind towers and the dhow boat, the building will house 166 luxury apartments, comprising 63 one-bedroom, 84 two-bedroom, and 19 three-bedroom units. Every apartment is designed with sophisticated living spaces and exquisite finishes, said the statement from the developer.

Kitchens are equipped with built-in appliances, and the units will showcase fittings of luxury and elegance. Residents will also enjoy a range of Emirati-inspired amenities, including two outdoor swimming pools, Majlis/residents lounge, jogging track, a equipped fitness studio, children’s play area, and a outdoor Ghaf garden.

“We are excited to announce the launch of Avenue Residence 7 by NABNI, our newest residential development in Al Furjan. This latest project aligns with NABNI Developments’ strategy to enhance our portfolio of high-quality, luxury residential offerings in prime locations. Our latest project meets the growing demand for family-friendly living spaces while expanding our market reach in Dubai. This project reflects our commitment to local culture, innovation, quality, and sustainability, solidifying NABNI’s position as a leader in the real estate sector,” said Khalid Alsuwaidi, Chief Commercial Officer of NABNI Developments.

The interior finishes and materials, such as travertine and natural stone, reflect the surrounding environment. The residential development will be constructed with a focus on environmental responsibility and energy efficiency, contributing towards a sustainable future. The building utilises sustainable stone materials that require minimal maintenance, reduce heat and offer high durability, resulting in long-term savings for residents, the statement explained.

Avenue Residence 7 by NABNI offers a prime location just minutes from the Discovery Gardens metro station in the vibrant Al Furjan community. This prime residential area provides excellent connectivity and easy access to Dubai’s main attractions, schools, retail outlets, mosques, multi-faith places of worship, and more, the statement concluded.

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Source: ME Construction News


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November 6, 2024 foasummit0

Sharjah Sustainable City (SSC) has joined forces with the University of Sharjah’s College of Fine Arts and Design (CFAD) to promote sustainable agriculture amongst students.

As part of this collaboration, SSC recently participated in the Sustainability Day celebrations hosted by CFAD under the theme ‘Beyond the 17 Sustainable Development Goals’. During the event, experts from the city conducted a special workshop titled ‘Plant Your Pot’, where 300 students, faculty and staff learned about creative sustainable agriculture practices. SSC is the first sustainable master-planned residential community developed by Sharjah Investment and Development Authority (Shurooq) in partnership with Diamond Developers, said a statement.

Carl Atallah, Director of Marketing & Communications at Sharjah Sustainable City said, “We are delighted to partner once again with the University of Sharjah’s College of Fine Arts and Design and share our knowledge with students. The workshop exemplified how collaborations can promote sustainability and generate interest among the younger generation while harnessing their creative potential. As the world faces several challenges posed by climate change, using creativity and art is one of the most effective means to promote sustainable agriculture and cultivate change among future generations. This aligns with our broader efforts to promote eco-friendly practices beyond our city and engage with a wider range of stakeholders, including youth.”

Nadia M. Alhasani, Dean at CFAD noted, “We were pleased to have Sharjah Sustainable City join us in celebrating Sustainability Day and promoting sustainable agriculture among our students. Their creative workshop aligned perfectly with our theme, ‘Beyond the 17 Sustainable Development Goals’, which aimed to raise awareness and push the boundaries of sustainability. We regularly engage our students with interactive learning and critical thinking activities, encouraging them to innovate. Our goal is for students to draw inspiration from diverse environments and apply their creativity not only to their projects but also to real-life challenges, including environmental issues and how they can use art to address them.”

Sharjah Sustainable City regularly organises workshops for its residents on a wide range of topics. The city has also formed collaborations with key entities to promote sustainable practices while cultivating an exceptional and sustainable community that embraces the United Nations Sustainable Development Goals and inspires a low-carbon future, the statement noted.

The workshop concluded with the distribution of sustainably made gifts among the students, reinforcing the importance of eco-friendly practices. This event builds on the recent collaboration between SSC and CFAD, where both organisations partnered to host a workshop on wood recycling for residents and students earlier this year. Through this the city continues to promote eco-friendly living and environmental awareness within its community and beyond, the statement concluded.

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Source: ME Construction News


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November 6, 2024 foasummit0

OCTA Properties has launched its new Branded Interior Design and BrandedMarComs vertical under the ‘House of Octa’ banner. This announcement follows their collaboration with Mouawad. The firm also unveiled its new headquarters located in Dubai Hills.

“As OCTA Properties continues to grow and evolve, our new 11,000sqft office will become an innovation and collaboration hub, propelling our mission to deliver world-class real estate projects and build strategic partnerships,” said Fawaz Sous, CEO of OCTA Properties.

The company said it has 4,600 units in its pipeline, more than 100 employees, and works with over 1,600 brokerage firms. It said the launch of House of Octa is designed to enhance their service offerings and reinforce their commitment to delivering exceptional branded residences and innovative solutions in the luxury real estate sector.

OCTA Properties has collaborated with Missoni, Hilton, Elie Saab, W, and Franck Muller in the region, offering developer management services with advanced leading solutions for real estate development, said a statement from the firm.

“This launch is intended to meet the soaring demand for branded residences that Dubai has witnessed in the past few years. Both verticals reflect OCTA Properties’ ambition to diversify its offerings and deliver cutting-edge design solutions forcommercial and residential spaces,” Sous added.

As a development management company, OCTA Properties will oversee 14 new branded projects in Dubai by June 2025, with a total value over US $2.45bn. These developments will set new standards in luxury living and further strengthen OCTA Properties position as leaders in brandedreal estate.

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Source: ME Construction News