Imdaad-Misr, a regional subsidiary of the Dubai-based group of integrated Facilities Management (FM) companies, has entered into a new service agreement with Gates Developments, a top real estate developer in Egypt. The partnership aims to provide Gates Developments' ongoing projects in the New Administrative Capital and West Cairo with comprehensive facilities management services that meet the highest international standards. This agreement aligns with Gates Development’s strategy to engage leading operational companies and enhance the quality and performance of its future projects. The agreement was signed by Mr. Mahmood Rasheed, Chief Operating Officer of Imdaad, Eng. Osama Osman, General Manager of Imdaad Misr, and Mr. Hassan Nasr, CEO of Gates Developments, during a ceremony…

Dubai’s real estate development and management leader, Wasl announces the launch and development of One B Tower – a new luxury high-rise situated in a prime location overlooking the picturesque Dubai Water Canal in Business Bay. The sale of residential units is set to take place on the 28th and 29th of May.   Located strategically on Sheikh Zayed Road, One B Tower is due to be completed by Q2 2028. The project strikes a balance between luxurious modern living and nature’s beauty.   The 48-storey tower comprises one-, two-, three-, four- and five-bedroom apartments, as well as two-, three- and four-bedroom duplexes, and a penthouse.   Plans for the luxurious tower were initially revealed in March to His Highness Sheikh Mohammed bin Rashid Al Maktoum,…

Private luxury property developer Omniyat Thursday said it sold a penthouse for Dh139 million ($37.8 million) in Burj Khalifa district, making it the most expensive property in the area.   The four-bedroom penthouse at the newly opened The Lana Residences, Dorchester Collection, spans over 16,594 sqft, overlooking the Marasi Marina between the Burj Khalifa District and the Dubai Design District.   Dubai’s luxury and branded market has seen massive growth over the last three years, driven by high-net-worth individuals flocking to the city.   According to Knight Frank’s latest report, 56 properties with a value of over $25 million were sold in Dubai last year while 12 properties worth $25 million were sold in the first quarter of this year.   Dubai…

Dubai-based property brand Binghatti launches its latest project, One by Binghatti. The exclusive reveal will take place on 27th May 2024 at the Bvlgari Yacht Club in Jumeirah Beach.   The project’s design concept is inspired by the harmonious integration of diverse elements, culminated in a unified façade that captivates senses. The mega waterfront development is located in Dubai’s Business Bay district with seamless access to Down-town, offering boundless views of the world-famous Burj Khalifa and the Dubai Water Canal.   One by Binghatti manifests a unique metropolitan experience, located near Binghatti’s collection of ultra-premium branded residences, including Bugatti Residences by Binghatti, Mercedes Benz Places | Binghatti, and Burj Binghatti…

Eagle Hills announces the launch of its new project "Riga Waterfront," which aims to develop the waterfront on the Daugava River in Riga, the capital of Latvia. The project extends for five kilometers in a strategic location at the intersection of Riga's world heritage historic center, which is recognized by UNESCO, and the charming Art Nouveau district. It has been designed to match a modern lifestyle and contribute to transforming the city's living experience.   Riga is located on the shores of the Baltic Sea and is embraced by the majestic Daugava River. It is a city that UNESCO has designated as a World Heritage Site, undergoing a planned development that integrates the city's rich historical fabric with a new, comfortable modern lifestyle.   Mohamed Al Abbar, The…

Dubai master developer Emaar Properties has announced the launch of its latest project, The Heights Country Club & Wellness, a mega project being set up in Dubai at an investment of AED55 billion ($15 billion).     Unveiling the key development at a grand event held at the Armani Dubai Hotel ballroom yesterday (May 20), Emaar said it is strategically designed to foster an environment of health and well-being, perfectly aligning with Dubai's leadership’s vision to enhance the quality of life and promote well-being across the emirate.   In addition to its chic townhouses and semi-attached villas, the development features a thoughtfully designed wellness centre, parks, ponds, lush greenways, and an overall community-wide country club experience throughout the…

 Azizi Developments has announced that it has renewed its partnership with Abu Dhabi-based Light Concept for the fourth phase of its French Mediterranean-inspired waterfront community Riviera located in Mohammed Bin Rashid City.       A renowned lighting design consultant, Light Concept is known for its deep industry expertise and dedication to delivering outstanding illumination solutions.   Under this partnership, it will be responsible for the design of façade lighting within the mega project.   Specializing in a wide range of projects, including indoor, façade, landscape, street, and infrastructure lighting, as well as bespoke designs, the company is highly acclaimed for its innovation and creativity in illuminating spaces, it…

Damac Properties, a leading luxury real estate developer in the UAE, has announced the successful launch of Phase Two of Lagoon Views within the vibrant and strategically-located Damac Lagoons development.   Following a record sell-out of phase one, the latest release aims to cater to the growing demand for comfortable and modern living in a serene waterfront setting. Phase Two introduces 600 Mediterranean-inspired one and two-bedroom apartments spread across nine buildings nestled in Damac Lagoons. The interiors of these residences are designed with neutral colour schemes, enhancing the sense of understated luxury and creating a calming atmosphere. Large balconies extend the living spaces, allowing residents to enjoy a serene connection to the outdoors and breathtaking views of…

Dubai-based Prestige One Developments has announced the launch of its latest project - Waterway - strategically located in Mohammed Bin Rashid City, that will offer its residents an exclusive lifestyle with direct access to crystal lagoons and waterfront amenities. This launch will be followed by another of its key projects, Seaside, at the Dubai Islands. In proximity to the Dubai Islands Mall and a selection of fine restaurants, Seaside promises the experience of having its residents enjoy life between the city and the sea, stated the developer. This comes as part of the new wave of luxury developments worth over AED1 billion ($272.2 million) being unveiled by the developer. Building on the success of past ventures, the Dubai group remains steadfast in its commitment to bringing more…

Gulf Land Property Developers recently announced its collaboration with Tonino Lamborghini Group to develop an upscale residential community in the heart of Dubai. This distinctive development will bear the prestigious Tonino Lamborghini brand, synonymous with Italian quality and sophistication worldwide.       The new residential community introduces a fresh perspective to lifestyle living in Dubai and aims to leverage Tonino Lamborghini's 40-year design legacy with the renowned expertise of Gulf Land Property Developers, currently engaged in crafting unique luxury living projects—Paradise Hills and Serenity Lakes.       According to Savills, the global property market has seen a slowdown, particularly in the US and EU, due to rising interest…

DUBAI: Emaar Properties PJSC has released its financial results for the first quarter of 2024, showcasing consistent resilient performance and operational efficiency across its various businesses.   Emaar achieved its highest ever quarterly group property sales in Q1 2024, totalling AED13.5 billion (US$ 3.7 billion), reflecting a robust 47 percent growth compared to Q1 2023.   Emaar recorded revenues of AED6.7 billion (US$ 1.8 billion), and net profit before tax of AED4.3 billion (US$ 1.2 billion), which grew by 16 percent compared to the same period last year.   Supported by incremental property sales, Emaar's revenue backlog from property sales reached AED78.3 billion (US$ 21.3 billion) as of March 2024, growing by 9 percent from December 2023. This backlog…

Alpago Properties, the premier real estate developer renowned for crafting a series of exclusive properties on the illustrious Billionaires Row of Palm Jumeirah, has announced the launch of its latest masterpiece, Kural Vista.   Unveiling the project, Alpago Properties said this beachfront signature villa represents the zenith of luxury living, uniquely combining breathtaking design, exceptional functionality, and the epitome of luxury amenities.   Set on a plot of over 15,000 sq ft with a built-up area of 12,554 sq ft, the villa spans multiple levels with five en-suite bedrooms, each featuring private walk-in closets and terraces that offer stunning views of the crystal-clear Arabian Gulf and the glittering Dubai skyline.   Located on the prestigious Frond G of the…