The Diriyah Company said in a press release issued today that it has started the construction of a premium office development on Diriyah Square, further enhancing its diverse infrastructure offerings to the business community. The five low-rise office buildings, designed with sustainability in mind, will offer nearly 39,000 square meters of gross leasable area (GLA), and a total gross floor area (GFA) of almost 47,000 square meters, as well as approximately 1,000 parking spaces and a kindergarten. Reflecting the timeless principles of Najdi architecture, the facade of the buildings will embody Diriyah's 300-year heritage. The construction will accommodate around 4,000 individuals, offering plenty of natural light, outdoor areas, and flexible…
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PRYPCO Blocks, the Dubai-based real estate fractional ownership platform, has marked a historic milestone by successfully funding its first property located in Bellevue Towers, Downtown Dubai. The successful funding of Bellevue Towers, located in Downtown Dubai, underscores the remarkable confidence investors have placed in both the innovative concept of PRYPCO Blocks and the Dubai real estate market. A total of 209 investors from over 40 nationalities have so far invested in the property, with an average investment of AED 6,220. Founded by Amira Sajwani, PRYPCO Blocks has made Dubai’s lucrative real estate market accessible to all. The platform divides an entire property into small, equal fractions, called ‘Blocks’, to enable real estate investments…
In the last couple of decades, the United Arab Emirates (UAE) has emerged as a beacon of innovation, prosperity, and opportunity, drawing millions of people from around the globe. Renowned for its world-class attractions, vibrant lifestyle, robust economic benefits, and progressive governmental initiatives, the UAE stands as a shining example of modernity and growth in the Middle East and beyond. One of the key indicators of the UAE's thriving tourism sector is the staggering number of visitors it welcomes every year. From January-February, 2024 alone, the country played host to over 3.67 million visitors as per Dubai Government Tourism Department, a testament to its enduring appeal as a global travel hub. Against this backdrop of prosperity and promise, MetaHomes, one of the…
The giant Norwegian sovereign wealth fund reported first-quarter profits of 1.21 trillion kroner ($109.9 billion), supported by strong returns on its investments in technology stocks. The Global Government Pension Fund, the world's largest sovereign wealth fund, said it was worth 17.7 trillion crowns at the end of March. He described the relative return during the first three months of this year as good for equity and fixed income investments, but pointed out that this was compensated for by weak results in the real estate sector, which led to a negative result in general. The return on the fund’s investments in stocks, in the first quarter, was 9.1%, while the return on fixed income investments was negative 0.4%, and investments in unlisted…