Samana Developers has celebrated the official handover of its Samana Park Views project in the Arjan community. Launched in October 2021, the project marks an achievement in the company’s record for its timely delivery.

Imran Farooq, CEO of Samana Developers commented, “Delivering Samana Park Views on time reflects our commitment and dedication to quality and reliability. As we continue to grow and evolve, we are proud to have climbed from the 17th to the 7th position among the top off-plan property sellers in Dubai scooping market share of 4.6% in Dubai’s real estate market.”

With total investment of US $40.5mn, Samana Park Views comprises 176 apartments spread across 183,323sqft. The project offers a range of amenities, including leisure decks, separate swimming pools for adults and children, private pools with select apartments, a yoga zone, an open cinema, a juice bar, lush green areas, indoor and outdoor gyms, a health club with steam and sauna facilities, and 24-hour security.

“The recent surge in the property index, reaching a historic high of 202, is a clear indicator of the strong investor confidence in Dubai’s real estate market. We are excited to be part of this thriving industry and look forward to contributing to the continued growth and development of the city. Samana Developers is proud to align our vision with Dubai’s 2040 New Urban Masterplan and the Dubai Real Estate Strategy 2033,” Farooq added.

The post Samana Developers delivers Samana Park Views appeared first on Middle East Construction News.

Source: MEConstructionNews

Khalifa Economic Zones Abu Dhabi – KEZAD Group and Siemens have announced the signing of a framework agreement to explore opportunities, provide assessments and optimisation insights to KEZAD’s industrial clients.

Under the agreement, Siemens will conduct Industry 4.0 and Technology Transformation Index assessments for KEZAD clients, and provide actionable insights to enhance their digital and sustainable manufacturing readiness. Siemens will also host industry-specific workshops in collaboration with manufacturers in KEZAD to address sector-specific challenges and innovations, to drive targeted engagement and knowledge-sharing among industry peers.

The agreement is also about the establishment of standardised virtual factory tours to showcase leading manufacturers in KEZAD. To be designed to highlight each facility’s strengths and innovations, and targeted coverage across KEZAD Group and Siemens’ channels, these tours are aimed at increasing visibility, engage a broader audience, and position KEZAD as a benchmark for industrial innovation in the region.

Abdullah al Hameli, CEO Economic Cities & Free Zones, AD Ports Group said: “At KEZAD Group, we are committed to driving innovation and supporting our clients in their journey towards digital transformation and sustainability. Our partnership with Siemens marks a significant step in leveraging cutting-edge technologies and industry expertise to enhance the competitiveness of our manufacturing ecosystem. Through initiatives such as Industry 4.0 assessments, tailored workshops, and virtual factory tours, we aim to position KEZAD as a regional leader in industrial innovation and collaboration. Together, we are shaping the future of manufacturing in Abu Dhabi and beyond.”

Dr. Oliver Elbracht, Head of Siemens Advanta Middle East added, “At Siemens, we are thrilled to partner with KEZAD Group to advance Abu Dhabi’s vision on the future of manufacturing. This collaboration underscores our commitment to provide transformative solutions that drive innovation, sustainability, and global competitiveness.”

“Industrial Technology Transformation Index assessments will help KEZAD’s manufacturing ecosystem evaluate their technological readiness and chart a path for growth. Our Green Lean Digital Factory roadmaps will provide a clear framework to enhance energy efficiency and digitalisation. Together, we are not only enhancing operational excellence but also setting new benchmarks for industrial innovation and environmental responsibility,” he continued.

Under the agreement, Siemens will also arrange a virtual tour of their advanced Lighthouse Factory in Amberg to offer KEZAD Group’s stakeholders insights into cutting-edge manufacturing practices, inspiring operational excellence within its zones.

The post KEZAD Group and Siemens join forces to enhance Industry 4.0 readiness in Abu Dhabi appeared first on Middle East Construction News.

Source: MEConstructionNews

Arcapita Capital Company has reached an agreement with Flow Progressive Logistics (Flow) to develop a modern, Class A logistics complex in Riyadh. An end-to-end supply chain management company, Flow is a part of Saudi-based Alsulaiman Group.

The deal will see Arcapita develop an 80,000sqm mixed-use storage complex. The facility will feature various storage options, including cold storage, dry storage, temperature-controlled facilities, as well as specialised spaces for pharmaceutical and hazardous goods. Flow, which provides international shipping, customs clearance, warehousing, transportation, delivery, and reverse logistics, will operate the facility under a long-term lease agreement.

This collaboration will expand Arcapita’s logistics real estate portfolio in Saudi Arabia and support the government’s efforts to diversify its economy and improve market infrastructure, in line with Saudi Arabia’s Vision 2030. The Ministry of Transport and Logistics Services has been instrumental in driving growth in this sector, and its support continues to encourage private sector participation.

The industrial and logistics sectors are key components of the Kingdom’s Global Supply Chain Resilience Initiative, which aims to attract $10.6bn in investments.

Isa Al Khalifa, Director of Real Estate Investments at Arcapita said: “We are extremely pleased to expand our partnership with Flow through this new development. The Saudi Arabia industrial and logistics market continues to demonstrate positive supply-demand dynamics that are likely to support rental growth in the foreseeable future.”

“This partnership will contribute to meeting the growing demand for modern logistics facilities and services in Riyadh, where demand is outstripping supply particularly when it comes to higher-quality assets. Riyadh is positioning itself as a key logistics hub for both regional and international companies making it an attractive destination for investment capital.”

Arcapita Group currently manages over $1bn of industrial real estate assets in GCC, making it one of the largest real estate platforms in the region. The firm is expected to double its GCC logistics AUM to $2bn by 2025.

The post Deal signed for Riyadh logistics hub appeared first on Middle East Construction News.

Source: MEConstructionNews

Lacasa has announced its entry into real estate development through the launch of its new division, Lacasa Living. This marks a significant step for the company in delivering projects across residential, hospitality, and mixed-use developments, as well as interior designs services.

Lacasa Living’s boutique developments will focus on key markets in the UAE with upcoming projects in Dubai and Ras Al Khaimah (RAK) & Lusail in Qatar. Designed with the end user in mind, Lacasa Living will deliver a portfolio that ranges from architectural marvels of ultra-luxury, private villas from their Signature Collection to smart and modern bespoke residential apartments and holiday homes, said a statement.

“Our entry into real estate development is a natural evolution of our journey in the architectural and design industry. For years, we’ve collaborated with some of the region’s most prestigious developers, delivering iconic projects that bring a sense of purpose, creativity, and thoughtfulness that will continue to be at the heart of every project we build. Our extensive experience across multiple sectors has given us deep insights into what makes a development truly exceptional and a house a home. With Lacasa Living, our aim is to leverage this expertise to create signature properties that seamlessly blend intelligent design and well-thought out functionality that is not easily replicated. We are proud to evolve our  legacy to bring trend-setting developments that stand out with our signature designs, in some of the most coveted areas of the UAE,” said Emad Jaber, Chairman, Lacasa Living.

Lacasa Living has outlined an ambitious growth trajectory, with six projects already designed and ready for development. Each project will emphasise ready-to-move-in properties that combine bespoke design and boutique living in a functionality, community-centric environment. Lacasa Living has partnered with One Broker Group to prioritise sales interest of end users and investors for their upcoming launches of bespoke residential projects across the UAE.

“At Lacasa Living, we are channeling the same passion and precision that have defined our architectural achievements for years, into our real estate developments with a focus on creativity, craft, community and functionality. We approach every project with a holistic mindset, hand-picking strategic locations, rethinking traditional solutions and creating spaces that meet the unique demands of today. Therefore each design element is intentional and each aspect of the space serves a purpose that inspires connection, belonging, and beauty. We are here to carve a niche for ourselves where we curate homes that are as complete as the life lived within them,” added Ahmad Jaber, CEO, Lacasa Living.

Lacasa reestablished its capabilities with the handover of private villas in Dubai Hills. In January 2025, the division will unveil its residential developments with its first project of bespoke apartments coming up on Al Marjan Island in RAK.

The post Lacasa Group enters real estate development through Lacasa Living appeared first on Middle East Construction News.

Source: MEConstructionNews

The New Murabba Stadium in Riyadh is poised to play a central role in the FIFA World Cup 2034, as one of the event’s 15 key venues in Saudi Arabia. With a capacity of over 45,000 seats, the stadium is designed not only to have optimum capacity, but to deliver an outstanding experience for players and fans worldwide.

Drawing inspiration from the native Acacia tree, the stadium’s architecture blends traditional Saudi elements with modern design. This fusion is intended to symbolise the nation’s respect for its heritage while embracing a forward-looking vision.

In terms of timeline, the stadium is scheduled for completion by the end of 2032, being ready before the World Cup.

New Murabba CEO, Michael Dyke, said the developer was honoured to contribute to the 2034 World Cup through its 45,000-seat facility and looked forward to welcoming the world to the Kingdom.

“Equipped with cutting-edge technology, the New Murabba Stadium offers an immersive experience for attendees. The timeline ensures ample opportunity for test events and preparations, guaranteeing a world-class experience for all participants. While the World Cup is a focal point, the stadium is designed as a multi-purpose venue adaptable for various events, including gaming competitions, exhibitions, and cultural gatherings.”

“It will continue to serve as a vibrant community hub, solidifying Riyadh’s position as a global destination for sports and entertainment. New Murabba is dedicated to creating an innovative and sustainable destination that will enrich lives. Through projects like The New Murabba Stadium, the company contributes to the cultural and economic development of Riyadh and the Kingdom of Saudi Arabia,” the statement concluded.

The post New Murabba will be centre-stage at World Cup 2034 appeared first on Middle East Construction News.

Source: MEConstructionNews

JLL has been awarded program management consultancy services with AlUla Development Company. The appointment was formalised at a signing ceremony in AlUla’s office in Riyadh.

The agreement will see JLL provide project management, cost management, and strategic consulting services to oversee AlUla’s transformation into a global tourism destination. This includes real-estate strategy support, and strategic guidance in the delivery and execution of its portfolio of hospitality, residential, retail, commercial and infrastructure assets, from feasibility studies, project planning to construction and handover, said a statement.

Maroun Deeb, Head of Project and Development Services, KSA & Bahrain, JLL said, “We are honored to have been chosen to support the AlUla Development Company on such a significant project. This appointment reinforces our reputation as one of the leading project and program management consultancies in the region. By leveraging our expertise in large-scale projects, construction data insights, leading technology, and sustainable practices, we will ensure better client outcomes.”

Saud Alsulaimani, Country Head KSA, JLL added, “JLL has been at the forefront of AlUla’s transformation from the very beginning, being one of the first companies to work on this iconic destination. Our deep-rooted expertise in supporting the Kingdom’s vision of economic diversification and sustainable growth positions us uniquely for this appointment. We are committed to delivering exceptional value and impactful results as we continue to build upon our legacy in Saudi Arabia and drive forward AlUla’s ambitious development agenda.”

The new appointment builds on JLL’s experience in Saudi Arabia where the Project & Development Services team are delivering major projects and programs across the Kingdom with a capital value under management of US $30bn, offering integrated development management, project and program management, cost management, fit-out and workplace design, engineering design and sustainability, HSE, and digital solutions.

The post JLL secures program management contract with AlUla appeared first on Middle East Construction News.

Source: MEConstructionNews

Nakheel has announced the launch of the latest phase of Bay Grove Residences on Dubai Islands. The expansion not only elevates Nakheel’s portfolio but further reinforces Dubai Islands’ position catering to the growing demand for waterfront living in the country.

Bay Grove Residences comprises a selection of one, two, three-bedroom apartments and four-bedroom duplexes. Each residence overlooks a podium garden with pathways and shaded seating areas, while a raised ocean pool provides a sanctuary for relaxation. The project is located within Dubai Islands, ensuring easy access to the city’s attractions and international transport links via the Infinity Bridge, the statement said.

Bay Grove Residences is designed as a retreat from the urban hustle. Families and individuals can enjoy various family-friendly entertainment options, including children’s play areas, a clubhouse, a residents’ lounge and a fully equipped fitness-centre offering multipurpose training and yoga, it added.

Set against Dubai’s skyline, each residence at Bay Grove Residences will offer elegant interiors and private terraces. Living spaces are designed in a contemporary style with soft, soothing tones and warm, earthy wood grain accents, while floor-to-ceiling windows allow natural daylight. Finishes enhance the large bedrooms, most of which boast bathrooms and wardrobe space. Kitchens showcase engineered stone countertops and carefully crafted, lacquer cabinetry, blending style and functionality, the statement explained.

The development of Dubai Islands aligns with the Dubai 2040 Urban Master Plan, a roadmap for the city’s urban development with a key focus on sustainability while enabling economic growth. Dubai Islands comprises five islands with 17sqkm and 20km of beaches, offering beachfront living, luxurious resorts, and cultural hubs within 20 minutes of Downtown Dubai, Dubai International Airport and marine ports.

The post Nakheel launches latest phase of Bay Grove Residences on Dubai Island appeared first on Middle East Construction News.

Source: MEConstructionNews

Palm Jumeirah and Jumeirah Bay Island are the top choices for ultra-high-net-worth individuals (UHNWIs) in Dubai, accounting for a substantial 48% of all transactions valued at US $13.6mn or more during the first ten months of 2024, according to data from Metropolitan Premium Properties (MPP).

Other popular locations include Mohammed Bin Rashid City, Tilal Al Ghaf and Dubai Hills Estate. The overall real estate market in Dubai continues its strong showing this year, with the total market value for properties priced $13.6mn and above reaching $3,61bn as of October 2024. This growth is fueled by a combination of factors, including a growing number of UHNWIs moving to the city, increased investor confidence.

“The sustained growth of Dubai’s super-luxury real estate market is a testament to the city’s unwavering appeal as a global investment destination which is attracting investors from across the globe,” said Nikita Kuznetsov, CEO at Metropolitan Premium Properties.

“MPP witnessed a substantial increase in both the value and volume of transactions in the $13.5mn and above market segment. We saw our market share in terms of value and quantity increase by over 50% in the first ten months of the year from 2.3% to 3.5% and from 2.8% to 4.3% respectively,” added Kuznetsov.

Citizens from the United Kingdom led the acquisitions in the 50M+ category, followed by the USA, Canada, Germany and the UAE.

The post Palm Jumeirah and Jumeirah Bay Island remain top choices for UHNWIs appeared first on Middle East Construction News.

Source: MEConstructionNews

First APAC Fund VCC (Fund), a Singaporean investment fund, signed Memorandum of Understanding (MOU) to invest up to US $1.35bn in Dubai-based AMIS Development. The partnership is said to reflect the fund’s confidence in Dubai’s real estate market and AMIS Development’s reputation for high-value developments.

AMIS Development has multiple upcoming projects in areas of Dubai that have received high interest from its customers, investors and partners. The investment by First APAC Fund will be used by AMIS Development to further expand its growth, both locally and internationally by growing its land bank, project pipeline, global brand partnerships, project team and investments in technology. AMIS Development’s portfolio represents innovative design, amenities, and prime locations.

Neeraj Mishra, Founder and CEO of AMIS Development said: “We are proud to partner with First APAC Fund VCC, a globally respected fund with a proven track record. Their investment reaffirms our focus on luxury real-estate development and increases our ability to launch larger and more exciting projects for our customers. An investment from an international well renowned fund like First APAC Fund also confirms the international investors’ confidence in our mission to deliver truly exceptional quality of developments and to build well-integrated communities, while also providing high ROI to investors in our units or projects.”

Darrell Lim, Founder and Shareholder of the First APAC Fund VCC added: “This partnership reflects our commitment to identifying high-potential investment opportunities in key markets. Dubai’s burgeoning real estate sector and AMIS Development’s exceptional leadership team, management systems and track record make this collaboration an exciting prospect.”

The Fund along with PPA is currently in the process of completing its due diligence on AMIS Development. PPA has further appointed Greenback Capital Limited, a CAT 3C firm incorporated as a private company in the Dubai International Financial Centre (DIFC), as the Sub Investment Manager (GBCL) to provide sub-investment management services to the Fund Manager, in respect of the Sub-Fund. GBCL will aid in evaluating and structuring the Transaction on behalf of the Sub-Fund.

The post Singapore’s First APAC Fund to invest $1.35bn in Dubai’s AMIS Development appeared first on Middle East Construction News.

Source: MEConstructionNews

The Sustainable City – Yiti has reached a major milestone with the completion of 96% of its infrastructure works. The eco-friendly community designed to accommodate approximately 10,000 people is set to be fully operational in 2026.

The infrastructure for the central plaza is now fully completed, with construction reaching 31% for the plaza itself. Additionally, 33% of the construction work for the villas and the broader Sustainable District is now finalised. Meanwhile, construction of the school and nursery commenced in September 2024.

The next phase of development will focus on vital community components, including a 4-star hotel, and wellness centre, which have been awarded to contractors. Additional planned components encompass the autism village, equestrian club, sports complex, SEE Lab, bridges, public solar parking, and a biogas plant.

Developed by Diamond Developers, a subsidiary of SEE Holding, in collaboration with Oman Tourism Development Company (OMRAN), The Sustainable City – Yiti aims to set a new benchmark for eco-friendly developments in Oman and the region. Phase one which has completely sold out, and the sales performance of phase two reflect a growing appetite for sustainable living solutions. Notably, Omani nationals represented 55% of the buyers in phase one, underscoring the project’s strong appeal to the local community, said a statement.

Mahmoud Shehada, Chief Sales and Marketing Officer at The Sustainable City – Yiti said, “This milestone marks a significant step forward in our journey to redefine urban living in Oman and the region. The Sustainable City – Yiti embodies our vision of creating thriving sustainable communities that prioritize environmental responsibility, innovation, and quality of life, in line with the sustainability objectives of Oman Vision 2040. As we near the completion of infrastructure works, we are one step closer to delivering a community that meets the growing demand for sustainable living and serves as a blueprint for net zero urban developments across the globe.”

The Sustainable City – Yiti is to be Oman’s first Net Zero emission community by 2040. Spanning nearly one million sqm, the development is a model for low-carbon living, integrating technologies to enhance sustainability. Furthermore, The Sustainable City – Yiti is committed to 100% water recycling, 100% waste diversion from landfills, and achieving 80% self-sufficiency in food production.

The community is designed to reduce the per capita carbon footprint of its residents by an impressive 78% compared to conventional housing in Oman. This goal is achieved by addressing emissions across six core pillars of environmental sustainability: food, energy, water, products, mobility, and waste. The development incorporates eco-friendly materials in construction and interiors, while aiming to be powered entirely by renewable energy.

The post Yiti marks key milestone with infrastructure works nearing completion appeared first on Middle East Construction News.

Source: MEConstructionNews