Ora Developers – which has established landmark projects in unique locations around the world including in Grenada, Egypt, Pakistan, and Cyprus – is set to launch construction works shortly on Silversands, its newest luxury lifestyle destination on Egypt’s sunny North Coast.
After the success of Paramount Hotel Dubai, Damac Group has announced the expansion of the hotel chain with the opening of Paramount Hotel Midtown in the first quarter.
Roshn, a leading Saudi real estate developer powered by the Public Investment Fund (PIF), has signed a partnership deal with Retal Urban Development for its new residential neighbourhood featuring 103 villas and townhouses within Phase One of Sedra, the company’s first living community project in Riyadh.
Select Group, a prominent privately-owned real estate developer, has launched its latest luxurious waterfront development, Peninsula Five, The Signature Collection, centrally located in Dubai’s Business Bay. Set to be completed in Q4 2024, Peninsula Five represents the launch of ‘The Signature Collection’.
Leading Sharjah developer Arada said it has purchased the last remaining beachfront land plot on the Crescent of the Palm Jumeirah, marking the fast-growing developer’s first project outside the northern emirate. Valued at AED240 million ($65.35 million), the plot has been bought from Nakheel, the masterdeveloper of Palm Jumeirah.
Bahrain-based GFH Financial Group has announced the spinning out of its infrastructure and real estate assets under the newly established company, Infracorp, capitalised with more than $1 billion in infrastructure and developed assets into the company.
Master developer Nakheel has kicked off the new year with the launch of Tilal Al Furjan, a new collection of 220 luxury four-and five-bedroom villas overlooking the Al Furjan master community in Duabi.
RAK Properties, a leading real estate developer and tourism infrastructure company in the UAE, has begun the handover of the residential units within the first phase of its waterfront community, Marbella Villas, on Hayat Island in Ras Al Khaimah. Hayat Island, a fully integrated mixed-use development, spans over a 6-million-sq-ft area.
UAE-based Al Ghurair Properties, the real estate development arm of Al Ghurair Investment, has announced a strategic partnership with global technology major Siemens for implementing its world-leading patented Siemens Demand Flow Solution technology along with digital services at its key development in Dubai.
