Keeping pace with its continuously evolving development programme, Aristo Developers, one of the leading companies in property development and construction in Cyprus, expands its international sales network of branches and representative offices by establishing its new office in Cairo, the largest city of Egypt and a major commercial, financial and tourist district.
DAMAC Properties has awarded an AED512 million (USD 139.39 million) construction contract to China State Construction Engineering Corporation (CSCEC) to build tower C of AYKON City, DAMAC’s luxury mixed-use development on Sheikh Zayed Road.
CapitaLand’s wholly owned serviced residence business unit, Ascott, boosted its leading position in the Philippines by entering a strategic alliance with one of the country’s top real estate developers, Cebu Landmasters (CLI), to manage 1,600 units by 2022.
Although market conditions in Abu Dhabi remain relatively unchanged this quarter, the second quarter witnessed a major announcement by Sheikh Mohammed Bin Zayed, crown prince, Abu Dhabi, introducing an economic stimulus package for Abu Dhabi to drive economic growth, outlines JLL's latest report.
DAMAC Properties announced the handover of its DAMAC Heights tower which is also home to DAMAC Residenze with interiors by Fendi Casa.
Global real estate intelligence provider Lodging Econometrics’ (LE) global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, states the total pipeline stands at 12,714 projects/2,139,002 rooms, up seven percent by projects year-over-year (YOY).
While the first quarter of this year has recorded a slowing rate of capital value declines across the UAE, developers of Abu Dhabi’s high-end homes appear to be sensing a bottoming of the market and are pressing ahead with new schemes, according to Cluttons, an international real estate consultancy.
Murat Yilmaz has been taken on the role of vice president of business development of Deutsche Hospitality, the German luxury hotel company.
To meet the growing interest in Africa's hotel, retail and real estate sector, IDE Consulting Services is hosting this year's Hotelier Summit Africa (North) on October 04 – 06 in Morocco.