All posts by uaenews247

Real Estate

Nakheel awards AED 1.8 billion construction contract for Como Residences

Dubai, United Arab Emirates, 23 September 2024: Nakheel, a member of Dubai Holding Real Estate, has awarded an AED 1.8 billion contract for the construction of exclusive residential tower Como Residences on Palm Jumeirah to ALEC Engineering & Contracting LLC, renowned for its expertise in delivering high-value projects.

Scheduled for handover in Q2 2028, the 75-storey residences will stand over 300 metres tall and offer just 81 residences, ranging from two- to seven-bedroom apartments, including a spacious duplex penthouse. A maximum of two apartments occupy each floor, providing an exclusive lifestyle for residents, served by access-controlled elevators leading to private lobbies. This distinctive design means that each apartment enjoys a breathtaking 180-degree view of the sea and skyline, while apartments placed from level 23 and above have an extraordinary 360-degree panoramic view of Jumeirah Burj Al Arab to the east and Ain Dubai to the west, making Como Residences one of the most unique living experiences in Dubai.

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Business & Investments

RHEEM MIDDLE EAST ESTABLISHES REGIONAL HEADQUARTERS IN SAUDI ARABIA: A NEW ERA OF INNOVATION AND TALENT EMPOWERMENT

Rheem Middle East has marked a significant milestone with the opening of its new regional headquarters (RHQ) in Saudi Arabia, reinforcing its commitment to expanding its presence in the region.

Dubai, UAE, 23 September 2024: Rheem Middle East, a leading manufacturer of innovative and energy-efficient air conditioning and water heating solutions, has opened its new regional headquarters (RHQ) in Riyadh, Saudi Arabia. This move reinforces Rheem’s commitment to investing in one of its key markets, and is set to further accelerate its growth across the region.

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Real Estate

City Developers Real Estate Launches Its Second Project (Allura Residences) in Jumeirah Village Circle

Dubai, September 2024

City Developers, a global leader in real estate development for over a decade, has announced the launch of its second project, Allura Residences, which will stand as an architectural landmark.

In this regard, Mr. Othman Tariq, Director of the Sales Center at City Developers, expressed that Dubai has established itself as a prime global destination for real estate investment. “We will continue to develop more projects here. We are here to stay, God willing, due to the strong support from Dubai’s government for developers and other stakeholders, particularly customers who feel secure when dealing with and purchasing properties in the city.

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Business & Investments

Rorix Holdings and Adani Ports Sign Memorandum of Understanding to Revolutionize the Commodities Market Ecosystem

Rorix Holdings and Adani Ports Partner to Integrate Cutting-Edge Technologies into their Logistics and Trading Platforms.

Abu Dhabi, UAE, September 20, 2024 — Rorix Holdings (“Rorix”), the Abu Dhabi-based global trade facilitation and finance company, announces the signing of a Memorandum of Understanding (MOU) during the UAE-India Business Forum with Adani Ports and Special Economic Zone Limited (“Adani Ports”), India’s largest private multi-port operator. This strategic partnership aims to leverage the strengths of both organizations to integrate advanced technologies into their logistics and trading platforms and create synergies that will transform the commodities market ecosystem.

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