REAL ESTATE

Preatoni Tower Rescued and Now Open For BusinessJanuary 7, 2019

Preatoni Real Estate has announced the completion of the Dubai Star project, four years after its initial developer abandoned the multi-million project following the 2009-2010 economic crisis that befell the region.

The 45-storey skyscraper, which is located at the upmarket JLT cluster L has now been renamed Preatoni Tower. It boasts some 554 units covering a total of 600,000 sq/ft of prime residential and commercial space.

After"...

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Arzan Wealth Advises on Third Lending Deal under the Real Estate Debt PlatformDecember 27, 2018

Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on a senior secured loan opportunity in the United States, as part of the recent strategy focusing on investments into debt structures. This third investment under the Real Estate Debt Platform has fixed monthly interest payments to investors during the holding period, and has been structured in a Sharia-compliant manner. There are also two amortization"...

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DAMAC Honours Long-Serving EmployeesDecember 24, 2018

To celebrate its growing family of over 2,000 employees, DAMAC Properties has recently launched the ‘DAMAC Long Service Awards’. The first edition of the awards ceremony, which was held last week at the Trump International Golf Course, recognised team members who have been instrumental in DAMAC’s success story.

“I am humbled to be part of this celebration in the honour of my colleagues, some of whom have been with us for over"...

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Pantheon Development breaks ground on Pantheon Elysee projectDecember 20, 2018

Pantheon Development on Wednesday - December 18, hit the ground to kick-start the construction of its affordable luxury project Pantheon Elysee in Jumeirah Village Circle (JVC), Dubai.

Pantheon Elysee, valuing AED180 million, will have 268 residential units and retail outlets. The project is expected to be delivered in Q4, 2020.

Mr Kalpesh Kinariwala, Founder and Chairman of"...

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Bentall Kennedy and GreenOak Real Estate Announce Merger to Form Bentall GreenOak, Global Real Estate Investment PlatformDecember 19, 2018

(AETOS Wire) -- Bentall Kennedy and GreenOak Real Estate (“GreenOak”) announced today the signing of an agreement to merge the two firms into a leading global real estate investment platform. The combined entity will be named Bentall GreenOak.

GreenOak Co-Founders, John Carrafiell and Sonny Kalsi, existing GreenOak senior management and GreenOak’s strategic partner Tetragon Financial Group Limited"...

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Razzaz inaugurates JD200 million highway connecting Jordan, Saudi ArabiaDecember 18, 2018

AMMAN — Prime Minister Omar Razzaz on Monday inaugurated King Salman Bin Abdulaziz Street linking Jordan to Saudi Arabia.

The JD200 million project was funded by the Saudi Fund for Development (SFD).

The inauguration ceremony was attended by Saudi Ambassador to Jordan Prince Khaled Bin Faisal Bin Turki, Minister of Public Works and Housing Falah Omoush and Deputy"...

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Ras Al Khaimah Marks New Year’s Eve with Amazing Fireworks and New Guinness World Record BidDecember 17, 2018

This New Year’s Eve, Ras Al Khaimah is the place to be as the Emirate readies to host the most spectacular celebration with a 12-minute fireworks display - the bid for a new Guinness World Record display - and an array of family-oriented activities.

Marjan, Ras Al Khaimah’s master-developer of freehold projects, will manage the show to mark 2019 with a glittering array of activities that will entertain all at its flagship development,"...

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