Latest news with #AED1.57
Zawya
09-04-2025
- Business
- Zawya
Dutco lands $427mln Majid Al Futtaim ultra-luxury project deal
Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer in the region, today (April 8) announced Dutco Construction as the main contractor for the Serenity Mansions situated in the heart of its flagship lifestyle destination in Dubai - Tilal Al Ghaf. The awarding of the AED1.57 billion ($427 million) contract marks the start of construction for the highly anticipated, ultra-luxury neighborhood within the Tilal Al Ghaf development. The neighbourhood comprises 109 standalone mansions, embodying the epitome of unparalleled sophistication and refined living, harmoniously blending opulence and exclusivity to meet the tastes of the most discerning clientele, said the statement. Serenity Mansions' innovative residential design was conceptualised in partnership with multi-award-winning architectural firms SAOTA and Nabil Gholam, and features interiors by BLINK Design, recognized for its work on the world's most luxurious hotels. On the contract award, Majid Al Futtaim Properties CEO Ahmed El Shamy said: "Every detail of Serenity Mansions has been thoughtfully designed to redefine luxury living, raising the bar for sophistication and exclusivity." "The appointment of Dutco Construction underscores our commitment to delivering homes that exemplify exceptional craftsmanship and reflect the tastes and aspirations of our customers. With their impeccable reputation and expertise, we are confident this development will exceed expectations and fulfil this vision," he noted. As per the deal, Dutco will be responsible for the construction and completion of Serenity Mansions, including in-plot mansion construction, interior fit-out, in-plot and public realm landscaping, gatehouses, ancillary buildings and infrastructure work. With over five decades of experience, the company has successfully executed large-scale developments, including residential units, hospitality landmarks, airports, mosques, and other complex infrastructure works. Dutco Construction also boasts a well-established record for timely delivery and customer satisfaction, making it an ideal partner for Serenity Mansions. Dutco Group CEO Nelson Gibb said: "Partnering with Majid Al Futtaim on Serenity Mansions is an exciting opportunity to redefine excellence in luxury living." "We bring precision, attention to detail, and a commitment to quality to every aspect of this prestigious project. Our extensive experience in creating landmark developments will ensure Serenity Mansions sets new benchmarks for luxury and sophistication," he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
08-04-2025
- Business
- Trade Arabia
Dutco lands $427m Majid Al Futtaim ultra-luxury project deal
Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer in the region, today (April 8) announced Dutco Construction as the main contractor for the Serenity Mansions situated in the heart of its flagship lifestyle destination in Dubai - Tilal Al Ghaf. The awarding of the AED1.57 billion ($427 million) contract marks the start of construction for the highly anticipated, ultra-luxury neighborhood within the Tilal Al Ghaf development. The neighbourhood comprises 109 standalone mansions, embodying the epitome of unparalleled sophistication and refined living, harmoniously blending opulence and exclusivity to meet the tastes of the most discerning clientele, said the statement. Serenity Mansions' innovative residential design was conceptualised in partnership with multi-award-winning architectural firms SAOTA and Nabil Gholam, and features interiors by BLINK Design, recognized for its work on the world's most luxurious hotels. On the contract award, Majid Al Futtaim Properties CEO Ahmed El Shamy said: "Every detail of Serenity Mansions has been thoughtfully designed to redefine luxury living, raising the bar for sophistication and exclusivity." "The appointment of Dutco Construction underscores our commitment to delivering homes that exemplify exceptional craftsmanship and reflect the tastes and aspirations of our customers. With their impeccable reputation and expertise, we are confident this development will exceed expectations and fulfil this vision," he noted. As per the deal, Dutco will be responsible for the construction and completion of Serenity Mansions, including in-plot mansion construction, interior fit-out, in-plot and public realm landscaping, gatehouses, ancillary buildings and infrastructure work. With over five decades of experience, the company has successfully executed large-scale developments, including residential units, hospitality landmarks, airports, mosques, and other complex infrastructure works. Dutco Construction also boasts a well-established record for timely delivery and customer satisfaction, making it an ideal partner for Serenity Mansions. Dutco Group CEO Nelson Gibb said: "Partnering with Majid Al Futtaim on Serenity Mansions is an exciting opportunity to redefine excellence in luxury living." "We bring precision, attention to detail, and a commitment to quality to every aspect of this prestigious project. Our extensive experience in creating landmark developments will ensure Serenity Mansions sets new benchmarks for luxury and sophistication," he added. -TradeArabia News Service
Arabian Business
08-04-2025
- Business
- Arabian Business
Dubai real estate: Majid Al Futtaim appoints Dutco Construction for $427mn Serenity Mansions project
Majid Al Futtaim has appointed Dutco Construction to build its Serenity Mansions development, marking the commencement of construction on the ultra-luxury neighbourhood in Dubai's Tilal Al Ghaf community. The contract, valued at AED1.57 billion, covers the construction and completion of 109 standalone mansions, including interior fit-out, landscaping, gatehouses, ancillary buildings, and infrastructure. Dutco to build Serenity Mansions Dutco Construction brings over 50 years of experience in delivering major projects across the UAE, with a track record spanning residential units, hospitality landmarks, airports, mosques, and complex infrastructure developments. 'Every detail of Serenity Mansions has been thoughtfully designed to redefine luxury living, raising the bar for sophistication and exclusivity. The appointment of Dutco Construction underscores our commitment to delivering homes that exemplify exceptional craftsmanship and reflect the tastes and aspirations of our customers. With Dutco Construction's impeccable reputation and expertise, we are confident this development will exceed expectations and fulfil this vision,' Ahmed El Shamy, CEO of Majid Al Futtaim Properties said. The architectural design for Serenity Mansions was developed in collaboration with award-winning firms SAOTA and Nabil Gholam, while BLINK Design, known for its work on luxury hotels worldwide, handled the interiors. 'Partnering with Majid Al Futtaim on Serenity Mansions is an exciting opportunity to redefine excellence in luxury living. We bring precision, attention to detail, and a commitment to quality to every aspect of this prestigious project. Our extensive experience in creating landmark developments will ensure Serenity Mansions sets new benchmarks for luxury and sophistication,' Nelson Gibb, Dutco Group CEO added.
Zawya
11-02-2025
- Business
- Zawya
$427.4mln in Ajman real estate transactions during January 2025
The Department of Land and Real Estate Regulation in Ajman announced the registration of 1,321 real estate transactions during January, with a total value of AED1.57 billion, while the trading volume amounted to AED1.26 billion out of a total of 1,044 real estate transactions. According to statistics released by the department, the highest sales value was recorded in 'Al Zahia' area, with a value of AED50 million. Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, said that the statistics for January reflect the positive performance of the real estate market, which recorded a growth in the volume of real estate transactions by more than 20% compared to the same period in 2024, which confirms the quality of the real estate sector in Ajman and heralds a promising future in light of the available investment components and opportunities across the various regions of the emirate. He explained that last January witnessed 175 mortgage transactions with a total value of AED257.7 million, where the highest mortgage value was recorded at AED23.8 million in the 'Ajman Industrial 1' area, and 'Al Helio 2' neighborhood came at the top of the list of the most traded neighborhoods, followed by 'Al Yasmeen' and 'Al Zahia' respectively, while the 'Emirates City' project topped the list of the most traded main projects, ahead of both 'Ajman One' and 'City Towers' projects.
