Latest news with #AED400
Dubai Eye
2 days ago
- Business
- Dubai Eye
Abu Dhabi outlines 2050 energy, water strategy
The Abu Dhabi Department of Energy (DoE) has announced its comprehensive strategic framework for the energy and water sector up to 2050, at the World Utilities Congress, hosted at ADNEC in the capital. The strategic framework is based on four main objectives: Ensuring secure and sustainable supply, achieving the highest levels of efficiency in supply and demand, supporting decarbonisation efforts through smart and economically efficient means, and maximising the economic value of energy and water resources. It also includes the implementation of key programmes such as digital transformation, expanding investments in artificial intelligence, enhancing international partnerships, developing national talents, and regulatory reforms aimed at encouraging private sector participation and attracting international investors. The plan aims to attract up to AED400 billion in foreign direct investment by 2050 and increase local content in key supply chains to 65 per cent, along with achieving 100 per cent Emiratisation of critical jobs in the sector. It's also strengthens economic growth opportunities by attracting capital and global technologies. This announcement comes in light of the rapid economic growth witnessed by the emirate, with its GDP surpassing the one trillion dirham mark, reinforcing its position as one of the fastest-growing economies globally. The energy and water sector has played a vital role in supporting this exceptional growth. Dr. Abdulla Humaid Al Jarwan, Chairman of the Abu Dhabi Department of Energy, said the "strategic framework represents a comprehensive roadmap for the future of the energy and water sector in the upon an ambitious vision aimed at transforming the sector into a global model of efficiency, innovation, and sustainability, in line with (the) leadership's aspirations to build a diversified, net-zero economy by 2050.' He added, 'We continue working to cement Abu Dhabi's position as a global hub for innovation in energy, powered by artificial intelligence and advanced digital solutions.' The Department of Energy reaffirmed its commitment to leading the development of policies, strategies, and regulatory systems for the sector, emphasised strengthening cooperation with local and international entities and empowering society to contribute to the journey toward a more prosperous and sustainable future.
ARN News Center
2 days ago
- Business
- ARN News Center
Abu Dhabi outlines 2050 energy, water strategy
The Abu Dhabi Department of Energy (DoE) has announced its comprehensive strategic framework for the energy and water sector up to 2050, at the World Utilities Congress, hosted at ADNEC in the capital. The strategic framework is based on four main objectives: Ensuring secure and sustainable supply, achieving the highest levels of efficiency in supply and demand, supporting decarbonisation efforts through smart and economically efficient means, and maximising the economic value of energy and water resources. It also includes the implementation of key programmes such as digital transformation, expanding investments in artificial intelligence, enhancing international partnerships, developing national talents, and regulatory reforms aimed at encouraging private sector participation and attracting international investors. The plan aims to attract up to AED400 billion in foreign direct investment by 2050 and increase local content in key supply chains to 65 per cent, along with achieving 100 per cent Emiratisation of critical jobs in the sector. It's also strengthens economic growth opportunities by attracting capital and global technologies. This announcement comes in light of the rapid economic growth witnessed by the emirate, with its GDP surpassing the one trillion dirham mark, reinforcing its position as one of the fastest-growing economies globally. The energy and water sector has played a vital role in supporting this exceptional growth. Dr. Abdulla Humaid Al Jarwan, Chairman of the Abu Dhabi Department of Energy, said the "strategic framework represents a comprehensive roadmap for the future of the energy and water sector in the upon an ambitious vision aimed at transforming the sector into a global model of efficiency, innovation, and sustainability, in line with (the) leadership's aspirations to build a diversified, net-zero economy by 2050.' He added, 'We continue working to cement Abu Dhabi's position as a global hub for innovation in energy, powered by artificial intelligence and advanced digital solutions.' The Department of Energy reaffirmed its commitment to leading the development of policies, strategies, and regulatory systems for the sector, emphasised strengthening cooperation with local and international entities and empowering society to contribute to the journey toward a more prosperous and sustainable future.
Trade Arabia
04-05-2025
- Business
- Trade Arabia
Clédor and Arthouse Hotel, NYC partner for RAK residences
Clédor, a real estate development management firm, and New York City's Arthouse Hotel have partnered to launch Al Marjan Arthouse residences on the Al Marjan Islands in Ras Al Khaimah, the companies have announced. The AED400 million ($109 million) project marks Arthouse Hotel's first residential venture outside the US. Clédor, with a development pipeline valued at over AED2.1 billion, said the branded residences align with its strategy to create high-yield, design-focused communities, targeting investor returns of over 150% and average unit prices exceeding AED 14 million. The signing ceremony took place in Dubai on Sunday, attended by representatives from Clédor, Arthouse, Marjan, and Prospect. These included Omar Gull, Founder and Chairman of Clédor, Karim El Aqabi, from Arthouse, Arch. Abdulla Al Abdouli, CEO, Marjan and Islam El Dafrawy, Co-founder, Prospect. Founder & Chairman of Clédor Omar Gull said: "Today's signing marks the beginning of a powerful collaboration rooted in excellence, heritage, and innovation. We are very excited to partner with Arthouse Hotel, NYC, to bring a legacy of refined and artistic living into the heart of the UAE's most dynamic communities – Al Marjan Island. With Arthouse, we're introducing a new style of luxury, one that brings a creative, cultural dimension to Ras Al Khaimah.' 'Al Marjan Island is already a powerhouse for leisure and entertainment, drawing visitors and investors from all over the world. Through this partnership with Arthouse, we hope to add a new layer to the island's story, a place where art and culture live side by side with lifestyle and hospitality. 'We are truly grateful to Arthouse NYC, and Marjan leadership and our strategic partner Prospect for believing in our vision. Together our partnership will continue to add to the UAE's every-growing and vibrant real estate landscape,' he added. The collaboration brings together Clédor's robust development expertise with the refined hospitality legacy of Arthouse NYC to introduce a new standard of living through branded residences on Al Marjan Island, Ras Al Khaimah and Meydan, Dubai. The residences will reflect the same elevated design, service, and lifestyle experience that have defined Arthouse's presence on New York's Upper West Side for over 100 years, according to Clédor. 'I am excited to announce this new chapter for Arthouse and we are honoured to partner with Clédor, who have a deep understanding of the UAE market and clientele,' said Karim El Aqabi, spokesperson of Arthouse. 'We trust in their experience to build something special and lasting. This is the first time Arthouse is stepping outside the United States of America and together we hope to build a timeless legacy. We chose the UAE, and especially Al Marjan Island, because of the robust growth of real estate, vision of the leadership, and ambition and forward-thinking outlook of the region. This is the beginning of more projects to come to this region from the Arthouse brand portfolio. We would like to express our gratitude to all our stakeholders for the trust and partnership.' Marjan's CEO Arch. Abdulla Al Abdouli said: 'The exquisite mix of fascinating nature and well-preserved history of Ras Al Khaimah has been attracting luxurious facilities and projects to the emirate, elevating our iconic island to one of the UAE's top destinations for tourism and growth, attracting the best of investments. 'It is with great pleasure that we welcome Arthouse Residences to Al Marjan Island. Their presence reflects our continued commitment to developing a world-class destination defined by architectural excellence, cultural enrichment, and exceptional quality of life. We look forward to the unique character and prestige Arthouse Residences will bring to our evolving landscape and growing community.' 'We are proud to partner with Clédor in bringing Arthouse NYC to the UAE — a bold and visionary undertaking that bridges global creativity with the region's dynamic real estate landscape. This collaboration reflects our shared belief in the power of a reputed global brand, investment prospects in Al Marjan Island and innovation in our industry that can shape extraordinary spaces and enduring value. Together, we are laying the foundation for yet another new benchmark in culturally inspired development that resonates with international sensibilities and local ambitions,' added Islam El Dafrawy, Co-founder, Prospect.
Arabian Business
02-05-2025
- Business
- Arabian Business
Dubai's Clédor partners with NYC's Arthouse Hotel for AED400mn branded residences in Ras Al Khaimah
Clédor, a Dubai-based premier real estate development management company, announced a partnership with Arthouse Hotel, NYC, to bring Manhattan's creative legacy to the Middle East. The Dubai company signed a partnership agreement with Arthouse Hotel, NYC, to launch the latter's branded residences in Al Marjan Island in Ras Al Khaimah. The project, christened as Al Marjan Arthouse, is estimated to be valued at AED400 million, and will be Arthouse Hotel's first residences outside of the USA, Clédor said in a media release. 'The [agreement] signing marks the beginning of a powerful collaboration rooted in excellence, heritage, and innovation,' said Omar Gull, Founder and Chairman of Clédor. 'We are very excited to partner with Arthouse Hotel, NYC, to bring a legacy of refined and artistic living into the heart of the UAE's most dynamic communities – Al Marjan Island. 'With Arthouse, we're introducing a new style of luxury, one that brings a creative, cultural dimension to Ras Al Khaimah,' he said. Gull said Al Marjan Island is already a powerhouse for leisure and entertainment, drawing visitors and investors from all over the world, and through the partnership with Arthouse, Clédor hopes to add a new layer to the island's story. Karim El Aqabi, spokesperson of Arthouse, said they are excited to announce this new chapter for Arthouse. 'This is the first time Arthouse is stepping outside the United States of America, and together we hope to build a timeless legacy. 'We chose the UAE, and especially Al Marjan Island, because of the robust growth of real estate, vision of the leadership, and ambition and forward-thinking outlook of the region,' he said. El Aqabi said this is the beginning of more projects to come to this region from the Arthouse brand portfolio. The collaboration brings together Clédor's robust development expertise with the refined hospitality legacy of Arthouse NYC to introduce a new standard of living through branded residences on Al Marjan Island, Ras Al Khaimah and Meydan, Dubai. A post shared by Rajat Verma (RV) (@rajat_aarvees) The residences will reflect the same elevated design, service, and lifestyle experience that have defined Arthouse's presence on New York's Upper West Side for over 100 years, Clédor said. Abdulla Al Abdouli, CEO, Marjan, said the exquisite mix of fascinating nature and well-preserved history of Ras Al Khaimah has been attracting luxurious facilities and projects to the emirate, elevating the iconic island to one of the UAE's top destinations for tourism and growth, attracting the best of investments. 'It is with great pleasure that we welcome Arthouse Residences to Al Marjan Island. Their presence reflects our continued commitment to developing a world-class destination defined by architectural excellence, cultural enrichment, and exceptional quality of life,' he said. This strategic alliance further solidifies Clédor's role in driving the UAE property market, the company said.
Zawya
18-04-2025
- Business
- Zawya
LMD launches 379-unit residential development in Dubai
LMD, a real estate developer with a diverse portfolio spanning the UAE, Egypt, Spain, and Greece, today (April 17) unveiled Taiyo Residences in Dubai during the International Property Show 2025. Built around the philosophy of light and space, the AED400 million ($109 million) residential development located at Wasl Gate is slated for handover in Q1 2028. Taiyo Residences features 379 well-designed units, including studios, one-, two- and three-bedroom apartments. The design impeccably blends both indoor and outdoor spaces, ensuring year-round comfort and convenience for residents, said the developer. A wide range of amenities is available to support every aspect of modern living, from fitness and wellness to recreation and relaxation. Residents can enjoy both indoor and outdoor gyms, a lap pool, a beach pool, and a kids' pool, a kids' area as well as an outdoor martial arts studio and a paddle court, it stated. According to LMD, the concept of 'Designed by Light' drives the architectural vision of the project, with every detail meticulously crafted to harness the power of natural illumination. Ascending with quiet confidence, Taiyo Residences' façade is an impressive display of thoroughly crafted elegance. Its subtle interplay of glass, steel, and earth tones hints at the bespoke world within, earning it the distinction of being a precursor to a curated lifestyle. Floor-to-ceiling windows reflect the changing hues of the sky, while spacious balconies in the distance extend an invitation to step out and soak in breathtaking panoramic views. This design approach fosters serene, tranquil living environments where light seamlessly integrates with space, enhancing the overall resident experience, it stated. On the launch, Managing Partner Hamad Al Abbar said: "Taiyo Residences goes beyond real estate. It's a lifestyle sculpted by light. We are thrilled to introduce a project that offers premium living spaces while fostering a sense of connection and community." "With its thoughtful design and integration of both outdoor and indoor amenities, Taiyo symbolizes our commitment to providing spaces that enhance both well-being and quality of life," he stated. For socializing and entertainment, the development offers a BBQ area, gaming lounge, table tennis, billiards, and a PlayStation zone. In addition, dedicated wellness spaces include co-working areas, a quiet zone, reading lounges, and a coffee bar, all designed to enhance the resident experience, said Al Abbar. Taiyo Residences offers excellent proximity to key destinations including Ibn Battuta Mall, Palm Jumeirah, Dubai Marina, and Mall of the Emirates, thus providing convenient access to shopping, entertainment, and leisure, he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
