Latest news with #DubaiProjects
Arabian Business
3 days ago
- Business
- Arabian Business
air conditioning services
District cooling giant says will use the funds to expand capacity and district cooling infrastructure in Dubai projects
Zawya
14-05-2025
- Business
- Zawya
Hamdan bin Mohammed approves $544.5mln housing package
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, today visited Wadi Al Amardi housing project in Dubai. He was briefed on the progress of all ongoing housing projects and approved a housing package worth over AED2 billion for Emirati citizens in Dubai. During the tour, H.H. Sheikh Hamdan inspected the housing projects in Wadi Al-Amardi and reviewed plans for several new developments comprising more than 1,100 residential units for citizens. These projects are spread across four key areas including Wadi Al Amardi, Al Aweer, Hatta, and Oud Al Muteena, with a total investment exceeding AED2 billion. H.H. Sheikh Hamdan said the new housing projects will feature modern designs that meet the aspirations of Emirati families, with well-planned communities offering advanced infrastructure, quality services, and comprehensive public facilities. He also praised the Mohammed Bin Rashid Housing Establishment team for their efforts in delivering projects that support well-being and stability of citizens, emphasising that this remains a key government priority. During the visit, Sheikh Hamdan reviewed a model of the homes being built. These homes are designed to the highest architectural and engineering standards, offering a comfortable and sustainable living environment that addresses the needs of Emirati families, with a focus on privacy, quality, and the integration of essential infrastructure and services. A total of 1,163 housing units are currently under construction across several areas in the emirate, including: 432 units in Wadi Al-Amardi valued at AED767.9 million, 398 units in Al Aweer valued at AED734.1 million, 213 units in Hatta valued at AED508.5 million, and 120 units in Oud Al Muteena valued at AED113.8 million.
Zawya
13-05-2025
- Business
- Zawya
Vision Developments launches "REEM" and "SOUL" in Dubai
Masoud Al Zarooni: We are committed to supporting Dubai's urban renaissance with exceptional ownership plans Dubai, United Arab Emirates: Vision Developments, one of the leading UAE real estate developers, announced the launch of two new residential projects, "REEM" and "SOUL," in Dubai. The move is part of their strategic expansion plan into several promising areas in the emirate and provide housing solutions that meet the aspirations of various segments of society. The "REEM" project is located in Liwan area, near Dubai Silicon Oasis and Academic City, with strategic access to Dubai's most prominent educational and technology destinations. It consists of a residential building with a commercial ground floor spanning 8,100 square feet, a parking floor, eight typical floors, and a roof (G+P+8F+R), comprising a total of 198 spacious residential units. The "SOUL" project, located in Dubai Production City, offers a vibrant lifestyle that combines comfort and community connectivity, while being close to Dubai Sports City and Jumeirah Golf Estates. The project consists of a nine-story building and a roof (G+9F+R), comprising 176 residential units. The two projects offer a wide range of amenities, including an Infinity swimming pool, gym, yoga, cinema, indoor and outdoor children's play areas, gaming room, a dedicated children's pool, barbecue area, party hall, and office spaces. The two projects are expected to be handed over in Q4 2026, with construction works already started. 'These projects embody the company's vision of building distinct and accessible residential communities,' said Engineer Masoud Al Zarooni, Co-Founder and CEO of Vision Developments. He noted that the company aims not only to provide residential units, but also to create living communities harmonizing people's lives and reflect their aspirations. "These new projects add to Vision Developments success story of completing and delivering a number of projects in Liwan area within a short period of time, including: Vision 1, Vision 2, Karma, and Platinum' said AL Zarooni. The company is currently working on several other projects in distinct areas such as Liwan, Dubai Silicon Oasis, Jumeirah Garden City, and Dubai Production City, including: Pearls, Celine, Coral, DGM, and Vision 5 Tower. Some are scheduled for delivery by the end of this year, and others by the end of next year. The total area of these projects exceeds 2 million Sq. Ft. and includes 1,193 residential units, 487 of which have already been handed over. "Within the company, we are committed to implementing and delivering projects according to the highest standards of quality and punctuality, through our executive arm 'Vision Construction', which represents one of the main pillars of our success,' he added. 'We are also proud of our close partnership and cooperation with our founding partners, Walid Owais and Ismail Abdullah, who together form a leadership team with extensive experience, and a unified vision focused on innovation and excellence at every stage of development," the CEO said. Al Zarooni confirmed Vision Developments commitment to supporting the sustainable urban renaissance in the Emirate of Dubai and actively contributing to shaping the future of the emirate's real estate market, especially with the exceptional payment plans consisting of a 20% down payment and 80% upon completion. This contributes to increased demand through competitive prices that facilitate easy property ownership.
