Latest news with #KuwaitRealEstate
Zawya
5 days ago
- Business
- Zawya
Kuwait Real Estate, IFA sign agreement to develop Al Tay Hills Project
SHARJAH - Kuwait Real Estate Company, in collaboration with its subsidiary IFA Hotels and Resorts, has signed a contract with Darwish Engineering, one of the UAE's leading construction firms, to execute infrastructure works for the Al Tay Hills residential project in Sharjah, with a total value of AED198 million. The contract was signed through Qaryat Al Nakheel Real Estate, the project's executive arm and a subsidiary of Kuwait Real Estate. The agreement covers the design and execution of core infrastructure, including sewage networks, a wastewater treatment plant, two water pumping stations, and networks for roads, stormwater drainage, electricity, telecommunications and water. Khaled Esbaitah, Chairman of IFA Hotels and Resorts, said, "Our agreement with Darwish Engineering, a company with a strong track record in the construction sector, marks a significant milestone in our vision to develop integrated urban projects that elevate standards of quality and innovation in the real estate market." He added, "We are confident that this collaboration will bring a qualitative leap in the development of Al Tay Hills' infrastructure, enhancing its investment appeal and establishing it as a modern urban destination. We see this partnership as a pivotal step towards achieving our vision of building smart and sustainable residential communities." Bahaa Al-Nahwi, General Manager of Darwish Engineering, said the contract represents a strategic milestone that reinforces the company's commitment to delivering integrated engineering solutions that raise the bar for urban development in Sharjah. He confirmed that Darwish Engineering will deploy its full technical expertise and resources to deliver the project within the approved timeline and in line with the highest engineering standards. Al Tay Hills is one of the largest residential developments in Sharjah, spanning over 6 million square feet and comprising 1,100 residential units, including villas and townhouses. Strategically located on Emirates Road, it will feature the region's longest green river, extending 2.5 kilometres. The first phase is scheduled for delivery in the first quarter of 2028. Since its launch, the project has attracted strong interest from investors and buyers, underscoring its appeal as one of Sharjah's most prominent residential destinations. The demand for luxury units combining contemporary design with prime location highlights its market strength and potential to meet the needs of those seeking to invest in a forward-looking, integrated residential community.
Khaleej Times
5 days ago
- Business
- Khaleej Times
Kuwait Real Estate and IFA sign Dh198 million agreement with Darwish Engineering
Kuwait Real Estate Company, in collaboration with its subsidiary IFA Hotels and Resorts, has announced the signing of a contract with Darwish Engineering, one of the leading construction companies in the UAE, to develop the infrastructure works for its residential project 'Al Tay Hills' in Sharjah, with a total value of Dh198 million. The contract was signed through Qaryat Al Nakheel Real Estate, the executive arm of the project and a subsidiary of Kuwait Real Estate. The scope of work includes the design and implementation of core infrastructure, such as the construction of sewage networks, a wastewater treatment plant, two water pumping stations, in addition to road networks, stormwater drainage, and networks for electricity, telecommunications, and water. On this occasion, Khaled Esbaitah, Chairman of IFA Hotels and Resorts, stated: 'Our agreement with Darwish Engineering, a company with a strong track record in the construction sector, marks a significant milestone in our vision to develop integrated urban projects that elevate standards of quality and innovation in the real estate market.' He added: 'We are confident that this collaboration will bring a qualitative leap in the development of Al Tay Hills' infrastructure, enhancing its investment appeal and establishing it as a modern urban destination. We see this partnership as a pivotal step towards achieving our vision of building smart and sustainable residential communities.' Bahaa Al-Nahwi, General Manager of Darwish Engineering, emphasized that the contract to implement the infrastructure works for the 'Al Tay Hills' project represents a new strategic milestone that reflects their firm commitment to delivering integrated engineering solutions that elevate the standard of urban development projects in Sharjah. He noted that the company will mobilize all its expertise and technical resources to deliver this vital project according to the approved timeline and in alignment with the highest technical and engineering standards. Al Tay Hills is considered one of the largest residential projects in Sharjah, spanning over 6 million square feet and comprising 1,100 residential units, including villas and townhouses. It boasts a strategic location on Emirates Road and features the longest green river in the region, stretching 2.5 km. The first phase is expected to be delivered in Q1 2028. Since its launch, Al Tay Hills has recorded remarkable success, demonstrated by high investor and buyer interest, reflecting its prestigious position as one of the most prominent residential destinations in Sharjah. The increasing demand for luxury units that combine modern design with a prime location underscores the project's value. These results affirm the project's capability to meet the needs of customers seeking to invest in a comprehensive residential community offering a promising future vision.
Zawya
5 days ago
- Business
- Zawya
Kuwait Real Estate and IFA sign AED 198mln agreement with Darwish Engineering
Dubai – Kuwait Real Estate Company, in collaboration with its subsidiary IFA Hotels and Resorts, has announced the signing of a contract with Darwish Engineering, one of the leading construction companies in the UAE, to develop the infrastructure works for its residential project "Al Tay Hills" in the Emirate of Sharjah, with a total value of AED 198 million. The contract was signed through Qaryat Al Nakheel Real Estate, the executive arm of the project and a subsidiary of Kuwait Real Estate. The scope of work includes the design and implementation of core infrastructure, such as the construction of sewage networks, a wastewater treatment plant, two water pumping stations, in addition to road networks, stormwater drainage, and networks for electricity, telecommunications, and water. On this occasion, Khaled Esbaitah, Chairman of IFA Hotels and Resorts, stated: "Our agreement with Darwish Engineering, a company with a strong track record in the construction sector, marks a significant milestone in our vision to develop integrated urban projects that elevate standards of quality and innovation in the real estate market." He added: "We are confident that this collaboration will bring a qualitative leap in the development of Al Tay Hills' infrastructure, enhancing its investment appeal and establishing it as a modern urban destination. We see this partnership as a pivotal step towards achieving our vision of building smart and sustainable residential communities." From his side, Bahaa Al-Nahwi, General Manager of Darwish Engineering, emphasized that the contract to implement the infrastructure works for the "Al Tay Hills" project represents a new strategic milestone that reflects their firm commitment to delivering integrated engineering solutions that elevate the standard of urban development projects in Sharjah. He noted that the company will mobilize all its expertise and technical resources to deliver this vital project according to the approved timeline and in alignment with the highest technical and engineering standards. Al Tay Hills is considered one of the largest residential projects in Sharjah, spanning over 6 million square feet and comprising 1,100 residential units, including villas and townhouses. It boasts a strategic location on Emirates Road and features the longest green river in the region, stretching 2.5 km. The first phase is expected to be delivered in Q1 2028. Since its launch, Al Tay Hills has recorded remarkable success, demonstrated by high investor and buyer interest, reflecting its prestigious position as one of the most prominent residential destinations in Sharjah. The increasing demand for luxury units that combine modern design with a prime location underscores the project's value. These results affirm the project's capability to meet the needs of customers seeking to invest in a comprehensive residential community offering a promising future vision.
