Latest news with #ResidentialTower
Bloomberg
7 days ago
- Bloomberg
Dubai's Housing Boom Is Stoking Fears of Another Crash
If you think Alex Zagrebelny's latest project sounds like something out of a science fiction movie, you wouldn't be wrong. The Dubai-based developer is constructing Eywa, a 21-story residential tower designed to look like the Hallelujah Mountains from the Avatar movies. Other elements of the plan borrow from principles of Vastu Shastra, an architectural science with origins in ancient India: Embedded in the building's foundation is a 14-tonne pyramid fashioned from 1,450 crystals and semiprecious stones. When construction wraps up in 2026, bedrooms will be lined with materials that supposedly protect residents from electromagnetic fields.
IOL News
25-07-2025
- Business
- IOL News
Oceans Umhlanga North Tower launch signals R2. 7bn investment surge in KZN
Brian Mpono, CEO of Oceans Umhlanga Development said the Oceans Umhlanga development has brought global attention to the potential of the province. Image: Supplied KwaZulu-Natal is set to benefit from a R2.7 billion boost as the Oceans Umhlanga precinct officially launches its R1.4 billion North Residential Tower this Friday with an additional R1.3 billion leisure investment planned for the South Tower. The North Tower forms part of the larger R4.3 billion Oceans Umhlanga Mixed-Use Development, which already includes the Oceans Mall and the five-star Radisson Blu Hotel. 'This is not just a property launch; it's a celebration of how far Durban has come, and a reflection of the developers' tenacity and unwavering perseverance,' said Brian Mpono, CEO of Oceans Umhlanga Development. The North Tower comprises 258 high-end apartments ranging from studios to four-bedroom units, all with ocean-facing views. The building includes direct access to Oceans Mall, and features such as resort-style pools, concierge services, yoga zones, children's play areas, inverter readiness, and ducted air-conditioning. Mpono said the development was more than a luxury project. 'The Oceans Umhlanga development has brought global attention to the potential of this province. We're proud to now open the doors to a residential offering that reflects both international luxury standards and local ownership in a way South Africa has never seen before.' The project, which prioritises transformation, has employed a workforce where around 50% are young Black South Africans. A significant number are young Black women. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading In retail, 50% of Oceans Mall's space is Black-owned, with 12 of its 14 restaurants operated by Black entrepreneurs. Over 25,000 jobs have been created during construction, many filled by residents from nearby areas, including Inanda, Ntuzuma, KwaMashu, and Blackburn. 'We are witnessing lives change in real time,' said Mpono. 'Young people are securing jobs in flagship luxury boutiques. Women are running thriving restaurants. Fathers who once struggled to find stable employment are now part of reliable teams in logistics and security. These are not just numbers on a spreadsheet, they represent families with renewed hope, dignity, and a real opportunity to participate in the economy.' Mpono described the North Tower as a landmark in secure, long-term investment and confirmed that final economic impact figures would be shared during the launch. He added: 'The completion of the Oceans Umhlanga Residential Towers is a vote of confidence from the developers confidence in Durban, in our people, and in the kind of future we can build when world-class investment meets authentic transformation.' Friday's launch will feature formal addresses by developers Vivian Reddy and Rob Alexander, the Mayor, the Premier, and economic analysts. THE MERCURY
IOL News
24-07-2025
- Business
- IOL News
Oceans Umhlanga launches luxury residential tower valued at R1. 4 billion
Oceans Umhlanga is making waves in the local real estate market with the official launch of its high-end North Oceans Umhlanga Residential Tower, valued at R1.4 billion. The event, scheduled for tomorrow, marks a significant stride in the region's economic and social transformation, amplifying KwaZulu-Natal's ambitious revitalisation agenda. According to Brian Mpono, CEO of Oceans Umhlanga Development, the North Tower is an integral part of the larger R4.3 billion Oceans Umhlanga Mixed Use Development, which encompasses the internationally recognised Oceans Mall and the five star Radisson Blu Durban Umhlanga Hotel. 'The launch isn't just another property unveiling; it's a celebration of Durban's evolution,' expressed an excited Mpono. 'This project reflects a vision brought to life through the tenacity and perseverance of our developers, Vivian Reddy and Rob Alexander.' Mpono noted that the project had already drawn international attention to KwaZulu-Natal's potential. Its North Tower will introduce over 258 luxury apartments, ranging from studios to four bedroom units, all designed to boast breathtaking ocean views along Africa's East Coast. Each unit features premium finishes with direct access to the adjacent Oceans Mall, setting a new standard for luxury residential offerings in the region. Beyond the aesthetics and amenities, Mpono stressed that the real impact of the North Tower was rooted in its focus on transformation. About 50% of the workforce employed in the North Tower's construction comprised young Black South Africans, with a notable representation of young Black women. 'It is critical for us that our development reflects the diversity of our communities,' added Mpono, highlighting the inclusive nature of this ambitious project. Equally significant was the commercial aspect of the Oceans Umhlanga development. Currently, 50% of the retail space within Oceans Mall is owned by Black entrepreneurs, with 12 out of 14 restaurants run by Black owners. This commitment to inclusivity has already generated over 25,000 jobs during the construction phase, many of which had been filled by individuals from neighbouring communities like Inanda, Ntuzuma, KwaMashu, and Blackburn. 'These developments signify a paradigm shift for areas once considered remote from large-scale investments,' said Mpono. 'We are witnessing real change: young people thriving in flagship boutiques, women steering successful restaurants, and fathers securing stable employment in logistics and security. These statistics aren't mere numbers; they represent families with renewed hope and dignity.' Strategically situated on Lagoon Drive, the North Oceans Umhlanga Residential Tower aspires to be a landmark investment for the region, promising long-term value. Envisioned to integrate exclusive lifestyle amenities, residents will enjoy resort style pools, concierge services, yoga zones, children's play areas, and seamless access to the beachfront promenade. Final economic impact statistics, as well as glimpses into future investments, including an anticipated R1.3 billion leisure investment for the upcoming South Tower, are expected to be announced during the anticipated launch event. The event will draw civic leaders and government officials, including the Mayor and the Premier of KwaZulu-Natal. DAILY NEWS
Malay Mail
23-06-2025
- Business
- Malay Mail
Own Award-Winning Luxury Resort-Style Residences at Thailand's VEHHA Hua Hin with Limited-Time Discounts
Discover Luxury Resort-Style Living at VEHHA Hua Hin – Thailand's Tallest Residential Tower Offering Panoramic Ocean Views, Hotel-Style Services, and a Complete Living Lifestyle with Exclusive Access to VANA NAVA Water Jungle and Prime Coastal Connectivity VEHHA Hua Hin Thailand Strategically located in the Nong Kae area, VEHHA Hua Hin offers unparalleled convenience. It is just 700 meters from the beach, steps from the train station, and a short five-minute drive to Hua Hin's vibrant downtown. This prime location ensures a harmonious blend of accessibility and tranquility, making it an ideal choice for vacation homes, retirement residences, expatriates, digital nomads, and long-term investments. Hua Hin's appeal as a premium destination is further bolstered by significant infrastructure upgrades, including: Highway 35 (M35) Upgrade: Will cut Bangkok–Hua Hin drive time to 1 hour by late 2025. Dual-Track Railway: In use since 2023, cutting Hua Hin train time by 25%. High-Speed Rail: Will reduce Bangkok–Hua Hin travel to 1 hour once complete. Hua Hin Airport Expansion: Finishing in 2026, upgrading to international standards and boosting tourism. Thailand Riviera Project: 950 km coastal road across 12 provinces to enhance tourism and local economies. BANGKOK, THAILAND - Media OutReach Newswire - 23 June 2025 - Proud Real Estate Plc is delighted to present an exceptional opportunity to own a prestigious residence at, the tallest and most iconic residential tower in the coastal city of Hua Hin, Thailand. As part of a, selected units are now available, with starting prices from. Fully completed and ready for immediate occupancy, VEHHA Hua Hin represents a new standard of wellness-inspired living, combining cutting-edge design, unrivaled amenities, premium hospitality services partners and prime with thein the multifamily residential category, this award-winning development emphasizes health, well-being, and sustainability through innovative architecture and curated services. Offering panoramic ocean views from every residence, VEHHA Hua Hin is a rare blend of luxury and wellness, ideally positioned for discerning homeowners and investors seeking a future-focused property in one of Thailand's most sought-after destinations. VEHHA Hua Hin is a landmark development that redefines luxury living in Thailand. Standing 31 stories high, it is the tallest residential tower in Hua Hin, offering 364 fully furnished units across a variety of layouts, including 1-bedroom, 1-bedroom plus, and penthouse configurations. Each unit is designed with panoramic ocean views, privacy-enhancing Single Corridor layouts, and abundant natural light, ensuring a sophisticated living experience that harmonizes with the surrounding environment."Every element of VEHHA Hua Hin—from its design and amenities to its services and infrastructure—embodies Proud Real Estate's brand philosophy, which is 'ALL IS WELL,'" stated Ms. Proudputh Liptapanlop, Executive Director of Proud Real Estate Plc. "This is not just a statement but our sincere commitment to crafting a world-class residence that enhances every dimension of life."Beyond its architectural brilliance, VEHHA Hua Hin provides a seamless vacation lifestyle through a curated selection of a-la-carte hospitality services by the world-renowned Holiday Inn Resort VANA NAVA Hua Hin, including housekeeping, private catering, and room service etc. Residents also enjoy exclusive access to hotel-level amenities at privileged rates, enriching every aspect of the 'ALL IS WELL' living philosophy, as well as a complimentary three-year pass to the VANA NAVA Water Jungle, one of Thailand's premier water further enhance the living experience, Proud Real Estate has partnered with leading wellness and healthcare providers to offer personalized wellness programs, ensuring that residents enjoy a holistic lifestyle that nurtures physical, mental, and emotional Hin, a destination steeped in history and charm, has evolved into a world-class retreat for travelers and residents alike. Its stunning beaches, cultural landmarks, and tranquil atmosphere make it a preferred choice for those seeking a blend of relaxation and modern travel times from Bangkok ranging between 2 to 3.5 hours, Hua Hin has become increasingly accessible, attracting both Thai and international visitors. The town's compact geography and scarcity of prime real estate, particularly in beachfront and city-center locations, have driven demand for high-rise developments, making projects like VEHHA Hua Hin highly Hin's real estate market continues to demonstrate steady growth, with annual increases of 5 to 7 percent over the past five years. A report by Colliers Thailand highlights the strong momentum of high-rise developments in the region, particularly across Hua Hin, Cha-Am, and Pranburi, with 76 percent of launched units sold by the end of demographics reveal that 85 percent of units are sold to Thai nationals, with the remaining 15 percent purchased by foreign investors from countries such as Germany, the United States, the Netherlands, and Switzerland. At VEHHA Hua Hin, however, foreign buyers account for approximately 50% of current sales—significantly higher than the regional average—with most coming from the United States and European countries. This reflects strong international confidence in the project's design, quality, and alignment with global lifestyle expectations. Luxury rental yields in Hua Hin range between 4 to 6.5 percent annually, with VEHHA Hua Hin expected to deliver yields of 5.5 to 6 percent, making it an attractive option for investors seeking stable Proudputh envisions Hua Hin as a "destination of the future", uniquely positioned to attract international demand despite domestic economic challenges. "Hua Hin offers a unique lifestyle rooted in wellness, blending natural beauty, cultural charm, and modern conveniences," she scarcity of prime land in Hua Hin, particularly in central and beachfront locations, has made high-rise developments like VEHHA Hua Hin increasingly rare and sought-after. With its unrestricted ocean views, luxurious amenities, and award-winning design, VEHHA Hua Hin represents a transformative vision for the future of wellness living in more information and exclusive offers, visit: Hashtag: #ProudRealestate #AllisWell #RommConvent #LuxuryWellnessResidences #CondoSathorn #CondoHighRise #Condo #Bangkok #CBD The issuer is solely responsible for the content of this announcement. PROUD REAL ESTATE PUBLIC COMPANY LIMITED Proud Real Estate is Thailand's leading luxury wellness-focused property developer, renowned for creating holistic living environments that seamlessly integrate health optimization, sustainability, and timeless design. With a portfolio of internationally awarded projects, Proud Real Estate consistently delivers above-market investment returns while setting new benchmarks in luxury and resident well-being. The company gained global recognition for the development of one of only eight world-class branded residences under the InterContinental name—further solidifying Proud's reputation for excellence in luxury real estate.
