Latest news with #UrbanMasterPlan2040
Jordan News
15-05-2025
- Business
- Jordan News
Decisions by the Aqaba Special Economic Zone Authority Board of Commissioners - Jordan News
The Board of Commissioners of the Aqaba Special Economic Zone Authority (ASEZA) has approved the modernization plan for the Prince Hamzah Pollution Control Center—operated by the Aqaba Company for Ports Management and Operation—for the years 2025–2027. اضافة اعلان This decision aims to strengthen ASEZA's efforts, in collaboration with its partners, to enhance marine protection programs, prevent maritime accidents, and ensure rapid response measures. It involves upgrading equipment, infrastructure, and systems at the center to improve its efficiency and readiness. Urban Master Plan 2040 Under the Urban Master Plan 2040, the Board approved the initiation of a study and design for the infrastructure network in the Northern Recreational Zone, assigning Aqaba Development Corporation to implement the project. The goal is to improve citizens' quality of life by creating an integrated recreational and sports environment that serves all age groups in a safe and engaging setting. Recreational and Sports Projects The Board also approved the leasing of land for establishing recreational and sports activities in the same zone. This project aims to host both local and international sports events, further solidifying Aqaba's role as a key hub for entertainment, tourism, and sports in the region. Cultural Empowerment A decision was made to register a cultural association within ASEZA to engage in economic activity and benefit from the investment incentives offered by the Authority. This supports ASEZA's vision to empower civil society institutions and encourage the organization of international cultural exhibitions and conferences, thereby promoting Jordanian cultural and artistic identity in alignment with the region's development goals. Tourism Promotion In support of tourism, the Board approved organizing a three-day entertainment event in Wadi Rum to attract approximately 1,000 international tourists. Additionally, ASEZA will support and sponsor the Ayla Aqaba Asian Triathlon Championship, which will host 120 Jordanian athletes and 150 participants from 25 Asian countries. It also approved sponsorship of the Wadi Rum Desert Night Marathon, expected to feature 70 runners. These initiatives are part of ASEZA's strategic vision to establish Aqaba as a global destination for sustainable recreational and sports tourism, attracting diverse tourist segments and enhancing the region's international profile. Entrepreneurship and Local Community Development In the area of youth empowerment and innovation, ASEZA will sponsor a specialized training program titled 'The Young Journalist' for students aged 12–16 in Aqaba. This initiative aims to foster media literacy and journalistic skills, encouraging creative thinking and responsible media engagement among young learners. All these decisions reflect ASEZA's commitment to sustainable development, tourism promotion, cultural enrichment, and community empowerment in Aqaba.
Arabian Business
30-04-2025
- Business
- Arabian Business
Dubai real estate: Luxury real estate sales passed $19bn in 2024 and this neighbourhood is emerging as an investor favourite
Luxury real estate sales in Dubai passed $19bn in 2024 and Meydan is emerging as a favourite destination for high-quality living and high-yield real estate investment, according to ZāZEN Properties. Backed by a surge in upscale developments, forward-thinking urban planning, and strong market performance, Meydan is drawing attention from discerning investors and homebuyers. Its growth aligns closely with the goals outlined in Dubai's Urban Master Plan 2040 and Dubai Economic Agenda D33, which prioritises connected, sustainable and community-focused development. Meydan in Dubai real estate investments Meydan offers a mix of residential, commercial and family-focused experiences, characterised by premium retail outlets, luxury hotels, fine-dining establishments, and expansive green spaces. Luxury real estate sales continue to soar, with properties priced above AED15m ($4.1m) reaching AED71bn ($19.3bn) in sales value in 2024, a remarkable 688 per cent increase since 2015. This trend is expected to persist as demand outpaces supply, with Meydan seeing a series of landmark developments reinforcing its potential. These include a AED947m ($258m) ultra-luxury villa project, a AED300m ($81.7m) residential project of 110 exclusive homes by an international developer, a AED100m ($27m) community featuring eco-friendly residences with smart home technology, and other bespoke villas and apartment buildings. Madhav Dhar, COO and Co-Founder of ZāZEN Properties, said: 'Meydan is emerging as an ideal micro market for high-end sustainable community living. Its combination of high-quality, luxury developments, strategic location, and focus on larger green community spaces aligns well with ZāZEN Properties' vision of delivering thoughtful, future-ready living experiences. 'Its accessibility from Downtown Dubai and Business Bay, coupled with proximity to Sheikh Zayed Road, Al Khail Road, and Dubai International Airport, makes Meydan an ideal choice for investors and residents alike.' With projected annual rental yields between 6 per cent and 8 per cent, Meydan offers returns that exceed averages seen in other prime locations across Dubai and globally.
Mid East Info
30-04-2025
- Business
- Mid East Info
Why Meydan is the Smart Investor's Choice in Dubai's Booming Property Market - Middle East Business News and Information
Meydan is emerging as Dubai's next luxury real estate hotspot, driven by a surge in upscale, sustainable developments aligned with the Urban Master Plan 2040. Luxury property sales above AED 15 million reached AED 71 billion in 2024, marking a 688% increase since 2015 and highlighting sustained investor demand. Projected rental yields of 6–8% in Meydan outperform similar upscale districts, reinforcing its appeal as a high-return investment destination. Dubai, UAE – 29 April 2025: ZāZEN Properties , a leading sustainable and award-winning real estate developer in the UAE , highlights Meydan as one of Dubai's most rapidly emerging destinations for high-quality living and high-yield real estate investment. Backed by a surge in upscale developments, forward-thinking urban planning, and strong market performance, Meydan is drawing attention from discerning investors and homebuyers. Its growth aligns closely with the goals outlined in Dubai's Urban Master Plan 2040 and Dubai Economic Agenda D33, which prioritises connected, sustainable and community-focused development. Already recognised as one of Dubai's most upscale localities, Meydan offers a mix of residential, commercial and family-focused experiences, characterised by premium retail outlets, luxury hotels, fine-dining establishments, and expansive green spaces. This strategy not only elevates residents' quality of life but also attracts environmentally conscious investors seeking a more natural environment with long-term value. Luxury real estate sales continue to soar, with properties priced above AED 15 million reaching AED 71 billion in sales value in 2024, a remarkable 688% increase since 2015 1 . This trend is expected to persist as demand outpaces supply, with Meydan seeing a series of landmark developments reinforcing its potential. These include an AED 947 million ultra-luxury villa project, an AED 300 million residential project of 110 exclusive homes by an international developer, an AED 100 million community featuring eco-friendly residences with smart home technology, and other bespoke villas and apartment buildings. Madhav Dhar, COO and Co-Founder of ZāZEN Properties, commented, 'Meydan is emerging as an ideal micro market for high-end sustainable community living. Its combination of high-quality, luxury developments, strategic location, and focus on larger green community spaces aligns well with ZāZEN Properties' vision of delivering thoughtful, future-ready living experiences.' He added, 'Its accessibility from Downtown Dubai and Business Bay, coupled with proximity to Sheikh Zayed Road, Al Khail Road, and Dubai International Airport, makes Meydan an ideal choice for investors and residents alike.' Residents of Meydan enjoy proximity to world-class amenities, including golf courses, cycling tracks, iconic Crystal Lagoon beaches, and the upcoming Meydan One Mall. This modern district is emerging as a forward-thinking urban centre—blending sustainable innovation with refined living. With projected annual rental yields between 6% and 8%, Meydan offers returns that exceed averages seen in other prime locations across Dubai 2 and globally. As the area continues to evolve, ZāZEN Properties remains committed to delivering high-quality, LEED-certified developments that support Dubai's visionary urban future and add value to how its residents live. -END- About ZāZEN Properties: ZāZEN Properties is reimagining community living in Dubai. With a focus on crafting modern residences that prioritize high quality & community focused living spaces. The sustainable real estate developer is dedicated to fostering vibrant communities where people from all walks of life can grow and thrive. The company's impressive portfolio showcases award-winning projects such as ZāZEN One in JVT and ZāZEN Gardens in Furjan, both of which have redefined standards in design and sustainability. Additionally, ZāZEN Gardens stands out as the UAE's first LEED Gold certified residential project and has won the Sustainable Real Estate Project of the Year award, at the NDTV Ultimate Reality Awards. ZāZEN One has set a benchmark in the Jumeirah Village area, winning multiple accolades, including the Sustainable Real Estate Project of the Year in 2022 and the Residential Real Estate Project of the Year 2022-2023 at the International Property Awards. Recently, the ZāZEN brand secured two wins at the Arabian Property Awards and Sustainable Development of the Year at the World Realty Congress Awards. Additionally, the ZāZEN brand was featured among the Top 10 Green Developers, the Top 25 Developers in the Middle East, and the Top 50 Developers in the GCC by Construction Week in 2023 and 2024. Looking ahead, projects like ZāZEN Ivy, set to rise beside ZāZEN Gardens and The Hub Residences, promise to uphold this legacy, seamlessly blending modern design, quality, sustainability, and affordability. Drawing on a wealth of experience and expertise, ZāZEN Properties is committed to delivering excellence across all aspects of its developments with a clear mission: to build high quality, community focused, sustainable residential developments in established communities of Dubai, and adding value to Dubai's residential landscape. For all media inquiries contact: Amjad Mkayed | Alain Selfani | Srishti Soni Ruder Finn Atteline Phone: +971 50 235 1814 | +971 52 300 2006 | +971 50 647 3920 E-mail: zazen@
ME Construction
04-03-2025
- Business
- ME Construction
EmiratesGBC signs MoU with Expo City Dubai
Sustainability EmiratesGBC signs MoU with Expo City Dubai By The partnership also aims to enhance stakeholder understanding and examine the transformative potential of Net Zero carbon materials The Emirates Green Building Council (EmiratesGBC) has partnered with Expo City Dubai to strengthen sustainability initiatives in the building industry, reinforcing the importance of decarbonising construction, while maintaining economic growth. The MoU was signed underlining the UAE's dedication to realise the ambitious target of global decarbonisation by 2050. As part of the MoU, EmiratesGBC and Expo City Dubai will set guidelines to help reduce carbon emissions – mainly embodied carbon – during the construction of real estate assets within the UAE. It also aims to enhance stakeholder understanding, examine the transformative potential of Net Zero carbon materials, and share insights into advancements, critical challenges and solutions shaping construction in the UAE. Khaled Bushnaq, Chairman of EmiratesGBC said, 'Strategic partnerships and collaborations are key to our ambitious target of achieving Net Zero carbon emissions. At EmiratesGBC we strongly believe in the power of advocacy to transform the world in our mission to build a resilient and sustainable built environment. Dubai Expo City's model for sustainable urban living and the pivotal role it plays in the Urban Master Plan 2040, makes it the perfect partner to align on our common mission of achieving net zero carbon emissions in the booming UAE construction industry. We look forward to aligning with them to draw the blueprint for how cities can be designed to provide a resilient and sustainable future for all.' Held at Expo City Dubai, the Cities in Action Forum 2025 was an annual meeting of city leaders and visionaries that offers opportunity to build new partnerships with the city's leadership and public and private sector decision-makers from across the Middle East, Africa, South Asia and beyond, addressing actionable solutions for sustainable urban development. EmiratesGBC hosted the Developers' Leaders' Forum where Abdullatif AlBitawi , CEO of EmiratesGBC, presented key insights from leading developers and sustainability experts to share the Forum's energy sustainability standards. The Forum was introduced by the Sustainability Criteria Panel moderated by Khaled Bushnaq. EmiratesGBC, alongside WorldGBC, also explored how the built environment can accelerate climate action through Resilience & Adaptation. The session discussed on the Zero Carbon & Climate Resilience Readiness Framework in MENA, marking a step toward tackling climate challenges and enhancing regional preparedness for a sustainable future. An insightful workshop on Women in Urban Planning- Designing for Diversity, a collaboration between Expo City Dubai Women's Pavilion and EmiratesGBC Women's Network, explored urban planning through a gender lens.
Web Release
03-03-2025
- Business
- Web Release
EmiratesGBC signs MoU with Expo City Dubai to accelerate sustainability in the building industry
Emirates Green Building Council (EmiratesGBC) has entered into a partnership with Expo City Dubai to strengthen sustainability initiatives in the building industry, reinforcing the importance of decarbonizing construction while maintaining economic growth. The MoU signed by Khaled Bushnaq, EmiratesGBC Chairman and Ahmad Al Khatib, Chief Development and Delivery Officer, Expo City Dubai, at the recent Cities in Action Forum 2025, underlines UAE's dedication to realise the ambitious target of global decarbonisation by 2050. As part of the MoU, EmiratesGBC and Expo City Dubai will collaborate to set the guidelines to help reduce carbon emissions, mainly embodied carbon, during the construction of real estate assets within the UAE. The partnership also aims to enhance stakeholder understanding, examine the transformative potential of net-zero carbon materials, and share valuable insights into cutting edge advancements, critical challenges and innovative solutions shaping net zero carbon construction in the UAE. Khaled Bushnaq, Chairman of EmiratesGBC, said; 'Strategic partnerships and collaborations are key to our ambitious target of achieving net zero carbon emissions. At Emirates Green Building Council we strongly believe in the power of advocacy to transform the world in our mission to build a resilient and sustainable built environment. Dubai Expo City's model for sustainable urban living and the pivotal role it plays in the Urban Master Plan 2040, makes it the perfect partner to align on our common mission of achieving net zero carbon emissions in the booming UAE construction industry. We look forward to aligning with them to draw the blueprint for how cities can be designed to provide a resilient and sustainable future for all.' Held at Expo City Dubai, the Cities in Action Forum 2025 was an annual meeting of city leaders and urban visionaries that offers a unique opportunity to build new partnerships with the city's leadership and public and private sector decision-makers from across the Middle East, Africa, South Asia and beyond. Attended by investors, innovators, industry leaders and experts shaping the future of urban living in the region, the Forum addressed actionable solutions for sustainable urban development. As part of their active participation at the Cities in Action Forum, EmiratesGBC hosted the Developers' Leaders' Forum where Abdullatif AlBitawi , CEO of EmiratesGBC, presented key insights from leading developers and sustainability experts to share the Forum's energy sustainability standards. The Forum was introduced by the Sustainability Criteria Panel moderated by Khaled Bushnaq, EmiratesGBC, alongside WorldGBC, also explored how the built environment can accelerate climate action through Resilience & Adaptation. The session led by EmiratesGBC CEO Abdullatif AlBitawi kickstarted discussions on the Zero Carbon & Climate Resilience Readiness Framework in MENA, marking a pivotal step toward tackling climate challenges and enhancing regional preparedness for a sustainable future. An insightful workshop on Women in Urban Planning: Designing for Diversity, a collaboration between Expo City Dubai Women's Pavilion and EmiratesGBC Women's Network, explored urban planning through a gender lens. EmiratesGBC, is a non-profit organization aimed at advancing sustainability in the built environment by strengthening and promoting green building practices. They are part of a global network of more than 75 Green Building Councils across 31 countries to join hands to find solutions to Reduce. Electrify. Adapt. for a sustainable built environment with the core belief that what we build today defines our tomorrow. The post EmiratesGBC signs MoU with Expo City Dubai to accelerate sustainability in the building industry appeared first on Web Release.
