Latest news with #commercialdevelopment
Zawya
4 days ago
- Business
- Zawya
Livingyards partners with Decipher Egypt to launch NOIR
Livingyards, a leading real estate developer in the Egyptian market, has announced a strategic partnership with Decipher Egypt, an expert in commercial space management and operations, to launch its flagship project, NOIR, in New Cairo. The project is set to become one of the most prominent commercial and administrative developments in the area. Under this partnership, Decipher Egypt will provide analytical consulting, strategic planning, and leasing recommendations for NOIR's commercial and administrative units. The company will also offer expert design solutions to ensure optimal space utilization and elevate the project's commercial appeal to global standards. As part of the collaboration, Decipher Egypt will implement an effective strategy to attract top-tier investors and leading retail brands, maximizing investment returns and enhancing the sales and market value of the project's units. With over 20 years of experience in commercial asset management and a solid record of accomplishment with major real estate developers across Egypt from Cairo and the North Coast to the Delta, Decipher Egypt, founded by Mr. Faisal Abdel Akher, offers a full suite of services including strategic leasing planning, and commercial asset design and management. This makes them an ideal partner to support the success and profitability of the NOIR project. NOIR is Livingyards' latest and most significant commercial and administrative development since its launch in 2018, with investments exceeding EGP 2 billion and projected revenues of over EGP 3 billion. The project is one of six distinctive developments currently in progress, and aims to redefine the concept of mixed-use communities in East Cairo by combining modern design, operational efficiency, and long-term investment revenue. Strategically located in the heart of Fifth Settlement at One-Ninety North, NOIR offers easy access from key roads and landmarks, including Cairo Festival City, Downtown Mall, and is just minutes away from both the Ring Road and the New Administrative Capital. Surrounded by prestigious universities such as AUC, CIC, GUC, and FUE, its location solidifies its status as the "heartbeat" of North 90th Street. Spanning a land area of approximately 3,137 square meters, NOIR features over 15,000 square meters of leasable space, comprising a ground floor dedicated to retail units and four upper floors for administrative offices. The project will host an exclusive selection of high-end retail outlets, gourmet restaurants and cafés, bank branches, pharmacies, and car showrooms, all surrounding a central plaza that offers full-view exposure for both shops and offices. The administrative units at NOIR will be delivered fully finished to latest global standards, with sizes ranging from 40 to 2000 square meters across four floors. Select units feature open terraces with direct views of the central plaza, providing ideal working environments for global brands and companies seeking high-performance office spaces. Adding to its appeal, NOIR includes a two-level underground parking facility accommodating up to 150 cars, an intelligent building management system, and an eco-friendly central cooling system designed to reduce energy consumption and operating costs. The project is also supported by a robust digital infrastructure provided by a leading global telecom provider, featuring Triple Play services and advanced building management software for smooth and sustainable operations. Construction at NOIR is progressing rapidly, with 80% of the structure completed, including all concrete work for the first four floors. Finishing works are currently underway, and unit handover is scheduled within' 18 months, by the end of 2026. Flexible payment plans are available, along with exclusive cash discounts. NOIR offers a unique identity, with its name inspired by refined French aesthetics and architectural elegance. The project was designed in collaboration with multidisciplinary design firms including YBA and SSE, delivering a seamless blend of strategic location, thoughtful architecture, and premium finishing. It is envisioned as a premier destination for companies and brands seeking to strengthen their presence and competitiveness in the long term. This partnership with Decipher Egypt aligns with Livingyards' ongoing mission to cement its position as one of Egypt's top real estate developers by delivering innovative residential and commercial projects that balance luxury with value. The company's total investment reached over EGP 32 billion and holds a huge land portfolio. In its commitment to flexible and high-return solutions for clients, Livingyards has also introduced a new sales and leasing approach tailored to meet the evolving needs of investors and entrepreneurs looking for sustainable and profitable opportunities. Eng. Ayman Marzouk, Chairman of Livingyards, stated: "The NOIR project reflects our strategy to develop innovative commercial destinations that merge modern design with operational integration. At Livingyards, we're creating commercial communities defined by identity and experience, and NOIR is the milestone of this vision, brought to life through our strategic partnership with Decipher Egypt." Mr. Mohab El-Tabie, CEO of Livingyards, added: "NOIR marks the beginning of a new chapter in our commercial developments. We aim to set a new benchmark for mixed-use projects in New Cairo especially through our collaboration with seasoned partners like Decipher Egypt. This is the first of many planned collaborations that will enhance the value of our commercial communities." Mr. Faisal Abdel Akher, Founder and CEO of Decipher Egypt, commented: "We are proud to partner with Livingyards on the NOIR project. We are committed to supporting their vision of delivering commercial spaces that offer a distinctive identity and a complete experience. Through the attraction of premium brands and innovative office designs, we aim to create exceptional visitor experiences and elevate NOIR into a top-tier commercial destination in East Cairo." This strategic collaboration between Livingyards and Decipher Egypt represents a shared commitment to delivering tangible value to NOIR's clients offering a comprehensive commercial experience that blends expert space management with carefully selected retail brands to meet the needs of today's refined consumers and entrepreneurs as well as enhancing the project's position as a leading marketing and business destination.
Khaleej Times
23-05-2025
- Business
- Khaleej Times
ENARA by OMNIYAT responds to market demand: A new era of commercial prestige begins
OMNIYAT, the leading developer of Dubai's ultra-luxury real estate market, has announced that its prestigious commercial development, ENARA by OMNIYAT, is now almost fully sold-out since its official launch in 2025. Located in Marasi Bay, at the Burj Khalifa District, ENARA was conceptualised to redefine the corporate environment with world-class amenities, sustainable design, and an exclusive lifestyle experience. Mahdi Amjad, founder and executive chairman of OMNIYAT, said: "OMNIYAT has a legacy of creating architectural masterpieces that elevate living and working environments. ENARA by OMNIYAT embodies our philosophy of 'The Art of Elevation,' blending creativity, quality, and exclusivity. Inspired by the Arabic word for 'enlightenment' or 'light,' ENARA is designed to illuminate ambition, inspire innovation, and shape the future of corporate leadership." This commercial masterpiece in Marasi Bay's waterfront, adjacent to the city's business and financial district, merges luxury with functionality to cater to the global business elite. The project reflects Dubai's rising demand for premium office spaces, with Grade A office rents climbing 12% in 2024 and super-luxury office towers maintaining over 95% occupancy. ENARA by OMNIYAT arrives amid a growing shortage of Grade A office spaces in Dubai thanks to sustained demand from global corporations, UHNWIs, and family offices. OMNIYAT's latest development is poised to address this market gap, building on the success of recent ultra-luxury launches, with only two of thirty-four units still available in the project. ENARA marks the first milestone in OMNIYAT's ambitious strategy to redefine the ultraluxury commercial landscape, with another landmark project inthe heart of Downtown Dubai on the horizon. A new vision for commercial space ENARA by OMNIYAT combines five-star hospitality with a sustainable, future-proof office environment. It will offer 34 flexible office spaces, featuring high ceilings, full-height windows, and landscaped terraces that promote both productivity and relaxation. These spaces accommodate diverse layouts, with a seamless transition from work to leisure. Each floorplate is dedicated to single tenants, ensuring exclusivity with private lift access. The interiors are suffused with natural light from the waterfront, reflecting OMNIYAT's signature blend of luxury, sophistication, and functionality. ENARA by OMNIYAT has been designed to meet the highest global standards for wellness, sustainability and digital connectivity. It is expected to achieve Platinum WELL Certification™ to ensure optimal health and well-being for occupants, and LEED Platinum certification for meeting the most stringent sustainability benchmarks. The development has also secured Platinum pre-certifications for both WiredScore and SmartScore, highlighting its advanced digital infrastructure and smart building capabilities. The building will feature smart Building Management Systems (BMS), including automated lighting, air-conditioning, and environmental controls for optimal energy efficiency. The seamless integration of technology will enhance security, comfort, and operational efficiency, making ENARA by OMNIYAT a fully future-ready workspace. Luxe amenities ENARA by OMNIYAT will offer priority access to an opulent Private Members' Club, for relaxation and networking, the club's world-class amenities include fine dining experiences, a luxurious bar and coffee lounges. ENARA also features a dedicated spa with a lap pool, sauna, and steam room, and a fully equipped fitness centre. A landscaped sky deck and events space and a business lounge with state-of-the-art meeting and conference facilities ensure that ENARA by OMNIYAT offers far more than just a workspace. This is a property designed to inspire innovation, foster collaboration, and elevate professional lifestyles. Marasi Bay reimagines Dubai's luxury landscape ENARA by OMNIYAT is part of OMNIYAT's broader vision for Marasi Bay, a reimagined ultra-luxury waterfront destination. Known for developing some of Dubai's most iconic properties including The Lana, Dorchester Collection, VELA, and VELA Viento, all located within the Marasi Bay district. With ENARA by OMNIYAT, Dubai's commercial real estate landscape is poised for a significant shift, blending iconic design with unparalleled amenities. As global demand for premium office spaces continues to grow, ENARA by OMNIYAT positions itself as the ultimate destination for visionary businesses seeking to thrive in a luxurious, sustainable, and connected environment.
Trade Arabia
08-05-2025
- Business
- Trade Arabia
DMCC awards main works contract for Uptown Dubai's next phase
DMCC, a leading international business district that drives the flow of global trade through Dubai, has appointed Ali & Sons Contracting Company to spearhead the second phase of Uptown Dubai's transformative development. As a leading regional urban development contractor, Ali & Sons Contracting has been awarded the main construction contract to bring this next phase to life following the successful completion of the enabling works, DMCC said. Seamlessly connected to the iconic Uptown Tower by a new link bridge, the development will see two new state-of-the-art commercial towers offering a combined 62,000 sq m of Grade A commercial and retail space, delivering amenities and accessibility in line with DMCC's dynamic urban destination. The new towers will exemplify a modern architectural design, with both structures built to LEED Gold standards. This ensures the highest levels of energy efficiency as well as the use of environmentally responsible materials and technologies, underscoring DMCC's commitment to sustainable urban development in line with Dubai's broader sustainability agenda. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'The next phase of Uptown Dubai marks a defining moment in the district's evolution. With 62,000 sq m of premium Grade A office and retail space across two landmark towers, we are responding proactively to the growing demand from global businesses seeking a world-class destination in Dubai. Seamlessly connected by a new link bridge and elevated by exceptional F&B and retail offerings, this development will deliver an integrated, future-ready environment for work, leisure, and lifestyle. Our collaboration with Ali & Sons Contracting underscores DMCC's unwavering commitment to excellence, innovation, and sustainable urban development – setting a new benchmark not only for Dubai, but for the region as a whole.' Ali & Sons Contracting will deliver the project using leading industry standards for health, safety and wellbeing, using technology and innovation such as drone surveying, off-site prefabrication and 3D planning software to achieve the highest quality construction. Shamis Ali bin Khalfan Al Dhaheri, Vice Chairman and Group Managing Director, Ali & Sons Holding, said: 'We are proud to have been awarded the contract for the next phase of Uptown Dubai, a landmark development that is shaping the future of urban living in the region. This partnership with DMCC reflects a shared commitment to excellence and innovation. We look forward to bringing our expertise to this ambitious project, delivering on DMCC's vision and creating a world-class destination.'
Zawya
07-05-2025
- Business
- Zawya
DMCC awards Ali & Sons Contracting Company – Sole Proprietorship LLC the main works contract for the next phase of Uptown Dubai's development
Next phase will include two new towers offering 62,000 square metres of premium commercial, F&B and retail space, connected to Uptown Tower by a new link bridge The project will connect directly to the Uptown Plaza, a world-class public realm with stellar events planned for later in the year The project will be built to LEED Gold standards, reinforcing DMCC's sustainability commitments Dubai, UAE: DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced the appointment of Ali & Sons Contracting Company – Sole Proprietorship LLC to spearhead the second phase of Uptown Dubai's transformative development. As a leading regional urban development contractor, Ali & Sons Contracting has been awarded the main construction contract to bring this next phase to life following the successful completion of the enabling works. Seamlessly connected to the iconic Uptown Tower by a new link bridge, the development will see two new state-of-the-art commercial towers offering a combined 62,000 square metres of Grade A commercial and retail space, delivering amenities and accessibility in line with DMCC's dynamic urban destination. The new towers will exemplify a modern architectural design, with both structures built to LEED Gold standards. This ensures the highest levels of energy efficiency as well as the use of environmentally responsible materials and technologies, underscoring DMCC's commitment to sustainable urban development in line with Dubai's broader sustainability agenda. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'The next phase of Uptown Dubai marks a defining moment in the district's evolution. With 62,000 square metres of premium Grade A office and retail space across two landmark towers, we are responding proactively to the growing demand from global businesses seeking a world-class destination in Dubai. Seamlessly connected by a new link bridge and elevated by exceptional F&B and retail offerings, this development will deliver an integrated, future-ready environment for work, leisure, and lifestyle. Our collaboration with Ali & Sons Contracting underscores DMCC's unwavering commitment to excellence, innovation, and sustainable urban development – setting a new benchmark not only for Dubai, but for the region as a whole.' Ali & Sons Contracting will deliver the project using leading industry standards for health, safety and wellbeing, using technology and innovation such as drone surveying, off-site prefabrication and 3D planning software to achieve the highest quality construction. Shamis Ali bin Khalfan Al Dhaheri, Vice Chairman and Group Managing Director, Ali & Sons Holding LLC, said: 'We are proud to have been awarded the contract for the next phase of Uptown Dubai, a landmark development that is shaping the future of urban living in the region. This partnership with DMCC reflects a shared commitment to excellence and innovation. We look forward to bringing our expertise to this ambitious project, delivering on DMCC's vision and creating a world-class destination.' Uptown Dubai continues to redefine urban living and working environments, positioning DMCC as a leader in creating thriving communities that integrate cutting-edge architecture with sustainability. About DMCC DMCC is a centre for global trade. Headquartered in Dubai, DMCC is the world's leading international business district in charge of driving the flow of global trade through Dubai. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers (JLT) and Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Where the world thrives and does business, DMCC is proud to sustain and grow Dubai's position as the place to be for global trade today and long into the future: About Uptown Dubai Uptown Dubai is a world-class smart district designed as a true urban destination for people to live, work and thrive. It's the UAE's most dynamic new district, located in DMCC. This vibrant neighbourhood is home to world-class, sustainably designed facilities, including the five-star SO/Uptown Dubai lifestyle hotel, ultra-modern residences, and exciting leisure, shopping, and dining experiences. Spanning more than 10 million square feet, Uptown Dubai will feature around 3,000 apartments, luxury hotels, and eight iconic towers, including two supertalls designed by Adrian Smith & Gordon Gill. About Ali & Sons Contracting Ali & Sons Contracting brings over 40 years of expertise in urban development and has been at the forefront of construction industry innovation in the UAE. Ali & Sons Contracting has championed high standards for project management, engineering and timely project completion, harnessing cutting-edge technology, which combines with their decades of experience to build every project with sustainable solutions and stunning architectural prominence at the heart of their delivery model.
