Latest news with #realestatedeveloper
CTV News
6 days ago
- Politics
- CTV News
Trump to build huge US$200M ballroom at White House
Architectural renderings show the inside of the planned State Dining Room that will be built onto the White House. (White House) U.S. President Donald Trump, who is remodeling the White House to his tastes, will build a massive ballroom for hosting official receptions, one of the largest projects at the US executive mansion in over a century. Trump himself and unspecified donors will foot the bill for the US$200 million project, White House Press Secretary Karoline Leavitt told a press briefing on Thursday. 'For 150 years, presidents, administrations and White House staff have longed for a large event space on the White House complex,' the spokeswoman said. 'There's never been a president that was good at ballrooms,' the 79-year-old president and former real estate developer told reporters of the latest bid to leave his mark on the White House. 'I'm good at building things, and we'll get it built quickly and on time. It'll be beautiful,' said Trump, assuring that the character of the original building would be preserved. The new structure will span over 8,000 square metres (90,000 square feet) and have space to seat 650 people, according to Leavitt. Work on the ballroom -- one of Trump's long-time ambitions -- will begin in September and is expected to be completed 'well before' the end of his second term in January 2029, Leavitt said. The hope is it will host grand state dinners, given in honor of foreign heads of state visiting Washington. Until now, these were generally done by erecting a huge tent on the White House grounds. Facade A model of the ballroom presented by the government shows it will be a white building with tall windows. Its columns and front look reminiscent of the main White House building, a facade is known worldwide. White House State Dining Room Architectural renderings show how the planned State Dining Room will change the outer facade of the White House. (White House) The ballroom building will replace the East Wing, which usually houses the offices of the US first lady. Trump, who does not shy away from the gaudy, has also redone the Oval Office to splash the room in gold -- from the stars surrounding the presidential seal on the ceiling, to the gold statues on the fireplace, to the mantel itself. The project is shaping up to be one of the most significant to break ground at 1600 Pennsylvania Avenue since renovation and expansion works undertaken by President Theodore Roosevelt at the start of the 20th century. President Harry Truman also oversaw notable construction work between 1948 and 1952, but did so without changing the external structure. Trump has said for some time that he wants to build a White House ballroom inspired by his own properties. On Thursday, he praised the newly built, lavish ballroom -- named after himself -- at his Turnberry golf resort in Scotland, one of dozens of properties owned by the Trump family. It will also be inspired by the ballroom of the Mar-a-Lago mansion in Florida, which has served as the model for Trump's remodeling of the White House to suit himself. The Republican billionaire, inspired by the patios of Mar-a-Lago, recently ripped up the lawn at the White House's historic Rose Garden and is paving that area, where official events are often held. He is flying two huge American flags outside the White House, which has been the residence and workplace of American presidents since 1800.
Zawya
23-07-2025
- Business
- Zawya
TownX launches AED 662mln Ashley Hills project on one of Arjan's largest plots
Dubai, UAE – TownX, one of Dubai's fastest-growing real estate developers with an AED 4 billion project portfolio, has announced the launch of its new residential project, Ashley Hills. Located on one of Arjan's largest land plots, the AED 662 million development covers over 400,000 square feet of sellable area and is set to be a key addition to the Dubai real estate market. The project will feature 616 residential units designed to cater to families and investors looking for high-quality living spaces. Ashley Hills will offer a variety of apartment types, each designed with spacious interiors and modern amenities, making it an attractive option for a wide range of buyers. Situated in one of Dubai's rapidly developing districts, Arjan offers strong connectivity to major roads, including Sheikh Mohammed Bin Zayed Road and Al Khail Road. The area's growing infrastructure, which includes schools, retail centres, parks, and recreational facilities, makes it an ideal location for residents seeking convenience and lifestyle. Haider Abduljabbar, Executive Director of TownX, said, 'The launch of Ashley Hills represents our ongoing commitment to developing high-quality, accessible communities in emerging neighbourhoods like Arjan. With its strategic location and focus on modern design and sustainable building practices, this project will offer a solid investment opportunity while meeting the growing demand for residential options in this area.' The project will offer two flexible payment plans to make purchasing more accessible: a 40/60 payment plan, with 40% due during construction and 60% upon handover; and a 70/30 payment plan, with 70% due during construction and 30% at handover. Since its inception in 2017, TownX has focused on delivering projects ahead of schedule and with attention to detail. With over 1,774 units delivered and 2,125 apartments currently in development, the company continues to expand its footprint in Dubai's real estate market. Ashley Hills is another milestone in TownX's efforts to create residential communities that meet the needs of modern families while delivering long-term value. Other key developments delivered by TownX include Easy18, Easy19, Luma21 and Luma22 in JVC. Ongoing projects include 11 Hills Park at Dubai Science Park and Luma Park Views in JVC. About TownX Founded in 2017, TownX is a Dubai-based real estate developer with a project portfolio valued at AED 4 billion. Driven by a team of 350 employees, the company has delivered over 1,774 units to date. TownX is currently developing 2,125 apartments and has completed 1,036,000 square feet of premium living space. With a focus on family-oriented communities, the company designs spaces that cater to all generations. TownX prioritises premium quality by incorporating high-end finishes, energy-efficient designs, and spacious interiors. Above all, the company is committed to an exceptional user experience, ensuring that each project enhances the daily lives of its residents. Key developments delivered include Easy18, Easy19, Luma21 and Luma22 in JVC. Ongoing projects include 11 Hills Park at Dubai Science Park and Luma Park Views in JVC. For media enquiries, please contact: Keel Comms support@
Zawya
07-07-2025
- Business
- Zawya
Takmeel Real Estate Development announces bold vision for the future with AED1.5bln in pipeline for 2025
Dubai, UAE – After nearly two decades of shaping thoughtfully designed communities, Takmeel Real Estate Development L.L.C. is entering a transformative new era. With a proven track record of over 100 completed projects across the UAE, this homegrown developer is now unveiling its ambitious development roadmap for 2025 a dynamic pipeline valued at AED 1.5 billion, with AED 550 million dedicated to upcoming flagship projects in Dubai South and Al Barari. Built on a foundation of timely delivery, lifestyle-driven design, and unwavering transparency, Takmeel is positioning itself as a next-generation developer committed to crafting communities that go beyond architecture offering environments that inspire belonging, well-being, and long-term value. Takmeel's upcoming developments will span over 350,000 sq. ft. of built-up area, strategically located in high-growth areas such as Majan, Al Barari, and Dubai South. These districts are recognized for their connectivity, natural landscapes, and strong investment potential, aligning with the company's strategy to meet the evolving demands of today's urban buyers. Established in 2006, Takmeel has delivered a wide range of residential and commercial projects across Dubai and the Northern Emirates, earning a reputation for efficient execution and end-user-first thinking. The developer's growing portfolio includes notable projects such as Divine Residencia in Dubai Sports City; Divine Living and Divine Residences in Arjan; Meydan Racecourse Mansion; and Golf View Living and Divine Golf Villas in Al Zorah. Each of these reflects Takmeel's commitment to design excellence, smart planning, and homeowner-centric living. As the visionary force behind Takmeel, Mr. Mian Asad Bashir has not only contributed to the region's urban development but has actively redefined it. His real estate journey began in 2006 with the launch of a pioneering project in the Northern Emirates, comprising over 800 villas and 12 residential buildings, a milestone that laid the groundwork for Takmeel's future. This success was followed by a bold entry into Dubai's real estate market, where he introduced 12 premium villas and townhouses in Jumeirah Village Circle. In 2017, these milestones culminated in the formal establishment of Takmeel Real Estate Development, now recognized as one of the UAE's most trusted real estate brands. 'Takmeel was born out of a deeply personal belief that homes should be more than four walls; they should be environments where people feel grounded, inspired, and connected. Since day one, our goal has been to craft spaces that bring value not only to the market but to the lives of those who live in them,' said Mian Asad Bashir, Founder & Chairman. 'We've stayed true to our principles of thoughtful planning, functional design, and transparency. This launch is more than a milestone; it's a reaffirmation of our promise to create homes with purpose. As we expand, our focus remains on delivering developments that reflect our integrity, our dedication to quality, and our understanding of what makes a house a home.' The announcement also marks a generational milestone, as Hamza Asad officially takes the reins as CEO, symbolizing the continuity of the brand's legacy with a future-focused vision. 'This is a proud and humbling moment for me personally,' said Hamza Asad, CEO, 'Takmeel is not just a brand — it's a legacy of trust, resilience, and vision. Having closely experienced the business and its trajectory, I've seen the care and dedication behind every detail of our projects. That spirit will drive our next phase. We are focused on scale and smart growth — launching communities that resonate with today's buyers, embracing sustainable practices, and pushing the boundaries of modern design. While we modernize, our values will remain our compass. We are building for the next generation with a long-term perspective on people, spaces, and the future of living.' The event was attended by prominent industry leaders, real estate professionals, members of the media, and strategic partners, offering an exclusive glimpse into Takmeel's evolving journey and bold ambitions. With a proven portfolio, dynamic leadership, and a mission rooted in purpose-driven development, Takmeel Real Estate Development is poised to become a defining force in the UAE's real estate future — a developer guided by legacy, vision, and the limitless potential of the communities it creates. About Takmeel Real Estate Development Founded in 2017, Takmeel Real Estate Development L.L.C. is a UAE-based real estate company committed to delivering thoughtfully designed residential communities that blend luxury, comfort, and functionality. With a name that means "completion" in Arabic, Takmeel reflects a philosophy rooted in precision, trust, and long-term value. The company has successfully developed and handed over several landmark projects across Dubai and the Northern Emirates, including Divine Residencia, Divine Living Arjan, Golf View Living, Meydan Racecourse Mansion, and Divine Golf Villas Al Zorah. With a robust pipeline of upcoming developments, Takmeel continues to shape lifestyle-driven spaces that meet the evolving needs of modern residents — setting new standards for quality living across the region.
The National
20-06-2025
- Business
- The National
Aldar generates more than Dh3.5bn in home sales at Fahid Island launch
Aldar Properties generated more than Dh3.5 billion ($953 million) in sales from Fahid Beach Residences and The Beach House, the island's first residential developments released during launch week, amid soaring property demand. The Fahid Island homes attracted a range of buyers. Expatriate residents and overseas purchasers accounted for 67 per cent of total sales, the developer said in a statement on Friday. Buyers from the UAE, Russia, the UK and China made up the top nationalities by sales volume. The company, Abu Dhabi's biggest listed developer, said 42 per cent of buyers were under the age of 45 and 67 per cent of them were first-time Aldar customers. Watch: Abu Dhabi to develop new island with one-bed apartments priced at $1 million Key demand drivers include Fahid Island's position as Abu Dhabi's first coastal wellness destination, its waterfront lifestyle and proximity to Kings College School Wimbledon, which sits within the wider wellness-inspired masterplan. 'The sales serve as a powerful validation of our vision to place wellness at the heart of community living,' Jonathan Emery, chief executive at Aldar Development, said. 'The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations.' A one-bedroom unit at the new development is priced from Dh3.5 million. The massive project, which has a gross development value of Dh40 billion, will be built in phases. The first residential development – Fahid Beach Residences, with seven buildings – is expected to be complete by 2029. Spread across 2.7 million square metres, with an 11km coastline, Fahid Island is being built between Yas Island and Saadiyat Island. It will have amenities including running tracks and cycling routes, with 30 per cent of the area dedicated to natural spaces. Residential property sale prices in Abu Dhabi rose by 11 per cent annually last year amid higher demand and a supply shortage, according to a March report by real estate company Cushman & Wakefield Core. Aldar launches Fahid Island – in pictures The Abu Dhabi Real Estate Centre reported that total transaction value in the emirate grew by 34.5 per cent to Dh25.3 billion across 6,896 deals in the first quarter of 2025, compared with Dh18.8 billion from 5,773 transactions in the same period of 2024. Off-plan sales in April across the UAE capital were up 75 per cent month-on-month at Dh804 million, driven by an increase in activity on Saadiyat Island and Al Jubail Island, EFG Hermes said in May. Aldar Properties accounted for the largest off-plan market share, contributing 70 per cent of activity in April. The announcement of a Disneyland Abu Dhabi theme park on Yas Island has further supported the property market. In response to the 'overwhelming demand' for Fahid Beach Residences, Aldar accelerated the launch of Fahid Island's second residential offering, The Beach House. The new development comprises 11 towers including studios and three-bedroom apartments. It offers views of the sea and Abu Dhabi skyline, shoreline access and connectivity to Coral Drive, the island's boutique retail boulevard. Aldar said on Friday it has planned further residential launches for Fahid Island. The island's waterfront promenade will have a combination of retail, dining and art experiences. Coral Drive will have outlets, concept stores, art galleries, a ballet school, cafes and public artworks. Kite surfing, paddle boarding, illuminated night swimming, and volleyball will also available to residents of the island.
Bloomberg
18-06-2025
- Business
- Bloomberg
India's Top Developer Newest $1.3 Billion Luxury Project Sells Out in One Week
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. India's biggest real estate developer sold luxury residences worth about 110 billion rupees ($1.3 billion) at a new highrise project near capital New Delhi, as demand for lavish homes shows no sign of abating.
