Ajay-Bhatia-2.jpg

May 21, 2025 foasummit0

The global eco-consciousness movement, which has been transforming industries worldwide, is enhancing the architectural domain by meticulously balancing its diverse facets of creativity, functionality, and sustainability. The multidisciplinary domain of ‘Adaptive Architecture’ is a crucial link in this process, as it aids in the creation of buildings that seamlessly adapt to their environments, inhabitants, and objects.

Adaptive and receptive architecture emerged in the late 60s and early 70s, led by advancements in the domains of cybernetics, artificial intelligence, and information technology. This holistic architectural approach prioritises flexibility and foresight, laying the blueprint for buildings that cater to the needs of the present, while remaining adaptable to accommodate future requirements.

Even as the global environmental and social landscapes rapidly evolve, architectural developments continue to accrue significant carbon emissions each year, highlighting the need to reimagine traditional design practices. Adaptive Architecture emerges as a groundbreaking innovation challenging the norms of static structures by introducing designs that can evolve over time, responding to the inhabitants’ needs, environmental changes, and technological advancements, further enhancing efficiency and user satisfaction.

Early Days of Sustainable Design

Earlier, adaptive design modalities were utilised for the creation of accessible entrances, and installation of elevators, as well as ramps. However, today, it commands a larger scope of utility, with countries such as UAE, KSA and Qatar, leveraging its capabilities to create highly complex, best-in-class luxury and sustainable designs.

As new cities shape the Middle East’s modern urban landscape, advanced technologies, and innovative practices such as Adaptive Architecture, play a critical role in facilitating key design processes. The Middle East, particularly the UAE real estate market, is undergoing rapid expansion, and is expected to attain a valuation of US $0.76tn by 2029, expanding at a robust annual growth rate of 2.45%. Cities like Dubai have undergone an exponential transformation in the recent past, with the notion of ‘urban comfort’ being redefined by the emergence of glitzy residential complexes and high-rise buildings. Additionally, there is a rising demand for sustainable features, mixed-use developments, and affordable luxury properties.

Modern homes in Dubai are equipped with high-tech features like sophisticated plumbing and central air conditioning, catering to the buyers’ evolving preferences. Such elements have further enhanced Dubai residents’ quality of life by facilitating 24/7 hot water services, high-speed internet, pleasant indoor temperature, and efficient water management. With green infrastructure serving as the cornerstone of adaptive design, energy-efficient components are incorporated into buildings in the emirate to lower carbon footprint, paving the way for an eco-conscious living experience.

Equally important is the role of smart sensors and responsive systems that automatically adapt to shifting conditions—whether external, such as temperature and air quality, or internal, such as occupancy levels and energy use. These technologies not only support sustainable goals but also offer enhanced comfort and safety, particularly in high-density urban developments. In the UAE, where extreme weather can challenge conventional infrastructure, adaptive buildings ensure resilience, energy preservation, and a consistent quality of life.

Materials and Systems

Moreover, adaptive design in luxury properties often utilises dynamic façades, which are panels that respond to sunlight or wind, transforming buildings into ever-changing landmarks. These innovations are not only aesthetic triumphs but also functional solutions that reduce reliance on mechanical cooling systems, aligning form with environmental responsibility.

Adaptive architecture does not focus on materials and systems alone, it also aims to enhance overall human experiences. For instance, it promotes the use of biophilic design principles, which incorporate natural light, plants and organic patterns that are proven to improve mental health and productivity.

Similarly, creative architectural solutions such as building-repurposing, prefabrication and adoption of eco-friendly materials reduce waste, optimise resource efficiency, and prolong the lifespan of the built environment. Furthermore, through the integration of the Internet of Things (IoT) and AI-powered components, residents can have unprecedented control, as well as the ability to easily optimise their living spaces.

Incorporating adaptive principles is also crucial for addressing the psychological demands of modern living. With the urban lifestyle becoming increasingly fast-paced and digitally tethered, architectural environments must function not just as shelters, but as sanctuaries. Spaces that adapt to circadian rhythms, adjust lighting based on mood, or use soundscapes to foster a serene ambience are no longer futuristic concepts but are rapidly becoming integral to high-end property design. The UAE’s luxury segment is leading this shift, turning homes into personalised wellness ecosystems.

Beyond residential development, adaptive principles are now being woven into hospitality and commercial architecture as well. Hotels that can reconfigure room layouts for different types of guests, or office spaces that adapt to hybrid work models, are meeting a growing market demand for flexibility. In a region as diverse and dynamic as the GCC, where international business and tourism flourish, this flexibility can be a game-changer – offering unmatched guest experiences and operational efficiency.

Bolstered by this ongoing transition, developers and architects are shifting their focus towards creating memorable experiences for their clients, rather than merely designing buildings. As the global real estate sector grows crowded, such an approach can position developers for long-term success, by ensuring that their projects seamlessly align with market demands.

Ultimately, the narrative of Adaptive Architecture in the UAE is one of progression, not just in terms of structures, but in the way we think about human connection, cultural context, and future resilience. As Dubai prepares to host new waves of global innovation through initiatives like the Dubai 2040 Urban Master Plan, adaptive design will be pivotal in delivering spaces that are as intelligent as they are inspiring.

The post Adaptive architecture is driving a new era of urban luxury living appeared first on Middle East Construction News.


Source: ME Construction News


la-mazzoni-exterior.-1.jpg

May 21, 2025 foasummit0

The Luxe Developers has tracked a surge in demand for premium residences with integrated co-working spaces from high-net-worth investors. This trend is said to be driven by investors and professionals who value flexible and business ready living environments, transforming the luxury real estate landscape in the UAE. The latest research from Mordor Intelligence underscores the growing demand for co-working spaces in the UAE. The market is projected to experience 43% growth in value by 2029. Consequently, luxury residential developers are integrating business facilities within their properties, which allows residents to work from home without compromising on the luxury they expect.

According to Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers, “Buyers are increasingly demanding luxury homes that incorporate excellent business and meeting facilities, particularly in their developments in Ras Al Khaimah. Traditionally, luxury residences have been associated with leisure and exclusivity. However, with remote work and global entrepreneurship on the rise, affluent buyers are now prioritising developments that support their professional needs as much as their lifestyle aspirations. Investors and professionals are no longer looking at luxury properties solely as homes or holiday residences; they want spaces that enable them to work efficiently while enjoying an ultra-luxurious lifestyle.”

The Luxe Developers has launched two projects on Al Marjan Island, the company’s flagship development, the sold-out Oceano, and the recently launched La Mazzoni. The latter is a fully furnished project that combines luxury with the contemporary, transient lifestyle of the UNHWI investor by crafting spaces that allow them to work efficiently without compromising on the elevated offering, said a statement.

“With La Mazzoni, we have designed fully furnished luxury residences that meet the demands of a new generation of global business leaders who expect top-tier co-working facilities within their private residence community. In addition to world-class amenities, we have carefully crafted co-working spaces inspired by nature to curate an environment that blurs the boundaries between personal sanctuary and a thriving entrepreneurial ecosystem,” added Agarwal.

Siddharta Banerji, Managing Director and Co-owner, The Luxe Developers added, “The future of luxury real estate is about creating homes that are more than just a place to live; they must cater to every aspect of modern life, including business and productivity. This is why La Mazzoni offers fully equipped workspaces alongside world-class leisure amenities. Integrated co-working spaces in La Mazzoni are built to foster networks where like-minded resident entrepreneurs, venture capitalists, and creatives can cross paths. Our co-working spaces are designed to inspire ideas and future collaborations. Ras Al Khaimah is no longer just a second-home destination; it is now the primary choice for modern investors seeking a lifestyle destination that offers the versatility of a personal retreat combined with a professional hub.”

With the rapid expansion of co-working spaces in the UAE, Ras Al Khaimah is becoming a destination where business and leisure intertwine. This presents an opportunity for investors and entrepreneurs to acquire property that aligns with their lifestyle and professional aspirations. The emirate has established itself as an investment hub, offering developments, while maintaining a more serene and exclusive environment. According to market analysts, prices in the emirate have surged by up to 60%, fueled by investors and arrival of mega-developments.

The post Luxe Developers sees increased demand for premium residences with co-working spaces appeared first on Middle East Construction News.


Source: ME Construction News


MOEI-1.jpg

May 21, 2025 foasummit0

During a strategic visit to a PRC manufacturing facility in Qatar, the Ministry of Energy & Infrastructure (MOEI) and Dar Alwd Construction (DAW) reaffirmed their commitment to sustainable and high-performance infrastructure solutions. The visit offered valuable insights into material innovation, quality assurance processes, and sustainable manufacturing practices. It further solidified DAW’s position in delivering high-performance PRC solutions to the UAE’s infrastructure sector.

In the UAE construction industry, DAW showcased how Polymer Resin Concrete (PRC) technologies known for their extended service life, corrosion resistance, and environmental efficiency, are transforming the standards of infrastructure development.

The Ministry of Energy & Infrastructure stated, “We are committed to integrating innovative, sustainable technologies into our infrastructure projects. Our engagement with advanced materials like PRC reflects our strategic focus on building resilient, future-ready assets that meet the UAE’s long-term development vision.”

Tarek Musbah Abdulrahman, General Manager of Dar Alwd Construction (DAW) added, “At Dar Alwd Construction, we remain deeply committed to supporting the UAE’s vision for sustainable infrastructure by delivering innovative, high-performance solutions. We are proud to contribute our expertise toward building resilient, future-ready developments that align with the nation’s growth objectives.”

During the visit in the QGPC facility, the delegation reviewed advanced production processes, quality assurance protocols, and environmental initiatives, all of which align with the highest UAE regulatory and sustainability standards. The collaboration between the Ministry of Energy & Infrastructure and Dar Alwd Construction reflects a shared vision of enhancing infrastructure resilience and operations across the UAE and beyond.

The post Ministry of Energy & Infrastructure and Dar Alwd Construction strengthen partnership for sustainable infrastructure appeared first on Middle East Construction News.


Source: ME Construction News


EXEED-1.jpg

May 21, 2025 foasummit0

Exeed Industries has entered into a Memorandum of Understanding (MoU) with Partanna Oasis, a subsidiary of Partanna, an innovator in sustainable building materials. This collaborative agreement aims to introduce carbon-negative cement technologies to the UAE, marking a significant step towards addressing climate change concerns.

The MoU underscores a shared objective to evaluate and plan for the establishment of facilities in Abu Dhabi to locally manufacture Partanna’s next-generation of cement alternatives. Both parties will devise a strategic plan for the establishment of a brine conversion facility, a tolling facility, and a cement production plant, thereby facilitating the commercialisation of Partanna’s products within the United Arab Emirates.

Partanna’s innovative carbon-negative building materials, crafted without the conventional Portland cement, not only mitigate carbon emissions but actively contribute to the removal of CO₂ from the atmosphere, presenting a solution for sustainable construction. It’s worth noting that traditional Portland cement is responsible for a significant portion of global CO₂ emissions, accounting for 9%. Partanna’s innovative technology transforms developments into vital carbon removal assets. said a statement.

“We are excited to join forces with Partanna to champion green innovation in construction,” said Mohammad Alameer, Group CEO at Exeed Industries. “This partnership aligns perfectly with our sustainability objectives and the UAE’s industrial decarbonisation goals.”

“This is an important milestone in our mission to scale global access to climate-positive construction materials,” added Rick Fox, CEO of Partanna. “The UAE is a strategic market and global leader in sustainable construction, and Exeed’s deep industrial expertise makes them a match winning partner.”

As part of this collaborative effort, both parties will collaborate on certification processes, performance testing, and regulatory framework alignment. The scope of the project also includes evaluating applications across the UAE’s construction sector and integrating them into Exeed’s precast and concrete operations. The MoU reinforces both companies’ commitment to innovation, sustainability, and long term value creation.

The post Exeed Industries signs MoU with Partanna Oasis to introduce sustainable cement solutions appeared first on Middle East Construction News.


Source: ME Construction News


Ajay-Bhatia-1-1.jpg

May 21, 2025 foasummit0

Bhatia General Contracting is set to deliver 1,050 villas in Al Khawaneej 2 district in May 2025. This project is part of a larger government initiative aimed at providing high-quality, modern housing for Emirati families and fostering sustainable urban development in Dubai. Bhatia Group’s commitment to offering a diverse range of housing options is said to align with its 50-year legacy of enhancing the UAE’s real estate landscape.

The project, which is now in its final phase, plays an important role in the ‘Dubai 2033 Plan’, a strategic initiative aimed at solidifying Dubai’s reputation as one of the world’s most livable urban centres. This milestone marks an achievement, as the total value of projects executed since 2024 has surpassed US $681mn. Moreover, the project is an integral part of the historic $18bn housing budget approved by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. This budget, spanning from 2024 to 2040, reflects the leadership’s commitment to providing high-quality housing solutions to Emirati citizens, said a statement.

Ajay Bhatia, Chairman of Bhatia General Contracting and Founder of SOL Properties said, “This landmark housing development stands as a testament to our visionary leadership’s dedication to enriching citizens’ lives and nurturing their dreams. Aligning with this vision, and as we celebrate our 50th anniversary at Bhatia Group, we continue to strive to create welcoming spaces which can enrich the lives of residents and foster a sense of belonging. In this regard, the 1,050 villas complex stands out as an epitome of thoughtful, sustainable urban living, designed to serve both present and future generations.”

Bhatia Group has delivered several pivotal community developments, the company has demonstrated its ability to execute projects that are vital to the nation’s infrastructure and community well-being. The projects include the Dubai Government’s Ambulance complex, the Dubai Central Laboratory, Hatta Border Port Crossing complex connecting the UAE and Oman, and Dubai Waterfront Market.

Located in Al Khawaneej 2, the master-planned community showcases the group’s commitment to design and high quality construction. It boasts an array of essential amenities, including open green spaces, pedestrian and cycling paths, a nursery, a community park, and other public facilities. The community also promotes neighborhood connectivity, reducing the reliance on vehicles, in line with Dubai’s vision for sustainable urban living. Additionally, the complex incorporates several integrated features, such as landscaped roads, service centers, digitally enabled allocation, and financial service systems.

Bhatia General Contracting has completed over 250 projects, spanning both small-scale developments and large-scale government initiatives in the Middle East and the United Arab Emirates. The company maintains its commitment to advancing civil construction standards by executing landmark projects that have the potential to positively influence the lives of future generations.

The post Bhatia General Contracting to deliver 1,050 villas in Al Khawaneej 2 district project appeared first on Middle East Construction News.


Source: ME Construction News


AECOM-1.jpg

May 20, 2025 foasummit0

AECOM has extended its collaboration with the Kingdom of Saudi Arabia’s Ministry of Sports for specialised site supervision consultancy services at the King Fahd Sport City in Riyadh. The partnership is particularly timely as Saudi Arabia is to host two of the world’s major sporting events, the AFC Asian Cup 2027 and the 2034 FIFA World Cup. AECOM’s involvement will encompass the transformation of the stadium into a venue, ensuring the standards for both domestic and international audiences.

Lara Poloni, AECOM’s President said, “As Saudi Arabia accelerates towards the Kingdom’s Vision 2030, we’re proud to deepen our collaboration with the Ministry of Sport on this iconic project. Around the world, strategic investments in infrastructure are driving growth and resilience, and this transformation reflects how sport can be a powerful catalyst for creating opportunity and improving communities.”

Known as the ‘Pearl of Stadiums’ this stadium has been an important component of Saudi Arabia’s sports landscape since its inauguration in 1987. Leveraging its global expertise in sports infrastructure, AECOM will lead the enhancement process as per FIFA’s standards, ensuring the stadium’s readiness for international competitions. These upgrades will further solidify the venue’s status as a premier sports center, aligning with the Kingdom’s growing sports aspirations and the objectives of Kingdom’s Vision 2030, the statement explained.

“Our collaboration with the Ministry of Sport highlights AECOM’s commitment to delivering world-class infrastructure,” said Hamed Zaghw, Chief Executive of AECOM’s Middle East and Africa region. “By leveraging our expertise from major international events like the 2022 Qatar World Cup, the 2012 global sporting event in London and 2010 FIFA World Cup South Africa, combined with AECOM Hunt’s construction management experience on some of the world’s most renowned sports facilities, we are proud to contribute to transforming the King Fahd Sports City into a global benchmark.”

AECOM Hunt will serve as a key consulting partner in the stadium’s transformation and brings extensive expertise managing the construction of sports and entertainment venues across the United States, including the Intuit Dome, Lucas Oil Stadium, Mercedes Benz Stadium and SoFi Stadium. With over 125 stadium projects in their portfolio, AECOM Hunt will provide unique insights to support a successful delivery of this landmark stadium, the statement concluded.

The post AECOM extends collaboration with Saudi Arabia’s Ministry of Sports for site supervision services at the King Fahd Sport City appeared first on Middle East Construction News.


Source: ME Construction News


Anna_1000x600-1.jpg

May 20, 2025 foasummit0

Sustainable tourism is increasingly important to travellers seeking memorable trips and authentic experiences while minimising environmental impact. Efficient public transport links are essential, helping to reduce car dependence and to enhance community engagement. Tourist destinations that are to be transformed into eco-conscious hubs require integrated infrastructure, forward-thinking government policy and a collective shift in mindset from residents and tourists alike.

Dubai is well-known for its rapid expansion and visionary leadership and is actively pursuing sustainable tourism through its strategic public transport development. The Dubai Metro, a lower-emission transport option, connects key tourist and residential areas and is estimated to have saved about one billion car journeys since its launch in 2009 according to the Roads and Transport Authority. The Dubai Metro has been credited with reducing carbon emissions by an estimated 2.6m tonnes. Initiatives like the new Dubai Metro line extensions and the deployment of new electric buses underscore this commitment.

Dubai has also recently launched the ‘Dubai Can’ initiative, promoting refillable water bottles, reducing the need for single-use plastic and addressing the significant environmental concern of plastic waste. Beyond the Metro, the tram and water taxi systems contribute to a comprehensive, integrated public transport network.

Tools of the Trade

Technology is a vital tool in sustainable travel, mitigating the effects of climate change on tourism and finding new and more efficient ways for tourism to operate with a reduced carbon footprint. Mobile applications, for example, provide, real-time information improving traveller convenience and reducing the need for printed schedules. Contactless payments and integrated ticketing streamline this process further. With new electric bus fleets added to the streets of Dubai, smart city technologies like traffic management systems help to reduce congestion and optimise operations. Real-time data analysis tools minimise traffic delays and fuel consumption and allow for dynamic traffic adjustments. Dubai’s commitment to sustainability is further demonstrated by solar-powered bus shelters that provide respite from the heat for commuters. The emirate has also announced plans to explore autonomous vehicles, revolutionising transport and reducing emissions.

Guests travelling to Dubai are encouraged to utilise public transport links to explore local neighbourhoods. When it comes to short-term rentals, we recommend that property owners provide information about local transport links, helping support guests who are interested in sustainable travel.

Driving Sustainable Tourism

The future of Dubai’s sustainable tourism industry is hinged on technological integration and ongoing public transport development. Continuous infrastructure investment is essential, especially in tourist hotspots. Public transport use can also be incentivised by policies like congestion charges and dedicated pedestrian zones. Awareness and education campaigns are also useful tools to promote sustainable travel.

Effective, accessible public transport is vital for building a sustainable tourism industry that reduces its carbon footprint, while encouraging visitors to explore the emirate’s diverse offerings. This isn’t just about infrastructure, this is about creating a forward-thinking mobility ecosystem that aligns with Dubai’s ambition to be a global leader in sustainable urban development. By prioritising the public transport system with the metro, tram, bus and water taxi services, Dubai can minimise reliance on private vehicles, and effectively reduce carbon emissions.

Dubai’s integration of cutting-edge technology into its urban development signals its commitment to sustainable growth, offering a global model for responsible city planning. Promoting sustainable tourism which extends beyond transportation with the ‘Dubai Can’ demonstrates that even small changes can have a significant impact on reducing environmental waste. By promoting the usage of refillable water bottles across the city and placing water refill stations across busy hotspots, tourists are encouraged not to use single-use plastic bottles and be mindful of their plastic pollution.

Beyond the ‘Dubai Can’, the city’s sustainable tourism initiatives also include the development of extensive cycling routes and pedestrian-friendly zones to promote active transport, the adoption of innovative technologies such as vertical farming and increased investment in green spaces and urban parks to improve air quality.

What’s more, the Dubai Sustainable Tourism (DST) Stamp was also launched recently by the Dubai Department of Economy and Tourism. Recognising hotels that adhere to stringent sustainability requirements, including energy efficiency, water conservation, waste management and staff engagement. With a tiered recognition system of Gold, Silver, and Bronze, the DST Stamp incentivises hotels to continuously improve their environmental practices, aligning with the UAE’s Net Zero 2050 Strategy. By establishing clear benchmarks and promoting transparency, this initiative not only enhances Dubai’s reputation as a sustainable destination but also encourages the tourism sector to contribute to the emirate’s broader environmental goals.

Dubai’s plans for sustainable mobility also include an extensive cycling network with dedicated bike lanes and shared cycling schemes for tourists and residents to use. Shaded walkways and pedestrian-friendly zones also encourage people to explore Dubai on foot.

The seamless integration of sustainable practices across all sectors of Dubai’s tourism industry is key to its long-term success. By investing in efficient public transport, promoting active travel, creating green spaces, and embracing sustainable technologies, Dubai is creating a blueprint for responsible tourism development. This dedication to sustainability benefits both the environment and the visitor experience, solidifying Dubai’s position as a forward-thinking and eco-conscious destination.

The post Public transport links and the rise of sustainable tourism appeared first on Middle East Construction News.


Source: ME Construction News


Heritage-Museum-Diriyah-1.jpg

May 20, 2025 foasummit0

The Misk Heritage Museum ‘Asaan’ in Riyadh, Saudi Arabia, has commenced construction on a cultural landmark that will be housed in the historic district of Diriyah. The groundbreaking ceremony, organised by the museum, coincided with the Kingdom’s celebrations of International Museum Day and was attended by representatives from the Mohammed bin Salman Foundation (Misk), Diriyah Company, and designers Zaha Hadid Architects.

The museum, spanning an area of 40,000sqm, moves beyond the traditional museum concept to offer integrated cultural experiences. Visitors will be immersed in the daily life of past generations through interactive spaces, workshops, and activities rooted in local environments. These experiences allow them to explore traditional arts, crafts, stories, customs, and social values, providing a window into Saudi culture. Asaan showcases both tangible and intangible aspects of Saudi culture, said a statement.
The Misk Foundation’s initiative aims to preserve and promote Saudi heritage and its diversity. Zaha Hadid Architects designed Asaan’s contemporary architectural design, which draws inspiration from the traditional Najdi style and embodies Saudi Arabia’s rich architectural heritage. Upon opening, the museum will showcase a conservation laboratory dedicated to restoring and preserving heritage artifacts and artworks. It will also serve as a hub for knowledge exchange and a training ground for the next generation of museum professionals.
Khaled Al Saqer, CEO of the Misk Heritage Museum Asaan stated, “Marking International Museum Day by commencement of construction of Asaan is a historic milestone in our mission to safeguard and celebrate Saudi heritage. Asaan’s role extends beyond preserving and displaying artifacts; it seeks to inspire meaningful engagement through immersive experiences that connect past, present, and future generations, strengthening pride in Saudi identity and sharing our cultural legacy with the world. Driven by our belief in community participation as a pillar of heritage preservation, Asaan will offer a wide range of interactive programs curated by leading experts. These initiatives aim to foster cultural passion, inspire creativity, and empower all members of society to engage with and celebrate our heritage.”
Jerry Inzerillo, Group CEO of Diriyah Company added, “Asaan is a valuable addition to Diriyah’s portfolio of cultural projects and demonstrates our commitment to presenting the richness of Saudi heritage in a modern way that strengthens its global presence. The museum supports our broader goal of establishing Diriyah as a world-class destination that celebrates history, culture, and national identity. We’re excited about the programmes and activities Asaan will bring, as they will offer something truly special for the community and for visitors from around the world.”
The launch of Asaan construction signifies a pivotal moment in the development of a cultural landmark that pays homage to Saudi heritage and elevates the nation’s global standing. As per a statement from the museum, Asaan embodies Saudi Arabia’s dedication to preserving its cultural heritage and strengthening its national identity, aligning with the objectives of Vision 2030. Asaan’s mission is to preserve Saudi heritage and celebrate its authenticity and diversity by showcasing extensive collections of cultural artifacts through immersive exhibitions and inspiring spaces.

The post The Misk Heritage Museum announces start of construction appeared first on Middle East Construction News.


Source: ME Construction News


Dubai-Holding-1.jpg

May 20, 2025 foasummit0

Dubai Holding, through its wholly owned subsidiary DHAM REIT Management (Fund Manager), has announced an increase in the offering size of Dubai Residential REIT’s initial public offering (IPO). The approval was granted by the UAE Securities and Commodities Authority (SCA).

Dubai Residential REIT is a Shariah compliant income-generating closed-ended real estate investment fund that is currently in the establishment phase. It is one of the largest owners and operators of residential real estate in Dubai. The REIT will now float 15.0% of its issued unit capital, instead of the previously announced 12.5%, said a statement.

DHAM REIT Management exercised its right to increase the number of units driven by the strong demand from domestic and international investors and over-subscription across all tranches. Upon listing on the Dubai Financial Market (DFM), DHAM Investments, a subsidiary of Dubai Holding, will continue to own a majority 85% stake in the REIT. Based on the unchanged offer price range per offer unit, the revised offering size is expected to be between US $568mn and $584mn, implying a market capitalisation at listing of between $3.8bn and $3.9bn.

Dubai Residential REIT’s Offering, as previously announced, comprises two tranches. The revised offering size is as follows, First Tranche, the UAE Retail Offer, remains unchanged at 162,500,000 units and is open to retail investors and eligible entities holding a National Investor Number (NIN) with the Dubai Financial Markets (DFM). The Second Tranche, the Institutional Offering, has been increased from 1,462,500,000 units to 1,787,500,000 units. This tranche is open to qualified institutional investors (Professional Investors) outside the United States, subject to Regulation S, applicable UAE laws, and SCA approval.

Each successful subscriber in the First Tranche will be guaranteed a minimum allocation of 2,000 Units, provided that the total number of units issued under the minimum guaranteed allocation does not exceed the Tranche size and remains within the limits and conditions set out in the Prospectus. Investors in both tranches can subscribe to the offering which will close on 20 May 2025. The final offer price will be determined through a book building process conducted in consultation with the Joint Global Coordinators, the Fund Manager and the Selling Unit holder, and is expected to be announced on 21 May 2025.

The completion of the offering and admission of units to trading on the DFM (Admission) is expected to take place on or around 28 May 2025. The units are expected to trade under the symbol ‘DUBAIRESI’. The details of the offering are available in the prospectus and public subscription announcement (Public Announcement), and in an English-language international offering memorandum (International Offering Memorandum).

Dubai Residential REIT, subject to the approval of the REIT Board and other provisions outlined in the UAE prospectus, said that it plans to implement a semi-annual dividend distribution policy, with payments made in April and September of each year, commencing in September 2025. For the financial results of the year ending 31 December 2026, and beyond, Dubai Residential REIT intends to distribute at least 80% of its profit for each accounting period, subject to Board approval. The Offer Price Range suggests a gross dividend yield of 7.9% at the lowest end of the range and 7.7% at the highest end for the year ending 31 December 2025.

Citigroup Global Markets, Emirates NBD Capital PSC, and Morgan Stanley & Co. International have been appointed as Joint Global Coordinators and Joint Bookrunners. Emirates NBD Bank has been appointed as the Lead Receiving Bank. Abu Dhabi Commercial Bank, Arqaam Capital Limited acting in conjunction with Arqaam Securities, and First Abu Dhabi Bank are acting as joint bookrunners (together with the Joint Global Coordinators, Banks) for the offering, Abu Dhabi Islamic Bank, Al Maryah Community Bank, Commercial Bank of Dubai, Emirates Islamic Bank, Mashreq Bank have also been appointed as Receiving Banks.

Pursuant to the Underwriting Agreement, the Selling Unitholder will be subject to a lock-up on the units from the date of the agreement until 180 days after admission, subject to certain customary carveouts and consent from the Joint Global Coordinators. Dubai Residential REIT will also be subject to a lock-up for the same duration.

In connection with the offering, the selling unitholder will allocate proceeds from the sale of up to 243,750,000 offer units to xCube, a DFM-authorised price stabilisation manager appointed by the Fund Manager. These proceeds may be used, in accordance with applicable laws and DFM Trading Rules, to conduct stabilisation transactions on the DFM. The banks and their respective directors, officers, employees, agents, and affiliates will not be involved in, responsible for, or benefit from any such transactions, which will be carried out solely by xCube.

The post DHAM REIT Management announces increase in Dubai Residential REIT’s IPO offering size appeared first on Middle East Construction News.


Source: ME Construction News


Farnek-1.jpg

May 19, 2025 foasummit0

UAE-based facilities management (FM) company Farnek has launched the Farnek Hybrid Unit (FHU), presenting a transformation in cleaning by integrating human operatives with advanced and intelligent robotic cleaners, the firm said in a statement.

Robots can collaborate with operational staff without traditional physical supervision, carrying out cleaning tasks autonomously. They can recharge themselves, using real time localisation and environmental perception to avoid hazards, and clean up to 5,000sqft per hour. During autonomous cleaning, robots are equipped with sensors and mechanisms that enable obstacle detection, fall prevention, and anomaly impact detection, it added.

“Essentially the model is centered around Hybrid Units (HU), where tasks are completed without distinction between humans and robots, focusing on efficiency and quality of outcome. The robotic units can handle the heavy lifting, repetitive cleaning, and large surface areas, allowing manual operatives to focus on higher value or specialised tasks, such as sanitising sensitive areas, and spot cleaning. This strategic distribution of tasks enhances overall productivity while reducing overlapping and wasteful man hours,” said Julian Khalil, Managing Director, Farnek Services.

Robotic vacuum cleaners are digitally mapped, ensuring precise and 100% area coverage. This eliminates the gaps often left by manual processes, which can occur due to human error or fatigue. Robotic paths are pre-mapped and optimised, guaranteeing complete surface coverage and achieving cleaning standards.

“Unlike human operatives, robots can be deployed in operations 24/7 without fatigue. This multi-shift capability reduces the need for additional manpower, particularly in high-traffic areas and during off-peak hours. The Farnek Hybrid Unit is a transformative step to deliver commercial cleaning services. This is more than just a technology shift it’s a cultural evolution in how we see cleaning, moving forward. Data-driven, performance-oriented, and future ready. The maintenance of intelligent robots is predictable and scheduled, avoiding unexpected maintenance costs typical with manual equipment. With robots handling repetitive tasks, fewer human operatives are required, optimising labour costs,” added Khalil.

Farnek’s CAFMTEK Mobile App, which was designed and developed by its sister company HITEK AI, dynamically schedules and monitors all Hybrid Units. This app provides supervisors with real time visibility, live task updates, and dedicated reports. It also enables instant adjustments to manpower and robotic assignments based on real time demand. Consistent status updates are available via the CAFMTEK app on smartphones or PCs, the statement outlined.

“The unique aspect of Farnek’s hybrid model is our use of AI technology. Our CAFMTEK digital solution, which provides connectivity and technology integration, links the robots to operational management teams, accelerating precise, real-time monitoring, predictive cleaning and manpower requirements, as well as enhancing data-driven decision-making,” explained Javeria Aijaz, Managing Director of HITEK AI.

Optimisation leads to substantial cost savings. Unlike humans, robots don’t take vacations, sick leave, or suffer from fatigue. They operate continuously, eliminating any potential efficiency or cost impact caused by human or cleaning equipment downtime. Human productivity typically declines over an eight-hour shift, while robotic units maintain consistent performance throughout. This minimises the cost of managing shifts, payroll, and compliance through automated scheduling, the statement concluded.

The post Farnek launches transformational hybrid cleaning unit appeared first on Middle East Construction News.


Source: ME Construction News