Oman’s Civil Aviation Authority (CAA) has launched a major tender for the master-planning and design of three new domestic airports; these will play a key role in the sultanate’s initiative to bolster tourism, as part of Oman Vision 2040.

The new airports are planned for Al Jabal Al Akhdar, Masirah Island, and Suhar.

The tender is expected to draw leading international consultancy firms, and the successful bidder will be tasked with conducting site selection studies, developing masterplans, overseeing design, and providing supervision for the construction of the airports.

The tender comes in the wake of CAA Chairman Naif bin Ali al Abri’s earlier announcement, where he discussed plans to build six new airports across Oman over the next five years. The initiative is seen as an essential step in enhancing the sultanate’s role as key logistics hub and encouraging investment in these strategically important regions.

Alongside the airport expansion, the CAA is also moving forward with plans to licence a second low-cost carrier, designed to complement SalamAir and improve domestic air travel, particularly to key tourism destinations.

Consultancy firms have until 7 October 2024, to submit their final bids.

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Source: MEConstructionNews

FM solutions provider HITEK Services has developed and activated a community app for MAG. The digital platform will transform the living experience for residents of MAG City by offering a comprehensive suite of features designed to enhance convenience, efficiency, and community engagement.

The white label app licenced to MAG, was developed in-house by HITEK’s solution experts, and aims to provide residents with a single, user-friendly interface to manage all aspects of their living experience, from streamlined customer registration and profile management to the convenience of purchasing Annual Maintenance Contract (AMC) packages and on demand maintenance services online.

“With the HITEK Community App, MAG City management, tenants and owners will have access to a real time dashboard offering complete visibility regarding the handover status of individual units, with the ultimate aim of making the process of moving in as stress free and streamlined as possible,” said Javeria Aijaz, Managing Director of HITEK.

Additionally, MAG City’s management can give service providers access to the app to monitor service agreements and track progress during the Defect Liability Period (DLP). During this post-handover phase, construction and secondary finishing faults and delays in any individual properties can be identified and rectified, ensuring timely resolution of any issues, the developer noted.

MAG City is a mixed-use residential community, located in District 7 in Meydan, and features 247 units of studios and one-bedroom apartments, as well as two, three and four-bedroom townhouses. The community features green spaces and landscaped gardens.

Mohamed Moghrabi, MAG Property Development’s Chief Development Officer said, “The development of the bespoke community app comes as part of MAG’s efforts to streamline and simplify the move-in process and to create a seamless and integrated system for submitting any requests pertaining to their property.

“This innovative app represents a significant step forward in smart living solutions, setting a new standard for residential property management. As the UAE real estate sector continues to evolve at pace, MAG, in partnership with HITEK, remains at the forefront, delivering technology-driven solutions that enhance quality of life and operational efficiency,” added Aijaz.

The app’s functionality extends to providing detailed payment histories, reminders, and the ability to offer feedback on completed tasks. Residents can access insightful dashboards and reports, supporting more efficient management of their services and expenses, the developer explained.

HITEK also implemented advanced data protection measures and secure transaction protocols to safeguard user information and financial data. The app also features 24/7 customer support, ensuring that help is always at hand for residents. Community engagement is another key aspect of the app, with features that keep residents informed about local events and activities, as well as providing forums for discussion and interaction with neighbours.

To deliver the home maintenance services, MAG has engaged Farnek group’s leading home maintenance company Hitches & Glitches.

For property managers, the app includes a dedicated portal offering a comprehensive dashboard of all AMCs, customers, and tasks, promoting transparency and efficient management. H&G will also support residents and management, during the initial DLP, to ensure that properties are finished on time and to the highest quality.

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IMAN Developers has on-boarded Versace Ceramics for One Sky Park, a mixed-use development in Jumeirah Village Circle (JVC) and said it will use exclusive Versace Ceramics tiles in the community. One Sky Park will feature Versace Ceramics in apartments, lobby and common areas, elevating urban living by blending fashion-forward design with luxury and functionality, the developer said.

The development comprises two towers—Tower A and B with 26 and 37 floors respectively, with a mix of studios, one to three-bedroom apartments, and penthouses.

“We are pleased to onboard Versace Ceramics to create a living experience that that combines art and architecture. As the first branded residence in JVC, with every unit featuring designs from Versace Ceramics, this development reflects our vision of creating spaces that combine cutting-edge design with timeless art. We are confident that One Sky Park, featured by Versace Ceramics will captivate those who are passionate about fashion and luxury, offering an unmatched lifestyle experience,” said Ismail Marfani, Chief Executive Officer of IMAN Developers.

Salim Rifai from Verrsace Ceramics noted, “At Versace Ceramics we pride ourselves on creating iconic designs that stand the test of time. Our agreement with IMAN Developers for One Sky Park represents a perfect synergy of our shared values in luxury and innovation. We are eager to see how this partnership will transform the landscape of high-end living.”

The project offers a diverse range of premium amenities, including Sky fit gym, multiple fitness and wellness centres, and the Sky Deck, a social hub with panoramic views of Dubai’s skyline. Residents can enjoy an infinity pool, hammock park, yoga deck, kids’ splash pad, padel and basketball courts, an outdoor cinema, forest trail, and zen garden. Indoor amenities include a multi-purpose hall, games room, and an indoor kids’ play area.

The use of premium materials such as porcelain floor and wall tiles from Versace Ceramics and Stone Grey Frozen Wood throughout every unit underscores the development’s commitment to sophisticated design and luxury.

Scheduled for completion in the fourth quarter of 2027, One Sky Park will incorporate sustainable practices and green building certifications to ensure an eco-friendly living environment, aligning standards of quality and environmental responsibility.

One Sky Park represents a significant leap forward in Dubai’s luxury real estate market. The project embodies IMAN Developers’ mission to set new benchmarks in residential living by creating extraordinary spaces that blend high fashion with everyday comfort.

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Meraas has announced the launch of more than 200 new homes at its standalone villa community, The Acres, in Dubai. With more than half the community sold in the initial release, the latest launch will continue to supply the strong demand for landscaped developments, where there is a clear focus on quality of lifestyle and proximity to nature, the developer said.

The Acres is in a tranquil setting, nestled in the heart of Dubailand; it comprises 1,200 contemporary-designed three to seven-bedroom villas, with the bespoke homes featuring open plan layouts with double-height living spaces. Panoramic floor-to-ceiling windows let in natural sunlight, while every home also features expansive rear gardens and dedicated outdoor rooms.

The Acres’ new release involves more than 200 additional units of three-, four- and five-bedroom villas.

Khalid Al Malik, Chief Executive Officer, Dubai Holding Real Estate said: “The overwhelming response to The Acres’ first release is a testament to our vision of creating vibrant, community-focused destinations that nurture a sense of belonging and well-being. The new launch builds on this momentum as we expand our unique offerings with innovative spaces that foster a connection with nature and set a new standard for refined living in Dubai. The latest release will continue to prioritise energy efficiency and water conservation, reinforcing our environmental stewardship and unwavering commitment to sustainability.”

Meraas is committed to achieving LEED Community certification for The Acres and the community is designed with this aspiration in mind. With well-insulated buildings, smart controls, high efficiency systems and lighting, The Acres aims to achieve an 80% reduction in greenhouse gas emissions per capita, compared to the national average.

The Acres is designed to use 33% less water than the UAE average and meet 100% of irrigation demand through treated wastewater. In addition, water saving fixtures, efficient irrigation systems and low water plants ensure that the residents are also part of the sustainability journey.

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The world is changing fast, and so are the rules of luxury. Today’s ultra-wealthy aren’t just looking to buy the best; they want experiences that redefine opulence. So, what does luxury really mean in this new era?

New answers are emerging in the Gulf region, notably in Dubai, where sky-high ambitions have transformed the city into a playground for the ultra-wealthy. With every super-luxury project that launches, the bar for opulent living is raised higher. It’s a city where hotel-style amenities are the new normal, and residents expect nothing short of perfection.

Gone are the days when golf courses and beach access were the only luxury perks. Today’s high-end developments offer a wide range of new amenities. Private pools, once a penthouse privilege, are now standard fare. From wellness spas to business centers, developers are pulling out all the stops. Even the interiors are world-class, with show kitchens and chef kitchens becoming essential for the modern luxury dweller.

The Gulf has become a magnet for the super-rich, and Dubai in particular is experiencing a luxury property boom, with high-net-worth individuals expected to invest over $4.35bn this year.

Luxury serviced residences are no longer just about valet parking and a helpful concierge. Today’s discerning residents expect a level of pampering akin to a five-star hotel. From personal shoppers and trainers to gourmet dining experiences, these residences offer a lifestyle that rivals the world’s most exclusive resorts.

Dubai is a magnet for part-time residents seeking a luxurious lifestyle. To enhance their experience, they are willing to pay a premium for personalised services, especially those that are difficult to find in their home countries.

Developers and brand partners are constantly researching global trends to understand what luxury means in the Gulf. They’re known for exceeding expectations and delivering exceptional experiences.

While other regions might hesitate to invest in extravagant luxury developments, the Gulf embraces big and bold. Developers here understand that offering residents a self-contained world of luxury, accessible at their fingertips, is the key to success.

The focus is shifting towards creating complete living experiences, with communities offering everything residents could possibly need just one call away, or available through an app. From beach and marina living, to golf, schools, medical, and retail, plus family and pet friendly facilities. The ultimate goal is to create environments so immersive that residents will have little reason to venture outside.

Dubai is pushing the boundaries of luxury living. Partnerships like Bugatti and Binghatti are creating extraordinary living spaces, such as private car lifts to higher floors and penthouses.

Smart home technology is fast becoming a standard, and despite Dubai’s low crime rate, advanced security systems still play a role in enhancing peace of mind.

Sustainable living and green technology are now key components of luxury living. Intelligent sensor lighting, efficient climate control systems and solar power are important for frequent travellers who want their homes to remain in pristine condition, especially in the summer heat.

Luxury villa communities are prioritising green spaces and sustainability. Dubai’s focus on urban living is driving the creation of oasis-like environments with lagoons and even nature reserves.

Beyond playgrounds and pools, residents now crave nature-inspired living. Developers are focusing on wellness by offering extensive sports facilities and creating environments that promote overall wellbeing

Many luxury projects follow the lead of Masdar City in Abu Dhabi, with an emphasis on energy and water sustainability through higher grade construction materials and the use of smart technology.

Today, homes are more than just living spaces; they are lifestyle destinations. The value of a development is no longer determined solely by location or size, but by the overall living experience it offers.

Dubai’s reputation for luxury living is driving intense competition among developers. To stand out, they’re constantly raising the bar on amenities and experiences, creating a city where residents enjoy an unparalleled quality of life.

The challenge for developers lies in constant innovation. Finding unique selling points and exclusive partnerships is key to standing out in a crowded market. Effective marketing is crucial to attract the right buyers to these one-of-a-kind projects.

Sustainability and profitability are other key factors. Maintaining luxury amenities and services can be costly and ensuring service charges cover these expenses is crucial. Some high-end features might be difficult to justify if they’re underutilized.

In terms of opportunities, the UAE is one of the safest places on earth for any high net worth individual. So, developers focused on luxury know there will be consistent demand for the latest luxury experience. The future for the region’s luxury real estate market remains bright.

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Sobha Realty has announced the execution of a tap into its existing sukuk on 10 September 2024. This latest tap is an extension of the Developer’s inaugural sukuk issuance of US $300mn, which took place in July 2023 and currently has an outstanding balance of $270mn. This sukuk was listed on both the London Stock Exchange (LSE) and NASDAQ Dubai.

With the completion of this tap, Sobha Realty’s total sukuk issuance now stands at $500mn. The tap adheres to the existing sukuk terms, preserving the conditions and ensuring continued stability for the company’s investors, the developer said.

Sobha Realty’s sukuk led to price tightening of 95 basis points, highlighting strong demand from both regional and international investors. 25% of the interest came from global sources, reflecting strong confidence in Sobha Realty’s financial instruments.

Sobha Realty appointed Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, Sharjah Islamic Bank, and Standard Chartered Bank as Joint Global Coordinators, Joint Lead Managers, and Bookrunners for this transaction. Their commitment is instrumental to its success.

The company also acknowledged Clifford Chance and Dentons for their exceptional legal counsel, which provided critical guidance throughout the transaction. Additionally, Grant Thornton’s role as auditors was ensuring the integrity and transparency of the process.

This announcement follows recent upgrades from credit rating agencies. Standard & Poor has upgraded the developer’s rating from BB-/Positive to BB/Stable, while Moody’s has upgraded its sukuk rating from Ba3/stable to Ba2/stable. These upgrades reflect strong financial results, including substantial EBITDA growth, a larger revenue backlog, and improved EBITDA margins, the developer outlined in its statement.

Sobha Realty said it is confident this strategic move will further fortify its financial position and reinforce trust with its stakeholders.

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Mubadala Energy announced two significant milestones in its Andaman exploration activities. The company together with Harbour Energy has been awarded the Central Andaman license (Harbour 60% operated interest, Mubadala Energy 40%) by MIGAS, the Indonesian oil and gas regulator as part of the recent Indonesian licensing round. The achievement strengthens Mubadala Energy’s growth strategy in the Andaman Sea, providing added potential in the basin.

In addition, Mubadala Energy has also confirmed the successful and safe completion of the South Andaman drilling campaign, with the appraisal of the Layaran discovery. The exploration and appraisal campaign, which included Layaran-1, Tangkulo-1, Layaran-2 and Layaran-2ST1 in South Andaman, demonstrated the multi-TCF potential of the Andaman Sea basin. The exploration and testing activities harnessed advanced technology and deep-water capabilities to ensure an efficient and safe drilling campaign, the firm said.

“The successful bidding for the Central Andaman block is an important strategic development that will unlock further potential opportunities. Capitalising on our operational capabilities and deep understanding of the basin we are well positioned to realise the potential of South and Central Andaman and look forward to working with our partner and government stakeholders to develop these projects,” said Adnan Bu Fateem, Chief Operating Officer, Mubadala Energy.

Abdulla Bu Ali, President Director, Indonesia, Mubadala Energy added, “We are delighted to have concluded this drilling campaign successfully while maintaining safe operations. The results are not only a win for our team, but also an important milestone for our company that will support Indonesia’s energy transition and energy security priorities.”

This campaign in South Andaman and Andaman II has enabled Mubadala Energy and its partners to confirm significant in-place discovered resources, which is potential to play a vital role in the Indonesian and Southeast Asian energy landscape. The company is actively forming a strategy to develop these resources into production as quickly as possible.

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Sankari in partnership with IHG Hotels & Resorts has announced plans to launch the world’s first Regent Residences in Dubai. The project is a twin-tower managed residential development that has been designed by Foster + Partners.

Regent Residences Dubai – Sankari Place will be built in Dubai’s Marasi Marina neighborhood and will feature 63 residences as well as ten floating homes. The project is said to mark a significant milestone for both Sankari and IHG, being the first Regent-managed standalone residential project of its kind, set to transform the definition of luxury lifestyle. “The best talent from the industry has been brought together to deliver on the Sankari family’s vision,” says Mark Phoenix, CEO of Sankari.

The waterfront peninsula aims to offer residents unparalleled views of Dubai Creek and Downtown Dubai, providing a blend of serenity and urban convenience. The concept of Sankari Place is designed to create an exclusive living experience, with amenities and services that cater to the refined tastes of modern luxury homeowners, the firm noted in a statement.

Mohammed Sankari, Chairman of Sankari notes, “Sankari Place is deeply significant to me and my family. This development is more than just a project; it is the foundation of a legacy we are building in honor of my father. It embodies our family’s commitment to excellence and innovation in real estate, and we are proud to see our vision come to life in such a prestigious location.”

Dr. Sankari, Founder and Chairman of Sankari explains, “This flagship project is a testament to our vision of creating developments that leave a lasting impact. We are committed to building a legacy that holds value and demands respect, and our collaboration with IHG on Regent Residences Dubai – Sankari Place is a significant step towards realising this dream.”

The Regent brand is known for properties such as the Carlton Cannes, a destination for Hollywood stars and the global elite. Regent Residences Dubai – Sankari Place will be the first standalone residential flagship project developed from inception. This project marks the beginning of Regent’s vision to develop their branded residences footprint in the region.

Haitham Mattar, Managing Director, India, Middle East & Africa, IHG adds, “Regent Residences Dubai – Sankari Place represents a unique opportunity for IHG to strengthen our offering in the branded residential space in Dubai. We trust our partnership with Sankari will drive forward our success in this remarkable city and are committed to elevating luxury living options for Dubai residents.”

The project will feature private swimming pool and outdoor living spaces. Residents will have access to health and fitness centres, a golf simulator, a cinema, and gaming room, tennis and padel courts, while lovers of fine dining can enjoy a private dining room, cigar lounge, and cellar. The development also includes a business lounge, spa and a residents’ lounge, the firm explained.

Mark Phoenix of Sankari concludes, “We are thrilled to partner with IHG, a world-renowned industry leader, to bring this vision to life. This collaboration sets the stage for a state-of-the-art residential complex with the highest service standards in the UAE, offering owners and residents an exceptional hospitality experience in their homes. We proudly introduce this area as Sankari Place.”

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Source: MEConstructionNews

Trimble has announced that the 2024 edition of its Connected Construction Conference will take place at the Museum of the Future, Dubai on 30 October. The conference will explore how technological advancements are shaping and revolutionising the way the built environment thinks, plans and builds, Trimble confirmed.

Some of the key topics are: data management in construction; future trends and emerging technologies; connected construction; resilience and adaption challenges; digital transformation, and will explore how Dubai’s ambitious projects and cutting-edge practices are setting global benchmarks in construction innovation.

The conference will bring together over a dozen key personalities from across the regional built environment, in addition to senior figures from Trimble’s regional and global teams.

The event will be chaired by Paul Wallet, Regional Director for the Middle East at Trimble, with speakers from ALEC, Group AMANA, Ramboll Middle East, AtkinsRealis, Buro Happold and others scheduled to participate.

The event is free to attend for construction professional, however registration is mandatory. Click here to register.

The conference is expected to kick-off at 9am and conclude by 5pm, Trimble confirmed.

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The Abu Dhabi Investment Office (ADIO) in collaboration with the Abu Dhabi Department of Education and Knowledge (ADEK) and led by Plenary Group and BESIX Group, inaugurated three schools in Abu Dhabi’s Zayed City. Completed on schedule and within budget, the project has significantly enhanced Abu Dhabi’s educational landscape by ensuring additional capacity for 5,360 students, from kindergarten to Grade 12, for the 2024-2025 academic year and beyond, said a statement.

The newly inaugurated educational facilities represent the first time that school infrastructure has been developed in the UAE under a public-private partnership (PPP) model. ADEK’s role was to ensure the project met the standards of design, material and equipment selection. Through the active coordination of various entities, the project was delivered successfully, in line with operational expectations.

As the first educational facilities delivered through ADIO’s PPP framework, the project aims to elevate the standard of educational facilities in the emirate and serve as a model for increased private sector participation in the delivery and financing of public infrastructure across Abu Dhabi.

Yaser Al Nuaimi, Acting Head – Infrastructure Partnerships at ADIO said, “The Zayed City Schools project exemplifies the transformative power of public-private partnerships in realising Abu Dhabi’s future-focused infrastructure development. By leveraging private sector expertise in design, construction, and financing, we’ve created world-class educational facilities equipped to empower students with the learning spaces they need to reach their highest potential. This success paves the way for further collaboration, offering our private sector partners unprecedented opportunities to contribute to Abu Dhabi’s sustainable growth while capitalising on long-term investment returns.”

Dr. Tareq Al Ameri, Assets and Facilities Office Director at ADEK stated, “The inauguration of Zayed City Schools marks a significant milestone in our mission to provide world-class education in Abu Dhabi. This project not only empowers more students to access quality education, but also highlights the importance of public-private partnerships in realising Abu Dhabi’s ambitious educational goals. We remain committed to this journey, ensuring that every student in the Emirate has the opportunity to learn and succeed in an environment that fosters innovation and excellence.”

“As a key partner in the Zayed City Schools project consortium, BESIX/Plenary is proud to contribute to a project that embodies a visionary approach to infrastructure development. This strategic collaboration leverages the strengths of all partners to set new benchmarks, highlighting the transformative impact of uniting powerful government and private entities to drive innovation and development,” explained Mohamed Badr El Din, General Manager at BESIX Plenary Education Properties Development (BESIX Plenary Consortium).

“The Zayed City Schools PPP project stands as a testament to the true spirit and success of public-private partnerships. This achievement, delivered on time and within budget, marks the beginning of a long-term relationship that will extend throughout the operation phase. It showcases the power of strong collaboration between the public and private sectors in shaping a brighter future. By merging public interests with private sector innovation, we are creating sustainable solutions that meet the needs of future generations and inspire new hope,” El Din added.

This initiative aims to increase private sector participation and foreign direct investment, enhance accountability and efficiency in public asset management, develop long-term collaborations between government and private entities, and provide investors with access to lucrative concessions.

BESIX and Plenary are the private sector partners in the Zayed City Schools PPP Project. Plenary is an independent investor, developer, and manager of public infrastructure, with over US $56bn in public-private partnerships, local development, and asset management, delivering infrastructure. Building on this success, ADIO is advancing other PPP opportunities, including the development of student accommodation facilities in partnership with Khalifa University of Science and Technology.

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Source: MEConstructionNews