Azizi Developments’ Azizi Central Reaches 35% Construction Milestone
Azizi Developments, a leading private developer in the UAE, has announced that the construction of Azizi Central, its contemporary residential development in Al Furjan, isnow 35% complete, withthe handover scheduledfor Q4 2025. Work on-site continues to move swiftly, with structural elements and blockwork now at 99% and 64%respectively. Internal plastering stands at 40%, while HVAC and MEP installations are at 24% and 36%. Overall finishes have now reached 14%.To keep the momentum, manpower has been expanded to 504 workers. Mr. Farhad Azizi, Group CEO of the Azizi group of companies, said: “We are pleased with the pace and quality of work at
Clédor Signs Landmark Agreement To Bring The First Arthouse Hotel NYC Branded Residences To The UAE, Valued At AED400mln
In a significant move set to bring Manhattan's creative legacy to the Middle East, Clédor, a premier real estate development management company, has officially signed a partnership agreement with Arthouse Hotel, NYC. Coming to the iconic Al Marjan Islands in Ras Al Khaimah, Al Marjan Arthouse, valued at AED 400 Million, will be the brand's first residences outside of the USA. With a project development pipeline valued at over AED 2.1 billion, Clédor continues to make bold strides in reshaping the region’s real estate landscape. These branded residences are part of Clédor’s vision to deliver high-yield, design-forward communities that offer 150%+
SOHBA Hospitality Management Debuts At Arabian Travel Market 2025 Strengthening Egypt’s Hospitality Sector With Bespoke Solutions
Marking a new chapter in the regional hospitality landscape, SOHBA Hospitality Management announced its official formation and launch today at the Arabian Travel Market (ATM) 2025 in Dubai. Established with a passion for operational excellence and authentic guest experiences, SOHBA Hospitality Management specialises in bespoke hotel management solutions, offering owners a dynamic and flexible pathway to long-term success. Headquartered in Egypt, SOHBA Hospitality Management has been founded with a strong focus on supporting tourism development across Egypt while building a robust growth pipeline in key GCC markets, including Saudi Arabia and the United Arab Emirates. According to Egypt's Ministry of Tourism and Antiquities, Egypt
MAG Signs Strategic Partnership With Multibank Group To Tokenize $3 Billion Real Estate Assets
MAG, the leading real estate developer in the UAE has signed a historic $3 billion tokenization agreement with MultiBank Group, the world’s largest financial derivatives institution based in Dubai, and Mavryk, a leading blockchain innovator—marking the largest real-world asset (RWA) tokenization initiative globally to date. The initiative highlights the imminent launch of $MBG, the utility token at the core of MultiBank’s next-generation digital finance ecosystem. The partnership will bring MAG’s high-value real estate developments — The Ritz-Carlton Residences, Dubai, Creekside, which is part of the Keturah Resort, and Keturah Reserve — onto the blockchain, making them available to global investors via