In the latest episode of Marketplace Middle East, CNN's Eleni Giokos visits one of the world's biggest international property shows in Cannes. For more than three decades MIPIM – the world's leading real estate market event – has brought together governments, real estate experts and developers to showcase some of the most exciting trends and projects shaping the industry. When it comes to big investments, the Middle East is taking centre stage. Saudi Arabia's Assistant Deputy Minister of Investment Fahad Alhashem, gave Giokos a glimpse of what is in store for the future, "I think the story of the Saudi social reform is quite a magnificent

IRTH, a prominent Dubai-based real estate developer, launched a special initiative for its network of agents in line with its ongoing corporate social responsibility efforts. On behalf of its extensive network of agents, IRTH donated One Million AED to the Emirates Red Crescent, particularly to their Tarahum for Gaza initiative. Departing from its tradition of hosting special events for agents and partners, IRTH redirected its focus towards supporting the people of Gaza, impacted by the current humanitarian crisis. Numerous donations were contributed to the Emirates Red Crescent foundation in support of humanitarian efforts. With a commitment to solidarity and compassion, IRTH

Central Park Towers, the esteemed office and event destination in Dubai International Financial Centre (DIFC), proudly announces the launch of Fitted Offices - Level 2, a significant addition to its portfolio of premium office spaces. Scheduled for unveiling this month, this new offering continues Central Park Towers' commitment to delivering unrivaled quality and convenience to businesses in the heart of DIFC. Building on the success of Fitted Offices - Level 1, Fitted Offices - Level 2 comprises 15 meticulously designed units, ranging from 1,000 to 2,755 square feet, catering to a diverse range of business requirements. At the core of this

Dubai, United Arab Emirates: SAAS Properties, an emerging property development group with a strong ethos of providing communities with breathtaking properties in exclusive locations which reflect a refined lifestyle, excellence and quality, has revealed an impressive portfolio of projects. Currently under development includes the SAAS Tower in Business Bay, Dubai and the high-end Reem Island series in Abu Dhabi. SAAS Business Bay, Reem Five and One Reem Island are all set to launch within the coming months, with Reem Nine launching towards the end of 2022. Further projects are in the design phase that are set to roll out across

UAE visionary property development group, SAAS Properties, has announced its recent agreement with Sonder Holdings, a leading next-generation hospitality company, to operate 401 units of its SAAS Tower in Business Bay, Dubai. Through its agreement with Sonder, the turnkey property will strategically deliver units featuring high-quality materials and amenities to provide a resident-focused lifestyle in the heart of the city. The recent agreement will see a long-term commitment with Sonder whereby the leading next-generation hospitality company will offer serviced apartments for daily, weekly, or monthly stays. SAAS Tower in Business Bay, situated across from the iconic Burj Khalifa, contains 401 fully-furnished

Hussain Sajwani, Chairman of DAMAC Group, expressed his deepest condolences following the announcement of founder Roberto Cavalli’s death on Friday, April 12th 2024. “We extend our heartfelt condolences to the family and friends of Roberto Cavalli. We remain committed to honouring the legacy of the Robert Cavalli Maison and the vision of its iconic founder, through our efforts to reinforce the brand’s heritage and aesthetics and through our ventures across retail and real estate developments.” Roberto Cavalli rose to fame in the 1970’s with the likes of celebrities Sophia Loren and Brigitte Bardot who wore his vivacious prints and luxury designs –

Embracing the spirit of community service during the Holy Month, DAMAC Properties, a leading luxury real estate developer in the UAE, collaborated with the Roads and Transport Authority (RTA) to distribute around 8,000 iftar meals and 3,000 gift boxes to on-ground staff in its communities, construction sites and selected RTA location across Dubai. The ‘DAMAC Alkhair’ Ramadan initiative led by the homegrown property developer is part of its ongoing commitment to philanthropy and community engagement. With the assistance of more than 100 volunteers, the provision of meals and gift boxes to diligent ground staff across Dubai during iftar highlights the compassion

Sobha Group, a leading global luxury real estate developer, announced setting up Sobha Furniture’s second factory by signing a land lease agreement with Dubai Industrial City (DIC), the region’s leading industrial hub, to build a facility approximately valued at AED 450million. The state-of-the-art factory is set to be the largest fully automated facilities in UAE. The new facility marks a significant advancement for Sobha Group, as they began in 1976 as a furniture-making and interior designing business in Oman, it has the deep-rooted expertise within the industry. With such a rich history and legacy, establishing Sobha Furniture’s factory in Dubai Industrial

Leading real estate developer, DAMAC Properties has awarded UAE-based firm, Royal International Contracting (RIC) a new contract of AED 240 million, for main works for a new cluster in DAMAC Hills 2. The scope of work includes the construction of the main works package for 526 townhouses located within the thriving 55 million sqft master community of DAMAC Hills 2. The announcement marks another in a long list of contracts awarded for the master community and is a testament to DAMAC’s commitment to delivering a truly well-rounded and high-quality living experience for residents. “With the appointment of RIC, we are well on track

In the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Vice Chairman of the Board of Trustees of Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), Azizi Developments announced a donation of AED600 million for the development of an endowment education complex. The donation is part of the Mothers’ Endowment campaign launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The campaign seeks to honour mothers by establishing an AED1 billion endowment fund to provide sustainable support for the