Friday, March 23, 2018 8:46 AM

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Yardi manages 500,000 units in the Middle East

Yardi Systems, a Santa Barbara, California-based real estate solutions provider, which serves more than 20,000 clients across 80 countries from offices in Australia, Asia, the Middle East, Europe and North America, has acquired 500,000 units under its property management solutions across the Middle East, a senior official said.


Sharjah Waterfront City announces 65% sell-out of Sun Island villas; offers up to 5% discount at Acres Exhibition

Sharjah Oasis Real Estate Developments, developer of Sharjah Waterfront City – the largest mixed-use master-planned waterfront community in the emirate of Sharjah, announces that 65 percent of its Phase I – 321 villas on Sun Island – has been sold out due to high demand and affordable pricing.


Dubai Investments, consortium of investors to launch Arkan Bank with paid-up capital of US$100 million

Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market, has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of US$100 million. The authorised share capital of Arkan Bank will be US$ 500 million.


Shurooq and Diamond Developers to build Sustainability Project in Sharjah

Sharjah Investment and Development Authority (Shurooq) and Diamond Developers, a leading Dubai-based company specialised in developing sustainable environmental projects, will build a large mixed-used project in Sharjah. The implementation of the green project aligns with Shurooq’s vision to strengthen strategic partnerships with the private sector, giving a strong boost to the drive of economic diversification in the emirate.


Damac issues Enabling works tender for its Vera Residences tower in Business Bay

Damac Properties has issued a new tender for enabling works on its Vera Residences, a luxurious 30-storey tower in the heart of Business Bay, with elegantly appointed interiors, world-class amenities, and breath-taking views of Dubai Canal.


Start-ups in MENA expected to raise US$1 billion in 2018

Startup funding worth more than $1 billion is likely to be raised in the UAE this year, according to Arabnet, an online hub for digital professionals and entrepreneurs to connect and learn, which could push up the start-up sector that gears up for the region’s largest mega start-up event – the three-day AIM Startup that takes place at Dubai World Trade Centre from April 9-11, 2018.


Sharjah Waterfront City: Miami of the East

Sharjah Waterfront City, the Dh25 billion beachfront mixed-use master-planned community that will host 60,000 residents, 95 towers, 1,500 villas and townhouses, a large regional shopping mall and a water theme park spread on eight natural islands, has started the construction of the Phase 1 of the massive project.


Azizi Developments to start constructing Dh3 bn 122-storeyed skyscraper in Dubai

Azizi Developments, one of the leading private developers in the UAE, said it will start constructing a Dh3 billion mixed-use 122-storeyed tower that will rise to 570 metres tall on Sheikh Zayed Road in the third quarter of 2018.


Dubai pushes ahead Smart City projects

Two UAE cities – Abu Dhabi and Dubai – are leading global rankings in the Middle East on a number of indicators that reflect that both the cities are ahead of others to become smart cities. Abu Dhabi ranked 64th while Dubai ranked 66th in the IESE Cities in Motion Index 2017 and becomes the top two cities in the Middle East ahead of others in the smart cities ranking.


St. Kitts’ citizenship by investment demand jumps to 250% after new 50% slash in investment amount

Demand in immigration business jumps to 250 per cent – the highest in the world – due to the devastating impact of the 2017 hurricanes in the Caribbean that have created a need for funds to re-build the devastated areas, create new jobs and put the economies back on track.