Hong Kong surpassed Tokyo as the most expensive city to build anything in Asia, as a post-pandemic labour shortage exacerbated the scarcity of skilled workers in an ageing society, inflating construction costs. The city’s average building cost this year is projected to rise by 4.8% to US$4,500 per square metre, according to a survey by the UK-based property consultancy Turner & Townsend. That places Hong Kong in the ninth position out of 91 global cities, behind first-place New York at US$5,723 per sq m and San Francisco in second spot at US$5,489 per sq m, according to the survey.
Hong Kong is not alone with the scarcity of skilled construction workers. A total of 72 markets, or 79.1% of the cities surveyed, reported labour shortage. Macau, less than an hour’s boat ride from Hong Kong, is in 12th place globally as a 3.5% inflation is likely to push the city’s construction cost to US$4.269 per sq m. “In 2024, we are seeing consistent trends across Asia in response to China’s economic slowdown,” Turner & Townsend’s Asia Head of Real Estate Sumit Mukherjee said, adding that this year’s global construction cost is expected to be inflated by 3%. “The shift to nearshore more manufacturing, to neutralise the impact of China’s slowdown, is creating significant growth and opportunities as other Asian markets invest in sectors like advanced manufacturing.”
In 2024, we are seeing consistent trends across Asia in response to China’s economic slowdown. The shift to nearshore more manufacturing, to neutralise the impact of China’s slowdown, is creating significant growth and opportunities as other Asian markets invest in sectors like advanced manufacturing.
Sumit Mukherjee, Asia Head of Real Estate, Turner & Townsend
Hong Kong’s government has long recognised the ageing problem in the city’s workforce, and has stepped up its replenishing programme, training more than 24,000 semi-skilled construction workers between 2009 and 2016. That helped to lower the average age in the industry to 46 in 2017, from 50 in 2013. That also helped to stall Hong Kong’s rise in the global rankings. Last year, Hong Kong dropped to 11th position globally just as the city was emerging from the pandemic, from the seventh position in 2022.
Five of the costliest cities to build are in Japan, reflecting how the real estate boom is straining under the nation’s ageing population and longstanding labour shortage. Tokyo is third according to Turner & Townsend’s Asia ranking, followed by Sapporo in Hokkaido Island, Osaka, Hiroshima and Fukuoka in southern Japan.
Chinese Property Market Unpredictable
Mainland Chinese cities languish near the bottom of Turner & Townsend’s global rankings, as a festering real estate crisis has sent the construction industry into a near standstill. Shenzhen, the Greater Bay Area City closest to Hong Kong, is the most expensive mainland location to build. Construction cost in the city of 17 million people is estimated at US$909 per sq m, ranked 83 places globally. Guangzhou, the provincial capital of Guangdong, is in 84th place, followed by Shanghai in the 85 place and Beijing in the 86th spot.
China’s gross domestic product growth is forecast to slow to 4.6% in 2024 from 5.2% last year as the country’s abundant labour force continues to keep costs low, according to the International Monetary Fund. “The Chinese government’s response to its economic challenges is not yet clear, making the future of the market unpredictable and dampening investment confidence,” Turner & Townsend said in the report. “In the construction sector, most Chinese markets remain near the bottom of the overall cost table.”
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The multi-billion-dollar property management space has long needed a software revamp. Many solutions are outdated while others are spread thin to provide
The US Department of Housing and Urban Development (HUD) has announced a partnership with the Department of Energy (DoE) to decarbonise the US
Manchester-based Housr, a student living start-up focused on addressing the housing crisis, has secured £1.5 million (30% of the funding) (€1.75 million), in a
A member of Thailand’s richest family is partnering a Hong Kong-based asset manager to invest in luxury real estate in South-east Asia. Chatchaval
Two hundred bespoke temperature gauges are being strategically positioned across the city of Sydney to accurately measure local heat island effects and help
The first day of World Realty Congress was a resounding success with several industry thespians from various parts of the world sharing their insights on real
SEE Holding, the UAE’s first sustainably focused global holding group aiming to spearhead a net-zero future, and EnerTech, a Kuwait-based innovator,
Digital asset firm Tykhe Capital Group has introduced Hong Kong's first real estate security token offering. Prince Token, a real estate security token
Canada’s first electric-powered fire engine is operating out of Vancouver’s historic Strathcona neighbourhood, claiming several benefits over
Global property advisory firm Knight Frank predicts that private capital from high net worth (HNW) individuals and others will be a “driving force†for Asia-Pacific
The role of the private sector is becoming increasingly important in the practical implementation of climate. Keeping this in mind, the Wilo Group, a prominent
Munjz, the Saudi-based proptech cloud platform, is reshaping the Kingdom’s facility management sector with Munjz Market and strategic partnerships with
Property developers in the Philippines are being urged to explore divesting other assets into real estate investment trusts (REITs) in order to capitalise on more
The buildings that are not environment-friendly could go unoccupied as eco-friendly properties have become a necessity among tenants and property buyers, a
The adoption of cloud-based solutions for physical security is picking up speed as cyber-concerns about cloud security are lessening, finds Genetec’s 2024
Javeria Aijaz, Managing Director of UAE-based technology services company HITEK part of the Farnek Group, joined industry experts to deliver a presentation
A new cohort of cities is joining the Breathe Cities air quality initiative, which aims to reduce air pollution, slash carbon emissions, and enhance public
Singapore sovereign wealth fund GIC has announced that it has acquired two logistics facilities developed by Japanese real estate company Daiwa House
Egyptian proptech start-up Partment, which provides diverse second home co-ownership opportunities, has expanded to Greece following a five-fold increase
Chromatic red, green, blue, yellow and white buildings have cropped up on the corner of River Road and Ferndale Drive in Eugene, Oregon, as the newest
Three of Japan’s biggest developers are “aggressively†shopping for housebuilders to buy in the US as they hunt growth outside their shrinking domestic
Emirates Green Building Council (EmiratesGBC), an independent organisation that promotes and educates on green issues in the built environment, is hosting
The current economic environment is creating challenges for investors and occupiers to make the case for investing in retrofitting and futureproofing their real
Stephen Schwarzman, the CEO of American investment management firm Blackstone, is eyeing investment opportunities as the asset management giant
Three of Japan’s biggest developers are “aggressively†shopping for housebuilders to buy in the US as they hunt growth outside their shrinking
Many of the world’s largest investment firms have launched new funds over the past couple of years aimed at acquiring or building single-family homes to use
More than half of organisations are unprepared for future energy shortages or disruptions despite more than two-thirds agreeing that
As per industry insiders, the coming quarters should continue to provide a good entry point for real estate investments as higher yields will selectively generate
Dutch carsharing operator MyWheels is deploying CloudBoxx from Invers into its latest fleet of shared cars with bidirectional charging technology.
The collaboration aims at enhancing opportunities between the two parties in the field of technological investments
The Indonesian capital of Jakarta on the island of Java is working with Bloomberg Philanthropies and the Indonesian-led climate foundation
DoorFeed, a proptech company founded by veteran entrepreneur and former Uber employee James Kirimy
Europe’s proptech-focused venture capital firm Pi Labs has expanded internationally through the creation of a new Hong Kong outpost.
The real estate sector could offer opportunities for European investors in 2024, according to market outlook. Jessica Hardman
The United Arab Emirates has recorded a 15.3% increase in live IT capacity in 2023, reaching 235.3MW, making it the largest data centre hub in the MENA region
Leading UAE-based smart and green facilities management company Farnek has been granted full accreditation as an Energy Services Company (ESCO)
Tokyo has been crowned Asia Pacific’s most favoured destination for property investment for 2024, reclaiming the title for
Property buying discovery app Soho.com.au has raised $750,000 from Singapore proptech VC Feedback Ventures
The UAE’s journey to net zero has real estate at its heart, and using advancing technology to find ways
The City of Adelaide has endorsed a roadmap to accelerate the shift to electric vehicles (EV) in the city and North Adelaide. Last year, transport emissions
Property technology platforms have exploded across Canada over the past decade, with a steady stream of new additions coming onto the scene every year.
The Oxford City Council is planning to force all new homes and buildings to be constructed as net zero carbon by 2025. It is consulting on its Local Plan 2040
The Abu Dhabi Investment Office (ADIO) has announced plans to support new community market projects to enhance the quality of life for residents in Al
The high cost of entry into real estate assets relative to the GDP per capita has posed a challenge for the average Filipino aspiring to own property. However,
Poland’s capital Warsaw has become the country’s first city to join the Green Cities framework, the European Bank of Reconstruction and Development
The first cohort of senior executives from Musanadah, a leading Saudi-based integrated facilities management organization, have complete a comprehensive
Trimble, a construction technology leader, highlighted a number of noteworthy achievements and initiatives in the company’s latest sustainability report,
Leading e-bike marketplace Upway announced a €27.6 million Series B investment led by Korelya Capital bringing the brand’s total funding to €55.2 million. In
Leading Asian real estate technology company Juwai IQI announced that AG Realty, a prominent Malaysian real estate agency, has joined its network of more
The United Arab Emirates, Saudi Arabia and Qatar are doing the most in the GCC to fight climate change in several key areas despite their fossil fuel dependency, according to a new report that compares government and business sustainability policies, investment and actions across the Middle East and Africa.
Aspern Smart City Research (ASCR), which claims to be Europe’s largest energy research project, is commissioning Siemens to roll out new low-voltage
DocuSign has integrated with the world’s most popular messaging platform, WhatsApp, which will enable smoother, faster real estate deals. The launch of
Dubai Municipality is showcasing pioneering sustainable projects in advanced infrastructure at the Water, Energy, Technology, and Environment Exhibition
Wilo Middle East, the leading pump manufacturer and digital pioneer of the pumps industry in the Middle East, is participating at the Water, Energy, Technology,
Fyma, a London-based start-up using AI and computer vision technology to analyse video feeds for property managers, has raised $2.1m (£1.7m). Founded in
Around 95% of organisations have declared that their business ESG strategies are likely to influence their real estate choices – a clear indicator of the growing
Global emissions, which are continuing to rise by 1.5% a year, must be cut by 7% annually until 2030 to limit global warming to 1.5°C, according to new
The Rental Disputes Center (RDC), the judicial arm of Dubai Land Department (DLD), and Dubai Islamic Bank (DIB) signed a memorandum of understanding
UAE-based smart and green facilities management (FM) company Farnek, has acknowledged its two top suppliers for their commitment to sustainability and a
Legria, the Chilean proptech in the second home market, closed a capital raising of $3.4 million through the fund manager Ameris Capital through private debt.
According to a research done by CommBank, 71% of Australians think features such as solar panels, double-glazed windows and LED lights will boost their
Silkhaus (www.silkhaus.com), a cutting-edge proptech start-up dedicated to revolutionising short-term rentals across the Middle East and Asia, has announced
To capitalise on an ideal environment for the development of solar energy self-supply, Ensol, a Paris-based start-up specialising in photovoltaic equipment, has
A new real estate platform is set to shake up the traditional role of a sales agent, offering vendors the ability to sell their property without paying real estate
Without the implementation of nature-based solutions, in particular ending deforestation and restoring native vegetation, Brazil would jeopardise its Nationally
Jurny, the vertically-integrated provider of AI-powered property management solutions (PMS) for hotels and short-term rentals, has announced a series of
Masdar City, a pioneering sustainable urban community and a world-class business and technology hub in Abu Dhabi, and Oracle joined forces through a
Ryan Mitchell, head of Quality, Health, Safety, Excellence and Wellbeing (QHSEW) at the UAE-based smart and green facilities management (FM) company
The Society of Sustainability and Green Materials (SSGM), a non-profit organisation, has officially launched in the UAE to raise awareness on sustainability,
American software provider CINC Systems has launched new artificial intelligence (AI) features within its apps that give homeowners easy access to critical
The chief executive of Toronto-based Brookfield Asset Management, one of the world's largest real estate owners, said he expects next year to be one of the
The UK’s social rented dwellings have an average energy rating of C, according to data from the Office for National Statistics. The median energy rating in
Luxury property advisory and management firm Rhodium has launched the industry’s first white-label property management service dedicated to the branded
The Chief Executive Officer of Data Science Nigeria, Dr Olubayo Adekanmbi, has charged engineers to leverage artificial intelligence for the development of
Emrill celebrated this year’s ‘Thank Your Cleaner Day’ in cooperation with Kärcher between October 19 and 21 with site visits and an event held at Emrill’s
Munjz, the leading Saudi-based proptech company, has been riding a wave of success. It all set to take part in two prominent property events this month in the
Dubal Extrusion Investment (DEI) UAE has completed the acquisition of Thermalex Inc, an aluminium extrusion company specialising in aluminium multiport
Honeywell has announced that its regional headquarters in Dubai, UAE, is its first office globally to achieve the WELL Health-Safety Rating from the
Middle Eastern business conglomerate Al-Futtaim Group has been announced as the Strategic E-Mobility Partner of the 2023 United Nations Climate Change
2023 has been a record-breaking year for installations of small-scale renewables in Wales, according to data from MCS (Microgeneration Certification Scheme)
Nomad Homes, a software-enabled marketplace for residential real estate across Europe and the Middle East (EMEA), announced that it has closed a $20
The 28th Conference of the Parties (COP28) has left a mark on the global community's commitment to sustainability, and nowhere is this more evident than in
Saudi-based proptech, Ejari announced the closing of a $1 million (SAR 3.75 million) pre-seed round led by Hambro Perks’ Oryx Fund and Sanabil 500 MENA
Keyper, a Dubai-based property technology start-up, has raised $6.5 million in a seed funding round that it will use to expand its operations and geographical
The School of Engineering of the University of Tokyo is working with nine private sector companies from the field of engineering, construction, building services
Qdesq, a flexible workspace marketplace, has secured an undisclosed amount in a fresh funding round from proptech-focused venture capital firm Gruhas.
Dubai Municipality initiated the testing phase of a self-driving electric vehicle (EV) dedicated to cleaning bicycle routes along the beaches of Jumeirah and
Emrill Energy, a division of leading integrated facilities management company Emrill, hosted an energy efficiency workshop for industry stakeholders and
VeriEstate, a Dubai-headquartered app-based property inspection company, is adding a new dimension to real estate transactions by providing prospective
Despite the government’s target to reach net zero emissions by 2050, the UK’s heat pump supply chain is still in its infancy and remains much weaker than in
Khansaheb has teamed up with AJI Rentals to use Ampd Energy’s ‘Enertainer’ to power two tower cranes on its flagship project, Serenia Living
Dubai Government Workshop entered into a cooperation agreement with eSolutions, which is aimed at establishing mechanisms for efficient
Apartool, a leading B2B provider of corporate housing solutions, has announced the closing of a Series A financing round valued at
The First Minister of Wales Mark Drakeford officially opened the first tidal stream energy site of the country. The substation is linked to Morlais
Vilnius, the capital of Lithuania, has been crowned the 2025 European Green Capital in the European Commission’s European Green Cities
Bisly, a start-up that is making it economically feasible to turn any building into an energy-efficient one, has closed a €3.6 million round of
Buildings should be made to work better for social and economic reasons; not just to meet safety and climate change goals, delegates at a
Following a successful 16-year career as CEO and GCEO of Imdaad Group, the leading provider of Integrated Facility Management services in the region,
Regional AI powerhouse Mozn, a leader in enterprise AI technologies, inked a landmark partnership with Astra Tech, a pioneering, UAE-based tech company.
Dubai Land Department’s Rental Dispute Center (RDC) is showcasing its comprehensive and updated digital initiatives during its participation at
Jurny, a leading provider of AI-powered solutions for automating hotel and short-term rental management, released new performance metrics
Musanadah, a leading Saudi-based provider of integrated facilities management solutions, has announced it has successfully renewed HCIS
Javeria Aijaz, managing director of HITEK, a UAE-based technology services company providing smart FM solutions, delivered a keynote
Australian-based Digital Classifieds Group (DCG) has acquired the online property marketplaces in Indonesia and the Philippines in a newly
Cleanco Group, represented by Cleanco services and Cleanco Waste Treatment, created history by breaking a Guinness World
The Florida law known as the "Homeowners' Association Bill of Rights," which was created as a way to improve oversight of the state's HOAs,
The Government of Monaco has adopted a VMware Sovereign Cloud as it seeks to bolster the principality’s data security and confidentiality
Under the patronage of the Ministry of Municipal Rural Affairs and Housing, and in the presence of His Excellency Vice Minister Mr. Ihab bin Ghazi Al-Hashani,
H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, issued Law No.3 for 2023 on regulating joint property
Flyhomes, known for revolutionising the real estate industry, is setting its sights on broader horizons. The company announced the launch of its Partner
Facilio, a leader in the property operations and maintenance software space, has witnessed a 100% increase in demand for its Connected CaFM software, with
Barnsley Metropolitan Borough Council in the north of England has completed a £4m infrastructure and energy upgrade project with cleantech integrator
The Dubai Municipality has launched a comprehensive development plan for community labourer’s markets in the labour zones within Dubai. The plan
FlexCapital, a service offered by Texas-based Quext Financial, was officially launched recently. Developed as a streamlined technology equipment leasing
The global market for technology serving the real estate market, or proptech, is estimated to grow from US$18.2 billion in 2022 to US$86.6 billion in 2032,
Property maintenance services provider mplus has launched total commercial kitchen maintenance solutions as part of the company’s ongoing commitment to
Apleona, a leading European integrated FM company based in Neu-Isenburg near Frankfurt (Main), has acquired a stake in Eastway, an Irish firm specialising
Indian realtors’ apex body CREDAI will help over 13,000 builder members in adoption of technology solutions in real estate projects, enabling them to reduce
Imdaad, one of the leading integrated facilities management companies in the region, has secured a major three-year service contract from the Sports City
Berlin has announced that it is expanding its funding programme for the balcony power plants. For this small-scale use of solar energy, owners of owner-
EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing, and supply of water and electricity
A programme of 100% clean energy bus routes, 100% Zou!, has been launched in the coastal city of Antibes in south-eastern France on the Côte-d’Azur, which
Australian digital property exchange platform PEXA is set to acquire UK-based e-conveyancer, Smoove, in a $58.6 million (£30.8 million) deal. Set to close in
Scotland showcased its latest innovations and solutions for energy transition, decarbonisation, and offshore wind and wave energy at ADIPEC in Abu
Newcastle, in the north east of England, has announced plans that will see the entire city become a Smoke Control Area (SCA) to improve air quality and
YAEMCO has been awarded the Integrated Facilities Management (IFM) contract for the one-of-a-kind shopping destination – the Art of Living Mall in Dubai.
Leading Saudi integrated facilities management organization, Musanadah, has announced that it has been granted the Institute of Asset Management (IAM)
Fundrise, known for its real estate investment platform, launched its Innovation Fund last year with the goal of offering access to venture tech investments for
Not nearly enough homes are being insulated in London for the capital to meet its 2030 net zero target, it has been claimed. A report by the Greens at City Hall
ENBD REIT (CEIC) PLC, the Sharia compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced that Dr
Global climate-resilience solution specialist Sesame Solar has committed to donate four mobile nanogrids to Ukraine to provide off-grid renewable
KKR, a leading global investment firm, announced that it has completed the sale of over 5 million sq ft of industrial warehouse and distribution properties for a
Novo, a Berlin-based proptech start-up, has announced a €1 million pre-seed funding round to speed up the decarbonization of real estate at scale. The round
Veolia, a leading ESG company, in partnership with Kingston Council is rolling out 27 new electric collection vehicles to provide a cleaner, greener, and quieter service for residents
Dubai Municipality has achieved a remarkable global distinction securing first place at the Global Benchmarking Award 2023
Pioneering property portal Bayut has further revolutionised the hunt for a new home or real estate investment by leveraging the latest artificial intelligence technology.
International consultancy ValuStrat has expanded its valuation services in Qatar with new lines of business. Since its arrival in Qatar a decade ago, ValuStrat
Real estate developers in the UAE and rest of the world could extend their profit margin in high-rise buildings by up to between 25-40% of the total value of the
Mayor Michelle Wu has announced a pilot programme to decarbonise Boston’s housing stock by offering grants to support electrification. The Healthy and
UK-based facilities service provider, Pareto, has formally entered the European and North American facilities management market. The move into these new
Muna Al Nahdi, Head of Sustainability & Consultancy at leading UAE-based, smart and green Facilities Management (FM) company Farnek, has been
Artificial Intelligence (AI) has increasingly put its stamp on technology on recent years and will likely do the same for the commercial real estate (CRE) industry,
Salik Company P.J.S.C., the Emirate of Dubai’s exclusive toll gate operator, has relocated to a new eco-friendly office at Festival Tower, underscoring its
The Eklund | Gomes Team at Douglas Elliman has taken AI adoption to the next level with the launch of Maya, an AI real estate expert. Maya utilises property
Danube Home, the home improvement and furniture retailer, announces the launch of its highly anticipated ‘Garden’ collection. The grand unveiling of the ‘My
With its latest acquisitions, Canadian asset management firm has surpassed $5 billion in assets under management, with continued growth on the horizon.
Two-thirds (66%) of UK respondents would support a New York-inspired ‘brown tax’ to help decarbonise commercial buildings exceeding set emission limits,
The Royal Institution of Chartered Surveyors (RICS) has launched the second edition of ‘Whole Life Carbon Assessment for the Built Environment’ (WLCA)
For the first time, a formal local climate action summit will be held at the Cop28 climate change conference this year in Dubai. Hosted by the Cop28 Presidency
qbiq, a visualisation platform using GenAI for real estate space planning, has announced that it has raised $10 million in seed from strategic investors including
EV charging company Mer is installing charge points at more than 100 of Knight Frank Investment Management’s (KFIM) client-owned sites. Following an in-
The city of Toronto has issued a $100m green bond to help finance transformative climate action projects. The transaction is a reopening of the green bond
Global asset manager PGIM Real Estate has increased its exposure to rental residential in Asia Pacific and Australia. In China, the firm has entered a
UAE based proptech start-up Silkhaus, dedicated to revolutionising short-term rentals across Asia, has announced the appointment of Sabine El Najjar as the
Munjz, the Saudi-based proptech cloud platform, has announced its strategic partnerships with six regional industry giants. The signings took place at the Cityscape Global Exhibition
Orange Business has signed a deal with the King Abdullah Financial District Development & Management Company (KAFD DMC) in Saudi Arabia to design, build and run a smart city
Global sustainable buildings specialist Johnson Controls is collaborating with telecom major BT Group to help clients benefit from smart technology to digitally
FoxyAI, a proptech leader in real estate visualisation and property intelligence, has launched FoxyAI-GPT (https://foxyai.com/foxyai-gpt/), a highly
A coalition of businesses has launched a venture to fund the free decarbonisation of British homes using carbon credits. The Powering
Amantra FM, a Dubai-based niche facilities management company, has announced a partnership with the US-headquartered AtmosAir, a global leader in
Singapore property start-up Simpple listed on the Nasdaq exchange in the United States recently as part of ambitious global expansion plans. Founder and
Careem, the region’s leading multi-service platform, has partnered with King Abdullah Financial District Development & Management Company (KAFD DMC),
Eurovent Middle East, the region’s HVACR industry association, is set to launch a leadership academy and provide certified training to MEP engineers and
Building and property maintenance company, Wates, has accelerated plans to decarbonise its commercial van fleet with a major investment to replace 45 small
Siemens has inaugurated its climate-neutral research and development (R&D) facility in Zug, Switzerland, following seven years of construction. The
The city of Vancouver has announced what it claims is the first zero-carbon firehall – providing essential fire and rescue services – in Canada. Located at 7070
Indian proptech start-up Crib said it is providing tech solutions to more than 1,000 individuals or entities that provide rental accommodation to students and
To address the dynamic growth of the Arab world’s population, the Arab Housing & Community Development Forum opened at the Conrad Abu Dhabi Etihad
The city of Paris plans to expand its underground urban cooling network that uses water from the River Seine to maintain low temperatures in public buildings.
ROSHN, the Kingdom’s leading national real estate developer and a PIF-funded giga project, has launched ROSHN.com
Leading provider of cost management, project management and advisory services Currie & Brown has recruited Michael Moore to join their growing team in
Aldar Estates, the region’s largest integrated property and facilities management company, has added further scale to its business with the acquisition of FAB
G20 leaders adopted a Green Development Pact to accelerate the steps needed to tackle the challenges of environment and climate change on the first day of
Indian proptech unicorn NoBroker has introduced a metro-based property search feature on its platform, allowing consumers to broaden their property options
Amidst the ever-evolving global economic landscape and the dynamic growth of the Arab world's population, the
Research engineers at Heriot-Watt University in Dubai have launched a solar energy testing facility to help companies in the UK and other countries to develop
Thomas & Adamson (T&A), the international project management and cost consultancy firm, reports strong growth in business turnover supported by an
UAE-based facilities management (FM) services provider, Emrill, has announced its intended collaboration with Delos, a leader in science-
Azizi Developments, a leading private developer in the UAE, has signed an MoU with Siemens, the German technology company, to further the energy
Mace, the global construction and consultancy firm, has announced the appointment of David Glennon as the new Group Head of Digital Engineering. David
Saudi-based New Murabba Development Company (NMDC) has awarded Turner Arabia, a leading construction management consultancy, with a significant
Transport technology scaleup VivaCity has partnered with Sheffield City Council to set up a three-year monitoring programme to assess the impact of the
Nuventura, a Berlin-based leading provider of SF6-free, medium-voltage (MV) gas-insulated switchgear (GIS) technologies, announced the completion of a €25
Leading UAE-based smart and green facilities management (FM) company Farnek, has signed a partnership agreement with Dubai headquartered Neutral
Madinet Masr, one of Egypt’s leading urban community developers, has unveiled its latest innovative concept, Touba, a transformative solution that redefines
Dallas-based Backflip, an all-in-one real estate and fintech platform for fix-and-flip investors, has launched My Leads, an AI-enabled property sourcing feature
A start-up founded by three former early-stage Deliveroo staff has raised $2 million (£1.6 million) to fuel expansion for its AI-powered property search engine.
The deadline for homeowners to install smoke and fire detectors, and subscribe to the UAE e-alert system is January 1. Originally reported as September 1,
Melbourne-based proptech Listing Loop has closed the first tranche of its Series A, securing $2.1 million. Co-founder and CEO Rhett Dallwitz said the start-up
Juxta, a global technology company, has introduced a portable, micro convenience retail store targeted at operators of electric vehicle charging stations.
ZÄZEN Properties, a leading sustainable property developer in the UAE, urges the country’s real estate industry to prioritize sustainability in its upcoming
UAE-based facilities management (FM) services provider, Emrill, has appointed David Kaleta as the head of technical. Kaleta will develop and implement
Dubai Municipality has launched a new online portal that provides property owners easy access to their land and property data, including construction licences
Rolls-Royce has appointed JLL as its global real estate facilities manager for its portfolio spread across China, Germany, India, Singapore, the UK and the US.
London has expanded the ultra low emission zone (Ulez) city-wide to cut air pollution across the UK capital. Mayor Sadiq Khan said expanding Ulez was a
Verisk, a global data analytics and technology provider, has announced a strategic integration with proptech company Planitar to introduce a new product to
Luxury Presence, a leading proptech start-up that provides growth marketing solutions to more than 9,000 agents, teams and brokerages, recently unveiled
His Excellency Dawoud Al Hajri, Director General of Dubai Municipality, alongside a delegation from the Municipality’s executive and
Proptech company PropTechBuzz has announced the launch of its platform, which will try to transform how proptech products are
Singapore Infocomm Media Development Authority (IMDA) is working with tech company Dell Technologies and digital infrastructure
Venturous Group, the Citytech Group, has refreshed its brand and launched a new website, following its series B capital raising with CLP
In line with its commitment to sustainability and clean energy, Kuwait-based Al Hamra Real Estate Company has successfully completed the installation of a
Larsen & Toubro’s (L&T) Power Transmission & Distribution Business has been securing major infrastructure contracts in UAE, Kuwait, Qatar, and KSA. In the
Fresh real estate regulations have been announced in the UAE. Sheikh Hamad bin Mohammed Al Sharqi, who serves as a Supreme Council Member and
Plunk, the world's first AI-powered analytics platform for residential real estate, has partnered with Xome, a robust online real estate marketplace, to offer
In a remarkable stride towards advancing professionalism and industry best practices, the Community Association Institute Middle East (CAIME) has entered
UK-based Kamma, a property data firm that powers climate change solutions, has raised £3.6 million to expand its data engine for commercial and residential
Munjz, the Saudi-based, proptech cloud platform designed to cater to KSA property owners and developers, has set a new precedent within the property
In the first half of 2023, cumulative proptech investments in India surpassed the $4 billion milestone since 2009 with segments including co-living and co-
Reiterating its commitment to Saudi Arabia’s Vision 2030, Yarn Cloud, a Saudi-based pioneer in property management solutions, has said the company’s
HITEK – a leading UAE-based provider of smart facilities management (FM) solutions, which is part of Farnek group of companies – has added a new
The Arab Organisation for Industrialisation (AOI) has announced a new partnership with Iveda to support and scale smart city developments in Egypt. Granted
Australian proptech company Realtair has kicked off the start of its international expansion programme, moving into New Zealand. According to Realtair Chief
UAE-based Azizi Developments said it has broadened the collaboration with global technology major Schneider Electric to acquire its electrical wiring
Northumberland County Council in the north of England has unveiled a solar car port array, which will help provide clean energy to the council’s headquarters
Leading UAE-based total facilities management (FM) service provider Emrill has enhanced its command centre with virtual reality (VR) technology capabilities
Sook, the proptech innovator reinventing how retail space is used, announced its partnership with Mall of Africa (MoA), a premier retail destination in South
Bhutan has emerged as a country with impressive net-zero emissions and not only curbed its carbon footprint, but also transformed into a carbon sink,
South African proptech innovator Flow has secured $4.5million (+-R78 million) in funding at the conclusion of their pre-Series A investment round – the single
Real estate developer RE/MAX Turkey has introduced REMAXY, the industry's first AI-supported personal assistant. The initiative marks a significant step in
Australian cement manufacturer Adbri (formerly Adelaide Brighton) is taking several steps toward reducing emissions and supporting a low carbon economy.
Smart infrastructure and artificial intelligence (AI) specialist Iveda has signed a $1.7m contract with a Taiwanese government agency for networking equipment
The ACC Liverpool Group, operator of the M&S Bank Arena, Exhibition Centre Liverpool and convention centre, is set to receive £1.4m from the Public Sector Decarbonisation Scheme
Saudi Arabia’s Public Investment Fund (PIF) recently announced the establishment of the Saudi Facility Management Company (FMTECH) to offer a comprehensive range of services,k
Philippines-based proptech company UTOVILLE has officially launched its SaaS-based ‘Property Management Platform’, a complete solution catering to premium residences in the
A new study by the Indian market research firm Future Market Insights suggests that the proptech market is going to continue growing at a faster rate than it has already.
Tango, a leading provider of cloud-based real estate and facilities management software, announced that it has acquired WatchWire
Kansai Electric Power, Japan’s second largest electricity supplier, is creating what it claims to be the world’s biggest standalone rooftop solar panel installation
A Netherlands-based technology company named Matrixian Group, that uses smart data and computer smarts (Artificial Intelligence or AI) to figure out how
Proptech start-up Dongnae said that it plans to acquire Stevens, a South Korean company that operates co-living business Dears. The two companies did not
The City of Melbourne has released a draft masterplan to guide the city-shaping transformation of the Yarra River – Birrarung. At the 15 August Future
India's booming construction sector, driven by expanding urban housing demand and state spending on infrastructure such as roads, could add up to 30 million
Berlin-based proptech start-up dao has raised €1.5 million in pre-seed funding. Involved in the round are investors Julian Teicke of wefox, Patrick Henning of
A digital twin developed by Siemens is being used to drive what claims to be the world’s first carbon-neutral wastewater treatment plant in the UK. The Net Zero
SK Telecom (SKT), Deutsche Telekom, e& and Singtel have formed the Global Telco AI Alliance to accelerate artificial intelligence (AI) transformation in the
Aldar Properties has appointed Faisal Falaknaz as Group Chief Financial and Sustainability Officer (GCFSO), further strengthening the Emirati representation
Soft facilities management company, SBFM, has launched Evolve, a new initiative dedicated to providing sustainable
Montreal-based prop tech startup Local Logic has raised $17.5 million CAD in Series B funding to continue its expansion in the United States while developing
Master Builders Australia (MBA), the country’s peak building and construction industry association, has released its inaugural report outlining building and
The Middle East region is leading the charge in driving growth and adoption of the WELL Building Standard (WELL) globally with a 24-fold increase in WELL
The City of Boston has signed an executive order (EO) eliminating use of fossil fuels in new construction and major renovations of city buildings. The functions
Funding in Indian proptech firms fell marginally by 3 per cent to $719 million during the last calendar year, as investors continue to have a positive outlook on
Reliance Industries and Brookfield Asset Management signed a Memorandum of Understanding (MoU) to explore opportunities to manufacture renewable
The Seoul Metropolitan Government (SMG) has set out its plans to become a “robot-friendly†city. Announcing the Seoul Comprehensive Robotics Industry
Leading construction and property services company BAM Construct UK is rolling out a new approach to portfolio risk management powered by artificial
Abu Dhabi-based clean energy giant Masdar has signed an agreement with construction major Citaglobal Berhad to develop a range of renewable energy
Manchester City Council has reported that it is on track to reach its target of having almost 10,000 new solar panels on its buildings across the city by the end
The global recognition of Saudi Arabia’s renewable plans and green initiative has led the Kingdom to advance 24 ranks in the Energy Transition Index since
The UK risks a growing divide between organisations who have invested in new, artificial intelligence-enabled digital technologies and those who haven’t, new
In a bid to accelerate the growth of advanced technologies like artificial intelligence, Saudi Arabia’s Prime Minister and Crown Prince Mohammed bin Salman
Strathallen Capital has transformed its management team while expanding its services over the past three years and it takes its next step today by rebranding
The new London office of the Royal National Institute of Blind People (RNIB) is the first building in the UK to fully adopt a new BSI neurodiversity standard,
Saudi Arabia’s Public Investment Fund (PIF) has signed a Memorandum of Understanding (MoU) with Japan’s largest power generation company, JERA,
A co-operative building in the Riverdale section of the Bronx in New York City has installed a hot water system that also generates free electricity. Connecticut-
Berlin has approved a €5bn special fund for climate action to accelerate the conversion to fossil-free energy and the reduction of emissions. The sum is to be
Innovative digital solutions company HITEK, part of UAE-based smart and green facilities management (FM) group Farnek, has signed an agreement with the
A survey of over 500 decision-makers across corporate Australia has found that a vast majority believes that a
Minneapolis City Council has approved the city’s Climate Equity Plan, which aims to further the city’s health and sustainability goals and reach carbon neutrality
The Bezos Earth Fund has announced a $400m commitment to help establish and enhance green spaces in underserved urban US communities.
Seven Denver-area municipalities in the state of Colorado have announced the launch of a solar group buying programme.
Neom has launched a digital communications facility and data to enhance current and future digital connectivity
Singapore MIT-Alliance for Research and Technology (Smart) has launched an interdisciplinary research group (IRG) aimed at tackling key
Singapore’s Keppel Corporation has signed an agreement with HSBC Hong Kong for pursuing energy transition opportunities
According to scientists, the ground beneath us is heating up and giving rise to the phenomenon of “underground climate change†and our civil
Proptech start-up Altre has raised $1million in a pre series A round to grow technology, capability and teams across the country. Altre is a B2B fulfilment
Proptech start-up Stoa has reduced its workforce by 80 per cent from around 100 employees to just 20 after undergoing dramatic cutbacks. Rising inflation
Berkeley Services Group (BSG), a leading facilities management company in Dubai, has appointed Karl-Heinz Otto Mair as the new Managing Director as
Mitie has been awarded a new contract worth £62 million by pensions and savings firm Phoenix Group to carry out integrated facilities management
Saudi Aramco’s venture capital arm has invested in Tenderd, a UAE-based firm backed by Peter Thiel, which uses AI-generated insights to monitor
Lamudi, an online real estate classifieds platform, has laid off staff in Indonesia to “maximise growth and improve business efficiency.†It did not specify the
The UAE Ministry of Human Resources and Emiratisation (MoHRE) recently announced the introduction of 356 well-equipped rest stations for delivery drivers
Surat, a city in India that boasts of making 90 per cent of the world’s diamonds, is now home to the largest office in the world. Called Surat Diamond Bourse,
As part of President Biden’s ‘Investing in America’ agenda, the US Department of Energy (DOE) announced $90 million in competitive awards
Leading UAE-based IT smart Facilities Management (FM) solutions company HITEK, a part of the Farnek group of companies
Technology firm Bosch has begun volume production of its fuel cell power module at its Stuttgart-Feuerbach location.
Morgan Sindall Property Services has been chosen by social housing provider Longhurst Group to uprate the energy efficiency of hundreds of homes
MRI Software has acquired Loci Solutions Group Pty Limited, an Australian property technology consulting and outsourced managed services company serving
Facilities management firm AG Facilities Solutions has announced the appointment of a new senior manager to handle specialised services and drive service
Housing.com, India’s leading proptech platform, has collaborated with credit infrastructure provider FinBox to introduce a new service that allows customers to
Housing.com, India’s leading proptech platform, has collaborated with credit infrastructure provider FinBox to introduce a new service that allows
ENGIE, the leading provider of low-carbon energy services and solutions for integrated utilities management, has signed a memorandum of understanding
Roshn Group, a PIF giga project and Saudi Arabia’s leading real estate developer, has signed an MoU with the nation’s Expenditure and Projects Efficiency
A funding scheme has been launched in Scotland to offer up to £20 million in grants to help local authorities, universities, and arm’s-length external
The Egyptian Ministry of Electricity and Renewable Energy has revealed that LONGi, the Chinese supplier of solar photovoltaic (PV) solutions, is keen to boost its
A study by software company Mobilityways analysed facilities managers working for large UK companies employing more than 500 staff, and found that 74 per
Mayfair Coin, a property technology company, will unveil an all-in-one solution that caters to buyers, tenants, and sellers globally. The company will
Valiant Business Media recently announced the second edition of the ‘London Proptech Show’. Set to take place on February 27-28, 2024 at ExCeL London
The idea of tokenizing real estate assets has long been a dream for many blockchain projects. And now, thanks to a Hong Kong Central Bank Digital Currency
One of Europe’s largest solar power rooftop installations has been brought onstream by solar developer Sunrock on PATRIZIA’s 210,000 sqm Maasvlakte
Anarock, a residential real estate services group, has announced that ASTRA, the firm’s proprietary AI-driven sales acceleration tool for real estate
Reaffirming its commitment to sustainable business practices in the region, Nissan Middle East has announced plans to install a new solar energy system at
Leading UAE-based smart and green facilities management (FM) company Farnek has secured a host of new and retained contracts, valued at more than AED
Real estate startup OfficeBanao, which raised $6million from Lightspeed in April this year, has once again raised funds from three angel investors, including
The facilities management sector in Qatar indicates a revamping market this year, which benefited incredibly from hosting the FIFA World Cup last year, said an
Imdaad, a Dubai-based group of companies providing integrated, sustainable facilities management (FM) services to enhance operational efficiencies of
Property maintenance services provider mplus has appointed Marie Moulds as sales manager to enable further business expansion in Dubai and Abu Dhabi. In
Global engineering and project management services company Assystem has announced that it has been appointed by Saudi-based Enowa to conduct a
BESIX and Hitachi Zosen Inova (HZI) announced a significant milestone in the Dubai Waste-to-Energy (DWE) project with the successful ignition of the first fire
UAE-headquartered real estate development firm The Luxe Developers has officially launched its upscale twin-tower waterfront development located on
SAGA International Owner Association Management Services (SAGA), a Provis subsidiary, has been given the prestigious Gold Ranking as an owners’
Japan's tallest skyscraper, towering at a height of 330 metres, was completed at the heart of Tokyo, Mori Building Co said, beating the previous title holder
Swedish developer Atrium Ljungberg plans to build the world’s largest wooden city in Sickla, a former industrial quarter in southern Stockholm. Set on 250,000
A new climate data portal by the Met Office went live recently with a focus on helping facilities managers better manage buildings. The Met Office’s Climate
Architecture, interior design, and landscaping firm iMaker Group is nearing the completion of an opulent palace for a VIP client located in Hittin, Riyadh,
Kicking off the summer months, Provident Estate has opened a new office in the world’s largest manmade island – Palm Jumeirah. The new office will work as
With more than 80 real estate developments across Switzerland and Austria, Fortimo is preparing to expand its footprint in Dubai. Says Remo
HDFC Capital-backed proptech firm Reloy, which helps realtors in generating referral sales, has raised Rs 7.2 crore (Rs 72 million) from
Leading property and facilities management company Eltizam Asset Management Group, jointly owned by IHC and ADNEC Group, will merge with Abu Dhabi-
A proptech start-up in Cyprus called buildbuild, which develops software for managing construction projects and increasing their marginality in the SMB sector,
The UAE, which has the largest biomass capacity in the Middle East and North Africa (MENA) region, is expected to develop its waste-to-energy (WtE) sector
As per the latest date from China Index Academy, prices of new homes in China came down in June. This is the second consecutive month of decline in the
Facilio, an AI-driven SaaS property operations platform provider with a global customer base, announced its expansion into the ANZ region in response
The Electricity and Water Affairs (EWA) of Bahrain recently announced its plans to build five new electric vehicle (EV) charging stations across the kingdom.
A new venture named trainingEXP, focussing on passive fire protection and health and safety training in the property and construction
Air quality experts met at an event hosted by the Building Engineering Services Association (BESA) recently and stated that the government should set strict
A cleaning tech base by leading facilities management firm Mitie was officially opened recently by Andy Street, Mayor of the West Midlands. The site,
An Abu Dhabi-based distribution company has managed to save 1.8 million cubic metres of water from January 2021 till date thanks to its
Approximately 90 per cent of construction decision-makers in both the UAE and KSA are confident of the market conditions and the prospect of their projects
A Seattle-based start-up named Picket Homes has raised $20 million to boost the development of its platform that helps investors analyse, purchase and
Magnom Properties, an Egypt-based company and a subsidiary of Rawabi Holding, plans to use green hydrogen to power its proposed Forbes International Tower
Richard Morrison, a real estate agent from Vancouver with over 20 years of experience, has been using artificial intelligence to help sell houses
With a budget of $7.8billion, Saudi Arabia has presented a plan to host Expo 2030 to the General Assembly of the Bureau International des Expositions (BIE),
Arada, a Sharjah-based master developer, has listed $500 million (AED1.8 billion) sukuk at Nasdaq Dubai, the region’s international financial exchange
UAE-based smart and green facilities management (FM) company Farnek has appointed Muna AlNahdi as its new Head of Consultancy & Sustainability
Property management firm SBK Real Estate has appointed Yardi as its property management and accounting platform to digitalise its estate management
Leading ESG company Veolia with partners, ADQ, an Abu Dhabi-based investment and holding company, and Vision Invest, have met all the approvals and
Construction and consultancy firm Mace has released a report titled ‘Transform & Renew - Making Non-domestic Buildings Fit for a Low Carbon Future
The Japanese government is considering setting up a proxy condominium management system for overseas owners. Under the proposed system, pr
The Proptech Association Australia recently came out with a new map of the national proptech ecosystem that has grown massively in the last few years. As
Habitas, the hotel and events company, which was born from the camps of the Burning Man Festival in Nevada, USA; is all set to expand exponentially across
A mansion in Emirates Hills is for sale for Dh750 million ($204 million) thereby making it the most expensive property in Dubai and one of the most expensive in
After the success of their 28-storey Al Manara Tower and the 29-storey Al Jawhara Tower in the popular residential area of Jumeirah Village Triangle,
ChatGPT has taken the world by storm and many real estate agents are making the best use of the software. As per reports, agents in some broker companies
SNS-Lavalin has been awarded the district cooling services contract for King Salman Park, a majestic green space which is being built in the heart of Riyadh.
Karcher, a leading provider of clean technology, has signed an agreement with sustainability and digitisation expert BEEAH Group to collaborate on multiple
UAE-based smart and green facilities management (FM) company Farnek, has launched its latest in-house innovation, a mobile app with smart AI Chatbot
Through this transaction, which is valued at Dhs150m, Aldar will hold a majority stake of 75 per cent in Basatin with the remaining 25 per cent held by a
Asette launches an AI-driven property investment platform, revolutionizing off-plan property research and acquisition in the $35 billion UAE market. With a
The program funnels property management fees into funding better housing outcomes for an age-group of women who need it the most.
Dubai Multi Commodities Centre (DMCC) has appointed Mace, a global consultancy and construction company, as the building operations management firm
The collaboration was aimed at supporting affordable housing and the mortgage market for citizens in both the US and Saudi Arabia: SRC
NEOM has announced that it has finalized contracts with investors for the first phase of its residential communities’ expansion, a social infrastructure project
It’s astonishing to fathom the manner in which technology has revolutionized the economy in today’s day and age; from the administrative level all the way up
Given the state of society today, it would be accurate to assume that industries are shifting toward digitalization. Now, almost every player
UAE-based facilities management (FM) services provider, Emrill, has bolstered its sustainability efforts and appointed Shariq Ahmad as associate director
Adeeb Group, an integrated facility and energy management company, and Green Global Group have signed a Memorandum of Understanding to explore
Saudi-based Riyadh Development Company (ARDCO) has joined hands with Arriyadh Holding Company to set up a key entity in the real estate
UAE-based facilities management (FM) services provider, Emrill, has appointed Dean Harnden as business development director. In his new role.
Ventures Connect is proud to announce the sixth Construction Technology Festival (CTF) which will be co-located with the Property Technology
AG Facilities Solutions (AGFS), a leading facilities management company under the Construction and
The Middle East Facility Management Association (MEFMA) recently held the second edition of the MEFMA Awards of Excellence in FM 2023, in line with
Knight Dragon (www.knightdragon.com), the leading international property developer, announced details of the company’s Middle East expansion plans
Integrated facilities management (FM) provider, Emrill, has implemented several targeted strategies and innovations to intensify efforts to provide sustainable
The real estate market in Dubai experienced a record-breaking year in 2022 surpassing a  whopping $65 billion. Despite global headwinds, the real estate
BEEAH Group, the sustainability pioneer and digital expert in the Middle East and North Africa (MENA) region, has signed a Joint Development Agreement
CBRE Group, Inc. (NYSE:CBRE) today announced that its property management group has formed a global strategic partnership with Deepki that will bring
The project comes in line with the Dubai 2040 Urban Master Plan, said Dubai Municipality
Serco, the international public services company, has been appointed by Red Sea Global (RSG), the developer behind the world’s most ambitious regenerative
Manzil Life, Dubais cutting-edge property management company, proudly announces the appointment of real estate titan Sanjay Manchanda as a strategic
Oman’s IFM leader Renaissance Services has appointed Rami Oud as its Chief Facilities Management Officer (CFMO), a key position that will further
Award-winning Saudi Arabian integrated facilities management organization, Musanadah has opened state-of-the-art BICSc-certified training
Mumbai-based Homesfy Realty Ltd., India’s first listed real estate tech-enabled brokerage firm, has expanded to Dubai. In the fourth quarter, Homesfy’s
The Middle Eastern region is witnessing a continuous growth in the construction of mega projects, smart buildings, and eco-friendly facilities.
According to the official news agency, Iraq has announced a launch date for the multi-billion-dollar rail network project linking its southern Grand Faw Port,
Leading UAE-based IT smart Facilities Management (FM) solutions company HITEK, part of the Farnek group of companies, has launched a creative
Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, has announced the appointment of
Adeeb Group, based in Abu Dhabi, and Azbil Corporation Middle East have signed a Memorandum of Understanding (MoU) at the Adeeb Group Head
UAE-based IT smart Facilities Management (FM) solutions company HITEK Services, which is part of the Farnek group of companies, is to start a pilot
UAE-based facilities management services provider, Emrill, has announced 18.3 per cent revenue growth in 2022, resulting from its commitment to retaining
Turkish Property Management Company Lands Investment at $26m Valuation
ACROMETA Group Limited, an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare,
Estater.com, a GCC-based PropTech company that uses artificial intelligence and data science in real estate, announced recently, that it closed a Series A
UAE-based smart and green total facilities management (FM) company Farnek, is starting a campaign to remind healthcare facility managers, about the
Leading UAE-based smart FM solutions company HITEK Services, which is part of the Farnek group of companies, has initiated an agreement to supply more
ServeU, one of the leading facilities management (FM) solutions provider in the UAE and a subsidiary of Union Properties, is set to launch
The Emirate of Dubai has been named the cleanest city in the world, adding yet another feather to its cap.
The Middle East Facility Management Association (MEFMA) recently organized a one-day seminar in the Egyptian capital, attended by decision-makers
Savills Singapore has announced the launch of an energy and sustainability management (ESM) department in response to the increasing demand for green
Leading UAE-based total facilities management service provider Emrill has developed and launched an advanced, digital FM solution
AG Facilities Solutions (AGFS), a leading Facilities Management provider in the UAE, today announced the
Facilio, a leader in the property operations & maintenance software space, today announced its agreement with Dubai World Trade Centre’s One Central,
Community Associations Institute (CAI) is honored to receive the 2022 Lobbying Strategy Innovation Award for its condominium safety
Property Management Platform - Propertyme has launched a new rental payment service called ‘MEPay’. This will allow agents to see rental payments
California-based Keystone, the premiere Homeowners Association management company in Southern California, has expanded in San Diego by acquiring
Imdaad, a Dubai-based group of companies that provides integrated, sustainable Facilities Management (FM)
AG Facilities Solutions (AGFS), a leading provider of integrated facilities management services
UK data center firm Virtus has tapped JLL to manage its facilities. JLL announced recently that it had been appointed to provide integrated facilities
Leading full-service real estate company Provis has established itself as the UAEs largest independent Owners Association (OA) Management firm in the
Colliers (NASDAQ AND TSX: CIGI), the leading diversified professional services and investment management company, has announced
Dubai-based innovative and technology-driven home maintenance specialist Hitches & Glitches (H&G), part of the Farnek
Newmark Group Inc. announced the launch of Optality, a dynamic portfolio optimization solution to enable enterprises to add flexibility to their office space
UAE-based facilities management service provider, Emrill, was on-site for the tenth consecutive year to provide cleaning services
Police were called to a residential building in Vaughan, north of Toronto, at about 7.20pm on Sunday to reports of an active male
Buffalo in New York state is partnering with the Simplicity App to provide residents with a single destination to receive notifications
Global PropTech company Sharry has unveiled the first intelligent building in Spain that uses its smart office technology. Called Smart, it is part of a complex
Leading UAE-based smart and green facilities management (FM) company Farnek has expanded its reach in the key banking sector, with a host of new and
The IRECMS concluded with a Gala Awards Ceremony which honoured and recognised the amazing work of those who manage UAE’s built environment.
Property Keepers Management, an established Community Association Management company on Floridas East Coast,
BoardSpace recently announced that they will be integrating with TOPS Software to provide a broader management software.
Stella Stays, the award-winning, leading PropTech company disrupting the global residential real estate sector with its innovative business model and key
Plan3Media Event Management, Dubai’s leading event management company, announced the schedule of IRECMS Dubai 2022. Riding on the success of Madrid
KAIZEN Asset Management, one of the leading property management firms in UAE with an asset management
Sydney-based Hutch Underwriting has launched a new residential strata insurance
Sydney-based Hutch Underwriting has launched a new residential strata insurance policy, which it says offers corporate protection from cybercrime for the first .
DoorLoop, the highest-rated property management software online, announced a new feature to its already expansive arsenal: Custom Websites for users
WPM Real Estate Management, one of the region‘s leading property management firms, announced
Leading full-service real estate company Provis has announced the acquisition of 'SAGA International Owner Association Management Services LLC' (SAGA),
As part of its participation in the 27th UN Climate Change Conference, COP27, held in the Egyptian city of Sharm El Sheikh, the UAE launched the National
Homegrown UAE startup Silkhaus has secured $7.75m in seed funding, backed by top global venture capitalists and entrepreneurs
Westward360, a premier provider of real estate management services for community associations and rental property owners, announced its strategic
The £155 million contract, which provides maintenance work, repairs, servicing, and hard facilities management to the MOD‘s estate in Gibraltar, was awarded
Leading UAE-based smart property management solutions company HITEK Services, which is part of the Farnek group of companies,
Kelson Group became the first property management company in Edmonton and Northern Alberta to have its multifamily apartment buildings recognised under
Goyzer is purpose-built, in Dubai, for real estate agencies. By streamlining and tracking all property management tasks, Goyzer enhances communication
Zhuhai Wanda Commercial Management Group Co. Ltd., the commercial property management unit of Dalian Wanda Group, renewed its effort to sell
NEOM, the developer behind the $500 billion vertical city in Saudi Arabia has announced that people can now immersive themselves in THE LINE‘s journey at
Leading UAE-based facilities management services provider, Emrill, has reached another major milestone in its ongoing strategy and efforts to prioritise the health
Maktoum bin Mohammed: Mohammed bin Rashid‘s vision has made Dubai the world‘sa foremost hub
M7 Real Estate (M7) has opened its first office in the Middle East to capitalise on the continued strong demand for high-quality European real estate from investors in the region.
DUBAL Holding - the investment arm of Dubai Government with focus on Non-Ferrous Metals, Recycling, Energy & Industrial Sectors
Farnek‘s business development team has won 16 new contracts in the UAE capital so far this year, with a combined revenue of more than AED 50 million.
Honeywell and King Abdullah Financial District (KAFD) today signed a Memorandum of Understanding (MoU) to help create a sustainable smart city experience
Leading real estate services company, Asteco Property Management, has unveiled its new brand identity as part of its strategic growth and expansion strategy
With this Partment will aim to enhance the infrastructure of the platform and deploy its MVP starting in Egypt
Established in 2019, Stella is present in major cities across the Middle East, Europe and North America
The service provider announces the appointment of customer service and call centre managers Property maintenance services provider, mplus, has appointed
Australian Proptech :Different, has announced the launch of an all-in-one property management solution
Jeddah Airports Company has awarded a five-year contract outlining operations and maintenance (O&M) services for the King Abdulaziz
Inspire Integrated (Inspire) is pleased to announce its achievement of five million man-hours with zero Lost Time Injury (LTI) at Emirates Nuclear Energy
DP World has just announced that work has started on site to build a new fourth berth at its London Gateway smart logistics hub.
MRI Software announced that AG Facilities Solutions (AGFS) has selected its arm MRI Evolution, a fully scalable Facilities Management system, to drive the ongoing digital
Imdaad, a Dubai-based sustainable facilities management (FM) services company, said it has signed a one-year contract with Dubai Culture & Arts Authority
Nakheel Community Management has been awarded the International WELL Health-Safety Rating for Facility
Phixe Solutions Technical Services, a subsidiary of Emirates Facilities Management, has launched Bluefinch, a ‘pay as you go‘ facility management solution that allows property
Azizi Developments, a leading private real estate developer in the UAE, is taking proactive steps to foster the well-being of its residents and develop lifestyle
Facilio, a leader in the property operations & maintenance software space, today announced a strategic partnership with Tutenlabs, a US-based IoT solutions provider
SRC International Sdn Bhd and two of its subsidiaries have settled their RM1.43 million suit against Putrade Property Management Sdn Bhd, which manages the World
Sharjah's environmental management company Beeah Group and Egypt's Green Planet have entered a contract to provide city cleaning services for Sharm El Sheikh.
Brookfield Asset Management Inc. has more than $110 billion to invest and is eagerly eyeing deal opportunities, including buyouts of mispriced public companies.
JLL, a leading professional services firm specialised in real estate, investment management, and development consultancy services, is strengthening its end-to-end
Dubai Municipality today announced that 85% of Dubai Waste Management Centre (DWMC), the world‘s largest waste-to-energy project, has been completed.
Khansaheb FM (KFM), a renowned Dubai-based facilities management company, has partnered with the leading real estate services firm Provis to organise a ‘ green ’
Square Yards, one of the fastest growing proptech companies globally, today launched a 3D Metaverse platform that will showcase the future of real estate
Aldar Properties PJSC (‘Å“Alda’) announced that it is scaling up its property and integrated facilities management platform through the full acquisition of Spark Security
The agreement was signed by Dr. Ansari, Group CEO, Adeeb Group, and Ms. Abhilasha Singh, the Principal of the
JLL, a leading professional services firm specialized in real estate, investment management, and development
Savills Singapore has announced the acquisition of a majority stake in Absolute Maintenance Services (AMS),
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Turkey) region,
Leading UAE-based smart and green facilities management (FM) company Farnek has underscored its security credentials with a host of new and retained
CBRE Group, Inc. announced the acquisition of E2C Technology, an Artificial Intelligence/ Machine Learning (AI/ML) data-driven technology company that will enhance and further differentiate
UAE-based integrated facilities management service provider, Emrill, has appointed Kym Mayes as head of soft services. In her new role, Mayes will develop
AG Facilities Solutions (AGFS) announces new appointments within its regional Leadership structure. The new team will spearhead the business‘
H3C, an industry leader in digital solutions and enterprise networking, has appointed Al-Futtaim Engineering & Technologies (AFET), part of Al-Futtaim Group
UAEU University announced all the buildings on all campuses are now connected to the Hassantuk safety system, which is integrated with Civil Defense
Global real estate advisor CBRE has announced the appointment of Pedro Ribeiro as General Manager of CBRE Saudi Arabia as part of its continued strategic
Atlas Real Estate, a Denver-based investment brokerage and property management company in the single-family rental sector, announced reaching $2.5 billion
Full-service real estate company Provis has signed a Memorandum of Understanding (MoU) with the Environment Friends Society (EFS), in a move that
Ang Mo Kio residents affected by the Selective En bloc Redevelopment Scheme (Sers) will now have the option of applying
Milestones, an all-in-one portal for navigating home ownership, has raised $10.3m in Series A funding
Guesty, a property management platform for the short-term rental and hospitality industry, has raised $170m in a Series E funding round.
King Abdullah Financial District (KAFD), the region‘ s prime destination for business and a cosmopolitan lifestyle
A leading business solutions provider, Transguard Group has officially inaugurated a new 270 sq m medical facility in its largest accommodation
The Museum of the Future has signed a strategic partnership agreement with DEWA to showcase unique technologies and solutions
Hill International, delivering the infrastructure of change was selected by the Talaat Moustafa Group (TMG)
As the Middle East&rsquos digital transformation advances at an accelerated pace,
The Facilities Management Company, Khansaheb FM (KFM) is proud to announce the success
EWEC (Emirates Water and Electricity Company) and the Abu Dhabi Department of Economic Development (ADDED)
Anaergia Inc. announced it has signed a contract to supply its industry-leading organic waste treatment solutions
ST Telemedia Global Data Centres (ST Telemedia) has reached an agreement
Following the Austin launch in August 2021, global PropTech company Blueground has just celebrated its milestone 100th apartment in the Texas
While the real estate industry has increased its adoption of technology solutions in the post-Pandemic era
EAST-O Holdings, the technology division of Eltizam Group, has newly launched “PropEzyâ€, a cloud-based software-as-a-service (SAAS) platform
Yardi announced a new product, RentCafe CRM IQ, for multifamily operators to manage relationships
DUBAL Holding, Quantafuel, and BASF are moving to the front-end engineering and design
Al-Bawani signed a Memorandum of Understanding (MoU) with Mytilineos group, the World Leader in Industry and Energy
RealManage, LLC, the nation's third-largest condominium and HOA management company, purchased five highly successful community management
To meet the increasing demand, Daikin announced that it has invested EUR13 million to start the production of VRV systems
Leminar Air Conditioning Company, a reputed name in the HVAC and Plumbing sectors across the Arabian Gulf, signed a distribution agreement with Rheem,
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of the Emirate of Dubai
FinaMaze, the ADGM-regulated asset management firm, has completed the Fintech Saudi regulatory program for which it was selected in March 2022
In a recent ceremony, King Abdullah Financial District signed a cooperation agreement with MAEE, the National Water Efficiency and Conservation Centre
MAVEN Developments, the affiliate of the American Riverwards Group, held a round table to discuss the latest developments of its projects, investments, and future
Khansaheb Interiors has been awarded a contract to carry out a full refurbishment of 105 guestrooms, 10 suites, reception, restaurants
Transguard Group&rsquos facilities management (FM) division has booked approximately $68mn in new contracts.
Concordia, a trusted name in Facility Management across Dubai, has announced the appointment of Michael Nicholas as the new General Manager.
IMMO, Europe’s first technology-led residential real estate investment platform, has embarked
Opendoor opened the door, so to speak, to the idea of applying technology to the concept of house flipping to both scales the opportunity and make
Associa Real Property Management (RPM), a leading provider of top-tier community management
With a view to increase their product and services bouquet, ANACITY, the leading Community Management Software provider for gated communities,
Estative platform launches a real estate social media platform to create a real estate community that brings together developers,
The Diriyah Gate Development Authority (DGDA) has announced the signing of an agreement with the Saudi
Michelle boasts more than 18 years of experience in the property management industry after starting her career at
iDWELL, which describes itself as “a leading light for the next generation of digital property managementâ€Â, already manages some 900,000 apartments across Germany,
Khidmah, one of the region’s leading facilities management and maintenance companies, reaffirmed its partnership with the Future Rehabilitation Centre (FRC) by
Urbanise is proud to announce a new four-year agreement to deliver a Facilities Management (FM) solution for Arvida, New Zealand.
Leading UAE-based IT smart Facilities Management (FM) solutions company HITEK Services, which is part of the Farnek group of companies, has signed a two-year contract with major, tier one Sudanese total FM company, TAD.
The facility management industry is expected to generate total sales of around US$ 47.5 billion in 2022, according to a new report by market research firm, Fact.MR.
In this context we will provide about Redinent\'s automated threat assessment solution finds vulnerabilities and weaknesses in IoT devices
In this context we will provide you about Cushman & Wakefield has greatly bolstered its property management operation in South Florida
In this context we will provide about the property technology company has acquired a portfolio of Strata Management Assets from Martello Property Services
The Rental Disputes Center (RDC), the judicial arm of Dubai Land Department
During the first half of 2022, Provis, a leading full-service real-estate company, announced significant energy and utility savings totalling AED 2.4 million across 13 managed
Nesma & Partners, a leading Saudi EPC contractor, offering full-fledged services in the industrial, oil and gas, civil and buildings, and infrastructure sectors
Emerge, a joint venture between the UAE’s Masdar and France’s EDF, has signed an agreement with Miral
Facebook parent Meta has cancelled a contract with custodial workers at its Silicon Valley headquarters, resulting in hundreds of job cuts later this month.
Three divisions of Virginia-based Dodson Property Management have joined forces with Evernest, a national property manager based out of Birmingham, Ala.
Stratez Capital, a boutique firm based in Singapore that focuses on assisting enterprises planning to elevate to the next phase of growth
Dubai’s property portal, houza, raised $5.5 million in a pre-Series A round from UAE’s top real estate agencies. Co-founded in 2020, by CEO Barry Judge, houza.com
The worldDMCC Uptown Tower Completes Façade Workss flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has announced that the façade of Uptown Tower has been
Marc Fooks will lead Turner & Townsend’s UAE infrastructure segment, where he will drive business growth through service excellence and digitally.
In this context we will provide you the whole material about the trending news that Developer Will Try to Raise £140 Million by Tokenizing London Property
Sharjah Asset Management Company, the investment arm of the Government of Sharjah, participated in the twenty-fifth edition of the Petersburg International
Prime Developments signed a management and operation agreement contract with EFS Facilities Services Misr  a subsidiary of EFS International specialised in integrated
Saudi Real Estate Company (Al Akaria) has signed a SAR 141.97 million agreement with Roshn Real Estate Company to purchase residential lands with a development
JLL, a leading professional services firm specialized in real estate, investment management and development consultancy services, has appointed David Duke
Majid Al Futtaim, the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Central Asia, announces
Taronga Ventures to introduce opportunities for Aldar to further diversify its business and increase technology transfer to the region
Al Bawani signed a Memorandum of Understanding and cooperation with the Colleges of Excellence to support and develop the construction sector, in a move to prepare
Nadia Ibrahim, Associate Director for Sustainability at Farnek, has been elected to the board of the official Local Network of the UN Global Compact in the UAE, for a three
Imdaad, a Dubai-based group of companies that provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets, has officially established a new joint venture with LMD, Egypt’s
Prime Minister Mostafa Madbouly has issued a decree obligating competent authorities to include the new rules for sales
Property Finder, a prop-tech company, has launched SuperAgent, MENA's first artificial intelligence (AI)-driven ranking system for agents.
Atalian Servest has acquired Incentive FM Group in a move designed to “expand the FM firm’s core service offering, reinforcing sectors of focus, and adding further scale and experienceâ€Â.
Veolia has offered to sell the Suez business in the UK to assuage the Competition and Markets Authority‘s (CMA) concerns that the merger of the waste management firms
Östra Sjukhuset, one of four sites that form Sahlgrenska University Hospital, Sweden’s largest university hospital, is setting the global standard in sustainable hospital waste
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai announced the opening of Expo City Dubai, this
Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, and Mivne Real Estate (K.D.)
Rising interest rates could lead to reduced commercial real estate leasing for certain property types for the next several years
SJP Properties has inked a deal with industrial technology company Siemens for 65,500 square feet of office space within the amenity-rich campus. In addition to a variety of on-site lifestyle amenities and a suite of hospitality-
View, Inc. (NASDAQ: VIEW), a leader in smart building technologies, today announced the industry's first complete, cloud-native platform to enable smart buildings.
Amana Property Management (Amana), a premier property management consultancy, has signed an agreement with the Bahrain Defence Force (BDF) Military Consumer & Economics Association to take over the management
A new set of district cooling regulations will come into effect in Dubai later this year, reducing excessive billing and imposing penalties for poor energy performance.
AG Facilities Solutions’(AGFS) &lsquo AG Centre for Enhancing Life’has received the international ISO 18295:2017 quality standard...
HqO, the industry-leading workplace experience platform, today announced the acquisition of Leesman, the world’s leader in measuring employee workplace experience.
Magnom Properties, the real estate arm of Rawabi Holding, has appointed JLL, a leading professional services firm that specialises in real estate
SmartCrowd, Dubai‘s innovative real estate crowdfunding platform, which allows individuals investors to take a‘Å“fractional‘ share in a rental property
REM Times - The Global Hub for the Real Estate Management Professionals is now officially open for the industry.
NaturaSeal is a leading international manufacturer that specialises in producing environmentally sustainable building envelope solutions
The Healthcare of Ontario Pension Plan is planning to reduce the greenhouse gas emissions of its $20 billion real estate portfolio.
Transguard Group, a leading business solutions provider in the UAE, said that it has further reinforced its partnership with a UAE-based airline to include check-in agents.
A group of building owners has sued New York City over its Local Law 97, claiming the ambitious crackdown on building carbon emissions is...
Blackstone is expanding its presence in Canadian real estate, opening a Toronto office to take further advantage of a hot global market, according to a recent company statement.
Real Estate agents across the country received nearly $4 billion in taxpayer-financed Covid relief
Morgan Stanley is warning investors that the cryptocurrency collapse that is happening right now could spread to other areas, such as NFTs and digital real estate.
UAE-based DAMAC Properties has announced that it has won the $120mn bid to acquire land in the upscale Miami neighborhood of Surfside.
The Dubai Building Permit Development Committee has completed the unified electronic platform for building permits,
Real state consultancy Land Sterling has tied up with GeoDrones Aerial Services to enhance its building surveying services.
Technology is reshaping the airport security with tools like CT scanning, 3D imaging, AI, and other means for the security of passengers & cargo
Allsopp & Allsopp appoints director of data and digital Transformation, Lynnette Sacchetto keeping in line with the company‘s drive to make an impact on the betterment
House prices in Riyadh have risen at their fastest pace in at least five-years, with apartments posting a growth of 20%, while villas have seen an 18.6% increase in sales prices
Community Associations Institute (CAI), the international leading advocate for condominiums, homeowners
Associa Chicagoland, a leading provider of community management services throughout Illinois and Northwest
UAE-based total facilities management service provider Emrill has developed and launched an app to drive
Trusted business solutions provider Transguard Group is pleased to announce the launch of its newest business, Kitchen Maintenance Solutions (TGKMS)
UAE: Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, has announced the appointment of Sheikh Saud bin Mohammed
The Middle East Facilities Management Association (MEFMA), the region’s leading facilities management organisation
Hotels need to consider the impact their operations have on the environment and put a strategic roadmap in place
RIYADH ‘ Property e-conveyances have increased to nearly 79,000 transactions since the launch of the service
UAE: Property Finder, a leading proptech company in the region, has announced two senior appointments - Scott Bond as UAE country
Ejar is close to launching a new version of the housing contract, Al Eqtisadiah newspaper quoted Ziad Al-Aqeel, Manager of the e-network saying.
Farnek Hotel Management , a part of UAE based Smart and Green Facilities Management company Farnek, recently launched their app Flexi Guest.
The latest edition of the Gulf Sustainability Awards was held on the 20th of September, 2021, in Dubai.
Integrated Facility Management service provider, Emrill has partnered with UAE based IFFCO to distribute 7,000 care packages to their employees.
Dubai based group, Imdaad, has won a 5 year ‘ËœTotal Facility Management’ contract with Dubai World Trade Centre.
Villa rent prices marked up by almost 2.6 percent in Dubai during the second quarter of 2021,
Abu Dhabi-based real estate firm, Sky Abu Dhabi Developments is set to invest up to 1 billion USD (valuing almost 15 billion Egyptian Pounds)
Dubai based group of companies, Imdaad, recently held a bottle-recycling challenge in collaboration with the residential community at Dubai
ccording to data from Property Finder, property sales in the Dubai Real Estate Market grew more than 40 percent year on year in the first half of 2021
Sharjahâ‘s homegrown waste management company, Bee‘ah, is fast emerging as a front runner in the regions
UAE-based Facility Management company, Farnek has signed contracts to manage 8 national pavilions at Expo 2020,
Hayi, a Dubai based start-up has developed a free to use mobile application whose primary aim is to increase engagement within neighbourhoods in the UAE.
Spaces that support the virtual working and learning requirements of residents across the globe are the need of the hour.
Gearing up for Expo 2020, scheduled to be held between October 2021 and March 2022,
On 18th Aug, Luxhabitat Sothebys reported the sale of a plot of land in Jumeirah Bay - an upcoming community nestled between the iconic Downtown