REAL ESTATE NEWS

Musanadah Announces Exclusive Deal with CoolPlanet

Musanadah Announces Exclusive Deal with CoolPlanet

November 29, 2024 | Staff Reporter | KSA | Facilities Management

Musanadah, a leading Saudi-based facilities management company and wholly owned subsidiary of Alturki Holding has marked its exclusive partnership with CoolPlanet, a global leader in energy efficiency and decarbonization solutions headquartered in Ireland, with an official signing ceremony at the Irish Embassy in Riyadh. This collaboration marks a significant step in Musanadah’s mission to support the Kingdom’s Saudi Green Initiative and Vision 2030 economic diversification program, together with its commitment to achieving net zero emissions by 2060.

Under this strategic alliance, Musanadah has established a new specialist energy services division entitled Musanadah Energy and Sustainability Services and will combine its local market expertise and extensive relationships with CoolPlanet’s international engineering prowess to deliver innovative and comprehensive energy and sustainability services to both Saudi Arabia and Bahrain. These services are designed to help clients significantly reduce their carbon footprint, optimize energy usage, and unlock energy savings through advanced data-driven solutions.

    Partnership Announcement

  • Musanadah, a Saudi-based facilities management company, has partnered with CoolPlanet, an Irish leader in energy efficiency and decarbonisation
  • The collaboration aims to support Saudi Arabia’s Saudi Green Initiative and Vision 2030, with a goal of achieving net-zero emissions by 2060
  • New division, Musanadah Energy and Sustainability Services, will combine the expertise of both firms

Musanadah brings strong credentials, certified by Saudi Energy Efficiency Centre as an energy services company (ESCO), granted both a level 2 energy services companies license and level 3 industrial energy audit license. This development underscores its technical capability to manage end-to-end decarbonization and energy optimization solutions on a range of assets in the built environment, including megaprojects, oil and gas plants, and industrial facilities. From detailed assessments and advanced engineering analysis to complex engineering project delivery, Musanadah empowers its clients to make informed data-driven decisions. This is followed by ongoing, real-time monitoring, ensuring measurable results in terms of energy savings and carbon reduction.

“We are thrilled to partner with CoolPlanet to deliver world-class energy and sustainability services,” commented Rami Alturki, President & CEO of Alturki Holding, Musanadah’s parent company. “This partnership aligns with our dedication to drive impactful change, support the Kingdom's environmental targets, and deliver tangible results for our clients."

Speaking from the Irish Embassy in Riyadh, Norman Crowley, Chairman of CoolPlanet commented, "Today marks a pivotal moment as CoolPlanet exclusively partners with Musanadah to advance the Kingdom’s Vision 2030 Saudi Green Initiative and drive meaningful action toward net zero by 2060. Together, we’re not only elevating sustainability standards but also paving the way for impactful, innovative solutions that will set a benchmark for environmental stewardship across Saudi Arabia and beyond."

We are thrilled to partner with CoolPlanet to deliver world-class energy and sustainability services. This partnership aligns with our dedication to drive impactful change, support the Kingdom's environmental targets, and deliver tangible results for our clients.

Rami Alturki, President & CEO of Alturki Holding

Distinguishing the combined Musanadah and CoolPlanet offering is the ability to provide a full suite of services under one integrated digital platform. Clients benefit from seamless monitoring and management, from the plant room to the boardroom, using multiple data points that feed into a single enterprise-level solution. The platform delivers real-time insights through a custom-built, dynamic dashboard, showing a clear glide path to achieving energy savings and financial goals.

In addition to the robust technology platform, clients will benefit from Musanadah’s experienced support team on the ground in Saudi Arabia to guide and assist with decision-making. This combination of cutting-edge technology and hands-on support ensures clients fully realize the potential of their energy and sustainability programs.

With this collaboration, Musanadah and CoolPlanet are positioned to play a pivotal role in helping organizations across Saudi Arabia and Bahrain achieve their sustainability targets, reduce costs, and contribute to the region’s broader environmental goals.

For more news from facilities management companies, subscribe to the REM TIMES newsletter

Sweid & Sweid Awards Construction Contract for Sweid One

Sweid & Sweid Awards Construction Contract for Sweid One

International real estate agency Sweid & Sweid has awarded the construction contract for Sweid One, its AED 730 million Grade-A office development in Jumeirah Lakes Towers (JLT), to Dutco Construction. As a leading contractor known for major projects such as the Dubai Mall, Box Park and Marina Heights Tower, Dutco Construction has extensive expertise in delivering iconic projects.

City-Wide Heat Network to be Scaled in Bradford

City-Wide Heat Network to be Scaled in Bradford

Low-carbon city heat network developer 1Energy has secured £75m of investment and three anchor customers for its heat pump-powered network in the UK city of Bradford. With the support of its key

London-based Tembo Raises €16.8 Million

London-based Tembo Raises €16.8 Million

British digital savings and mortgage platform Tembo has secured €16.8 million in Series B funding, bringing its total funding to €24 million. The round was led by Goodwater Capital, with participation

IREM Establishes First Chapter in the UAE

IREM Establishes First Chapter in the UAE

At the IREM (Institute of Real Estate Management) Global Summit annual event, held in Indianapolis, Indiana from October 6-9, IREM’s Governing Council

DIFC Makes Amendments to Application Law

DIFC Makes Amendments to Application Law

Dubai's International Financial Court (DIFC) has made amendments to its Application Law, also known as the Application of Civil and Commercial Laws in

Riyadh’s Office Market Sees Strong Demand

Riyadh’s Office Market Sees Strong Demand

Riyadh’s office real estate market is experiencing strong growth, driven by heightened demand and a significant rise in rental values, a report showed recently.

Sobha Realty Partners With Data Firm WebEngage

Sobha Realty Partners With Data Firm WebEngage

In an industry-first move, Sobha Realty, a leading developer of luxury real estate across the Middle East and India, has joined forces with WebEngage, an industry leader in marketing automation, to revolutionise customer engagement through AI and data-driven insights.

Vienna-Based PropTech iDWELL Secures €10 Million

Vienna-Based PropTech iDWELL Secures €10 Million

Austrian PropTech company iDWELL has announced the successful completion of its financing round, raising around €10 million from renowned investment firm Knight Capital, alongside existing international investors such as Flashpoint Venture Capital and Wecken & Cie.

AI Poised to Transform FM Landscape: CBRE

AI Poised to Transform FM Landscape: CBRE

Artificial intelligence (AI) is set to transform the future landscape of facilities management, according to global real estate advisor, CBRE, who says early

IREM UAE Chapter Officially Approved

IREM UAE Chapter Officially Approved

The Institute of Real Estate Management (IREM) has officially approved the establishment of the UAE Chapter, marking a significant milestone in the region’s real estate management

Rasmala Expands UK Real Estate Portfolio

Rasmala Expands UK Real Estate Portfolio

Rasmala, a leading alternative investment firm, announced the successful investments of three major real estate assets in the UK for its Rasmala Long Income

Property Finder Launches New Campaign

Property Finder Launches New Campaign

Property Finder - MENA’s leading property portal has launched its new brand campaign ‘A home for every life’ focusing its ambition to help home seekers find

Abu Dhabi to Get the World’s Second Sphere

Abu Dhabi to Get the World’s Second Sphere

he Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Sphere Entertainment Co. announced that they will work together to bring the world's second Sphere to Abu Dhabi. This next

Union Properties Launches Takaya Project

Union Properties Launches Takaya Project

Union Properties has officially launched its new ‘Takaya’ project in Dubai Motor City, the Company’s latest milestone in Dubai’s real estate landscape designed to redefine sophisticated

Coldwell Banker Facilitates JV Worth AED 175m

Coldwell Banker Facilitates JV Worth AED 175m

Global leader of realty brokerage, Coldwell Banker recently facilitated a high net-worth joint venture that is poised to redefine the luxury residential real estate in the UAE. Positioned as

Münster-Based PropTech Syte Secures €5 Million

Münster-Based PropTech Syte Secures €5 Million

Syte, an AI-driven solution for the real estate industry founded in 2021, has recently raised around €5 million in a seed funding round aimed at accelerating the digitalisation and decarbonisation of the property sector.

Sharjah Observes World Cleanup Day

Sharjah Observes World Cleanup Day

In a powerful demonstration of community spirit and environmental commitment, Sharjah Sustainable City, Sharjah City Municipality, and BEEAH joined forces

Walmart Explores 3D Printing for Retail Construction

Walmart Explores 3D Printing for Retail Construction

Walmart is venturing into 3D concrete printing as a novel approach to building retail spaces, partnering with Colorado-based Alquist 3D to create an 8,000-square-foot addition to its store in

Adam Neumann’s Flow Opens Co-living Community in KSA

Adam Neumann’s Flow Opens Co-living Community in KSA

Flow, the co-living venture founded by WeWork’s Adam Neumann, is making a splash in Riyadh with the opening of its first high-end residential compound, boasting 238 furnished apartments. Rent for the stylish units starts at $3,500 a month and the property includes a

PropTech PRYPCO Sets New Records

PropTech PRYPCO Sets New Records

PRYPCO, Dubai-based PropTech start-up, has announced a major milestone. In August 2024, PRYPCO Mortgage disbursed over half a billion dirhams (AED 500,000,000+) in mortgages. This represents the highest volume of disbursals in a single month by PRYPCO Mortgage, demonstrating its rapid expansion and demand.

Al Bonian FM Welcomes New CEO

Al Bonian FM Welcomes New CEO

Al Bonian Facilities Management, a provider of bespoke and integrated facilities management solutions in the UAE with a strong, established background in

US Housing Supply Hits Four-Year High

US Housing Supply Hits Four-Year High

In welcome news for US home buyers craving more options, there are now more properties on the market than there have been in at least four years,

Indian PropTech HouseEasy Raises US$7 Million

Indian PropTech HouseEasy Raises US$7 Million

HouseEazy, an Indian marketplace for resale homes, has raised US$ 7 million from investors in a series-A funding round. The round was a mix of equity and debt led by Chiratae Ventures and saw participation from Alteria Capital and

Pinnacle Group Boosts Affordable Housing Portfolio

Pinnacle Group Boosts Affordable Housing Portfolio

Pinnacle Group, a provider of housing and community-facing neighbourhood services across the UK, is set to offer more affordable accommodation across the country as it boosts its portfolio by 250 homes.

NEOM Procures Fleet of Electric Hydrofoil Ships

NEOM Procures Fleet of Electric Hydrofoil Ships

The Saudi Arabian regional development of NEOM has procured an initial batch of eight electric hydrofoil ships from Candela to service the planned sustainable water network. Candela P-12 was launched last year and is set to debut in Stockholm’s public transport industry during autumn 2024.

HITEK Expands Footprint in Saudi Arabia

HITEK Expands Footprint in Saudi Arabia

Leading smart facilities management (FM) solutions company HITEK Services, which is part of the Farnek group of companies, has acquired multiple prestigious contracts in Saudi Arabia, cementing its leadership in the delivery of cutting-edge FM solutions across the kingdom.

Singapore Introduces Measures to Cool Public Housing Market

Singapore Introduces Measures to Cool Public Housing Market

Singapore has tightened the maximum loan that home buyers can take out in a bid to cool the country’s public housing resale market. From now, buyers of Housing Development Board (HDB) flats won’t be allowed to borrow as much as before.

Facilities Management: NFPA, Aramco Sign MoU

Facilities Management: NFPA, Aramco Sign MoU

The National Fire Protection Association (NFPA) and Aramco, one of the world’s leading integrated energy and chemicals companies, have signed a Memorandum of Understanding (MoU) to collaboratively develop fire, electrical, and life safety regulations, promote educational initiatives, and share expertise to safeguard lives and property within the Kingdom’s energy, facilities management and petrochemicals industry.

Meteora Acquires Real Estate Platform Maisour

Meteora Acquires Real Estate Platform Maisour

In a strategic move aimed at revolutionising UAE’s real estate investment landscape, Dubai-based Meteora Developers has announced the multi-million dollar acquisition deal of Maisour, a DIFC-based property crowdfunding platform.

Al Mal Capital REIT Announces Interim Dividend

Al Mal Capital REIT Announces Interim Dividend

Al Mal Capital REIT (AMCREIT), the first REIT listed on DFM, regulated by the Securities and Commodities Authority, and managed by Al Mal Capital PSC (Al Mal Capital), a subsidiary of Dubai Investments PJSC, has announced an interim dividend for the six months ended June 30, 2024 amounting to AED 15,416,697 (as against AED 12,252,240 for six months ended December 31, 2023).

VeriEstate to Debut as Dubai’s Premier PropTech Startup

VeriEstate to Debut as Dubai’s Premier PropTech Startup

VeriEstate, a Dubai-based PropTech startup, is set to transform the real estate industry with its innovative all-in-one property assessment platform. Registered with the DIFC Innovation Hub, the largest innovation ecosystem in the region.

Saudi Real Estate Firm Plans Green Skyscraper

Saudi Real Estate Firm Plans Green Skyscraper

Magnom Properties, the real estate arm of Riyadh-based energy giant Rawabi Holding, plans to break ground early next year in Egypt's new capital on a $1 billion, 50-storey office tower that aims to be the first of its kind to be powered by clean hydrogen.

Real Estate Major Arada Marks International Debut

Real Estate Major Arada Marks International Debut

Arada has announced its first expansion outside its home UAE market with the launch of operations in Australia. The Dubai-based master developer has set up a new office in the Sydney suburb of

Facilities Management: Emrill Achieves Efficiency Improvements

Facilities Management: Emrill Achieves Efficiency Improvements

UAE-based integrated facilities management provider Emrill has made significant progress in its continuous improvement journey, launching initiatives that have not only transformed the organisation’s internal processes but also significantly benefited its clients through enhanced service delivery, efficiency and innovation.

San Jose’s Housing Project Targets People with Disabilities

San Jose’s Housing Project Targets People with Disabilities

A two-story affordable housing development is on the way to bringing 40 apartments to adults with developmental disabilities and low-income residents in Cupertino on a narrow strip of land on Mary Avenue. The project along Mary Avenue could bring about 40 affordable apartments to the city in a unique mix — 19 apartments designated for adults and families with children who have developmental disabilities and 20 for low-income residents. The two-story project is slated for a narrow, roughly 0.79 a

Rome-based Rent2Cash Closes €3m

Rome-based Rent2Cash Closes €3m

Rent2Cash, an Italian startup bringing rental advance services to landlords, offering upfront payouts of up to three years’ rent, has raised a €3 million pre-seed round and launched operations in Italy. The investment is financed by major Italian banking groups, as well as institutional investors and business angels.

Foreign Investment in US Residential Real Estate Plummets

Foreign Investment in US Residential Real Estate Plummets

According to a new report from the National Association of Realtors, foreign buyers purchased $42 billion worth of US existing homes from April 2023 through March 2024, retreating 21.2% from the prior 12-month period. International buyers purchased 54,300 properties, down 36% from the previous year and the fewest number of homes bought since 2009 when NAR began tracking this data. Overall, US existing home sales totaled 4.09 million in 2023, down 18.7% from 2022, and the lowest level since 1995.

Riyadh Emerging as Regional Business Hub: Savills

Riyadh Emerging as Regional Business Hub: Savills

Riyadh’s office market continued its strong performance in Q2 2024, as per the latest Saudi commercial market report by Savills, reflecting the strength of the non-oil sector. This sector is considered a key driver of the economy, and it grew by a solid 3.4% year-on-year in the first quarter of this year, exceeding initial estimates. Continued non-oil activity is expected to propel GDP growth to a projected 5% this year.

Electric Vehicle Charging Hub Goes Live in Dundee

Electric Vehicle Charging Hub Goes Live in Dundee

What claims to be Scotland’s most powerful electric vehicle (EV) charging hub has opened in the city of Dundee. Installed by energy major SSE, the Myrekirk roundabout site will feature a total of 24

Obhur City Partners with Tamimi Markets

Obhur City Partners with Tamimi Markets

Obhur City, managed by Osool Integrated Real Estate Company, is proud to announce the official partnership and grand opening of Tamimi Markets, located in

Wilo Empowers Future Leaders

Wilo Empowers Future Leaders

Wilo Group, a leading manufacturer and digital pioneer in the pumps industry, empowered and educated students and youth at the Young Future Energy

Canberra Tackles Embodied Carbon Emissions

Canberra Tackles Embodied Carbon Emissions

The Australian city of Canberra has secured agreement at a national meeting of building ministers to establish a nationally consistent approach to measuring

Daikin Celebrates 100th Anniversary

Daikin Celebrates 100th Anniversary

Daikin celebrates its 100th anniversary marking a century of pioneering innovation and unwavering commitment to excellence in the HVAC-R industry, bringing

Stake Raises $14m to Expand into Saudi Market

Stake Raises $14m to Expand into Saudi Market

Stake, the leading digital platform for real estate investment, has successfully raised $14million in a recent funding round. The investment was led by Middle East Venture Partners (MEVP), with participation from Aramco’s Wa’ed Ventures, Mubadala Investment Company, Al Jomaih Holding, and the US-based

Al-Futtaim Sets New Guinness World Record

Al-Futtaim Sets New Guinness World Record

Building on its historic collaboration with COP28 as Strategic E-Mobility Partner and its commitment to sustainable actionism, Al-Futtaim Group, one of the

Dallas to Advance Charging Infrastructure

Dallas to Advance Charging Infrastructure

The city of Dallas, America’s fourth-largest metro area, has announced it is aiming to improve air quality through electrifying the city’s vehicle fleet by 2040.

Thai Real Estate Witnesses Slump in 2024

Thai Real Estate Witnesses Slump in 2024

The transfer of residential property to buyers in Thailand in the first quarter of 2024 fell 13% from the same period last year, the Government Housing Bank’s

Chinese Govt Steps in to Fix Real Estate Crisis

Chinese Govt Steps in to Fix Real Estate Crisis

China recently announced steps to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) China recently announced steps to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy "some" apartments. Investors hoped the measures marked the beginning of more decisive government intervention to compensate for waning dem

Dubizzle Group Acquires Drive Arabia

Dubizzle Group Acquires Drive Arabia

Dubizzle Group, the premier online classifieds platform in the Middle East, reinforces its dominance in the automotive sector throughout the MENA region

European CRE at an All-Time Low

European CRE at an All-Time Low

European commercial real estate deal making fell to a 13-year low at the start of 2024, as fading hopes of imminent interest rate cuts prolonged the slump in

UK Operator Expands EV Charging Network

UK Operator Expands EV Charging Network

UK motorway and trunk road service area operator Roadchef has opened its latest High-Powered Super Hub with electric vehicle charging at Rownhams

Indian PropTechs Ride the Unicorn Wave

Indian PropTechs Ride the Unicorn Wave

The demand momentum in the Indian real estate market, especially the residential segment, has spurred the growth of PropTechs, some of which have

Office Vacancies in the US near 20%

Office Vacancies in the US near 20%

The office sector vacancy in the United States set a new record last quarter, inching up to a 19.8% vacancy rate, up from 19.6% the prior quarter and surpassing two

DGHR Launches Health and Safety Guide

DGHR Launches Health and Safety Guide

In line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Dubai Government Human Resources Department (DGHR) launched the

Emrill and Clemtech Partner for Advancement of Rail Sector

Emrill and Clemtech Partner for Advancement of Rail Sector

Award-winning UAE-based facilities management service provider Emrill has launched Emrill Rail, its latest division providing comprehensive solutions tailored to the unique needs of the country’s railway supply industry. Emrill Rail has strategically partnered with Clemtech, a leader

Burj Khalifa Receives LEED Platinum Certification

Burj Khalifa Receives LEED Platinum Certification

Through its sustainability and consultancy division, leading UAE-based smart and green total FM company Farnek, has enabled the Burj Khalifa to achieve LEED O+M Platinum Certification, the

Employee Happiness Awards Begins Nominations

Employee Happiness Awards Begins Nominations

Employee Happiness Awards is set to shine a spotlight on the on-going transformations across the human resources (HR) landscape, especially in the context of employee experience and wellness.

Oxford to Develop Industrial Decarbonisation Roadmap

Oxford to Develop Industrial Decarbonisation Roadmap

The UK city of Oxford is developing a roadmap outlining how industry can decarbonise in line with the city’s net zero ambitions. Oxford City Council, on behalf of the Zero Carbon Oxford Partnership, has received £265,032 from the

Deyaar Facilities Management Unveils New Identity

Deyaar Facilities Management Unveils New Identity

Deyaar Facilities Management, a leading facility management (FM) solutions provider and subsidiary of Deyaar Development PJSC, has announced its rebranding as Ontegra to embark on a progressive future towards integrated, technology-driven solutions in the FM industry. This

GCCE 2024 Concludes on a Grand Note

GCCE 2024 Concludes on a Grand Note

The Global Clean Cities Expo 2024 held under the patronage of the UAE Ministry of Climate Change and Environment in Dubai on March 5 and 6 concluded

Property Finder Appoints New CTO

Property Finder Appoints New CTO

PropTech portal Property Finder has appointed Himanshu Niranjani as Chief Technology Officer and Vladimir Malugin as UAE Country Manager. As PropTech

Perth Property Market Favoured by Investors

Perth Property Market Favoured by Investors

Perth's real estate market is red hot, with some interstate buyers significantly overpaying for Perth homes after battling it out in a bidding war. According to

Driving Innovation in Cleaning Technology

Driving Innovation in Cleaning Technology

ServeU, a subsidiary of Union Properties and a leading facilities management (FM) solutions provider in the UAE, has integrated cutting-edge robots into its

Indian PropTech Amber Bags $21 Million

Indian PropTech Amber Bags $21 Million

Student accommodation platform Amber has bagged $21 million in a funding round led by private equity firm Gaja Capital. The funding comprises $18.5 million

Roam Raises $1.25M in Seed Funding

Roam Raises $1.25M in Seed Funding

Roam, a real-estate company that helps buyers purchase homes with assumable low-rate mortgages, has raised $1.25 million in seed funding. Founded by

Saudi PropTech Rize Secures $2.9m Funding

Saudi PropTech Rize Secures $2.9m Funding

Saudi Arabia-based PropTech start-up Rize, which operates a rent now, pay later platform, has raised $2.9 million to fund its expansion across the kingdom. The new seed round drew investments from

RealReports Secures $2Million in Seed Round

RealReports Secures $2Million in Seed Round

RealReports, a PropTech firm formerly known as BHR, has successfully raised $2 million in a seed funding round led by TTV Capital, Moderne Ventures, Erez Capital, alongside other

Property Portal Rightmove Acquires HomeViews

Property Portal Rightmove Acquires HomeViews

Rightmove plc, UK’s largest property portal, announced its acquisition of HomeViews Platform Limited for £8 million on February 1, 2024. HomeViews is known

Introducing Marrfa: A New PropTech Venture

Introducing Marrfa: A New PropTech Venture

Days after quitting B2B fashion start-up Fashinza, its co-founder Jamil Ahmad has launched a full stack managed real-estate marketplace Marrfa. A SaaS start-

Leading Sustainable Enthusiasts to Meet at Global Clean Cities Expo 2024

Leading Sustainable Enthusiasts to Meet at Global Clean Cities Expo 2024

B2B events’ organiser TAB Group presents Global Clean Cities Expo 2024 (GCCE 2024), which is set to take place on 𝗠𝗮𝗿𝗰𝗵 5 and 6 at 𝗠𝗶𝗹𝗹𝗲𝗻𝗻𝗶𝘂𝗺 𝗣𝗹𝗮𝘇𝗮 𝗗𝗼𝘄𝗻𝘁𝗼𝘄𝗻 𝗛𝗼𝘁𝗲𝗹, 𝗗𝘂𝗯𝗮𝗶. Held under the

The Future of Lifestyle Revolution

The Future of Lifestyle Revolution

With thousands of communities counting on our expertise in India, NoBrokerHood is looking forward to extending this triumph and trust on an international

APAC CRE Investment Rose in Q4 2023: JLL

APAC CRE Investment Rose in Q4 2023: JLL

Commercial real estate (CRE) investment in Asia Pacific rose 3% year-on-year (YoY) in Q4 2023 to US$31.6 billion, reversing seven consecutive quarters of

Bayut Lists Top Places in Abu Dhabi to Invest in

Bayut Lists Top Places in Abu Dhabi to Invest in

Abu Dhabi real estate investors saw returns of more than 8% on selected properties in the city last year, according to data from the Bayut Annual Sales Report for Abu Dhabi in 2023. Property specialists Bayut released

Urbanise FM and Building Facilities Sign Agreement

Urbanise FM and Building Facilities Sign Agreement

Urbanise FM has signed a three-year partnership with Building Facilities Pty Ltd. With over a decade of industry experience, Building Facilities Pty Ltd is committed to simplifying project management and optimising building facility

Rently Launches Services in Singapore

Rently Launches Services in Singapore

Rently, a Singapore-based startup that combines finance and property tech, has launched its services in the city-state – its first market. The company said that it is currently in the seed stage and is

AirBrick Targets $3 Million Sales

AirBrick Targets $3 Million Sales

AirBrick, a tech-driven commercial design and build brand in India, has announced its plans for future expansion and growth.  With a commitment to integrate

RERA Joins Hands with Zand Digital Bank

RERA Joins Hands with Zand Digital Bank

The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (DLD), has signed a memorandum of understanding with ‘Zand

Etisalat FM Welcomes New Director

Etisalat FM Welcomes New Director

Etisalat Facilities Management, offering innovative, integrated and sustainable facility management solutions for large infrastructure projects, welcomed Ibrahim

CBRE Appointed To Manage Bahrain Tower

CBRE Appointed To Manage Bahrain Tower

Global real estate advisor CBRE has been exclusively appointed by Bahrain’s Future Generation Reserve Fund (FGF) as property manager and leasing

Al-Futtaim Partners with UL Solutions

Al-Futtaim Partners with UL Solutions

The leading provider of holistic and 360-degree technology solutions in the building industry, Al-Futtaim Engineering & Technologies announced its strategic

E-bike Start-up Raises €580k

E-bike Start-up Raises €580k

British startup GIN E-Bikes announced it has raised €580k from Toloka.vc, a Ukrainian venture capital syndicate. The London-based manufacturer of hybrid e-

HouseEazy Raises $1 Million in Seed Round

HouseEazy Raises $1 Million in Seed Round

HouseEazy, an online marketplace for pre-owned homes, has raised $1 million in a seed round led by Antler along with participation from India Accelerator, AC

GetSetHome Bags Funding Worth $1 Million

GetSetHome Bags Funding Worth $1 Million

Mumbai-based GetSetHome, an online platform that manages and provides accommodations on rent, has raised $1 million in a seed funding round from

Prevu Raises $6 million in Series A

Prevu Raises $6 million in Series A

Real estate tech firm Prevu announced a Series A financing round of $6 million. Citi, RiverPark Ventures, Metropolis Ventures, Simplex Ventures, Winklevoss

YourOwnROOM Inks $4 Million Deal

YourOwnROOM Inks $4 Million Deal

YourOwnROOM, a leading PropTech company, has inked a monumental $4 million partnership deal with Rushmore Estates to embark on a pioneering

Demand for Green Buildings on the Rise

Demand for Green Buildings on the Rise

Occupier demand for sustainable buildings in the UK has risen, and global appetite for green buildings is on the rise, but legislative uncertainty and lack of

Detroit Company Revela Raises $9 Million

Detroit Company Revela Raises $9 Million

The multi-billion-dollar property management space has long needed a software revamp. Many solutions are outdated while others are spread thin to provide

UK PropTech Secures £1.5 Million

UK PropTech Secures £1.5 Million

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

Sydney Installs Gauges to Combat Urban Heat

Sydney Installs Gauges to Combat Urban Heat

Two hundred bespoke temperature gauges are being strategically positioned across the city of Sydney to accurately measure local heat island effects and help

COP28: Wilo Discusses New Water Solutions

COP28: Wilo Discusses New Water Solutions

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

Property Firms Urged to Explore REITs

Property Firms Urged to Explore REITs

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

Security Market Embracing Cloud Solutions

Security Market Embracing Cloud Solutions

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

HITEK MD Joins Experts at Expo City Dubai

HITEK MD Joins Experts at Expo City Dubai

Javeria Aijaz, Managing Director of UAE-based technology services company HITEK part of the Farnek Group, joined industry experts to deliver a presentation

Egyptian PropTech Expands To Greece

Egyptian PropTech Expands To Greece

Egyptian proptech start-up Partment, which provides diverse second home co-ownership opportunities, has expanded to Greece following a five-fold increase

Japanese Housebuilders Look For US M&As

Japanese Housebuilders Look For US M&As

Three of Japan’s biggest developers are “aggressively” shopping for housebuilders to buy in the US as they hunt growth outside their shrinking domestic

Blackstone Set To Invest Across Europe

Blackstone Set To Invest Across Europe

Stephen Schwarzman, the CEO of American investment management firm Blackstone, is eyeing investment opportunities as the asset management giant

Japanese Housebuilders Look For US M&As

Japanese Housebuilders Look For US M&As

Three of Japan’s biggest developers are “aggressively” shopping for housebuilders to buy in the US as they hunt growth outside their shrinking

Pi Labs Ventures Into Hong Kong

Pi Labs Ventures Into Hong Kong

Europe’s proptech-focused venture capital firm Pi Labs has expanded internationally through the creation of a new Hong Kong outpost.

UAE Records Increase In Live IT Capacity

UAE Records Increase In Live IT Capacity

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

Farnek Obtains Full ESCO Accreditation

Farnek Obtains Full ESCO Accreditation

Leading UAE-based smart and green facilities management company Farnek has been granted full accreditation as an Energy Services Company (ESCO)

Roadmap To Boost EV Charging In Adelaide

Roadmap To Boost EV Charging In Adelaide

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

Council Aims For Zero Carbon Homes By 2025

Council Aims For Zero Carbon Homes By 2025

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

Warsaw Targets Climate Neutrality

Warsaw Targets Climate Neutrality

Poland’s capital Warsaw has become the country’s first city to join the Green Cities framework, the European Bank of Reconstruction and Development

Paris-based Upway Bags €27.6 million

Paris-based Upway Bags €27.6 million

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

GCC Nations Lead Middle East, Africa in Sustainability

GCC Nations Lead Middle East, Africa in Sustainability

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.

Wilo Highlights Future of Pumps Technology

Wilo Highlights Future of Pumps Technology

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,

Farnek Awards Top Sustainable Suppliers

Farnek Awards Top Sustainable Suppliers

UAE-based smart and green facilities management (FM) company Farnek, has acknowledged its two top suppliers for their commitment to sustainability and a

Chilean Proptech Raises $3.4 Million

Chilean Proptech Raises $3.4 Million

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.

Silkhaus Announces UAE Expansion

Silkhaus Announces UAE Expansion

Silkhaus (www.silkhaus.com), a cutting-edge proptech start-up dedicated to revolutionising short-term rentals across the Middle East and Asia, has announced

Masdar City Collaborates With Oracle

Masdar City Collaborates With Oracle

Masdar City, a pioneering sustainable urban community and a world-class business and technology hub in Abu Dhabi, and Oracle joined forces through a

AI Features To Ease Community Woes

AI Features To Ease Community Woes

American software provider CINC Systems has launched new artificial intelligence (AI) features within its apps that give homeowners easy access to critical

Developers Urged To Embrace AI In Nigeria

Developers Urged To Embrace AI In Nigeria

The Chief Executive Officer of Data Science Nigeria, Dr Olubayo Adekanmbi, has charged engineers to leverage artificial intelligence for the development of

Emrill and Kärcher Celebrate Cleaner Day

Emrill and Kärcher Celebrate Cleaner Day

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 To Take Part In Two Proptech Events

Munjz To Take Part In Two Proptech Events

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

E-mobility Partner Announced For COP 28

E-mobility Partner Announced For COP 28

Middle Eastern business conglomerate Al-Futtaim Group has been announced as the Strategic E-Mobility Partner of the 2023 United Nations Climate Change

Nomad Homes Bags $20 Million In Series A

Nomad Homes Bags $20 Million In Series A

Nomad Homes, a software-enabled marketplace for residential real estate across Europe and the Middle East (EMEA), announced that it has closed a $20

COP28 Sparks Green Transformation In Dubai

COP28 Sparks Green Transformation In Dubai

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 Proptech Ejari Raises $1 Million

Saudi Proptech Ejari Raises $1 Million

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 Raises $6.5 Million In Seed Funding

Keyper Raises $6.5 Million In Seed Funding

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

Proptech Investor Gruhas Backs Qdesq

Proptech Investor Gruhas Backs Qdesq

Qdesq, a flexible workspace marketplace, has secured an undisclosed amount in a fresh funding round from proptech-focused venture capital firm Gruhas.

Emrill Energy Holds Efficiency Workshop

Emrill Energy Holds Efficiency Workshop

Emrill Energy, a division of leading integrated facilities management company Emrill, hosted an energy efficiency workshop for industry stakeholders and

Khansaheb Adopts Battery Energy Storage

Khansaheb Adopts Battery Energy Storage

Khansaheb has teamed up with AJI Rentals to use Ampd Energy’s ‘Enertainer’ to power two tower cranes on its flagship project, Serenia Living

Mplus Expands Service Offering

Mplus Expands Service Offering

Property maintenance services provider mplus has launched total commercial kitchen maintenance solutions as part of the company’s ongoing commitment to

Apleona Acquires Stake In Irish Firm

Apleona Acquires Stake In Irish Firm

Apleona, a leading European integrated FM company based in Neu-Isenburg near Frankfurt (Main), has acquired a stake in Eastway, an Irish firm specialising

Imdaad Bags Three-Year Contract From SOAMS

Imdaad Bags Three-Year Contract From SOAMS

Imdaad, one of the leading integrated facilities management companies in the region, has secured a major three-year service contract from the Sports City

EWEC and Masdar Sign Purchase Agreement

EWEC and Masdar Sign Purchase Agreement

EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing, and supply of water and electricity

Clean Energy Bus Routes Launched In Antibes

Clean Energy Bus Routes Launched In Antibes

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

Digital Platform PEXA Expands Horizons

Digital Platform PEXA Expands Horizons

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

Newcastle Set To Improve Air Quality

Newcastle Set To Improve Air Quality

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

Musanadah Receives IAM Membership

Musanadah Receives IAM Membership

Leading Saudi integrated facilities management organization, Musanadah, has announced that it has been granted the Institute of Asset Management (IAM)

Fundrise Invests In Two Proptech Platforms

Fundrise Invests In Two Proptech Platforms

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

London Lags Behind In Net Zero Target

London Lags Behind In Net Zero Target

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

ENBT REIT Gets New Chairman

ENBT REIT Gets New Chairman

ENBD REIT (CEIC) PLC, the Sharia compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced that Dr

Ukraine To Get Mobile Nanogrids

Ukraine To Get Mobile Nanogrids

Global climate-resilience solution specialist Sesame Solar has committed to donate four mobile nanogrids to Ukraine to provide off-grid renewable

Kingston Council Focuses On Climate Action

Kingston Council Focuses On Climate Action

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

Property Portal Bayut Unveils BayutGPT

Property Portal Bayut Unveils BayutGPT

Pioneering property portal Bayut has further revolutionised the hunt for a new home or real estate investment by leveraging the latest artificial intelligence technology.

ValuStrat Expands Services In Qatar

ValuStrat Expands Services In Qatar

International consultancy ValuStrat has expanded its valuation services in Qatar with new lines of business. Since its arrival in Qatar a decade ago, ValuStrat

Pareto Enters Europe And North America

Pareto Enters Europe And North America

UK-based facilities service provider, Pareto, has formally entered the European and North American facilities management market. The move into these new

Salik Moves To New Eco-Friendly Office

Salik Moves To New Eco-Friendly Office

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

American Firm Launches AI Agent Maya

American Firm Launches AI Agent Maya

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

Avenue Living Passes $5 Billion In Assets

Avenue Living Passes $5 Billion In Assets

With its latest acquisitions, Canadian asset management firm has surpassed $5 billion in assets under management, with continued growth on the horizon.

UK Residents Open To Decarbonisation Tax

UK Residents Open To Decarbonisation Tax

Two-thirds (66%) of UK respondents would support a New York-inspired ‘brown tax’ to help decarbonise commercial buildings exceeding set emission limits,

Cop28 To Host Climate Action Summit

Cop28 To Host Climate Action Summit

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 Secures $10 million In Seed

Qbiq Secures $10 million In Seed

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

PGIM Strikes Deals in Australia, China

PGIM Strikes Deals in Australia, China

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

Silkhaus Appoints Founding GM For KSA

Silkhaus Appoints Founding GM For KSA

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 Partners With Six Industry Giants

Munjz Partners With Six Industry Giants

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

KAFD Development To Get A Smart City Platform

KAFD Development To Get A Smart City Platform

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

FoxyAI Comes Out With GPT Model

FoxyAI Comes Out With GPT Model

FoxyAI, a proptech leader in real estate visualisation and property intelligence, has launched FoxyAI-GPT (https://foxyai.com/foxyai-gpt/), a highly

Amantra FM, AtmosAir Join Hands

Amantra FM, AtmosAir Join Hands

Amantra FM, a Dubai-based niche facilities management company, has announced a partnership with the US-headquartered AtmosAir, a global leader in

Proptech Start-up Lists On Nasdaq

Proptech Start-up Lists On Nasdaq

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 To Devise Travel Solutions For KAFD

Careem To Devise Travel Solutions For KAFD

Careem, the region’s leading multi-service platform, has partnered with King Abdullah Financial District Development & Management Company (KAFD DMC),

Eurovent To Launch Leadership Academy

Eurovent To Launch Leadership Academy

Eurovent Middle East, the region’s HVACR industry association, is set to launch a leadership academy and provide certified training to MEP engineers and

Wates To Decarbonise Van Fleet

Wates To Decarbonise Van Fleet

Building and property maintenance company, Wates, has accelerated plans to decarbonise its commercial van fleet with a major investment to replace 45 small

Michael Moore Joins Currie & Brown

Michael Moore Joins Currie & Brown

Leading provider of cost management, project management and advisory services Currie & Brown has recruited Michael Moore to join their growing team in

Aldar Estates Acquires FAB Properties

Aldar Estates Acquires FAB Properties

Aldar Estates, the region’s largest integrated property and facilities management company, has added further scale to its business with the acquisition of FAB

David Glennon Joins The Team Of Mace

David Glennon Joins The Team Of Mace

Mace, the global construction and consultancy firm, has announced the appointment of David Glennon as the new Group Head of Digital Engineering.  David

NMDC Awards Contracts To Turner Arabia

NMDC Awards Contracts To Turner Arabia

Saudi-based New Murabba Development Company (NMDC) has awarded Turner Arabia, a leading construction management consultancy, with a significant

Flexible Payment Plan Launched In Egypt

Flexible Payment Plan Launched In Egypt

Madinet Masr, one of Egypt’s leading urban community developers, has unveiled its latest innovative concept, Touba, a transformative solution that redefines

Proptech Listing Loop Secures $2.1 Million

Proptech Listing Loop Secures $2.1 Million

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

David Kaleta Joins The Team Of Emrill

David Kaleta Joins The Team Of Emrill

UAE-based facilities management (FM) services provider, Emrill, has appointed David Kaleta as the head of technical. Kaleta will develop and implement

Dubai Municipality Launches New Portal

Dubai Municipality Launches New Portal

Dubai Municipality has launched a new online portal that provides property owners easy access to their land and property data, including construction licences

London Expands Ultra Low Emission Zone

London Expands Ultra Low Emission Zone

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

Luxury Presence Unveils Presence Copilot

Luxury Presence Unveils Presence Copilot

Luxury Presence, a leading proptech start-up that provides growth marketing solutions to more than 9,000 agents, teams and brokerages, recently unveiled

Plunk and Xome Join Forces

Plunk and Xome Join Forces

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

Munjz Witnesses Remarkable Growth

Munjz Witnesses Remarkable Growth

Munjz, the Saudi-based, proptech cloud platform designed to cater to KSA property owners and developers, has set a new precedent within the property

Yarn Cloud Committed To Vision 2030

Yarn Cloud Committed To Vision 2030

Reiterating its commitment to Saudi Arabia’s Vision 2030, Yarn Cloud, a Saudi-based pioneer in property management solutions, has said the company’s

Realtair Steps Into New Zealand

Realtair Steps Into New Zealand

Australian proptech company Realtair has kicked off the start of its international expansion programme, moving into New Zealand. According to Realtair Chief

UK Council Launches Solar Car Port

UK Council Launches Solar Car Port

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

Emrill Enhances Command Centre with VR

Emrill Enhances Command Centre with VR

Leading UAE-based total facilities management (FM) service provider Emrill has enhanced its command centre with virtual reality (VR) technology capabilities

Sook To Partner With Mall Of Africa

Sook To Partner With Mall Of Africa

Sook, the proptech innovator reinventing how retail space is used, announced its partnership with Mall of Africa (MoA), a premier retail destination in South

Saudi Arabia’s PIF Establishes FMTECH

Saudi Arabia’s PIF Establishes FMTECH

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

UTOVILLE Launches SAAS-based Platform

UTOVILLE Launches SAAS-based Platform

Philippines-based proptech company UTOVILLE has officially launched its SaaS-based ‘Property Management Platform’, a complete solution catering to premium residences in the

Aldar Properties Appoints Faisal Falaknaz

Aldar Properties Appoints Faisal Falaknaz

Aldar Properties has appointed Faisal Falaknaz as Group Chief Financial and Sustainability Officer (GCFSO), further strengthening the Emirati representation

WELL Spreads Its Wings Across Middle East

WELL Spreads Its Wings Across Middle East

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

Boston Eliminates Use Of Fossil Fuels

Boston Eliminates Use Of Fossil Fuels

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

Seoul To Become A Robot-Friendly City

Seoul To Become A Robot-Friendly City

The Seoul Metropolitan Government (SMG) has set out its plans to become a “robot-friendly” city. Announcing the Seoul Comprehensive Robotics Industry

Saudi Ranks 57 In Energy Transition Index

Saudi Ranks 57 In Energy Transition Index

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

Riyadh To Build Centre For AI

Riyadh To Build Centre For AI

In a bid to accelerate the growth of advanced technologies like artificial intelligence, Saudi Arabia’s Prime Minister and Crown Prince Mohammed bin Salman

Minneapolis Comes Up With A Climate Plan

Minneapolis Comes Up With A Climate Plan

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 rise of underground climate change

The rise of underground climate change

According to scientists, the ground beneath us is heating up and giving rise to the phenomenon of “underground climate change” and our civil

Indian Proptech Altre Raises $1 Million

Indian Proptech Altre Raises $1 Million

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

Mitie Gets New Contract From Phoenix

Mitie Gets New Contract From Phoenix

Mitie has been awarded a new contract worth £62 million by pensions and savings firm Phoenix Group to carry out integrated facilities management

Aramco VC Invests In AI Firm Tenderd

Aramco VC Invests In AI Firm Tenderd

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

Proptech Firm Lamudi Lays Off Employees

Proptech Firm Lamudi Lays Off Employees

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

Morgan Sindall to Decarbonise Homes

Morgan Sindall to Decarbonise Homes

Morgan Sindall Property Services has been chosen by social housing provider Longhurst Group to uprate the energy efficiency of hundreds of homes

Housing.com Ties Up With FinBox

Housing.com Ties Up With FinBox

Housing.com, India’s leading proptech platform, has collaborated with credit infrastructure provider FinBox to introduce a new service that allows customers to

Scotland Invests £20 million in Net Zero

Scotland Invests £20 million in Net Zero

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

LONGi to Invest in Green Hydrogen in Egypt

LONGi to Invest in Green Hydrogen in Egypt

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

Ripple Labs to Tokenize Real Estate  

Ripple Labs to Tokenize Real Estate  

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

Start-up Raises Funds from Ex-Meta CD

Start-up Raises Funds from Ex-Meta CD

Real estate startup OfficeBanao, which raised $6million from Lightspeed in April this year, has once again raised funds from three angel investors, including

Mplus Appoints Sales Manager

Mplus Appoints Sales Manager

Property maintenance services provider mplus has appointed Marie Moulds as sales manager to enable further business expansion in Dubai and Abu Dhabi. In

First Fire at Dubai’s WtE Facility

First Fire at Dubai’s WtE Facility

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

SAGA Achieves Gold Ranking

SAGA Achieves Gold Ranking

SAGA International Owner Association Management Services (SAGA), a Provis subsidiary, has been given the prestigious Gold Ranking as an owners’

Provident Opens New Office in Palm Jumeirah

Provident Opens New Office in Palm Jumeirah

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

Aldar Joins Hands with IHC and ADNEC

Aldar Joins Hands with IHC and ADNEC

Leading property and facilities management company Eltizam Asset Management Group, jointly owned by IHC and ADNEC Group, will merge with Abu Dhabi-

Cyprus Start-up Raises €1.1 Million

Cyprus Start-up Raises €1.1 Million

A proptech start-up in Cyprus called buildbuild, which develops software for managing construction projects and increasing their marginality in the SMB sector,

Home Prices in China on a Low

Home Prices in China on a Low

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

AI-driven Facilio Expands in Australia

AI-driven Facilio Expands in Australia

Facilio, an AI-driven SaaS property operations platform provider with a global customer base, announced its expansion into the ANZ region in response

UK Company Launches Cleaning Tech Base

UK Company Launches Cleaning Tech Base

A cleaning tech base by leading facilities management firm Mitie was officially opened recently by Andy Street, Mayor of the West Midlands. The site,

Seattle Start-up Raises $20 Million

Seattle Start-up Raises $20 Million

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

Arada Lists $500 Million Sukuk at Nasdaq

Arada Lists $500 Million Sukuk at Nasdaq

Arada, a Sharjah-based master developer, has listed $500 million (AED1.8 billion) sukuk at Nasdaq Dubai, the region’s international financial exchange

Habitas to open many properties in KSA

Habitas to open many properties in KSA

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

Dubais Most Expensive House for Sale

Dubais Most Expensive House for Sale

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

Texas Firm Uses ChatGPT to Sell Homes

Texas Firm Uses ChatGPT to Sell Homes

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

Aldar Acquires Basatin Landscaping

Aldar Acquires Basatin Landscaping

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

BEEAH signs JDA with Atkins

BEEAH signs JDA with Atkins

BEEAH Group, the sustainability pioneer and digital expert in the Middle East and North Africa (MENA) region, has signed a Joint Development Agreement

India's Homesfy Forays into Dubai

India's Homesfy Forays into Dubai

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

Winners Take It All

Winners Take It All

The IRECMS concluded with a Gala Awards Ceremony which honoured and recognised the amazing work of those who manage UAE’s built environment.

Provis Acquires Saga Owner's Association

Provis Acquires Saga Owner's Association

Leading full-service real estate company Provis has announced the acquisition of 'SAGA International Owner Association Management Services LLC' (SAGA),

Silkhaus Raises $7.75m Seed Round

Silkhaus Raises $7.75m Seed Round

Homegrown UAE startup Silkhaus has secured $7.75m in seed funding, backed by top global venture capitalists and entrepreneurs

Emrill surpasses 30 million safe man-hours

Emrill surpasses 30 million safe man-hours

Leading UAE-based facilities management services provider, Emrill, has reached another major milestone in its ongoing strategy and efforts to prioritise the health

European Investor M7 Expands Into Middle East

European Investor M7 Expands Into Middle East

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.

AG Facilities Solutions Signs on MRI Software

AG Facilities Solutions Signs on MRI Software

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

Brookfield Hunts For Buyouts

Brookfield Hunts For Buyouts

Brookfield Asset Management Inc. has more than $110 billion to invest and is eagerly eyeing deal opportunities, including buyouts of mispriced public companies.

Aldar Acquires Spark Security Services

Aldar Acquires Spark Security Services

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

CBRE Acquires E2C Technology

CBRE Acquires E2C Technology

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

KAFD to Host IRECMS Masterclass

KAFD to Host IRECMS Masterclass

King Abdullah Financial District (KAFD), the region‘ s prime destination for business and a cosmopolitan lifestyle

KAFD signs agreement with MAEE

KAFD signs agreement with MAEE

In a recent ceremony, King Abdullah Financial District signed a cooperation agreement with MAEE, the National Water Efficiency and Conservation Centre

Concordia Appoints New General Manager

Concordia Appoints New General Manager

Concordia, a trusted name in Facility Management across Dubai, has announced the appointment of Michael Nicholas as the new General Manager.

Khidmah & FRC Strengthen Partnership

Khidmah & FRC Strengthen Partnership

Khidmah, one of the region’s leading facilities management and maintenance companies, reaffirmed its partnership with the Future Rehabilitation Centre (FRC) by

HITEK Signs Deal With TAD

HITEK Signs Deal With TAD

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.

Houza Raises $5.5 Million Pre-Series A Round

Houza Raises $5.5 Million Pre-Series A Round

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

DMCC Uptown Tower Completes Façade Works

DMCC Uptown Tower Completes Façade Works

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

Egypt's Prime Developments Contracts with EFS

Egypt's Prime Developments Contracts with EFS

Prime Developments signed a management and operation agreement contract with EFS Facilities Services Misr — a subsidiary of EFS International specialised in integrated

Imdaad Expands Into Egypt

Imdaad Expands Into Egypt

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

Atalian Servest acquires Incentive FM

Atalian Servest acquires Incentive FM

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 experience”.

Veolia To Sell Suez‘s Uk Waste Business

Veolia To Sell Suez‘s Uk Waste Business

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

What to expect at the new Expo City Dubai

What to expect at the new Expo City Dubai

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

SJP Properties Inks Lease with Siemens

SJP Properties Inks Lease with Siemens

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-

Amana to manage Wadi Al Sail Mall

Amana to manage Wadi Al Sail Mall

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

Real Estate

live Now