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News

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'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

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

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, 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 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, 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

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

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

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

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

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 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, 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

Norway: PropTech Plaace Secures €885k

Plaace, a rapidly growing Norwegian proptech company, has completed an investment round of €885000 with RunwayFBU as the main investor. The capital,

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

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

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

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

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, 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

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

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, 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

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

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

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

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

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 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

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

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 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

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

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

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

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

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

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

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

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

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

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

Juwai IQI Welcomes Malaysia’s AG Realty

Leading Asian real estate technology company Juwai IQI announced that AG Realty, a prominent Malaysian real estate agency, has joined its network of more

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 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

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

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 (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, 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

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

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 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, 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

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, 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

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-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, 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

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

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

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

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, 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

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, 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

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

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

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

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

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

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

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 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

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 Unveils ‘Garden’ Collection

Danube Home, the home improvement and furniture retailer, announces the launch of its highly anticipated ‘Garden’ collection. The grand unveiling of the ‘My

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

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

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, 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

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

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, 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

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, 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, 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

Singapore property start-up Simpple listed on the Nasdaq exchange in the United States recently as part of ambitious global expansion plans. Founder and

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

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

Proptech Crib’s Client Base Crosses 1000

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

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, 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

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

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

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

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

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 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 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, 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, the world's first AI-powered analytics platform for residential real estate, has partnered with Xome, a robust online real estate marketplace, to offer

Kamma Raises £3.6 Million To Expand Data

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 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

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 Launches ‘Snagging Module’

HITEK – a leading UAE-based provider of smart facilities management (FM) solutions, which is part of Farnek group of companies – has added a new

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

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

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, 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 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

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

Berlin Start-up Dao Raises €1.5 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

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

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

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

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

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 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

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 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

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

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 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, 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

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

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  

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

Anarock’s ASTRA Receives Patent Status

Anarock, a residential real estate services group, has announced that ASTRA, the firm’s proprietary AI-driven sales acceleration tool for real estate

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

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

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

Japan’s Tallest Skyscraper Completed

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

iMaker Group’s Palace Nears Completion

Architecture, interior design, and landscaping firm iMaker Group is nearing the completion of an opulent palace for a VIP client located in Hittin, Riyadh,

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

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

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

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

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

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

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

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

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

Farnek Employees Get a ‘Buddy’

UAE-based smart and green facilities management (FM) company Farnek, has launched its latest in-house innovation, a mobile app with smart AI Chatbot

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 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

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

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

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

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

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

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

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

Phixe Launches ‘pay As You Go‘ Fm Solution

Phixe Solutions Technical Services, a subsidiary of Emirates Facilities Management, has launched Bluefinch, a ‘pay as you go‘ facility management solution that allows property

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 Properties PJSC (‘œAlda’) 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 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

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

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