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Taraf awards contract to Pinnacle International for villa project in Dubai

Taraf awards contract to Pinnacle International for villa project in Dubai

Yahoo2 days ago

Yas Holding subsidiary Taraf has appointed Pinnacle International Piling Foundations as the enabling contractor for its Karl Lagerfeld Villas project in Dubai, United Arab Emirates.
This project, located in Meydan, Mohammed Bin Rashid City, is part of Dubai's luxury real-estate sector and addresses the rising demand for ultra-premium residences.
Scheduled for completion in 2027, the development will comprise 51 villas ranging from five to seven bedrooms.
The villas will feature private gardens, bespoke interiors, and access to the clubhouse. They will overlook the Crystal Lagoon, offering views of Downtown Dubai.
Taraf CEO Mohamed Eldahan said: 'Our partnership with Pinnacle International marks a pivotal milestone in turning the Karl Lagerfeld Villas into reality.
'These villas are more than a residence; they embody elegance, creativity, and architectural integrity, infused with the legacy and unmistakable signature of Karl Lagerfeld. This development reflects our unwavering commitment to excellence, while reinforcing Dubai's global stature as a premier destination for luxury living and investment.'
The villas will incorporate a central catwalk that culminates in a circular sunken lounge. Additionally, a feature waterfall edge pool will mark the end of the walk.
Pinnacle International geotechnical director Rahul Sai said: 'We're excited to bring our expertise to such a visionary project. Meydan's landscape demands precision and innovation, qualities that align perfectly with Pinnacle's approach to delivering resilient foundations.'
In 2023, Taraf broke ground on its new residential development on the island of Palm Jumeirah in Dubai. By that time, Asasat Aldhafra APCC had commenced enabling works for the development.
"Taraf awards contract to Pinnacle International for villa project in Dubai" was originally created and published by World Construction Network, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

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Taraf awards contract to Pinnacle International for villa project in Dubai
Taraf awards contract to Pinnacle International for villa project in Dubai

Yahoo

time2 days ago

  • Yahoo

Taraf awards contract to Pinnacle International for villa project in Dubai

Yas Holding subsidiary Taraf has appointed Pinnacle International Piling Foundations as the enabling contractor for its Karl Lagerfeld Villas project in Dubai, United Arab Emirates. This project, located in Meydan, Mohammed Bin Rashid City, is part of Dubai's luxury real-estate sector and addresses the rising demand for ultra-premium residences. Scheduled for completion in 2027, the development will comprise 51 villas ranging from five to seven bedrooms. The villas will feature private gardens, bespoke interiors, and access to the clubhouse. They will overlook the Crystal Lagoon, offering views of Downtown Dubai. Taraf CEO Mohamed Eldahan said: 'Our partnership with Pinnacle International marks a pivotal milestone in turning the Karl Lagerfeld Villas into reality. 'These villas are more than a residence; they embody elegance, creativity, and architectural integrity, infused with the legacy and unmistakable signature of Karl Lagerfeld. This development reflects our unwavering commitment to excellence, while reinforcing Dubai's global stature as a premier destination for luxury living and investment.' The villas will incorporate a central catwalk that culminates in a circular sunken lounge. Additionally, a feature waterfall edge pool will mark the end of the walk. Pinnacle International geotechnical director Rahul Sai said: 'We're excited to bring our expertise to such a visionary project. Meydan's landscape demands precision and innovation, qualities that align perfectly with Pinnacle's approach to delivering resilient foundations.' In 2023, Taraf broke ground on its new residential development on the island of Palm Jumeirah in Dubai. By that time, Asasat Aldhafra APCC had commenced enabling works for the development. "Taraf awards contract to Pinnacle International for villa project in Dubai" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

GIII Q1 Earnings Call: Tariffs and Brand Growth Shape Cautious Outlook
GIII Q1 Earnings Call: Tariffs and Brand Growth Shape Cautious Outlook

Yahoo

time06-06-2025

  • Yahoo

GIII Q1 Earnings Call: Tariffs and Brand Growth Shape Cautious Outlook

Fashion conglomerate G-III (NASDAQ:GIII) exceeded Wall Street's revenue expectations in Q1 CY2025. Its non-GAAP EPS of $0.19 per share was 51.1% above analysts' consensus estimates. Is now the time to buy GIII? Find out in our full research report (it's free). Revenue: $583.6 million (4.3% year-on-year decline) Adjusted EPS: $0.19 vs analyst estimates of $0.13 (51.1% beat) Revenue Guidance for Q2 CY2025 is $570 million at the midpoint, below analyst estimates of $621 million Adjusted EPS guidance for Q2 CY2025 is $0.07 at the midpoint, below analyst estimates of $0.48 Operating Margin: 1.5%, in line with the same quarter last year Market Capitalization: $1.20 billion G-III's first quarter performance was defined by continued growth in its key owned brands, which management identified as the primary offset to lost sales from discontinued Calvin Klein jeans and sportswear licenses. 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G-III (NASDAQ:GIII) Exceeds Q1 Expectations, Full-Year Outlook Slightly Exceeds Expectations
G-III (NASDAQ:GIII) Exceeds Q1 Expectations, Full-Year Outlook Slightly Exceeds Expectations

Yahoo

time06-06-2025

  • Yahoo

G-III (NASDAQ:GIII) Exceeds Q1 Expectations, Full-Year Outlook Slightly Exceeds Expectations

Fashion conglomerate G-III (NASDAQ:GIII) reported Q1 CY2025 results beating Wall Street's revenue expectations , but sales fell by 4.3% year on year to $583.6 million. Revenue guidance for the full year exceeded analysts' estimates, but next quarter's guidance of $570 million was less impressive, coming in 8.2% below expectations. Its non-GAAP profit of $0.19 per share was 51.1% above analysts' consensus estimates. Is now the time to buy G-III? Find out in our full research report. 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