Taraf appoints Pinnacle International ahead of construction phase for KARL LAGERFELD VILLAS in Mohammed Bin Rashid City
Dubai, UAE: Taraf, the UAE-based real estate developer and a subsidiary of Yas Holding, announced today the appointment of Pinnacle International Piling Foundations LLC as the enabling contractor for the highly-anticipated KARL LAGERFELD Villas, located in the heart of Meydan, Mohammed Bin Rashid City.
Set against the backdrop of Dubai's thriving luxury real estate market, the KARL LAGERFELD Villas project responds to the growing demand for ultra-premium residences. The Mohammed Bin Rashid City area, in particular, has become a magnet for investors thanks to its prime location, high rental returns, freehold ownership opportunities, and multi-billion-dirham infrastructure developments.
Mohamed Eldahan, CEO of Taraf, commented: "We are proud to collaborate with a globally respected partner who shares our vision to redefine luxury living. 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'.
Mr. Rahul Sai, Geotechnical Director of Pinnacle International commented: "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.'
The KARL LAGERFELD Villas comprise of 51 ultra-luxury five- to seven-bedroom villas with bespoke interiors, private gardens, and exclusive clubhouse access, all overlooking the Crystal Lagoon with views of Downtown Dubai, with completion date targeted for Q4 2027.
About Taraf
Taraf is a property developer that will deliver prime residential spaces in the UAE. Launched at the start of 2023, the developer plans to introduce exquisite and exclusive luxury residential properties at iconic & prime locations for national and international clients. Taraf's attention-to-detail approach reflects its commitment to delivering high-quality, lifestyle-driven places that inspire its communities and customers to realise their full potential. Taraf is a company under Yas Holding, a leading investment group headquartered in the UAE. The launch of Taraf falls in line with the group's efforts to diversify its portfolio, support its growth plans, as well as set new standards for a luxurious lifestyle for residents and investors in the UAE and beyond.
About Yas Holding
Yas Holding is a renowned UAE investment company with a multi-industry business portfolio, committed to driving performance and unlocking tangible value in local and international markets. From healthcare to aviation, technology and real estate, we adopt a strategic investment approach, focusing on sectors of tomorrow and driving innovation in areas which contribute to wellbeing, security and sustainable growth. Through our diverse investments and operating companies, we are committed to supporting the development of the UAE and the markets and communities we serve.
A BOUT KARL LAGERFELD
The House of KARL LAGERFELD shares the iconic vision and design aesthetic of its founder, Karl Lagerfeld, fused with a contemporary, forward-looking spirit. The brand celebrates his colossal legacy and breathes his passion, intuition and inexhaustible creativity into the core of its DNA.
Featuring Parisian-inspired classics with a rock-chic attitude, the brand portfolio includes ready-to-wear for women, men and kids, plus KARL LAGERFELD JEANS, bags, small leather goods, footwear, fragrances and eyewear. Additional categories include the KARL
LAGERFELD MAISON furniture collection and international hospitality projects. The Maison's creative vision is led by Design Director Hun Kim. Other members of the KARL family are Brand Ambassador and Product Consultant Sebastien Jondeau, and Sustainability Ambassador Amber Valletta, amongst others.
KARL LAGERFELD connects with consumers at more than 200 stores worldwide — including premium wholesale and franchise partners — with key locations in Paris, London, Munich, Dubai and Shanghai. The brand has a robust digital presence across Europe, the Middle East, Asia, and its KARL.COM flagship.
In 2019, KARL LAGERFELD joined the Fashion Pact, a global sustainability initiative seeking to transform the fashion industry through objectives in three areas: climate, biodiversity and ocean protection.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
3 hours ago
- Gulf Today
UAE and Pakistan hold political consultations in Abu Dhabi
The United Arab Emirates and the Islamic Republic of Pakistan convened the second round of political consultations in Abu Dhabi. The session was co-chaired by Reem Ketait, Deputy Assistant Minister for Political Affairs at the UAE Ministry of Foreign Affairs, and Shehryar Akbar Khan, Additional Foreign Secretary at Pakistan's Ministry of Foreign Affairs. The consultations were preceded by a high-level meeting between Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, and Mohammad Ishaq Dar, Deputy Prime Minister and Minister of Foreign Affairs of Pakistan, as part of the 12th session of the UAE-Pakistan Joint Ministerial Commission, held in Abu Dhabi. During the Political Consultations, both sides highlighted the enduring strength of the bilateral relationship. They reflected on recent high-level visits, and welcomed the ongoing growth of economic ties, with non-oil trade surpassing $8.6 billion in 2024. The two sides exchanged assessments on key regional developments, including the situation in the Middle East, and recent discussions at the United Nations Security Council. In this context, the UAE welcomed Pakistan's active role as a non-permanent member of the Council and was briefed on Pakistan's preparations for its forthcoming presidency of the Council in July 2025. Both sides underscored the value of continued coordination on Security Council matters and reaffirmed their shared commitment to advancing peace, stability, and constructive solutions to regional challenges. In the multilateral arena, they reviewed the two countries' close cooperation in ensuring the success of the 2026 UN Water Conference, which will be co-hosted by the UAE and Senegal. Both sides reaffirmed their commitment to maintaining regular consultations in order to advance common objectives for the mutual benefit of their peoples. The consultations included the attendance of Hamad Obaid Alzaabi, the UAE Ambassador to Pakistan, and Faisal Niaz Tirmizi, Pakistan's Ambassador to the UAE, among other officials from both sides. WAM
Arabian Business
5 hours ago
- Arabian Business
Air Arabia launches new Sochi route, expands Russia network to 6 cities
Air Arabia has inaugurated a new route connecting Sharjah to Sochi in Russia, operating six weekly flights. The new service brings the total number of Russian cities served by Air Arabia from Sharjah to six further deepens the airline's footprint in the country. Adel Al Ali, Group Chief Executive Officer of Air Arabia, said: 'We are glad to inaugurate our non-stop flights to Sochi, further strengthening our connectivity with Russia. This expansion not only provides our customers with a convenient and affordable air travel option between the UAE and Russia but also further strengthening tourism and trade ties between both nations. 'Sochi complements our growing network in the country and reflects our ongoing commitment to offering more travel opportunities to our customers.' Air Arabia UAE to Russia flights The Sharjah-based carrier now flies from the UAE to these cities in Russia: Moscow Kazan Samara Ufa Yekaterinburg Sochi Alexey Starostin, CEO Aerod, managing company of Sochi airport, said: 'Today, Sochi is actively developing as an international hub, attracting more and more foreign tourists and offering extensive travel opportunities for Russian citizens. 'The UAE ranks among the top destinations served by the airport. The Emirate of Sharjah will become the third city in the UAE connected to Sochi Airport's route network, once again confirming the growth and strengthening of ties between our countries. 'Thanks to Air Arabia's wide route network, travellers will benefit from convenient connections to destinations across the Middle East, Asia, and Africa, significantly expanding their international travel options,' With this latest addition, Air Arabia now connects Russia with three major UAE airports: Sharjah, Abu Dhabi and Ras Al Khaimah. The expansion underscores the airline's continued strategy to enhance regional connectivity, foster cultural exchange, and promote bilateral tourism and trade between the UAE and Russia.
Khaleej Times
7 hours ago
- Khaleej Times
UAE: No more free remittances? Emirates NBD says 6 countries exempted from new rule
Sending money from the UAE to India, Pakistan, the Philippines, and three other countries via Emirates NBD DirectRemit service would remain free of charge, Khaleej Times can confirm. This comes following an email sent by Emirates NBD to its clients on Friday informing them that starting September 1, 2025, customers will be charged Dh26.25 (inclusive of VAT) for international transfers made via the app or online banking, including those done through DirectRemit. A quick call by Khaleej Times to Emirates NDB call centre, however, confirmed that sending money to India, Pakistan, the Philippines, Sri Lanka, UK, and Egypt – either through online banking or the mobile app – would remain free of charge. There will be no fees for sending money to these six countries with a minimum transfer of Dh100 through the app via DirectRemit service, the bank agent clarified. DirectRemit is a digital money transfer service that allows Emirates NBD customers to make remittances to India, the Philippines, Pakistan, Sri Lanka, Egypt, and UK in less than 60 seconds. No bank account required Meanwhile, there are apps like Botim, Careem Pay, e& money, and Taptap Send that offer free to minimal fees when sending money from the UAE to other countries. Some require no registration fees, no minimum balance, and no bank account required. Customers only need an active UAE mobile number, a debit or credit card, and/ or an active UAE bank account with online banking access. The apps can also be used not only to send money globally and locally but also to pay bills and merchants, as well as to send money directly to a mobile wallet. Third largest sender of money The UAE is the third-largest sender of remittances in the world, after the US and Saudi Arabia. Last year, Indian expats based in the UAE sent $21.6 billion to India, equivalent to 19.2 per cent of the total dollar inflows, ranking the UAE as the second-largest source of global remittance after the US. In 2024, Filipino workers in the UAE, meanwhile, sent approximately $1.52 billion in cash remittances to the Philippines, according to Statista. The total remittances sent by overseas Filipinos to the Philippines surged to an all-time high of $38.34 billion in 2024, with top sources coming from the US, Saudi Arabia, Singapore, and the UAE, according to Bangko Sentral ng Pilipinas (Philippine Central Bank).
