Latest news with #realestatedevelopment
New York Times
2 days ago
- Business
- New York Times
Does Brooklyn Need a New Waterfront Neighborhood?
For artists seduced by dilapidated industrial shorelines, the Brooklyn Marine Terminal, spanning 122 acres along New York Harbor, has long been a source of romantic inspiration. Only real estate developers have looked toward the landscape with a more ardent sense of creative opportunity. For years now, in a city where most of the waterfront has already been repurposed in the name of views-first living, they have fantasized about turning the docks into a creative-class Oz. One proposal that emerged more than a decade ago imagined extending the No. 1 train from the southern tip of Manhattan, under the East River, to the terminal site with a stop on Governors Island. None of these ideas gained traction until last year, when ownership of the land transferred from the state to the city, and the vision-boarding took off with a momentum not generally observed in municipal governing. If you believe that the housing crisis is the most urgent problem the city is facing — as the many voters who made Zohran Mamdani the Democratic mayoral nominee clearly seem to — then the logic of what the city is advancing might strike you as irrefutable. The 'city,' in this instance, is the Economic Development Corporation, the agency charged with transforming a largely desolate property distinguished by underused cranes, containers and a noxious concrete recycling facility. In its place would be an entirely new, economically diverse neighborhood that would stretch from the brownstones of Cobble Hill to Red Hook, where roughly half of the neighborhood's 11,000 residents live in public housing. Last month, the city came forward with a plan that would seem to have addressed nearly every contingency and conceivable point of grievance. It calls for 6,000 homes to be built, with 40 percent of them — 2,400 rental apartments — set to be affordable in perpetuity. This is a significantly higher share of affordable units than most new developments provide. And they would serve people at lower income thresholds than these projects ordinarily deliver. Even opponents of the overall concept admit that the configuration is impressive. In an effort to acknowledge the historically neglected Red Hook Houses, devastated during Hurricane Sandy, 200 of the affordable units would be reserved for people who live there and $200 million earmarked for building repairs in the public housing complex. Among the 28 committee members tasked with studying the plan and approving or vetoing it — a group made up of local politicians, community board members, union leaders and others — is the head of a tenants' association at the Red Hook Houses; she has voiced her support. The plan includes other commitments suggesting a similarly broad civic spirit: 28 acres of parkland and public space, various resiliency strategies to protect against storm surges, 225,000 square feet of industrial space at discounted rents, more ferry service, more bus service (by way of priority lanes), more micromobility, a free shuttle bus to subway stations and an expanded and revitalized port that would supply a crucial node in what urban planners call the 'blue highway,' a means of transporting goods around the city via waterways to reduce dependence on trucks. Want all of The Times? Subscribe.
Zawya
5 days ago
- Business
- Zawya
Dar Global awards main works contract for Marea Costa Del Sol, Spain to ENE Construccion Amaz sl
Casares Costa, Spain – Dar Global, the London-listed luxury real estate developer, has awarded the main works contract for Marea (Block D), Costa Del Sol, Spain, to M/s ENE Construccion Amaz SL. This appointment marks a key milestone in the continued development of Marea – Interiors by Missoni, a refined residential project located on the sun-drenched coast of southern Spain. Drawing inspiration from Mediterranean living, Marea offers a seamless blend of elegance, natural beauty, and branded design. The interiors, inspired by the vibrant aesthetic of Missoni, infuse each space with a distinctive identity, translating the fashion house's iconic patterns and textures into a sophisticated architectural language. ENE Construccion Amaz SL was selected for its deep expertise in premium developments and its strong track record across the region. With main works now set to commence, Block D is anticipated to welcome residents in 2026. As one of Dar Global's flagship lifestyle projects in Spain, Marea reflects the company's ongoing commitment to creating world-class living environments that combine high design with exceptional investment value. About Dar Global DarGlobal PLC is an international real estate developer specializing in exclusive luxury developments across the world's most coveted cosmopolitan cities. Catering to global citizens seeking prime investments, second homes, and luxury living, DarGlobal transforms real estate into economic catalysts, unlocking opportunities for both investors and the countries it enters. DarGlobal has partnered with over 10 world-renowned luxury brands, including Trump Organization, Aston Martin, Automobili Lamborghini, Fendi, ELIE SAAB, Marriott Residences, Missoni, Mouawad, Pagani Automobili, and W Hotels. These collaborations offer unique investment opportunities in global cities, providing both wealth growth and protection. Listed on the London Stock Exchange, DarGlobal goes beyond property development, it drives economic transformation by attracting international clients and Foreign Direct Investment (FDI). By injecting capital, confidence, and industry expertise, DarGlobal enhances local infrastructure while elevating the global appeal of each destination. With a presence in 14 international cities across 9 countries, DarGlobal's portfolio spans the United Kingdom, Spain, Greece, Saudi Arabia, the UAE, Oman, and Qatar. The company is also expanding into world-class hospitality, developing luxury hotels in Dubai, the Maldives, and Oman. To support its international clientele, DarGlobal has sales and customer service offices in New York, London, Marbella, Athens, Dubai, Jeddah, Riyadh, Muscat, and Doha. For media enquiries, please contact: Reem AlTajer |Burson
Khaleej Times
6 days ago
- Business
- Khaleej Times
Meerab Properties LLC wins two prestigious awards; strengthens position as a regional leader in real estate
Dubai-based Meerab Properties LLC has achieved a significant milestone by winning two distinguished honours at the Luxury Lifestyle Awards 2025. The company was recognised for excellence in property management services and commercial real estate development, standing out among a global pool of nominees in these competitive categories. Founded in 2013, Meerab Properties has steadily grown into a trusted name in Dubai's real estate landscape. With Pervaiz Shahid Iqbal at the helm as the CEO of the company, it has focused on providing high-impact leasing and property management solutions across warehouse spaces, labor accommodations, residential units, and commercial offices. Its strong presence in strategic locations across the UAE, combined with a client-first approach and operational transparency, has made it a preferred choice for both landlords and tenants. The recent awards validate the brand's unwavering commitment to service excellence and innovation in property management. Meerab Properties has adopted proactive maintenance strategies, maintained regulatory compliance, and prioritised customer satisfaction resulting in consistent growth and tenant retention across its portfolio. This recognition comes at a time when the UAE's property sector is placing increasing emphasis on value-added services and long-term asset optimisation. With rising expectations for professionally managed spaces, the need for reliable, well-structured firms like Meerab Properties is stronger than ever. Pervaiz Iqbal Shahid, CEO of Meerab Properties LLC, shared his vision: "At Meerab, we believe in building more than just properties - we build long-term relationships rooted in trust, performance, and value. Our goal is to be the preferred partner for property owners and tenants by delivering reliable, transparent, and sustainable real estate solutions across markets." Extending its impact beyond borders, Meerab's sister company FP Global, also chaired by Iqbal, is spearheading the development of the Hyatt Hotel in DHA Lahore, Pakistan. Currently over 80 per cent complete, the luxury hotel is on track for handover by late 2026 and is expected to become a benchmark in hospitality for the region. The property will offer premium rooms and suites, banquet halls, business facilities, fine dining, and wellness amenities; all built to international standards. This expansion reflects a broader shift in strategy among the UAE-based firms aiming to diversify their portfolios across high-growth markets. Projects like Hyatt DHA Lahore illustrate how real estate and hospitality are converging to create experiential, investment-ready assets that deliver both lifestyle value and commercial returns.
Zawya
30-06-2025
- Business
- Zawya
Arabian Gulf Properties champions visionary urban development in support of Dubai 2040 agenda
Dubai, UAE: Arabian Gulf Properties, one of the UAE's forward-looking real estate developers, has reiterated its support for the Dubai 2040 Urban Master Plan, affirming its dedication to driving responsible and community-focused development. Under the leadership of Chairman Badar Rashid Alblooshi, the company continues to play an active role in the national dialogue around urban transformation, placing emphasis on the creation of integrated and inclusive communities that reflect the evolving aspirations of residents in the UAE. As cities expand and population dynamics shift, the need for future-ready, human-centered development has never been greater. Arabian Gulf Properties recognizes this moment as a defining opportunity for the private sector to partner with government in translating strategic urban visions into tangible, high-quality living environments. The company has signaled its intent to contribute to this transformation through a development philosophy that prioritizes livability, smart design, and long-term value creation. Commenting on the evolving role of developers, Badar Rashid Alblooshi said: 'As developers, we have a responsibility to go beyond construction — we must help shape cities that are inclusive, resilient, and designed for the future. The Dubai 2040 vision is a call to all of us in the private sector to think boldly, act responsibly, and contribute meaningfully to the urban narrative of this country.' Arabian Gulf Properties continues to explore new avenues for growth and collaboration that support dynamic, mixed-use destinations and urban experiences aligned with the UAE's ambition to build globally competitive, innovation-led cities. With a growing portfolio and a commitment to quality, the company remains focused on developments that foster social cohesion, enhance quality of life, and reflect the UAE's long-term strategic objectives. As the country charts its next phase of economic and social growth, Arabian Gulf Properties stands ready to support national priorities through thoughtful, people-first development and sustained private sector leadership.
Globe and Mail
23-06-2025
- Business
- Globe and Mail
Building Smarter Cities: Nitin Bhatnagar Dubai Calls for Sustainable Innovation in Real Estate
Luxury, Technology, and Responsibility Must Work Together, Says Industry Leader As the climate crisis intensifies and cities face growing infrastructure demands, real estate developers are being urged to rethink how they build. In a newly released exclusive interview, Dubai-based developer Nitin Bhatnagar shares his insights on reshaping the luxury property market through long-term thinking, sustainable practices, and smart technology. His experience offers timely lessons for developers, cities, and consumers around the world. 'Buildings are responsible for around 40% of global energy consumption and a third of carbon emissions,' says Bhatnagar. 'That should stop us in our tracks. It certainly did for me.' Bhatnagar's career began in finance, where he learned how to manage risk and plan with the future in mind. When he transitioned into real estate during Dubai's rapid development boom, he brought those same principles to his projects—questioning how buildings could last longer, use less, and give more control back to residents. 'I kept asking, can this building evolve with technology? Can it adapt to future climate regulations? If not, why are we building it?' he recalls. One turning point came when he implemented AI-powered HVAC systems that learned residents' routines and reduced energy use by nearly 30%. 'The goal isn't just to save energy,' he explains. 'It's to give people ownership of their environment—lighting, temperature, even water—all from a single interface.' But smart systems alone aren't enough. Bhatnagar stresses the need for local supply chains and resilient materials like self-healing concrete and bio-based insulation. Early setbacks in sourcing materials taught him the importance of building strong, responsive networks: 'It slowed us down at first. But now we're faster, more agile, and better prepared for disruption.' Cost is often a barrier to sustainable choices. But Bhatnagar sees it differently: 'Yes, sustainable materials cost more upfront. But if your building won't meet future energy standards, that's a liability. Smart building is smart investing.' In the interview, Bhatnagar also calls on the next generation of developers to prioritise purpose over speed. 'Don't just build to sell. Build to last. Ask who you're building for and what value it brings to their lives. You'll do better work, and the planet will thank you for it.' With cities under pressure and environmental deadlines approaching, Bhatnagar's message is urgent: rethink now, or risk being left behind. A Smarter Future Starts with the Questions We Ask Today Whether you're a developer, policymaker, homeowner, or tenant—take a closer look at the buildings around you. Are they built for the next generation or just for today? Ask questions. Demand better. Support innovation that puts sustainability at the centre, not the sidelines. About Nitin Bhatnagar Dubai Nitin Bhatnagar is a real estate developer based in Dubai. With over 20 years of experience and a background in finance, he focuses on designing sustainable, tech-forward luxury properties that are built to last. His work combines innovation with responsibility, aiming to shift the global real estate industry towards smarter, more future-ready solutions. To read the full interview, click here. Contact: info@ Media Contact Company Name: Nitin Bhatnagar Dubai Email: Send Email City: Dubai Country: United Arab Emirates Website:
