Architecture

Starlight expands UK portfolio to over 3,300 suites with the addition of best-in-class BTR developments in strategic UK markets TORONTO, Nov. 22, 2024 /PRNewswire/ -- Starlight Investments ("Starlight"), a leading global real estate investment and asset management firm, has acquired three build-to-rent ("BTR") communities under development in Manchester and Basildon, for over £500 million. Starlight Investments acquires 40-storey residential tower under development in Manchester's Greengate neighborhood (Development rendering). Starlight Investments acquires 60-storey residential development currently under construction in Manchester's Castlefield conservation area (Development rendering). Starlight Investments acquires 492-suite residential development ...

DUBAI, UAE, Nov. 20, 2024 /PRNewswire/ -- DAMAC Properties, UAE's leading property developer, has announced the launch of DAMAC Islands, its third and largest master community unveiled this year and the sixth in its portfolio of master development projects. Nestled in the heart of Dubailand, DAMAC Islands offers a unique opportunity to live in a tropical-inspired haven that combines luxury living with the natural paradise of island life. The project was unveiled in an exquisite setting at Coca-Cola Arena on 19th November. Hussain Sajwani, Founder and Chairman of DAMAC Properties, Amira Sajwani, MD, DAMAC Properties and senior executives from DAMAC headlined the press and partner event. DAMAC unveiled the launch after a meticulously planned month-long campaign that included a special tea...

Prices of key materials like steel and aluminum have relatively stabilized in 2024 Rising construction cost has primarily been on account of labour cost surge, at about 25% YoY in the private sector Volatilities in construction material prices and labour cost pressures are likely to push overall construction cost upward, albeit at a slower pace Gurugram, 14 November 2024: Over the last one-year, average cost of construction is estimated to have risen up to 11%, mainly due to a significant surge in labour costs coupled with a moderate price increase in construction materials like sand, brick, glass, wood etc. Notably, the cumulative effect of rise in the prices of four key construction materials including cement, steel, copper and aluminum have been relatively low. In fact, avera...