Future of Engineering Summit™ / 28 May 2025

UAE-based developer Calgary Properties and real estate and hospitality developer, Flora Realty, will collaborate to launch Flora Shore Beachside Residences, with OCTA Properties serving as the exclusive sales and marketing partner. Flora Shore Beachside Residences, will be a 14-story residential development nestled in Dubai Islands and will offer a blend of architectural elegance, premium amenities, and panoramic sea views.

Flora Shore is set to be handed over in Q3 2027, and presents a collection of two-, three-, and four-bedroom residences that are designed to evoke the essence of coastal living.

“We envisioned Flora Shore as more than just a residence, it’s a luxury lifestyle statement,” said Azmal Jaleel, Managing Director of Calgary Properties. “From its exquisite island location to its world-class amenities, every element has been thoughtfully designed to offer residents a seamless blend of tranquillity, connectivity, and elevated living. As part of Calgary Properties’ vision of Living Aspiration, Flora Shore represents the next chapter in refined island luxury.”

Noordheen Babu, Managing Director of Flora Realty commented, “We are proud to partner with Calgary Properties on the Flora Shore Beachside Residences, a project that reflects our commitment to excellence and innovation in Dubai’s evolving real estate landscape. Following the successful launch of Flora Isle on the Dubai Islands, which was met with overwhelming market response, Flora Realty continues to bring its deep expertise and visionary approach to waterfront living. Flora Shore is a lifestyle destination that embodies the spirit of coastal elegance and community-driven design.”

Fawaz Sous, CEO of OCTA Properties added, “There is something truly special about watching a unique concept come to life, and we are excited to see how Flora Shore makes waves in Dubai’s real estate market. Residences with easy access to the beach are becoming increasingly rare, and we are sure this hidden gem will resonate with buyers seeking comfort and sophistication.”

Residents of Dubai Islands will enjoy a resort-style experience with a range of amenities, including indoor and outdoor gyms, a yoga retreat area, an outdoor cinema, co-working spaces, a kids club and kids pool, and multiple lounge zones for relaxation and social interaction.

Located off Dubai’s northern coast, Dubai Islands is a dynamic mixed-use destination that combines luxury residences with retail, entertainment, and waterfront leisure. The architectural masterpiece is set to become a signature addition to this evolving landscape, offering both long-term investment value and a unique beachside lifestyle, said the statement.

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Source: MEConstructionNews

Developer MERED said it collaborated with Swiss architectural practice Herzog & de Meuron to design its landmark waterfront development on Al Reem Island. This latter is known for its signature vision of cultural heritage with bold contemporary design. With this project, Herzog & de Meuron aims to bring its signature style to Abu Dhabi’s waterfront locations, offering views of the Azure Lagoon, the sea, the Al Reem skyline, and Saadiyat Island.

Mered’s upcoming project, Riviera Residences, promises to be a landmark development with over 400 designed apartments and 12 exclusive villas. The villas comprise sky villas, ocean villas, and a penthouse, each offering views of the sea and the Al Reem skyline. Inspired by Abu Dhabi’s pearl-diving heritage, the design resonates both locally and internationally, creating a strong sense of place, said a statement.

Featuring landscaped gardens, towering trees, and green spaces, residents will enjoy a variety of amenities, four swimming pools, a fitness centre, indoor and outdoor yoga areas, wellness spaces, a padel court, table tennis, and an ice bath. The project will also offer indoor and outdoor lounges with fireplaces and family areas, promenade, cafes, fine dining restaurants, and boutique retail shops, and easy access to the island’s beaches.

Olga Bolshanina, Partner at Herzog de Meuron commented, “Riviera Residences is an ambitious project of a human scale that embodies the aspirations of its context an extension of a dynamic global community and the beginning of a vibrant neighborhood. Developed from the inside out, it is composed of floating slabs and stacked rooms some fully glazed, others with distinctive bay windows offering a variety of spatial experiences and degrees of privacy. Aggregated together, these ‘houses in the sky’ define a vertical neighborhood that balances individuality and collective life.”

“To anchor the project on its site, we created a new typology an antithesis to conventional podium parking a terraced landscape that integrates parking, courtyard villas, gardens, retail, and multiple amenities into a cohesive whole. Stepping slabs mediate between street and bay, creating a human scale, while dense indigenous vegetation and water elements establish a unique microclimate for the community of residents,” she added.

Michael Belton, CEO of MERED added, “Every element of Riviera Residences carefully balances the city’s heritage with bold, unique architectural design. The dynamic symmetry of the layouts offers a variety of options, so every resident can find a home that suits their lifestyle. Working with Herzog & de Meuron, whose architectural vision is recognised globally, allows us to create something truly unique. We’re confident this project will raise the bar for waterfront living in the capital.”

The project will launch in November 2025 with MERED bringing Herzog & de Meuron to Abu Dhabi, Riviera Residences will combine innovative architecture with the city’s coastal heritage, offering residents a distinctive waterfront living experience within a planned community, the statement concluded.

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Source: MEConstructionNews

Gulf Cryo and RAK Ceramics have inaugurated the UAE’s first Carbon Capture and Utilisation (CCU) plant, which is dedicated to producing high-purity CO₂. This initiative is said to align with the UAE’s Net Zero 2050 initiative.

The new plant, owned and operated by Gulf Cryo, captures CO2 from RAK Ceramics’ emissions and transforms it into a valuable product used by various industries across the nation, including food and beverage, healthcare, agriculture, and energy. This project reflects the shared commitment of both companies to advancing industrial sustainability in the UAE and forms a crucial component of RAK Ceramics’ strategic decarbonisation roadmap, said a statement.

Inaugurated by Saqr bin Saud Al Qasimi, Chairman of RAK Ceramics, alongside Sami Huneidi, Chief Administrative Officer of Gulf Cryo, and senior executives from both companies, the carbon capture facility is said to be the first in the UAE that is dedicated to producing 99.99% pure, food-grade CO2 for the merchant market.

Capturing approximately 17,000 metric tons of CO₂ annually from RAK Ceramics’ natural-gas engines, the process is complex due to the low CO₂ concentration in the emissions. Gulf Cryo has successfully integrated an energy-efficient purification process that converts emissions into clean, liquefied CO₂. The company then distributes this CO₂ to local industries.

Previously, Gulf Cryo imported recovered CO₂ from its carbon recovery facilities in Kuwait and Saudi Arabia. The new plant strengthens the UAE’s circular carbon economy and contributes to Ras Al Khaimah’s Integrated Sustainability Strategy 2050, said a statement.

“At Gulf Cryo, we are committed to driving the carbon economy, continuously expanding our capacities to provide a reliable source of CO₂ for both existing markets and emerging technologies that rely on it as a key resource. We extend our deep appreciation to RAK Ceramics for being an integral partner in the decarbonisation journey and for demonstrating clear leadership in driving private-sector sustainability,” said Huneidi.

Abdallah Massaad, Group CEO of RAK Ceramics added, “At RAK Ceramics, sustainability is at the heart of our growth strategy. Our partnership with Gulf Cryo marks a significant step forward in our journey towards decarbonisation and resource efficiency. By embracing innovative solutions that reduce our environmental footprint, we continue to drive positive change across our operations and contribute to the UAE’s Net Zero 2050 vision.”

The facility supports both the UAE Net Zero 2050 target and Ras Al Khaimah’s Integrated Sustainability Strategy 2050, underscoring how private sector innovation and collaboration can reduce emissions directly at the source, while building sustainable, locally integrated CO₂ supply chains to serve the UAE’s growing industries, the statement concluded.

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Source: MEConstructionNews

Symbolic Developments, the real estate division of Speedex Group, has announced the launch of Symbolic Altus in Liwan. This new residential development embodies the concept of elevated living, showcasing Symbolic’s dedication to crafting designed, family-friendly communities, architecture, modern functionality, and wellness-focused spaces.

This project will feature 108 furnished apartments, including one-bedroom Elite and 2.5-bedroom Panorama configurations. Symbolic Altus is said to redefine low-density luxury through its design-led approach and offers a neighborhood experience. The project is scheduled for handover in Q3 2027.

Symbolic Altus is the developer’s second project in the Liwan community. Following the success of Symbolic Alpha, which experienced over 30% appreciation in a short period, the project boasts elevated rental yields compared to nearby developments. Its location between Sheikh Mohammed Bin Zayed Road and Al Ain Road provides citywide connectivity, said a statement from the developer.

“Symbolic Altus is truly ‘Designed to Rise’, not just in its architecture, but in the lifestyle it offers,” said Murtaza Moiz, Vice Chairman of Symbolic Developments. “This project re-imagines boutique, family-focused living, with wellness and leisure spaces elevated to the rooftop, forming a crowned horizon that defines its character. Every element from the integrated greenery to the refined interiors and functional layouts has been purposefully designed to embody our commitment to excellence, integrity, and the legacy of quality that the Speedex Group has proudly upheld for over 35 years.”

Every residence at Symbolic Altus is fully furnished and features a modern closed-kitchen, private balconies adorned with greenery, and high-quality finishes throughout. The project’s architectural form ensures both elevation and privacy, while the rooftop amenities including an infinity pool, dedicated pools for adults and children, a gym, steam room, sauna, jacuzzi, and elegant seating areas offer residents a resort-style leisure experience complemented by stunning skyline views, the developer outlined.

It added that the residential project provides easy access to Academic City and Downtown Dubai. Just steps from the building, residents can enjoy a soccer field, basketball court, and a dedicated children’s play area, perfect for an active outdoor lifestyle across all age groups. Surrounded by landscaped parks, jogging and cycling tracks, and vibrant open spaces, Symbolic Altus is said to offer the perfect blend of urban accessibility and peaceful, community-oriented living.

With Symbolic Altus, Symbolic Developments continues to strengthen its position as one of Dubai’s most promising boutique developers building design-led, low density communities that emphasise family living, and sustainable comfort across the city’s evolving residential landscape, the statement concluded.

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Source: MEConstructionNews

District cooling company Tabreed has appointed Arqaam Securities, a regional financial institution as its liquidity provider for its shares listed on Dubai Financial Market (DFM). The move is part of Tabreed’s ongoing efforts to enhance the trading dynamics of its shares by improving liquidity and creating a more accessible market for investors.

Under the terms of a 12 month agreement, Arqaam Securities will commence liquidity provisioning for Tabreed shares by entering two-way quotes into the market trading system. These quotes will adhere to specific parameters and comply with regulations and controls set by DFM and the UAE Securities and Commodities Authority (SCA).

This mechanism aims to narrow the bid-ask spread, reduce volatility, and instill investor confidence. All necessary approvals have been obtained, and the service is scheduled to commence on 22 October 2025. During the period, Arqaam Securities’ ownership of Tabreed shares will never exceed 5% of the total outstanding shares, said a statement.

Tabreed currently has a free float of 18.1% and is fully open to foreign investment. Mubadala and ENGIE are its two shareholders. Tabreed’s appointment of a licensed liquidity provider underscores its commitment to providing a smoother trading experience for investors and a more stable and liquid market environment.

Tabreed’s Chief Executive Officer, Khalid Al Marzooqi said, “This appointment is first and foremost about our shareholders. With Arqaam as our Liquidity Provider on DFM, we aim to enhance access to Tabreed’s shares, giving investors greater flexibility in dynamic markets and reinforcing our focus on sustainable, long-term value creation.”

Veselin Tilev, Head of Market Making at Arqaam added, “We are delighted to offer our Liquidity Provision services on the Dubai Financial Market to Tabreed, reinforcing our commitment to enhancing market depth and trading efficiency in the UAE. With our proven track record and deep understanding of local market dynamics, we are confident that Arqaam will contribute meaningfully to improving liquidity and facilitating active, orderly trading in Tabreed’s shares on the DFM.”

In the first half of 2025, Tabreed said it experienced steady growth driven by increased cooling demand and record capacity additions that boosted total connected capacity to 1.37m RT. Since then, the company has completed two significant transactions, expanding its connected capacity to approximately 1.55m RT.

These transactions have accelerated Tabreed’s expansion, including the acquisition of PAL Cooling alongside CVC DIF and the securing of a long-term Palm Jebel Ali district cooling concession in partnership with Dubai Holding Investments. These transactions have enhanced the company’s platform and reinforced concession-backed cash flows and long-term earnings visibility.

Following this, Tabreed’s shareholders approved its first-ever interim dividend of 6.5fils per share on 15 September 2025. This dividend amounted to US $50.36mn for the first half of 2025. The approval reflects the confidence in company’s momentum and its commitment to delivering sustainable returns to shareholders, the statement concluded.

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Source: MEConstructionNews

Developer Sobha Realty has announced the launch of Sobha AquaCrest, the second residential cluster within its Downtown UAQ | Sobha Realty masterplan. This US $20bn coastal destination aims to redefine the urban and architectural landscape of Umm Al Quwain.

Downtown UAQ | Sobha Realty will boast 25m sqft million sqft, making it one of the most ambitious coastal masterplans in the northern emirates, featuring 7km of uninterrupted beachfront and a total coastline of 11km. Upon completion, it will accommodate over 150,000 residents and offer a blend of luxury residences, marinas, retail boulevards, offices, hospitality, and leisure zones, all designed to elevate beachfront living through sustainable urban design and timeless craftsmanship, said a statement.

Sobha AquaCrest, a five tower cluster comprising one-, two-, and three-bedroom apartments and duplexes, is set for handover in June 2029. Each residence will incorporate advanced sustainability features, such as double-glazed façades for superior heat and sound insulation, energy-efficient HVAC systems, district cooling for reduced power consumption, EV charging stations, and the use of eco-friendly materials that contribute to a healthier living environment, the developer said.

Francis Alfred, Managing Director of Sobha Realty said, “Downtown UAQ | Sobha Realty is envisioned as a new urban landmark; a vibrant, self-contained city that seamlessly integrates modern design, sustainability, and coastal beauty. Sobha AquaCrest marks the next chapter in this vision, bringing together architectural excellence and beachfront serenity to create a truly distinctive community.”

Over half of the masterplan is dedicated to open and green spaces, which will create a blend of nature and modernity. Landscaped parks, jogging tracks, and beach promenades will be integrated throughout the community, promoting active and connected lifestyles. The masterplan also envisions itself as a next-generation mobility hub, with future provisions for air and water taxis, ensuring and sustainable connectivity across the emirate, the developer said.

The wider community will be enriched with a diverse array of cultural, wellness, and leisure experiences, from an Art and Design District and a Museum and Marine Experience Centre to a Wellness Park, multiple marinas, a public beach, a retail and dining promenade, and an open-air amphitheater. All these elements will infuse Umm Al Quwain’s coastline with vibrancy and life, fostering a deep connection with its natural environment, Sobha Realty added.

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Source: MEConstructionNews

SharpMinds Consulting Engineers has said it has successfully completed the comprehensive redesign and fit-out of the Abu Dhabi Stem Cells Center (ADSCC). The facility is said to be a pioneering medical research institution and was first launched in 2018.

Spanning more than 2,200sqm, the project transforms both the exterior façade and key interior spaces, reflecting ADSCC’s role as a hub of advanced stem cell research and medical innovation, said a statement from SharpMinds.

The building’s renewed exterior presents a striking architectural identity, characterised by clean lines, contemporary materials, and strategic lighting. Inside, the reception has been updated to reflect the brand identity for staff and distinguished visitors alike, intuitive wayfinding and updated corridors ensure seamless movement between labs, and welcoming waiting and meeting areas enhance comfort for all, the firm explained.

Dedicated collaboration zones foster knowledge sharing and interdisciplinary interaction among staff. Guided by SharpMinds’ design philosophy and execution, the transformation harmoniously balances functionality, aesthetics, and user well-being, it added.

“We were committed to design a future-proof space that not only meets the rigorous demands of advanced medical research, but also embodies the values of innovation and human well-being. The redesign of ADSCC demonstrates how architecture can actively support scientific progress by shaping environments that empower people and elevate performance,” commented Amir H. Greiss, Founder and CEO of SharpMinds.

Beyond architectural design, SharpMinds said that it provided authority approval management and construction supervision, ensuring compliance with safety standards, design adherence and minimal disruption to the centre’s critical research operations.

Dr. Yendry Ventura, CEO of ADSCC added, “The redesigned interiors and exterior now truly reflect the advanced work taking place within the centre and the expertise of our international team. We are extremely pleased with SharpMinds’ design collaboration and execution of our vision, which has transformed the facility into a space that mirrors our cutting-edge research. The new environments are modern, comfortable, and forward-thinking—perfectly befitting our role as a world-renowned advance institution in stem cell science.”

In addition, SharpMinds said that it integrated medical-grade antimicrobial materials, flexible support areas that are adaptable to evolving workflows, biophilic elements that connect occupants with nature, abundant natural light, and acoustic solutions to ensure privacy and reduce disruption. These features are said to position the ADSCC as a benchmark for healthcare and research facility design in the region.

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Source: MEConstructionNews

Developer Alef Group has announced the launch of Phase 2 within its US $680mn Olfah Development project. The forest-designed walkable buildings community aims to redefine contemporary living in Sharjah. By integrating design, lifestyle amenities, and sustainable urban planning, the developer said that it is enabling residents to live within one of the largest community parks in the emirate.

Following the successful launch of Phase 1, the addition of Phase 2 reinforces Alef Group’s vision. The new phase introduces more inventory of three bedroom apartments, catering to the growing demand for residential spaces. However, it maintains the project’s delicate balance between urban comfort and natural serenity, said a statement from the developer.

Nestled in New Sharjah, Olfah is designed as a sustainable neighborhood that blends residential, retail, and leisure spaces. The launch of Phase 2 signifies the next chapter in Alef Group’s mission to shape future-ready communities that enhance Sharjah’s reputation as one of the UAE’s dynamic real estate destinations.

The development will boast an expansion of green landscaping beside its outdoor pool, enhancing the overall ambiance and creating a visual connection between built spaces and natural surroundings. Olfah is designed around the concept of nature at its largest, featuring expansive green spaces that foster an inviting and serene atmosphere. The green areas will offer views of landscaped areas from most apartments, establishing an engaging living environment that promotes well-being and a deep connection with nature, the developer said.

Raed Kajoor Al Nuaimi, CEO of Alef Group said, “The launch of the second phase of buildings at Olfah marks another important milestone in Alef Group’s journey to redefine modern living in Sharjah. This expansion reflects our strategic vision to create vibrant, sustainable communities that elevate the quality of life for residents while supporting the emirate’s long-term urban development goals.”

“We aspire to continue to demonstrate our commitment to innovation, design excellence and responsible growth, ensuring that Alef remains at the forefront of Sharjah’s evolving real estate sector and a trusted partner in shaping its future,” Al Nuaimi added.

Phase 2 of Olfah boasts designed one-, two- and three-bedroom apartments that prioritise light, space, and comfort. Each residence features modern interiors, custom-designed kitchens, full-height wardrobes, and premium finishes, catering to the lifestyle aspirations of today’s residents. With floor-to-ceiling windows, large balconies, and expansive layouts, over 75% of apartments offer direct views of landscaped parks, swimming pools, and the surrounding urban skyline.

Centrally located, Olfah provides residents with easy access to Sharjah’s key lifestyle and educational hubs. The development is situated minutes from University City, nine minutes from Zahia City Centre, and 15 minutes from Sharjah International Airport. Olfah’s proximity to healthcare facilities, retail destinations, and transport routes makes it an address for professionals, families, and investors alike, the statement concluded.

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Source: MEConstructionNews

Royal Development Holding and its joint venture partner and luxury real estate developer, SAAS Properties, have formally appointed Swiss Pro Foundations as the contractor responsible for executing the piling and enabling works for the Seamont Autograph Collection Residences in Abu Dhabi.

This appointment is said to be a significant milestone in the progress of the waterfront development located on the Al Reem Island. The scope of work includes shoring installation, deep excavation, and piling – critical activities that will support the vertical construction of one of the most anticipated residential projects in the UAE capital. Mobilisation commenced on 6 October 2025, and completion is expected by April 2026, said a statement.

Tariq Nazzal, General Manager of Royal Harbour the joint venture established by Royal Development Holding and SAAS Properties said, “The Seamont development is a testament to our unwavering commitment to architectural integrity, engineering excellence, and timely delivery.”

“The appointment of Swiss Pro Foundations reflects our strategic approach to execution, where each partner is selected not merely for technical capability, but for a shared vision of quality, reliability, and distinction. At Royal Development Holding & SAAS Properties, our projects are not just built they are curated to embody the principles of enduring design, meticulous craftsmanship, and elevated living,” he added.

Following the sell-out of Phase One, Royal Development Holding and SAAS Properties have unveiled Phase Two, offering a limited collection of 216 designed residences. This release includes a mix of one- to three-bedroom apartments and three- to four-bedroom duplexes, each conceived to capture the essence of the Seamont lifestyle.

Located in close proximity to Abu Dhabi’s cultural and financial landmarks including Al Maryah Island, The Louvre Abu Dhabi, and Saadiyat Beach Club, Seamont offers connectivity to the broader capital and is a short drive from Abu Dhabi International Airport. The development will comprise 497 residential units each offering views of the Arabian Gulf and Saadiyat Island’s skyline, the statement concluded.

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Source: MEConstructionNews

Tissoli has unveiled its flagship residential project, Palazzo Tissoli. The signature development has been designed and branded by Italian design house Pininfarina and will take shape on Al Marjan Island, marking Pininfarina’s inaugural architectural venture in Ras Al Khaimah.

Palazzo Tissoli embodies a fusion of Italian heritage and Arabian Gulf living, situated along Al Marjan Island’s most coveted stretch, this residential landmark offers a range of furnished studios, in addition to one- and two-bedroom apartments. The duplex corner units provide views of the coastline, the firm said.

Pininfarina’s inaugural architectural project in the emirate is said to draw inspiration from the natural mosaic of dunes, mangroves, and sea waves, framed by the angular drama of the Hajar Mountains. With over 1,950 projects spanning continents and diverse categories, Pininfarina rests on a singular principle: design must not only be visually appealing but also perform exceptionally well, the statement explained.

Abdulla Al Abdouli, CEO of Marjan said, “Palazzo Tissoli marks a significant milestone in the evolution of Al Marjan Island. It reflects our commitment to curating destinations where visionary design and strategic master planning converge to create lasting value. By introducing a development of this caliber, we are not only elevating the island’s urban landscape but also reinforcing Ras Al Khaimah’s position as a world-class destination for investment, tourism, and quality living. This project exemplifies the forward-thinking approach shaping the emirate’s sustainable growth and global appeal.”

Fabio Calorio, Senior Vice President of Pininfarina added, “We are delighted to partner with Tissoli on this landmark project. For more than 95 years, Pininfarina has pursued the perfect balance between beauty and performance, a philosophy that has shaped icons across architecture, mobility, and works of art. Palazzo Tissoli represents the opportunity to bring this heritage to the vibrant emirate of Ras Al Khaimah for the very first time.”

“Its prime location, meticulous attention to detail, and seamless integration with nature reflect our ongoing commitment to curating exceptional living experiences,” added Giovanni De Niederhäusern, Pininfarina’s Senior Vice President of Architecture & Product Design. “This project exemplifies our dedication to serving a refined community that identifies with Pininfarina’s values and vision, and chooses to live in spaces that embody our design philosophy.”

Pooja Rathore, COO of Tissoli added, “At Tissoli, we aim to develop masterpieces that celebrate life through curated experiences. Palazzo Tissoli is our answer to the question: what happens when you give Italian design masters a canvas on the Arabian Gulf? The result is a development where every amenity, every blueprint design, every material tells a story. With its range of experiential amenities, global design, and aesthetics, this project is sure to attract global attention as well as investor trust.”

Residents will have access to a 24-hour Café, a Skyline Lounge, Casa del Sigaro, Serenity Spa, Vitality Studio, and Yoga Studio, Cinema Palazzo, Kids’ Splash Park and children’s play area. Residents can enjoy lagoon pools surrounded by greenery, a running track, elevated micro-gardens, co-working and retail spaces, rooftop infinity pool overlooking the Arabian Gulf, the statement outlined.

As Ras Al Khaimah continues its transformation from a hidden gem to a strategic hub for real estate, Palazzo Tissoli stands as a testament to the development that is now taking root in the region. A collaborative effort between the place, its purpose, the designer, and the destination, it concluded.

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Source: MEConstructionNews

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