12/09/2025 03:12 AST

Tabreed, the world's leading district cooling company, has made a significant new connection to one of its networks in Dubai: The 93-storey City Tower 1, a development by H&H.

The project is now being supplied with 5,300 Refrigeration Tons (RT) of sustainable cooling from Tabreed's existing DC plant in the Al Satwa district, the company said.

Standing at 362.8 m, opposite the iconic Emirates Towers and the Museum of the Future on Sheikh Zayed Road, City Tower 1 features 695 residences ranging from studio to 4-bedroom apartments, four floors of office space, two retail spaces, a gym, an indoor play area for children, an outdoor playground, pools for adults and children, a mini soccer field and two padel courts.

Khalid Al Marzooqi, Chief Executive Officer of Tabreed, said: "Tabreed is proud to contribute to the development of the UAE's most iconic real estate projects by delivering sustainable, reliable solutions that support national growth and energy efficiency objectives. Connecting City Tower 1 to one of our pre-existing networks clearly demonstrates our commitment to Dubai's continued progress.

"Our presence in the city is unmistakable, with Tabreed's Downtown Dubai network supplying Burj Khalifa, Dubai Mall, Dubai Opera and many other landmark developments with sustainable cooling. Tabreed is a force for good in the UAE and continues to play an essential role in enabling the region's urban transformation while creating lasting value for developers, investors and communities alike."

Miltos Bosinis, Chief Executive Officer, H&H, added: "City Tower 1 is a landmark addition to the Sheikh Zayed Road skyline and a reflection of H&H's ambition to redefine Dubai's urban landscape. With this development, we are introducing a new standard of living that combines our signature quality with a level of service designed for today's discerning tenants. City Tower 1 speaks directly to the future of the city; innovative, connected and uncompromising in excellence.

"To ensure comfort and efficiency, H&H partnered with Tabreed, the UAE's leading district cooling provider, to install a state-of-the-art cooling system. This collaboration highlights H&H's commitment to building elite destinations supported by innovative infrastructure solutions."

This latest milestone follows a period of record growth for Tabreed, with 2025 seeing two of the biggest deals in its 27-year history. In June, Tabreed announced the acquisition of PAL Cooling Holding in partnership with CVC DIF, adding more than 182,000 Refrigeration Tons (RT) of connected capacity across Abu Dhabi and securing a long-term growth pipeline of up to 600,000 RT. In May 2025, Tabreed also secured an exclusive 250,000 RT concession at Palm Jebel Ali, in partnership with Dubai Holding Investments, further cementing its position as a critical infrastructure partner for the region's most ambitious developments, the company added.


Trade Arabia

Tabreed, Sparklo join forces to boost UAE's recycling infrastructure

18/12/2025

Tabreed, the world's leading district cooling company, has announced a new sustainability partnership with Sparklo, a UAE-based cleantech company building smart recycling infrastructure.

Th

Trade Arabia

Tabreed names Arqaam Securities as liquidity provider

23/10/2025

Tabreed, a leading district cooling company, has signed up Arqaam Securities, a leading regional financial institution, as liquidity provider for its shares listed on Dubai Financial Market (DFM). <

Trade Arabia

UAE-Italy bilateral trade up 14.6% in H1 to $7.9bn

12/09/2025

The UAE - Italy bilateral trade amounted to $7.9 billion in the first half of 2025, marking a 14.6% year-on-year increase compared to H1 2024, said Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Fore

Trade Arabia

Ticker Price Volume
TABREED Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
TAQA 3.36 -0.01 (-0.30%)
ACWAPOWER 192.00 -2.50 (-1.29%)
DEWA 2.77 0.00 (0.00%)
SAUDIELECTRICITY 14.14 -0.01 (-0.08%)
EMPOWER 1.56 -0.03 (-1.89%)
$920m Hassyn desalination project on track for Q1 2027 completion

04/01/2026

Dubai Electricity and Water Authority (Dewa) has announced that that work is in full swing on its Hassyan desalination project with the Phase I nearly 90% completed.

One of the world's large

Trade Arabia

QNB expects 3.2% global growth in 2026

04/01/2026

QNB forecast a slight improvement in global growth in 2026, amid stability in major economies, projecting a rate of 3.2 percent, which is slightly higher than overall forecasts.The bank's weekly repo

Gulf Times

Aramco, Luberef sign deal to build base oil plant at Jazan

04/01/2026

Saudi Aramco Base Oil Company (Luberef), one of three members of the Aramco Base Oil Alliance, has announced the signing of an agreement with Saudi oil giant Aramco.

The MoU establishes the

Trade Arabia

Southern Province Cement plant in Jazan set for 2026 commercial operations

04/01/2026

Southern Province Cement Company has announced that steady progress is being made on its new cement plant in the Saudi city of Jazan with work on most phases of the clinker production line already co

Trade Arabia

NBK launches a new suite of updates and enhancements to its Mobile Banking App

01/01/2026

As part of its steadfast commitment to delivering a best-in-class digital banking experience, National Bank of Kuwait (NBK) announced the launch of a suite of qualitative updates and enhancements to

Kuwait Times