The group’s chief executive officer tells Gulf Business why digital transformation and upskilling are key to the future of a company, and how tech is transforming the real estate and property management sectors
According to Property Finder’s proprietary data, the top searched areas for owned apartments in May included Dubai Marina, Downtown Dubai, Business Bay, Palm Jumeirah, and Jumeirah Village Circle
The smart and sustainable city will cover an area of approximately 15 million square metres
The world’s wealthy have been increasingly targeting Dubai’s luxurious homes, primarily situated in the city’s most desirable districts
This is the sixth tranche under SRC’s upsized SAR20bn sukuk programme
Through this transaction, which is valued at Dhs150m, Aldar will hold a majority stake of 75 per cent in Basatin with the remaining 25 per cent held by a strategic partner
The new housing projects, which are located in West Baniyas and Al Samha, include 1,742 residential villas for citizens
Over 180,000 domestic and international attendees will attend the debut edition of Cityscape Global
Emaar’s group property sales reached Dhs9.2bn, an 11 per cent increase compared to Q1 2022
The initiative is aimed at encouraging the testing and commercialisation of new and innovative products and technologies in Dubai
The property developer’s net profit reached Dhs56.4m in the first three months of 2023 from Dhs25m in the same period last year
The city’s non-oil sectors witnessed significant growth of Dhs43bn in 2022 and contributed 50 per cent to the overall GDP
The property firm said its investment in SODIC was one of the largest foreign investments in the Egyptian real estate sector
The developer said its revenue backlog hit a record Dhs18.8bn, which provides visibility over the next two to three years
The group’s Q1 revenue touched Dhs514m, a 6 per cent year-on-year increase on the back of sustained occupancy levels and high retention rates
The company has appointed Michael Zager as its new chief operating officer – Hospitality
The developer shares the same vision as the authorities in Saudi Arabia and the company plans to open an office in Riyadh in Q4 2023
The buyer, who doesn’t live in the UAE, is planning to build a family vacation home on the property
The sector maintained its high growth momentum recording 38,700 transactions
The property developer plans to continue making healthy investments in its workforce while attracting top global talent to foster more inclusive growth
Demand for Dubai real estate is booming after the government’s handling of the pandemic and its liberal visa policies attracted more foreign buyers
The luxury property market has shown no signs of slowing since it surged in 2021
Construction of the project is set to start in the last quarter of 2023, with handovers projected for Q3 2026
The MoEI issued the aid via 432 decisions on applications for house construction, completion, purchase, maintenance and upgrades
Construction is set to begin this year and is expected to be completed in May 2027
Short-term lets have increased by more than 100 per cent in the emirate since the Dubai government relaxed laws around private property owners letting their homes out on Airbnb
The deal is the largest of its kind signed in the Saudi banking industry
The Devmark Group is the exclusive sales and marketing partner for Expo City Dubai’s residential offerings
The growing stature of Dubai as a tourist destination is redefining developers’ strategies
Located in Downtown, the project is set for completion in 2025