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Abu Dhabi real estate_GettyImages-1316754718

Abu Dhabi real estate transactions cross Dhs21.04bn in Q3 2022

Yas Island topped the list logging transactions worth Dhs1bn, while Al Saadiyat Island came in second with transactions worth Dhs929m

Aldar Properties joins CEBC

Aldar Properties joins Clean Energy Business Council as partner member

Aldar will collaborate with CEBC in its ‘Energy Efficiency’ working group to achieve goals that will promote a sustainable future and support the UAE Net Zero by 2050 Strategic Initiative

oro24 ATIF Rehman

Cover story: ORO24 Developments’ Atif Rahman talks about building on big dreams

The founder and chairman of the UAE-based real estate firm tells Gulf Business why curating a people-centric business is key to success and why he is passionate about developing communities

Nakheel

Dubai’s Nakheel secures financing worth $4.6bn to drive growth

The funding will be deployed to develop Dubai Islands and other waterfront projects

Aldar announces record sales for period ending Sept 30, 2022

Aldar’s development sales reach Dhs9.3bn in first nine months of 2022

The group announced a net profit of Dhs2.13bn for the nine-month period, ending September 30, registering a 38 per cent year-on-year growth

TECOM Group Dubai-Internet-City-7

Tecom group’s net profit for first nine months rises by 51% to Dhs639m

Occupancy levels for its commercial and industrial assets were 83.5 per cent, registering the third sequential growth and a significant increase from the previous year

Saudi's PIF to establish 5 companies to pursue investments

Saudi’s PIF to establish five companies to pursue investments in Bahrain, Oman, other countries

The announcement follows the launch of the Saudi Egyptian Investment Company in August

Emaar Properties

Emaar Properties to allow 100% foreign ownership from October 25

From next Tuesday, there will be no shareholding limit for non-UAE nationals

Bayfront Project Al-Khobar Saudi Arabia

Saudi’s Ajdan Real Estate Development Company to develop SAR250m Bayfront project in Al-Khobar

Bayfront will be located on the northern part of Al-Khobar’s beach, spanning over 100,000 square metres from the shore with a 1,600-square-metre island

Saudi Crown Prince launches new company to develop downtown areas in 12 cities

Saudi Crown Prince launches company to develop downtown areas in 12 cities

Projects will be developed in the cities of Al-Madinah, Al-Khobar, Al-Ahsa, Buraidah, Najran, Jizan, Hail, Al-Baha, Arar, Taif, Dumat Al-Jandal, and Tabuk

Dubai sets new record with Palm Jumeirah mansion sale for $82m

Casa Del Sole, still partially under construction, will be completed in early 2023 and is set to have eight bedrooms

Nakheel Dubai Islands

Dubai’s Nakheel unveils rebranding to reflect next phase of growth

Nakheel has also confirmed that the Palm Jebel Ali master plan is being revisited, with further details to be revealed in due course

Dubai Chambers, DLD to enhance transparency in rental market, boost investment environment

The MoU signed by the entities will allow business councils and groups under Dubai Chambers to own and rent real estate and offices in the emirate

How residents can register co-occupants through Dubai REST app?

Here’s how to register co-occupants through Dubai REST app

As per the new rules by Dubai Land Department, owners, developers, property management companies and tenants must follow an eight-step process

Emaar annual meeting

Emaar shareholders approve acquisition of Dubai Creek Harbour, sale of Namshi

A special resolution to remove the minimum contribution of UAE and GCC nationals in the company was also passed

Danube

Danube launches My Dubai, My Home campaign

Danube Properties has joined hands with 11 social media influencers to deliver the message of why Dubai is an ideal destination to live and work in

Silicon Central

Line Investments & Property confirms retail leasing deals for over 80% of Silicon Central

With a gross leasable area of 81,500 square metres and 3,500 car park spaces, the mall will offer shoppers a broad mix of popular brands

Signature Villa Framed Allure_1

Exclusive Signature villa on Palm Jumeirah sells for Dhs128m

The villa has an enclosed area of over 19,240 square feet and is designed by internationally renowned, award-winning architect Emre Arolat

real estate

Cover story: Why the CEO of Seven Century Real Estate Brokers believes Dubai is fertile ground for investments

In this exclusive interview, Naghmeh Sheikholeslami speaks of resilience, prioritising customers and Dubai’s evolving real estate landscape

AMAALA

Amaala project pushes forward, over 300 contracts signed worth more than $1.7bn: Red Sea Development Company

Work is underway on-site to develop the destination, with more than 2,400 staff already on site and 9.9 million manhours logged to date

Saudi’s PIF launches real estate registration services company to bolster digitisation

The company aims to build a comprehensive real estate registration database, covering data of property units across the kingdom

Aldar Scales Up Property And Integrated Facilities Management Platform With Acquisition Of Spark Security Services

Aldar acquires Spark Security Services, scales up property and facilities management platform

Spark Security works with organisations operating in a wide range of sectors, including infrastructure, banking, healthcare and hospitality

Stake

Dubai’s property investment platform Stake raises $8m in pre-series A funding

The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region

Empower reports robust growth of 41.3%

Empower reports 41.3% rise in buildings using district cooling over last five years

Among the buildings that are serviced within Empower’s portfolio, the residential sector tops the list of the company’s clients with 64 per cent

Emaar Properties’ board recommends scrapping foreign ownership limit on shares

The developer has also recommended to increase the company’s share capital to Dhs8.838bn

Aldar launches Yas Park Gate, its latest gated community, next to Yas Park

The homes at Yas Park Gate are designed to achieve a two-pearl rating, as per the UAE’s Estidama sustainability rating system

The Atlantis The Royal Residences poolside. This is the largest penthouse on Palm Jumeirah and sold by B1 Properties.

Dubai: Atlantis The Royal Residences’ largest penthouse sells for Dhs163m

The five-bedroom triplex penthouse on Palm Jumeirah is 25,208 square feet and includes a sky garden, two private pools and terraces, and a private elevator

Majid AL Futtaim announces H1 2022 results

Majid Al Futtaim reports 18% rise in EBITDA to Dhs1.9bn, revenue rises 15% to Dhs18bn

Majid Al Futtaim – Properties’ revenue rose 51 per cent to Dhs2.4bn, while EBITDA was up 27 per cent to Dhs1.4bn

Sharjah real estate transactions in July revealed

Sharjah real estate transactions’ value hits Dhs1.4bn in July: SRERD

According to the Sharjah Real Estate Registration Department, the number of mortgage transactions in July reached 338 in total, valued at Dhs487m

Hussain-Sajwani Chairman DAMAC Properties

Damac Group’s Hussain Sajwani keen to explore investment opportunities in Germany

The company is looking to expand its footprint in Europe, having entered a joint venture in Denmark to build single family residential developments across Scandinavian countries