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Dubai property landlords must ‘adjust their mindset’ in a low-demand market

The reality is that Dubai’s residential market has now shifted in favour of tenants, says Danube’s Rizwan Sajan

Arada gets Dhs250m funding from Dubai Islamic Bank for megaproject construction

The additional funding comes after an initial financing of Dhs300m was secured earlier this year from the bank

June 2021: Dubai records highest volume of property sales transactions in 8 years

Dubai recorded 15,638 transactions worth Dhs36.86bn in Q2 2021

Business Bay reports 17,893 operating companies in 2021 – Dubai Economy

General trade topped the list of licenced activities operating in the area

Aldar properties abu dhabi

Aldar Properties becomes MENA’s first real estate company to secure sustainability-linked loan

Aldar will invest a fixed amount in one or more ESG projects if it does not reach agreed annual targets

In pics: Emaar partners with Lamborghini to launch luxury villas at Dubai Hills Estate

Majestic Vistas will be located within the lavish Dubai Hills Vista development

Dawn of ‘Roaring Twenties’ seen as Dubai’s luxury home sales soar

In the first five months of the year, 22 properties worth more than $10m found a buyer

Sajwani’s Maple Invest postpones acquisition of Damac Properties

On June 9, Hussain Sajwani offered to acquire 100 per cent of the listed company via Maple Invest

Dubai’s Damac appoints new chairman, forms committee to assess Sajwani’s offer

Hussain Sajwani resigned as its chairman last week after his investment firm offered to acquire 100 per cent of Damac

Pictures: ‘Most expensive’ villa in Dubai’s Palm Jumeirah sells for Dhs119.5m

The 12,140 sqft villa is reportedly the most expensive Dubai villa to be sold in the past six years

Dubai’s Emaar adds new contract clause after project delays

According to the founder, missed deadlines are a ‘real source of concern’

Dubai’s property investment platform Stake raises $4m in seed funding round

The financing will be used to scale the platform, develop new features, and grow the team

Abu-Dhabi

Emirates Stallion Group lists on ADX Second Market in the UAE

Established in 2006, ESG is present in 12 markets and had assets of Dhs537m as of the end of Q1 2021

Sharjah’s Arada awards first two contracts for Dhs8bn Masaar project

US consultancy Parsons wins the infrastructure design contract

Abu Dhabi’s Aldar launches Noya Luma villa project in Yas Island

Construction is set to commence in November 2021, with handovers expected to begin in February 2024

Dubai posted 4,804 property sales during Ramadan 2021

Of the transactions, 71 per cent were for apartments and 29 per cent for villa/townhouses

Abu Dhabi’s Aldar considering more deals in Egypt real estate

The developer may invest between $1bn to $1.5bn in the next 12- to 18 months on acquisitions abroad and at home

Emaar properties Dubai

Dubai’s Emaar Properties reports $1.93bn property sales in Q1 2021, up 83% y-on-y

Its net profit increased 8 per cent from $166m in Q1 2020 to $179m in Q1 2021

Dubai shares gain amid property recovery optimism

The Dubai Financial Market General Index jumped 0.8 per cent as Emaar advanced as much as 2.8 per cent

Saudi Arabia’s Real Estate Development Fund appoints Mansour bin Madi as CEO

He previously held the fund’s general manager’s post

Abu Dhabi

Abu Dhabi records Dhs11.5bn real estate transactions in Q1 2021

The value of mortgages exceeded Dhs6.5bn generated from 2,092 transactions

Saudi’s Dar Al Arkan collaborates with Versace Home on Shams Ar Riyadh project

The Shams Ar Riyadh project is located in an area north of Riyadh, on the King Khalid Road

Dubai’s Emaar appoints new board, approves dividend plan

Emaar Properties reported a 57.8 per cent drop in net profit for 2020

Easa Saleh Al Gurg tenants in UAE can pay rent through direct debit

ESAG partners with National Bank of Fujairah to offer digital payment system

Saudi Prince reportedly sells English country estate to Bahrain’s King

The sale price was more than $165m, according to sources

Dubai’s Damac posts Dhs1bn 2020 loss; head says market recovery may take up to 2 years

The developer posted Dhs4.7bn in total revenues for 2020

Mubadala seizes on 144% stock rally to sell stake in Aldar Properties

Mubadala sold a 12 per cent stake in Aldar to Alpha Dhabi Holding

Has Dubai’s property market ‘bottomed out’?

Cityscape’s Chris Speller reveals the trends shaping Dubai’s property market and plans for the emirate’s biggest property exhibition

Outlook for the year 2021 is ‘positive’, despite Covid-19 fallout, says Al Habtoor chairman

The real estate sector in Dubai recorded a strong sales growth of 17 per cent in January 2021

Sharjah Alef Group Al Mamsha

Sharjah’s Alef Group begins construction on Dhs213m Al Mamsha Phase 3

The development includes 612 residential units spread over six buildings and retails space that spans 1,852 square meters