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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

Arabtec Holding

Arabtec confirms filing for bankruptcy in Dubai Court

The bankruptcy judge decided to appoint a panel consisting of seven experts to examine the application

Walid El-Hindi Shuaa Capital

Shuaa Capital appoints Walid El-Hindi as CEO of real estate division

Shuaa’s real estate investment portfolio is reported to be worth over $11bn

Sharjah

Sharjah registered real estate transactions worth Dhs3.5bn in February 2021

The Al Rugaiba area recorded the highest number of sales

Sheikh Mohammed forms tribunal to resolve disputes of inherited property

Members of the tribunal will include legal, financial and real estate experts

Majid Al Futtaim Al Mouj Muscat

UAE’s Majid Al Futtaim launches Dhs28m villas in Al Mouj Muscat development

The six-bedroom Zunairah mansions have private infinity pools, landscaped gardens and direct access to the beach

Aldar offers to buy stake in Egypt’s Sodic; shares climb

The offer values the Egyptian property developer at about $420m

Dubai 2040 Urban Master Plan

Sheikh Mohammed launches mega Dubai 2040 urban development plan

Nature reserves and rural natural areas will constitute 60 per cent of the emirate’s total area, while land used for hotels and tourist activities will increase by 134 per cent

Most expensive villa in Dubai sold for Dhs111.25m

The ONE100Palm spans over 3-floors and has a built-up area of 14,000 sq ft

Saudi Arabia’s Fannie Mae eyes debut international bond in 2021

The refinancing company was set up to buy home loans from banks and other finance companies, freeing up lenders to book more mortgages

Majid Al Futtaim City Centre Al Zahia mall Sharjah

Majid Al Futtaim opens Dhs2.6bn City Centre Al Zahia mall in Sharjah

It is the largest mall in the Northern Emirates within the UAE and will feature over 360 brands, including a 16-screen VOX Cinemas multiplex

Why mixed-use developments represent the future of the community

Mixed-use developments have the power to add immense value to all stakeholders

Dubai real estate market may bottom out next year, S&P says

A property glut and faltering demand in the Middle East’s business hub have driven prices down by more than a third since the market peaked some seven years ago

Dubai-listed Emaar Properties and Emaar Malls announce merger plans

As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties

Work progresses on One Za’abeel project in Dubai with Tower B topped out

The One Za’abeel project includes two towers and ‘The Link’ – claimed to be the world’s longest cantilevered structure

Dubai South Properties The Pulse Villas

Dubai South Properties launch The Pulse Villas, 50% sold out

Located within Dubai South’s Residential District, the villas have a built-up area ranging from 1,894-2,720 square feet

Dubai Land Department completes 1.4 million digital services in 2020

Registration and renewal of Ejari contracts topped the list of digital services last year

Abu DHabi real estate

Value of real estate transactions in Abu Dhabi totalled Dhs74bn in 2020, up 28% y-on-y

In 2020, there were 19,000 transactions executed, including sales and mortgages of land, buildings and real estate units for all types of land use

Dubai’s Emaar Properties posts 58% slump in net profit for 2020

Emaar now has a total sales backlog of Dhs36.677bn, of which Dhs24.738bn is in the UAE

Aldar properties abu dhabi

Aldar Properties reports revenue of Dhs8.39bn for 2020, up 17%

Its 2020 gross profit also rose 8 per cent to Dhs2.98bn

Aldar Asteco

UAE’s Aldar Estates acquires Asteco Property Management

Aldar Estates now manages more than 32,000 units under property management and nearly 28,000 units under owners’ association management

UAE property market will take about two years to recover – Damac boss

2020 was a “very tough year” for all property developers, said Hussain Sajwani

Abu Dhabi National Exhibitions Company

ADNEC to oversee two Anantara properties in Abu Dhabi

It takes the total number of hotels under ADNEC’s umbrella to five, including Aloft Abu Dhabi, Andaz Abu Dhabi Capital Gate and Aloft London Excel

Abu Dhabi’s Aldar Properties announces new operating model to drive growth

Aldar Investment and Aldar Development will be led by their own CEOs – Jassem Busaibe and Jonathan Emery, respectively

Residential sales in Dubai account for 45% of transactions in 2020 – report

Jumeirah Village Circle has remained at the forefront for budget-conscious tenants in 2020