Home next Industry next Real Estate

Real Estate

Alef Group hayyan

Alef Group launches Dhs3.5bn Hayyan villa project in Sharjah

Hayyan extends over an area of 8.7 million sq ft and includes a total of 1,836 villas, spread across three different zones

Dubai Real estate

Dubai releases first-ever official residential rental performance index

The Dubai Land Department coordinated with Property Finder to launch the inaugural edition of the index

Here’s what digitising the real estate space entails

Technological innovations in digital assets, blockchain, and NFTs are expected to transform the real estate asset, making it more liquid, accessible and digital

Saudi’s Dar Al Arkan unveils Dhs1bn W Residences Dubai – Downtown

The tower consists of 384 exclusive, high-end residences, which will be managed by Marriott International

Dubai real estate

Dubai most preferred foreign investment location for Saudi home buyers – Knight Frank

The annual 2022 Saudi Residential Survey spoke to 55 HNWIs in Riyadh, Jeddah and Dammam

Majid Al Futtaim launches ultra-exclusive Alaya Beach residential project in Dubai

Located on the banks of the lagoon in Tilal Al Ghaf, it comprises of 14 mansions and 30 villas

Saudi Arabia maintained its position in the top 50 global rankings

Abu Dhabi records Dhs71.5bn of real estate transactions in 2021

There were a total of 14,958 sales and mortgage transactions, with Yas Island topping the list with Dhs4.1bn in real estate deals

Expo 2020 Dubai has stimulated real estate growth: JLL

The firm’s regional property outlook for 2022 showcases trends such as flexible office spaces and sustainability in built environments

Bharain investcorp

Bahrain’s Investcorp acquires 64 industrial properties worth $640m in the US

The latest acquisitions grows Investcorp’s US industrial real estate holdings to approximately $3.5bn across approximately 32 million sq ft

Dubai’s Emaar Properties posts 80% rise in net profit for 2021

Its 2021 revenue stood at $7.697bn, posting an increase of 57 per cent compared to the previous year

UAE’s Aldar to receive $1.4bn investment from Apollo Global Management

The deal will see Apollo take a direct minority stake in Aldar Investment Properties at its net asset value

UAE’s Alpha Dhabi Holding posts Dhs5.1bn in net profit for 2021

The company reported revenues of Dhs18.8bn

Aldar

Abu Dhabi’s Aldar achieves annual property sales of Dhs7.2bn in 2021

The company reported a preliminary full year net profit increase of 21 per cent

Abdullah Alajaji, Founder of Driven Properties

The micro and macro trends impacting Dubai’s real estate market

Here are the trends that are set to shape the trajectory of the emirate’s property market in 2022

Abu Dhabi’s Aldar awarded development project contracts worth Dhs8.5bn in 2021

The company signed 16 contracts with UAE-based companies to support the National ICV programme

Aldar Properties enters Ras Al Khaimah with Dhs410m acquisition of Al Hamra Mall

Aldar has secured development rights for an extra 11,200 sq m of gross floor area, with an option to acquire an additional 7,400 sq m for retail and commercial use

UAE’s Aldar signs agreement with EWEC to promote clean energy adoption

Via the agreement, 100 per cent of Aldar’s owned and managed operating assets will be powered by EWEC’s clean energy sources for up to five years

Dubai Land Department signs MoUs enabling smart real estate solutions

The MoUs with Bayut, DXBinteract.com and Property Finder will provide the real estate sector with solutions to encourage transparency in information and procedures

Dubai

UAE’s Property Finder acquires proptech firm Homevalue

Fouad Bekkar, founder and CEO of Homevalue has joined Property Finder and takes on the role of vice president in charge of data and AI

UAE’s Aldar to reduce carbon emissions by 80,000 tons annually across assets

It will enable Aldar to save approximately Dhs40m per year in energy consumption costs

Aldar properties

Aldar to develop Dhs1.8bn The Sustainable City – Yas Island project in Abu Dhabi

The community will span an area of 397,000 sqm in Yas North, with construction scheduled to commence in Q4 2022

Dubai Palm Jumeirah

Sharjah’s Arada enters Dubai property market, purchases Dhs240m land at Palm Jumeirah

The 20,500 square metre plot located on The Palm’s East Crescent has been bought from Nakheel

Sustainable developments: Are they the future of real estate?

Legislation on minimum acceptable green standards, new building codes, new sustainable building materials and even the use and disposal of construction waste, will be required in the immediate future

Power Letters 2022: Yousuf Fakhruddin, CEO, Fakhruddin Properties

Infrastructure and real estate developments need to prioritise environment-friendly architecture and design today for a viable tomorrow

Power Letters 2022: Rizwan Sajan, chairman and founder, Danube Group

We opened our showrooms in Uzbekistan and Nepal and are planning to take Danube Homes to more than 50 countries worldwide

UAE’s office market displayed signs of recovery in Q4 2021 – JLL

Change in work week, introduction of new labour laws and visa options contributed, states JLL’s 2021 year-end report

Getty Images

2021: Dubai records highest value of real estate sales transactions in 12 years

The total number of real estate sales transactions that took place last year were also the highest since 2013

Aldar gains ground within two global ESG benchmarks

The company’s improved ESG ratings have been attributed to the consistent and broad integration of sustainability practices into its operations

Aljada Discovery Centre Arada

Sharjah’s Arada posts 38% rise in sales in 2021 to Dhs2.41bn

Arada sold 2,488 homes last year, 6 per cent more than the year before

Dubai records real estate transactions worth Dhs300bn in 2021

The Dubai Marina area saw the highest number of transactions