Home next Industry next Real Estate

Real Estate

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

Dubai, UAE Burj Khalifa

Prices at world’s tallest tower jump as Dubai home sales boom

Business activity in Dubai rebounded sharply last year alongside a jump in tourism

Abu Dhabi

UAE’s Alpha Dhabi Holding acquires 25% of Al Qudra Holding

The acquisition is part of Alpha Dhabi’s Dhs8bn strategic investment plan across key sectors in the UAE

Saudi Crown Prince launches masterplan for SAR75bn Jeddah Central project

The project will include four landmarks – an opera House, museum, sports stadium and oceanarium, as well as 17,000 residential units

Qatar’s record bet on London homes sees $900m of sales

With construction complete on roughly 80 luxury homes at Chelsea Barracks, 92 per cent of the finished properties have found owners

Dubai’s real estate market: What should investors look at in 2022?

The combination of supply finally increasing in Dubai and short-term rentals also growing will ensure the market does not see a major crash

Abu Dhabi’s IHC approves merger of its real estate firm Al Tamouh with Al Qudra Holding

Investment holding company Al Qudra’s board has approved a new foreign ownership limit of 30 per cent of outstanding shares

How demand for warehousing space is gathering pace in Dubai

With the logistics sector dominating the market for new leasing, demand for warehousing space is gradually ticking

How Dubai’s commercial property market is at an inflection point

Demand is starting to outstrip supply within the emirate’s commercial property space

Real estate: How buyers must adopt a longer-term approach

Investors rushing to buy off-plan properties in Dubai must avoid focusing on the short-term market trends

Dubai’s property market soars with Jan-Nov 2021 sales figures highest since 2014

The value of real estate sales transactions for the first 11 months of the year is 88.39 per cent more than 2020 as a whole

Is now a good time to enter or exit Dubai’s real estate market?

With prices of villas and townhouses rising in Dubai, what counts for a good move?

Revealed: Winners at the 2021 Gulf Business Awards

The awards lauded luminaries from across the region’s business ecosystem

Cover story: President of Dubai’s Property Finder on why it aims to be more than just a real estate platform

Here’s how the former Facebook and Google executive, Ari Kesisoglu, is bringing that plan to life

Downtown Dubai

UAE’s Emaar Development reports net profit of Dhs2.38bn for first nine months of 2021

It reported its highest ever property sales of Dhs20.94bn over the same period

Dubai developer Union Properties’ chairman detained amid probe

Last month, the UAE attorney general announced a “major” investigation into alleged financial violations at the company

International investors boosting Dubai property market, say developers at Cityscape

During the first nine months of the year, a total of 43,299 property sales transactions worth Dhs104.3bn were recorded in Dubai

Sharjah UAE

Sharjah records Dhs5.7bn in real estate transactions for Q3 2021

The total volume of area circulated in sales transactions amounted to around 16.5 million sq ft

Emaar Malls

Dubai’s Emaar Malls records nine month net profit of Dhs1.07bn, up 82% y-on-y

Its revenue for the first nine months of 2021 was reported at Dhs3.191bn, up 28 per cent over the corresponding period last year