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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

Aldar jumps as Abu Dhabi signs off on $12bn in deals

The company will take on management of Dhs30bn in developments and provide oversight for projects worth Dhs10bn

Khalaf Al Habtoor

Al Habtoor opens booking for new luxury residential tower along banks of Dubai Water Canal

The 73-storey Amna Tower features 537 luxury units, including four ultra-luxury penthouses

Video: Saudi Crown Prince announces car-free, zero-carbon city, ‘The Line’

Located within NEOM, the city is expected to house one million residents and create 380,000 jobs by 2030

Aldar Properties

Aldar Properties sells Abu Dhabi Golf Complex for Dhs180m

The complex includes The Westin and an 18-hole championship course

Is now a good time to invest in Dubai property?

The simple, fundamental principle of investing dictates that you should buy low and sell high

Dubai Metro extension to benefit ‘thousands’ of investors and residents – Nakheel

Stations at Jebel Ali, Al Furjan, Discovery Gardens and The Gardens will start operating from New Year’s Day

Damac sees UAE property market recovery in two years

The impact of Covid-19 and a likely reduction in the UAE population will hamper the revival

Crowd investment platform Stake launches in UAE

Users can own a piece of real estate for as little as Dhs2,000

Emaar Development announces new chairman, Alabbar to remain in executive role

Adnan Kazim has been named as its new chairman in line with regulatory requirements

Dubai’s ICD adds Meydan to portfolio to gain larger property footprint

Meydan’s two main lines of business – real estate and horse-racing – will remain separate

Sharjah’s Arada launches Naseej District; CEO ‘extremely bullish’ on outlook for 2021

The sales launch of the district’s first residential building, Tiraz 1, begins on December 16

Dubai Real estate

Real estate: New Dubai law issued for cancelled and unfinished projects

If RERA cancels a real estate project, a special tribunal will be responsible for liquidating it and ensuring settlement of all rights related to the project

Emaar appoints new chairman as Mohamed Alabbar takes on role of MD

Jamal Bin Theniyah will replace Alabbar as chairman, while the latter will assume the role of managing director

Dubai Holding’s ‘Madinat Jumeirah Living’ project slated for 2021 handover

Phase I and 2 of the residential development are 98 per cent sold out