Home Industry Real Estate

Real Estate

The Atlantis The Royal Residences poolside. This is the largest penthouse on Palm Jumeirah and sold by B1 Properties.

Dubai: Atlantis The Royal Residences’ largest penthouse sells for Dhs163m

The five-bedroom triplex penthouse on Palm Jumeirah is 25,208 square feet and includes a sky garden, two private pools and terraces, and a private elevator

Majid AL Futtaim announces H1 2022 results

Majid Al Futtaim reports 18% rise in EBITDA to Dhs1.9bn, revenue rises 15% to Dhs18bn

Majid Al Futtaim – Properties’ revenue rose 51 per cent to Dhs2.4bn, while EBITDA was up 27 per cent to Dhs1.4bn

Sharjah real estate transactions in July revealed

Sharjah real estate transactions’ value hits Dhs1.4bn in July: SRERD

According to the Sharjah Real Estate Registration Department, the number of mortgage transactions in July reached 338 in total, valued at Dhs487m

Hussain-Sajwani Chairman DAMAC Properties

Damac Group’s Hussain Sajwani keen to explore investment opportunities in Germany

The company is looking to expand its footprint in Europe, having entered a joint venture in Denmark to build single family residential developments across Scandinavian countries

Huspy

UAE proptech startup Huspy acquires Just Mortgages, Finance Lab

The founders and employees of both businesses will join Huspy

Nakheel unveils Dubai Islands' master plan (2)

Nakheel introduces master plan vision for Dubai Islands

Dubai Islands features over 20 kilometres of beaches, including a Blue Flag certified beach, approximately two square kilometres of parks and golf courses

Abu Dhabi launches Land Privileges Programme to support businesses

Abu Dhabi’s ADDED launches Land Incentives Programme

Land incentives will be offered at rates as low as Dhs5 per square metre, with beneficiaries also receiving long-term contracts

Ajman construction contracts' value rises in H1 2022

Value of construction contracts in Ajman crosses Dhs2.1bn in H1 2022

Construction contracts in the emirate rose in value by 11 per cent compared to the two previous years

Dubai rental rates see highest growth since May 2014

Rental growth in Dubai reaches highest rate since May 2014: CBRE

According to CBRE, average rents in the 12 months to July increased by 23.7 per cent, with average apartment and villa rents increasing by 23.5 per cent and 24.8 per cent respectively

Aldar joins SBTi advisory group/ Greg Fewer, Group Chief Financial and Sustainability Officer at Aldar

Aldar to advise Science Based Targets initiative on net-zero targets for real estate sector

More than 3,000 companies worldwide are working with SBTi to reduce emissions

Sarah Hewerdine, Head of Marketing at houza.com

Will the latest interest hike spike your dream of buying a home?

Sarah Hewerdine lists out key takeaways of the recent interest rate hike for an everyday home-buyer in the UAE

EMAAR announces H1 2022 results

UAE’s Emaar reports robust H1 2022 revenue of Dhs13.575bn

Emaar’s hospitality division saw its revenue grow by 64 per cent compared to H1 2021, reflecting the tourism sector’s robust post-pandemic recovery

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour 1

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour

The Dhs7.5bn deal will make Dubai Holding the second largest shareholder of Emaar

Dubai ranks 4th globally for prime residential capital value growth in H1 2022: Savills

Dubai ranks 4th globally for prime residential capital value growth in H1 2022: Savills

Rental growth exceeded 5 per cent in Dubai, versus an average of 3.1 per cent across other global cities

real estate crowdfunding

Is crowdfunding the future of real estate investment?

We look at the advantages that real estate crowdfunding offers both investors and sellers

Tecom announces H1 2022 results

Tecom Group H1 2022 net profit rises 43.4% to Dhs428m

TECOM’s revenue increased 15.8 per cent YoY driven by higher occupancy rates across commercial and industrial segments

Dubai property sales see record high in June 2022_e1655190951740

Dubai: June property sales register nine-year high, sales transactions amount to Dhs22.7bn

According to Mo’asher data, Q2 2022 marked the highest quarterly volume of sales transactions for the last decade, with a total of 22,504 transactions worth Dhs59.154bn

ALDAR announces H1 2022 results

Aldar reports net profit of Dhs1.53bn in H1 2022, net profit in Q2 hits Dhs41m

Group sales rose to a record level of Dhs5.33bn for H1 2022, driven by strong domestic and international demand for existing inventory and launch of new properties

Aldar to purchase four towers from Mubadala

Aldar to acquire four properties from Mubadala, deal valued at Dhs4.3bn

The transaction includes the four main office towers in ADGM located on Al Maryah Island, Al Sila, Al Sarab, Al Maqam and Al Khatem

Saudi Arabia retail sector shows recovery in H1 2022

Domestic demand, spending boosts growth in Saudi Arabia’s retail sector in H1 2022: JLL

For the months of April and May, the value of point-of-sale transactions jumped by 16 per cent year-on-year to a total of SAR91.8bn across the kingdom as a whole

Dubai Higher Committee approves allocation of 2000 residential land plots

Dubai Higher Committee approves allocation of 2,000 residential land plots

The step comes as part of the Housing Programme for Dubai Citizens, to meet the requirements and needs of Emirati families

Dubai new decree passed amending property allotment law

Dubai issues decree regulating grant of title to industrial and commercial land

The decree is the latest in a series of laws that have been recently passed in Dubai in relation to property

Abu Dhabi records over AED 22.5 billion total of real estate transactions in first half of 2022

Abu Dhabi records real estate transactions worth Dhs22.5bn in H1 2022

The Department of Municipalities and Transport recorded 7,474 property transactions in the first six months of the year

Dubai issues decree for commercial properties

Dubai issues law regulating use of commercial lands

The Dubai Land Department has been authorised to conduct inspections of commercial land plots to ensure full compliance with the ‘Musataha’ agreement

decree for property funds in Dubai announced by heikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai

Dubai: Sheikh Mohammed introduces incentives for property investment funds

The decree covers all real estate investment funds licensed and regulated by government authorities as well as private development zones and free zones

Sharjah real estate transactions in June 2022_GettyImages-503648550

Sharjah real estate transactions in June touch Dhs1.9bn

The Sharjah Real Estate Registration Department registered 358 mortgage transactions worth Dhs764m

Dubai Rental Market on the uptick in June GettyImages-1392301478

Rental growth rising in Dubai’s residential market, despite price growth moderating: CBRE

Average rents in the 12 months to June increased by 21.7 per cent, with average apartment and villa rents increasing by 21.2 per cent and 24.7 per cent, respectively

Dubai

Dubai home sales surge even as prices for larger houses moderate

Prices for villas grew at a monthly rate of 1.7 per cent in June, down from an average of 2.3 per cent per month last year

Grove District

Abu Dhabi’s Aldar sells out three buildings at Grove District, releases fourth

The sales recorded at Grove District so far total up to Dhs600m

Mo’asher

Mo’asher 2022: The latest updates from Dubai’s official residential real estate performance index

In May, Dubai recorded the highest volume of sales transactions for the same month in the past decade, showed data from Mo’asher