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MENA’s proptech landscape: Primed for growth?

The evolving landscape will soon change the way adopting an innovative digital business model in the real estate market is viewed

Biggest Abu Dhabi developer is shopping for large property deals

The company, armed with $1.85bn in capital, has the resources to make purchases both in its home market and around the UAE

Dubai’s Nakheel launches new Jebel Ali Village

The first phase of four- and five-bedroom villas will be on sale from Sunday, November 7

New Arcapita venture to invest $2bn in US warehouses

The goal is to grow the portfolio to as much as $2bn in gross asset value across the top 25 US industrial markets

Sajwani’s Maple extends offer to acquire 100% of Damac Properties

Arqaam Capital is acting as receiving agent with respect to the offer

Dubai’s Danube Properties announces launch of Dhs475m Skyz Tower

The residential project will be developed at Arjan, close to Miracle Gardens

Dubai reports 68% y-on-y increase in mortgage transactions for Q1-Q3 2021

Villas proved more popular than apartments for mortgage purchases

UAE launches ‘major investigation’ into Dubai developer Union Properties

The Public Prosecution is investigating allegations of financial violations committed by chairman Khalifa Hassan Al Hammadi as well as other senior executives

Dubai’s Union Properties says arbitration claims by its subsidiary has reached Dhs3.5bn

The arbitral tribunal is expected to issue its decisions on a number of the claims in the second quarter of 2022

Saudi’s Dar Al Arkan and Katara Hospitality join hands to develop sea-front project in Qatar

The project marks Dar Al Arkan’s first entry into Qatar with the aim of driving the development of the luxury property market

Dubai South The Avenue

Dubai South launches new freehold development project called The Avenue

Plots in The Avenue will vary in size from 30,000-55,000 square feet

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum

Sheikh Hamdan approves digital platform for Emirati housing programme in Dubai

The Dubai Crown Prince also approved prioritising allocation of residential land plots and housing units to first-degree family members in the same residential area

Dubai: The Sustainable City unveils world’s first net zero carbon building

The building will be home to SEE Institute

Dubai real estate transactions cross Dhs100bn mark during Jan-Sep this year

The month of September recorded 5,762 sales transactions worth Dhs16.2bn

Sharjah’s Arada begins work on second phase of Madar at Aljada

Dubai-based Proscape won the first construction contract for this phase

How will Expo 2020 Dubai impact the local real estate market and shape future trends?

Developers need to understand the changing demands of potential investors and organisations

Abu Dhabi

Abu Dhabi real estate transactions reach Dhs23.5bn in H1 2021

It included 3,425 real estate sales transactions worth Dhs9.02bn, and 3,621 mortgage transactions valued at Dhs14.55bn

UAE’s Nomad Homes raises $20m Series A round to accelerate expansion

The company will continue to invest in its technology and offer additional products and services

Dubai’s Samana Developers launches 3 ESG-inspired projects worth Dhs405m

Sales for the Park Views project will begin on October 6, 2021

Dubai penthouse Atlantis The Royal Resort & Residences Palm Jumeirah

In pics: Dubai’s most expensive luxury penthouse listed for $49m

The 25,000 sqft five-bed penthouse triplex is located at at the Atlantis The Royal Resort & Residences in Palm Jumeirah

Miral

Abu Dhabi’s Miral launches new strategy to accelerate data-driven digital transformation

With the implementation of the strategy, Miral will expand its present investment in big data and predictive data analytics.

Developer Ithra Dubai to launch Gold Souk extension in Q4 2021

The extension includes Maryam and Hind Plazas, covers an area of around one million and two hundred thousand square feet

Dubai’s Nakheel offers Montenegro citizenship on waterfront residences at Porto Montenegro

The developer is offering ready-to-occupy and off-plan properties on Montenegro’s Adriatic coast

Dubai records off-plan property sales transactions worth Dhs4.95bn in Aug 2021

As much as 45 per cent of all transactions were off-plan

Abu Dhabi’s Aldar-ADQ consortium offers to purchase up to 90% stake in Egypt’s SODIC

The consortium is offering a purchase price of EGP20 per share, valuing the company at $453m

Dubai records property sales transactions worth Dhs14.97bn in Aug 2021

A total of 55 per cent of all transactions were for secondary/ready properties, while 45 per cent were for off-plan properties

Merger of Emaar Properties and Emaar Malls receives final nod

The merger is expected to complete before the end of this year

Spotlight on Sharjah: Investing in sustainable cities is the way forward

Initiatives by the Sharjah government to increase economic activity as well as developing the city as a hub for culture and tourism, have truly boosted demand for upscale property

Covid-19 aftermath: Are workplaces here to stay?

The commercial landscape has and will continue to undergo changes driven by technology