According to the founder, missed deadlines are a ‘real source of concern’
The financing will be used to scale the platform, develop new features, and grow the team
Established in 2006, ESG is present in 12 markets and had assets of Dhs537m as of the end of Q1 2021
US consultancy Parsons wins the infrastructure design contract
Construction is set to commence in November 2021, with handovers expected to begin in February 2024
Of the transactions, 71 per cent were for apartments and 29 per cent for villa/townhouses
The developer may invest between $1bn to $1.5bn in the next 12- to 18 months on acquisitions abroad and at home
Its net profit increased 8 per cent from $166m in Q1 2020 to $179m in Q1 2021
The Dubai Financial Market General Index jumped 0.8 per cent as Emaar advanced as much as 2.8 per cent
He previously held the fund’s general manager’s post
The value of mortgages exceeded Dhs6.5bn generated from 2,092 transactions
The Shams Ar Riyadh project is located in an area north of Riyadh, on the King Khalid Road
Emaar Properties reported a 57.8 per cent drop in net profit for 2020
ESAG partners with National Bank of Fujairah to offer digital payment system
The sale price was more than $165m, according to sources
The developer posted Dhs4.7bn in total revenues for 2020
Mubadala sold a 12 per cent stake in Aldar to Alpha Dhabi Holding
Cityscape’s Chris Speller reveals the trends shaping Dubai’s property market and plans for the emirate’s biggest property exhibition
The real estate sector in Dubai recorded a strong sales growth of 17 per cent in January 2021
The development includes 612 residential units spread over six buildings and retails space that spans 1,852 square meters
The bankruptcy judge decided to appoint a panel consisting of seven experts to examine the application
Shuaa’s real estate investment portfolio is reported to be worth over $11bn
The Al Rugaiba area recorded the highest number of sales
Members of the tribunal will include legal, financial and real estate experts
The six-bedroom Zunairah mansions have private infinity pools, landscaped gardens and direct access to the beach
The offer values the Egyptian property developer at about $420m
Nature reserves and rural natural areas will constitute 60 per cent of the emirate’s total area, while land used for hotels and tourist activities will increase by 134 per cent
The ONE100Palm spans over 3-floors and has a built-up area of 14,000 sq ft
The refinancing company was set up to buy home loans from banks and other finance companies, freeing up lenders to book more mortgages
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