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Dubai business

Dubai trumps Lisbon as top destination for globetrotting executives: Report

The findings were based on research conducted by real estate broker Savills, which ranked 20 prime residential markets by their appeal to long-term remote workers

Roya enters Dubai luxury property market

Roya Lifestyle Developments forays into Dubai’s property market

The property developer aims to redefine contemporary living by offering unparalleled luxury in the heart of the city

Red Sea International Airport by RSG

Red Sea phase one: Here are 7 key construction milestones

The Red Sea International Airport is on track to receive its first domestic flights later this year

Emaar Properties posts Dhs4.9bn in H1 profit, up 15%

Emaar Properties posts Dhs4.9bn in H1 2023 profit

The developer’s group property sales, rose by 14 per cent to Dhs20.2bn

Dubai real estate rent

Dubai office market defies global slump with influx of tenants

Average rents for prime commercial real estate in Dubai have risen as much as 17 per cent

Abu Dhabi's ADQ, IHC look to merge with Q Holding Image GettyImages-1366647006

ADQ, IHC Capital propose merger with Q Holding to create $12bn entity

The proposed transaction would create one of the largest real estate, hospitality, events and catering platforms in the region

Aldar Properties’ Q2 2023 profit jumps 52 to 354m

Aldar Properties’ Q2 2023 profit jumps 52% to Dhs1.3bn

The property giant’s development sales hit a record Dhs11.6bn in the three months to June 30, with 10 new project launches a year to date

Abu Dhabi DMT announces H1 real estate transactions Image Abu Dhabi DMT

Abu Dhabi real estate sector records over Dhs46.33bn in deals in H1 2023

Al Saadiyat Island topped the list with transactions worth Dhs3bn, with Yas Island coming in at second place with transactions worth Dhs2.6bn

Sharjah real estate

Sharjah registers real estate transactions worth Dhs549.4m in H1 2023

In Kalba, 98 sales transactions were recorded in 21 regions, totalling Dhs54.1m

Dubai properties DLD registers transactions worth $77bn in H1 2023 Image Dubai Media Office

Dubai properties: Transactions hit Dhs283bn in H1 2023; DLD reveals top 10 areas

Nine real estate projects worth Dhs4.06bn were completed in H1 2023, according to the Dubai Land Department

Mudon development

Dubai Properties launches final phase of Mudon Al Ranim

The Mudon community is made up of villas and townhouses, along with retail amenities such as restaurants, shops, and health clinics

Ellington Properties and Dutco to develop several residential projects in Dubai Image DUTCO Ellington Properties

Dutco, Ellington Properties to develop high-end residential projects in Dubai

The first phase of the collaboration will see the launch of two new waterfront projects in Dubai

Rixos Dubai Islands Hotel & Residences Image Nakheel Rixos

Nakheel launches Rixos Hotel & Residences on Dubai Islands

Along with the Rixos property, Dubai Islands will be home to more than 80 resorts and hotels

Abu Dhabi Real estate FDI see 363 per cent rise in H1 2023 Saadiyat Island_Image courtesy WAM

Abu Dhabi real estate sector attracts Dhs834m in FDI in H1 2023

This represents a robust rise of 363 per cent compared to the same period in 2022

Yas Island

Aldar, Abu Dhabi Housing Authority unveil Dhs8bn project on Yas Island

The project is part of Abu Dhabi Government’s efforts to develop integrated and sustainable residential neighbourhoods

National Housing Company Launches Sadayem Suburb Image credit NHC

Saudi’s NHC launches integrated living project ‘Sadayem’ in Jeddah

The sale of properties in Sadayem will begin on Monday, July 24, with the first phase including villas with a starting price of SAR800,000

Expo City Dubai reveals key achievements Image WAM_Expo City Dubai.

Expo City Dubai: A look at its key milestones since launch

As it continues to grow, Expo City Dubai will welcome more businesses, SMEs, entrepreneurs, organisations, academic and research institutions in addition to residents who live in its communities

Golf Greens in DAMAC Hills

DAMAC unveils Golf Greens, residential townhouse development in DAMAC Hills

The residential development will feature luxury apartments and townhouses

Dubai property market

Dubai’s residential prices grow at the strongest pace since late 2014

Downtown Dubai registered the highest sales rate per square foot in the apartment segment of the market, while Palm Jumeirah registered the highest sales rate per square foot in the villa segment

Sharjah’s Arada posts 186% jump in H1 2023 sales

Sharjah’s Arada posts 186% jump in H1 2023 sales

The developer sold 1,616 homes at its communities during the first half of the year

MIDTOWN DUBAI

Deyaar launches Jannat, its final phase of residential development in Midtown Dubai

The integrated community comprises six districts spanning 24 buildings and a massive retail boulevard

Dubai tourism numbers for H1 2023

Dubai real estate market is world’s busiest for luxury properties over $10m

The city’s real estate sector emerged as the world’s busiest market for luxury properties, surpassing Hong Kong and New York

real estate

Dubai’s real estate market reports double-digit surge in June

The emirate’s real estate market has posted its strongest performance for the month of June in a decade

central bank outlines measures to alleviate burden of residential property loans for UAE nationals Image courtesy CBUAE

UAE issues measures to address impact of rising interest rates on property loans for citizens

The notice was issued following approval from the Central Bank of UAE’s board of directors, with the measures coming into effect from July 1

Aldar, IHC, ADNEC merge property, facilities management

Aldar, IHC, ADNEC merge property, facilities mgmt assets

The merger adds considerable weight to Aldar Estates, taking its portfolio of residential units under management to approximately 135,000

Dubai’s luxury real estate market is booming. Here’s why

With growing demand and upcoming supply, the year looks promising for Dubai’s luxury property market

Real Estate

Guide to capitalise on UAE’s flourishing real estate market

Real estate investors looking to leverage the boom in the UAE market without committing to a large outlay can use REITs to earn high yields

Abu Dhabi, Dubai property market upbeat on both demand and supply side

Real estate Services Company Asteco’s CEO, HP Aengaar shares the highlights of Abu Dhabi and Dubai’s property market in the first quarter of the year and the outlook for demand and supply in the upcoming months

Proptech

Investing in proptech: How market players are embracing tech-driven solutions

Here are the key developments that have shaped the proptech industry in the Middle East

Talal Moafaq Al Gaddah, senior executive vice chairman of MAG discusses Reserve highlights Image mag Group

How MAG Group’s Keturah Reserve is blending sustainability, wellbeing and luxury 

Talal Moafaq Al Gaddah, senior executive vice chairman of MAG, shines the spotlight on the group’s new and exclusive development, Keturah Reserve, and shares how bio living can have a positive impact on people’s wellbeing