Sports City recorded the largest rise in rents as rates grew by 41 per cent, a report says.
Emirates REIT will raise $175 million in the IPO, which was 3.5 times oversubscribed, by selling 128.68 million new shares.
The Abu Dhabi real estate developer owns a 60 per cent stake in property management firm Khidmah.
The agreements cover 13 communities including Palm Jumeirah, The Gardens, Discovery Gardens, Al Furjan, and International City.
The company said the shareholders approved the allocation at a meeting on Thursday.
Abu Dhabi’s prime properties recorded modest rental growth while rates in most lower end areas remained unchanged.
The size of the issue was expanded to $650 million from the originally planned $500 million.
Sami Asad, formerly the CEO of Arabtec’s Construction Group, will now lead the newly created subsidiary, Arabtec Egypt.
The sukuk is expected to launch and price on Wednesday.
The proceeds will be used for Damac’s general corporate purposes.
European real estate investment from the Middle East reached nearly €10 billion ($13.7 billion) in 2013, finds CBRE report.
The community will feature 177 villas in four styles.
The deal, awarded to Ginco General Contracting, covers the construction of 936 townhouses at Warsan Village.
The Dubai developer has appointed Barclays, Citigroup, and Deutsche Bank as joint global co-ordinators.
Chairman Ali Rashid Lootah confirms that the developer will seek a public listing once it has paid up all its debts.
The developer is launching 15 resort beach plots and 79 waterfront hotel plots across two of the development’s four islands.
Trading in shares of Amlak was suspended in November 2008 as credit markets dried up.
The new agreements will help avoid problems that arise from misinterpretation of the documents, a statement said.
The contracts cover projects in its Al Furjan and International City communities in Dubai.
The deal will reinforce confidence in Dubai’s property market, curbing apprehensions on market volatility, says expert.
The projects will be in transport, energy and other sectors, the central bank governor said.
The contractor, in which Abu Dhabi state fund Aabar is a key stakeholder, said it made a net profit of Dhs122 million in Q4.
Dubai’s largest listed property developer has said it would list 25 per cent of its shopping malls and retail unit.
London remained the favourite Western destination for regional real estate investors.
The development features two towers and includes 300 residential units.
Under the contract, Al Futtaim Carillion will carry out the first phase delivery of the Dubai Trade Centre District project.
The project registered Dhs500 million in sales during the opening hours of the launch.
The project includes over 100 luxury villas, conceptualised by Donald Trump and his daughter Ivanka Trump.
The proceeds “will be primarily distributed as dividend” to Emaar shareholders, the firm said.
Flamingo Villas, the flagship development of RAK Properties, was launched during Cityscape last year.