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SRC Alrajhi Bank Signing ceremony

Saudi’s SRC, Alrajhi Bank sign landmark refinancing deal

The deal is the largest of its kind signed in the Saudi banking industry

Expo City Dubai Duet Villas Valley View

Sales for two Expo City Dubai residential communities now open

The Devmark Group is the exclusive sales and marketing partner for Expo City Dubai’s residential offerings

How hospitality is reshaping Dubai's real estate landscape

How hospitality is reshaping Dubai’s real estate landscape

The growing stature of Dubai as a tourist destination is redefining developers’ strategies

St. Regis Residences

Over Dhs1bn in sales achieved at launch of St. Regis Residences, reveals Driven Properties

Located in Downtown, the project is set for completion in 2025

Cover story: How Magnom Properties is keen to invest in the future

The real estate arm of Saudi conglomerate, Rawabi Holding, is looking to be part of the solution on climate change

DHAM - Ahmed Al Suwaidi, Managing Director – Residential Communities, Dubai Holding Asset Management

Dubai Holding Asset Management’s Ahmed Al Suwaidi showcases the company’s tenant-centric focus

The managing director – Residential Communities shares how DHAM offers a broad spectrum of communities that cater to the needs of Dubai’s residential leasing landscape

Majid Al Futtaim FY 2022 performance Photo courtesy Mall of the Emirates

Majid Al Futtaim reports 12% rise in revenue in 2022, visitors to malls rise by 16%

Majid Al Futtaim – Retail’s online sales continued their growth trajectory reporting revenue increase from digital sales by 51 per cent year-over-year

Abu Dhabi records Dhs77.6bn in real estate transactions in 2022

Abu Dhabi records Dhs77.6bn in real estate transactions in 2022

The emirate’s real estate sector recorded 9,010 sales transactions valued at Dhs23.5bn

Saudi Real Estate Refinance Company reduces LTFR on mortgages

Saudi Real Estate Refinance Company lowers long-term finance rate on mortgages

The rates for mortgages shorter than 20 years remain the same

The role of research and advisory in real estate

The involvement of research and advisory in real estate begins ideally at the concept and feasibility study stage of the project

Dubai's Emaar announces net profit rise of 80% to Dhs6.8bn, riding on record property sales

Dubai’s Emaar sees 80% net profit rise to Dhs6.8bn, supported by record property sales

Emaar’s group property sales in 2022 reached $9.5bn, primarily driven by new project launches

Arada raises$50m from second tap of existing $450m sukuk

Sharjah’s Arada raises $50m from second tap of existing $450m sukuk

The second tap was executed based on investor feedback and inquiries, following extensive roadshows across the UK and GCC

TECOM Group - Dubai Internet City

Tecom Group records 28% rise in net profit to Dhs725.6m in 2022

The revenue for 2022 rose by 12 per cent YoY to Dhs1.97bn due to a significant increase in new customers and the delivery of new built-to-suit projects

Aldar HQ _ the company recorded 3.1bn in net profit for 2022

Abu Dhabi-based Aldar records net profit of Dhs3.1bn in 2022

Aldar’s group revenue in 2022 rose to Dhs11.2 billion, up 31 per cent year on year

KPMG launces CoE for metaverse at LEAP 2023

KPMG launches Centre of Excellence for metaverse and digital twins at LEAP23

KPMG has allocated a dedicated co-investment fund for metaverse use-cases in Saudi Arabia to work together with public and private partners on expediting the technology for practical use

Jumeirah Bay Island _ Driven Properties_Bulgari Resort and Residences Dubai

Jumeirah Bay Island apartment sells for a record Dhs13,543 per square foot

The three-bedroom apartment in the Bulgari Resort and Residences sold for the highest recorded price per square foot in the history of Dubai

DAMAC awards main works contract for Cavalli Tower_2

DAMAC awards Dhs886m main works construction contract for Cavalli Tower

China State Construction Engineering Corporation will carry out main works construction of the 71-storey Cavalli Tower

National Housing Company CEO

Saudi Arabia’s National Housing Company announces Al-Fursan Suburb project

The project will include more than 50,000 residential units for more than 250,000 people

Aldar Manarat Living

Aldar unveils Manarat Living on Saadiyat Island in Abu Dhabi

Apartments are available for purchase from February 9

Property Finder data on Dubai-real-estate-courtesy-Dubai-Media-Office

Dubai real estate: Sales transactions record over 128.5% YoY rise in Jan, reveals Property Finder

Off-plan transactions witnessed a remarkable performance, with a 90 per cent YoY increase recording over 5,000 transactions

Masdar City unveils The Link

Masdar City breaks ground on net-zero energy co-working and living space

The Link will feature a gross floor area of 30,000 square metres comprising sustainable offices, residences, visitor centre, multi-use hall and leisure amenities

Aldar-announces-JV with Dubai Holding

Aldar signs strategic JV with Dubai Holding, enters Dubai real estate market

The communities will feature over 9,000 residential units, with launches planned for this year

Aldar subsidiary ETHER to open soon

Aldar subsidiary Cloud Spaces to launch ETHER, a new co-retail space, at Yas Mall

This co-retail space provides an accessible, tech-powered retail platform, where shoppers can explore multiple product lines under one roof

UAE real estate will continue to be resilient in 2023

UAE’s real estate sector to remain resilient in 2023: JLL MENA

Delivery of around 200,000 square metres of retail floorspace last year raised Dubai’s total stock to 4.63 million square metres, with about 355,000 square metres of space scheduled to be delivered in 2023 across the city

Global Partners Property Fund I (CEIC),  a qualified investor fund based in the DIFC, raises $212m

DIFC-based build-to-rent property fund raises $212m from US, European and Dubai investors

Global Partners Property Fund I focuses on the Dubai build-to-rent housing market with two projects on the Dubai Water Canal

Dubai land department offers special report

Dubai Land Department issues 9,047 permits, 6,479 licences in 2022

Dubai’s real estate sector witnessed transactions worth a record Dhs528bn in the past year, a 76.5 per cent increase from 2021

Business Bay 620x3101-1

Dubai’s Business Bay sees highest number of real estate transactions in 2022

The top 10 list of locations that registered the highest number of transactions included Dubai Marina, Al Barsha South 4, Burj Khalifa, Al Merkadh, Al Hebiah 5, and Jebel Ali 1

Teh sustainable City - Yas Island first phase sold out

The Sustainable City – Yas Island’s first phase sold out, sales value crosses Dhs1bn

A total of 512 homes were available during the first phase of the project, with 76 per cent of the units purchased by expatriates, of which 24 per cent were overseas investors

Sharjah’s real estate transactions topped $6.5bn in 2022

Sharjah’s real estate transactions top $6.5bn in 2022

The total number of real estate transactions in 2022 reached 91,507, compared to 84,238 recorded during the previous year

Dubai records completion of 55 real estate projects worth $3.24bn in 2022

Dubai records completion of 55 real estate projects worth $3.24bn in 2022

A total of 350 real estate projects are currently being developed in the emirate