#Real Estate

UAE floods to impact construction projects

How UAE’s recent floods will impact construction projects

Several construction projects in the UAE will be affected, with huge potential for delays and damage to ongoing works

ROSHN launches ALDANAH

Saudi’s ROSHN unveils new residential project in Greater Dammam

Aldanah will feature more than 2,500 homes, spread across 1.7 million square metres, catering to nearly 10,000 residents

Arada awards Dhs615m contracts for 565 housing units

Sharjah’s Arada awards Dhs615m contracts for 565 housing units

Construction on the project will begin immediately and all homes will be completed and handed over by the end of 2025

Dar Al Arkan, ROSHN partner on SAR215m project in Sedra community

Dar Al Arkan, ROSHN ink deal on SAR215m project in Sedra community

Spanning 56,280 square metres, the project featuring villas will seamlessly blend modern amenities with Saudi heritage

Cash buyers dominating Dubai’s luxury property market in 2024 as city logs $1.7bn in Q1 sales

Palm Jumeirah has been the most sought-after area, accounting for 36.3 per cent of sales by total value, followed by Jumeirah Bay Island and Dubai Hills Estate

Dubai South Properties awards Dhs1.5bn contract to AL Kharafi to build new phases

Dubai South awards Dhs1.5bn contract to develop new South Bay phases

South Bay is envisioned as a premier residential community located in the heart of the Residential District in Dubai South

Dubai ALEC IPO on the cards

Dubai considers IPO for ALEC amidst property boom: Reports

Investment Corporation of Dubai is said to consider listing ALEC

Cheyne Capital secures investment from Abu Dhabi’s ADIA

Abu Dhabi unveils new Dhs3.5bn residential project for citizens

The Yas Canal project in Abu Dhabi will comprise 1,146 residential villas for UAE Nationals and is scheduled for completion in Q4 2027

AHS Properties CEO Abbas sajwani Image Motivate Media Group

‘Location sets the stage for luxury living’, says AHS Properties’ Abbas Sajwani

Keen to step outside the box and reimagine the expected, entrepreneur and AHS Properties CEO Abbas Sajwani is not just selling dream homes – he’s redefining the landscape of luxury living

New Murabba Mukkab

Saudi’s New Murabba ‘open for international investment’, says CEO

Already making significant strides in laying the groundwork for the iconic Mukaab building, the company has excavated nearly four million cubic metres of material

Nobu Residences Abu Dhabi_Penthouse Villa Terrace

Abu Dhabi’s most expensive penthouse is sold, here’s what it cost

The unit sets a new benchmark for price per square metre at more than Dhs96,000 per square metre and is the most expensive apartment ever sold in Abu Dhabi

Nouran Living by Aldar launches in Abu Dhabi Image: Aldar

Community takes centre stage at Aldar’s new Nouran Living

Construction on Nouran Living is set to begin in Q4 this year, with handovers expected in Q4 2027

Reed smith experts on how Saudi giga-projects can introduced innovation to offset risks

Saudi giga-projects: How innovation can offset risks

There is an increasing awareness in the kingdom’s construction market of the necessity for more collaborative contracting methods to get these giga-projects across the finish line – efficiently and profitably

Real Estate Moguls: Imran Farooq, CEO, Samana Developers Image Supplied

Real Estate Moguls: Meet Imran Farooq, CEO of Samana Developers

Farooq’s leadership philosophy is embodied in SAMANA Developers’ “On Time, Every Time” commitment, a cornerstone of its success

Bik Bhuptani and Paul Simmons on why regional investors continue to be interested in the real estate sector in the UK Images supplied

Power Letters 2024: Regional investors retain interest in UK real estate

Despite economic headwinds, trends reflect a growing demand for green and ESG-compliant real estate assets in the UK

UAE

UAE’s property market shows no sign of cooling off, says CBRE

The average residential prices in Dubai surged by 20.1 per cent in the year to December, with apartment prices rising by 19.8 per cent

Rizwan Sajan.

Rizwan Sajan: From Dubai’s 1% Man to 101 levels

Rizwan Sajan, the founder and chairman of Danube Group, is famous for being the “1 per cent man in Dubai”, but he’s reaching fresh heights with his company’s latest tower project

Binghatti marks successful $300m sukuk issuance

Dubai’s Binghatti celebrates successful $300m sukuk issuance

The issuance marks the first real estate benchmark US dollar-denominated sukuk from the MENA region in 2024

Meet Hassan El Shazly, CEO of Sodic Properties

Real Estate Moguls: Meet Hassan El Shazly, CEO of Sodic Properties

The company’s presence in the bustling Business Bay district has not only contributed to its success but is also playing a pivotal role in shaping Dubai’s skyline

Dhariwal is expanding his ventures to Dubai

Real Estate Moguls: Meet Amit Dhariwal, managing partner, Hridaan Realty

Dhariwal is expanding his entrepreneurial reach to Dubai to replicate the success and excellence achieved in India

Abdullah Alajaji on how Driven Properties is scaling new heights

Real Estate Moguls: Meet Abdullah Alajaji founder & CEO of Driven Properties

Being part of Forbes Global Properties highlights Driven Properties’ exceptional track record in the luxury real estate sector

Carlos Wakim on how Bloom Holding is redefining living

Real Estate Moguls: Meet Bloom Holding’s Carlos Wakim

Wakim leads operations across all of Bloom Holding’s companies, including real estate, education investments, and hospitality

ROSHN’s group CEO on transforming Saudi living

ROSHN CEO David Grover on transforming Saudi’s housing sector

The group GCEO tells us that ROSHN is a catalyst for economic growth and diversification in addition to raising homeownership rates in the country

One of Dubai's most exclusive mansions is up for sale, it can be yours for... Image B1 Properties

One of Dubai’s most exclusive mansions is up for sale, it can be yours for…

The house is crafted with custom high-end materials, the interior showcases exclusive brands including Hermès, Baccarat THG Paris and Fantini Italy

Bay Views by RAK Properties Image: Supplied

RAK Properties’ Sameh Muhtadi on why Ras Al Khaimah is a magnet for investors

With its strategic location, favourable business environment and diverse investment sectors, RAK offers compelling advantages for investors seeking to maximise their returns, says RAK Properties CEO Muhtadi

real estate ads

Real estate agents be warned: Deadline against ‘fake’ ads fast approaching

A ‘fake’ ad is described as one where the real estate listing shows a property available on a portal or website but in reality, is either sold or rented out

ALDAR

Aldar reports record 40% net profit on sales surge

The company attributed the growth to its highest-ever quarterly development sales of Dhs8.5bn in Q4, with full-year sales reaching a record Dhs27.9bn

RERA fines 30 real estate companies for non compliances with T&Cs stipualted in ads GettyImages-1129092019-1

Dubai: RERA fines 30 real estate firms for this violation

The agency had previously issued circulars and warnings to emphasise the provisions and conditions of real estate advertising and ensure compliance

EMAAR FY2023 results -photo-courtesy_emaar

Emaar FY2023 profit rises 70%, property sales reach $11bn

The Dubai-based developer reported a 7 per cent increase in revenues to Dhs26.7bn ($7.3bn)

In numbers: Dubai real estate registers best-ever performance in 2023

The value of real estate transactions exceeded Dhs634bn with the number of transactions reaching over 166,400 real estate transactions in 2023