#Real Estate

driven properties

Dubai real estate: A positive outlook for 2023

We believe that the Dubai property market will continue to see exceptional demand in the new year, and that 2023 will be another record year for the market

Property finder report Dubai property market Getty Images-1417041621

Dubai’s real estate market surpasses Dhs240bn in 2022: Property Finder

This growth has been fuelled by the robust success of off-plan deals, which climbed by 86 per cent compared to 2021

Dubai Land Department courtesy Dubai Media Office

Dubai Land Department launches strategic plan for 2026

Tthe focus is on shifting to an employee-first culture, refreshing DLD’s identity and enhancing its position, and adopting a proactive and human-focused approach

Dubai Investments breaks ground on Danah bay

Dubai Investments breaks ground on Dhs1bn Danah Bay project on Al Marjan Island

Danah Bay will be a premium beach community with a resort-style retreat in Ras Al Khaimah

Modon Properties launches two waterfront destinations in Al Dhafra

Modon Properties unveils two integrated waterfront destinations in Al Dhafra

The two integrated waterfront destinations are adjacent to Modon’s eco-tourism campsite project, Bab Al Nojoum – Al Mugheirah Resort

tech

Can Dubai’s growing tech affinity propel its real estate sector?

Dubai’s real estate sector has taken massive strides in terms of sales and investment

Dubai

Dubai’s GDP grows 4.6% during first nine months of 2022

The emirate hosted 10.12 million international visitors from January through September 2022, compared to 3.85 million welcomed during the same period last year

Stella Stays

Proptech Stella Stays expands footprint, opens second residence tower in Riyadh

The Olaya Tower 2 offers furnished apartments, a co-working space and other recreational and commercial services

Property Finder Awards 2022: Honouring excellence, rewarding quality

The awards recognised and celebrated top performers from UAE’s leading brokerage agencies and real estate developers

Saudi Arabia National Housing Company

How Saudi Arabia is resetting its real estate landscape brick by brick

Saudi Arabia-based National Housing Company is helping redefine the local real estate landscape, their CEO Mohammed Bin Saleh Albuty, tells us more about it

Aldar and Nobu partner

Aldar, Nobu Hospitality to bring region’s first Nobu branded residences, hotel to Saadiyat Island

The agreement will see Aldar develop a five-star hotel, featuring 165 luxurious guest rooms and suites, including the rooftop Nobu Villa

Silkhaus

UAE proptech startup Silkhaus raises $7.75m seed round

Silkhaus’ operating system for asset owners provides them with the tools needed to monetise and manage their properties for short-term rentals

Oman’s sovereign wealth fund boosts assets to $41.5bn

The fund now manages over OMR16bn of assets in 40 countries and has achieved an annual average return of 10.3 per cent

EMAAR announces Jan-Sep 2022-results

Emaar reports net profit of Dhs5.8bn for first nine months of 2022

Emaar recorded the highest-ever group property sales of Dhs26.9bn ($7.3bn) during the nine-month period

Abu Dhabi real estate_GettyImages-1316754718

Abu Dhabi real estate transactions cross Dhs21.04bn in Q3 2022

Yas Island topped the list logging transactions worth Dhs1bn, while Al Saadiyat Island came in second with transactions worth Dhs929m

Aldar Properties joins CEBC

Aldar Properties joins Clean Energy Business Council as partner member

Aldar will collaborate with CEBC in its ‘Energy Efficiency’ working group to achieve goals that will promote a sustainable future and support the UAE Net Zero by 2050 Strategic Initiative

oro24 ATIF Rehman

Cover story: ORO24 Developments’ Atif Rahman talks about building on big dreams

The founder and chairman of the UAE-based real estate firm tells Gulf Business why curating a people-centric business is key to success and why he is passionate about developing communities

Aldar announces record sales for period ending Sept 30, 2022

Aldar’s development sales reach Dhs9.3bn in first nine months of 2022

The group announced a net profit of Dhs2.13bn for the nine-month period, ending September 30, registering a 38 per cent year-on-year growth

Alpha Dhabi reports nine-month results for 2022

Alpha Dhabi announces net profit of Dhs9bn for first nine months of the year

The holding company’s revenues also grew significantly, standing at Dhs26.6bn, which represents a year-on-year increase of 133 per cent

Arada photo courtesy WAM

Real estate developer Arada successfully closes $100m tap of sukuk issuance

Arada will use the proceeds from the tap for general corporate purposes and to support the development of its existing projects

Bayfront Project Al-Khobar Saudi Arabia

Saudi’s Ajdan Real Estate Development Company to develop SAR250m Bayfront project in Al-Khobar

Bayfront will be located on the northern part of Al-Khobar’s beach, spanning over 100,000 square metres from the shore with a 1,600-square-metre island

Arada_Aljada project in Sharjah

Arada awards two building contracts valued at Dhs454m in Sharjah’s Aljada project

The company said it has completed almost 1,500 homes at Aljada, including all 14 apartment blocks and a garden villa community in the first residential phase of the community

Dubai Chambers, DLD to enhance transparency in rental market, boost investment environment

The MoU signed by the entities will allow business councils and groups under Dubai Chambers to own and rent real estate and offices in the emirate

Dubai Investment launches Danah Bay in Al Marjan

Dubai Investments launches Danah Bay, a premium beachfront community in Ras Al Khaimah

Spanning an area of approximately 90,000 square metres, the project offers a variety of freehold residential options

real estate

Cover story: Why the CEO of Seven Century Real Estate Brokers believes Dubai is fertile ground for investments

In this exclusive interview, Naghmeh Sheikholeslami speaks of resilience, prioritising customers and Dubai’s evolving real estate landscape

AMAALA

Amaala project pushes forward, over 300 contracts signed worth more than $1.7bn: Red Sea Development Company

Work is underway on-site to develop the destination, with more than 2,400 staff already on site and 9.9 million manhours logged to date

Saudi giga projects - The Line, NEOM

Saudi Arabia: Real estate and infrastructure projects’ value tops $1.1tn since launch of Vision 2030

Global real estate consultancy Knight Frank said it’s tracking 15 giga projects in various phases of construction around the kingdom, many of which are new stand-alone super-cities

Aldar Scales Up Property And Integrated Facilities Management Platform With Acquisition Of Spark Security Services

Aldar acquires Spark Security Services, scales up property and facilities management platform

Spark Security works with organisations operating in a wide range of sectors, including infrastructure, banking, healthcare and hospitality

Stake

Dubai’s property investment platform Stake raises $8m in pre-series A funding

The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region

Real Estate

How artificial intelligence is transforming the UAE’s real estate market

Alex Galtsev, CEO and founder at Realiste explains how the technology simplifies and streamlines the user experience