#Real Estate

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

Aldar launches Yas Park Gate, its latest gated community, next to Yas Park

The homes at Yas Park Gate are designed to achieve a two-pearl rating, as per the UAE’s Estidama sustainability rating system

Sharjah real estate transactions in July revealed

Sharjah real estate transactions’ value hits Dhs1.4bn in July: SRERD

According to the Sharjah Real Estate Registration Department, the number of mortgage transactions in July reached 338 in total, valued at Dhs487m

Hussain-Sajwani Chairman DAMAC Properties

Damac Group’s Hussain Sajwani keen to explore investment opportunities in Germany

The company is looking to expand its footprint in Europe, having entered a joint venture in Denmark to build single family residential developments across Scandinavian countries

Ajman construction contracts' value rises in H1 2022

Value of construction contracts in Ajman crosses Dhs2.1bn in H1 2022

Construction contracts in the emirate rose in value by 11 per cent compared to the two previous years

Dubai rental rates see highest growth since May 2014

Rental growth in Dubai reaches highest rate since May 2014: CBRE

According to CBRE, average rents in the 12 months to July increased by 23.7 per cent, with average apartment and villa rents increasing by 23.5 per cent and 24.8 per cent respectively

Sarah Hewerdine, Head of Marketing at houza.com

Will the latest interest hike spike your dream of buying a home?

Sarah Hewerdine lists out key takeaways of the recent interest rate hike for an everyday home-buyer in the UAE

EMAAR announces H1 2022 results

UAE’s Emaar reports robust H1 2022 revenue of Dhs13.575bn

Emaar’s hospitality division saw its revenue grow by 64 per cent compared to H1 2021, reflecting the tourism sector’s robust post-pandemic recovery

UAE introduces new reporting rues for real estate for transparency

UAE introduces new reporting requirements for real estate transactions

The new requirements ensure the development of regulatory frameworks, leaving little or no room for manipulation or illegal practices

real estate crowdfunding

Is crowdfunding the future of real estate investment?

We look at the advantages that real estate crowdfunding offers both investors and sellers

Dubai property sales see record high in June 2022_e1655190951740

Dubai: June property sales register nine-year high, sales transactions amount to Dhs22.7bn

According to Mo’asher data, Q2 2022 marked the highest quarterly volume of sales transactions for the last decade, with a total of 22,504 transactions worth Dhs59.154bn

ALDAR announces H1 2022 results

Aldar reports net profit of Dhs1.53bn in H1 2022, net profit in Q2 hits Dhs41m

Group sales rose to a record level of Dhs5.33bn for H1 2022, driven by strong domestic and international demand for existing inventory and launch of new properties

Abu Dhabi records over AED 22.5 billion total of real estate transactions in first half of 2022

Abu Dhabi records real estate transactions worth Dhs22.5bn in H1 2022

The Department of Municipalities and Transport recorded 7,474 property transactions in the first six months of the year

Provis announces energy and water savings

Aldar-owned Provis achieves energy and utility savings worth Dhs2.4m in H1 2022

The company successfully reduced over 5,000 tons of carbon emissions and saved over 4 million kWh of energy

Stocks

Big tech sinks stocks as clock ticks on earnings

All major groups in the S&P 500 retreated with losses in megacaps like Tesla and Apple weighing heavily on trading

Dubai

Dubai home sales surge even as prices for larger houses moderate

Prices for villas grew at a monthly rate of 1.7 per cent in June, down from an average of 2.3 per cent per month last year

Grove District

Abu Dhabi’s Aldar sells out three buildings at Grove District, releases fourth

The sales recorded at Grove District so far total up to Dhs600m

reits

Insights: Is the UAE utilising property REITs to its long-term benefit?

Local real estate investment trusts can benefit from a different approach to real estate lending by local banks and an enhanced legal framework to support their growth and popularity

Saudi Arabia maintained its position in the top 50 global rankings

Revealed: UAE’s real estate market ranked as top global improvers

Dubai enters ‘Transparent’ tier status for the first time driven by new regulations and enhanced digital services

Chairman of Dubai’s ORO24 Developments on the country’s real estate trends

There is a high momentum particularly in the off-plan segment and it will only grow, notes Atif Rahman

ADRES Microsoft

ADRES partners with Microsoft to strengthen its digital real estate platform

The digital platform uses technology from Azure, such as cloud-native space, including Azure Kubernetes Services

Alpha Dhabi ups stake in Aldar

Alpha Dhabi ups stake in Aldar, becomes single largest shareholder and parent company

As a long-term strategic shareholder, Alpha Dhabi will continue to support Aldar’s management team as they execute its growth agenda

ALDAR invests in ARONGA VENTURES FUND

Aldar partners with real estate technology investor, Taronga Ventures

The investment in the Taronga Ventures fund adds to Aldar’s investments in four other real estate technology funds

Majid Al Futtaim Joins MIT Center for Real Estate as a Strategic Partner

Majid Al Futtaim joins MIT Center for Real Estate as a strategic partner

Majid Al Futtaim – Properties, which is the first real estate developer from the MENA region to join MIT/ CRE as a strategic partner, will collaborate with the centre on in-depth research across areas of common interest