#Real Estate

Power Letters 2022: Rizwan Sajan, chairman and founder, Danube Group

We opened our showrooms in Uzbekistan and Nepal and are planning to take Danube Homes to more than 50 countries worldwide

UAE’s office market displayed signs of recovery in Q4 2021 – JLL

Change in work week, introduction of new labour laws and visa options contributed, states JLL’s 2021 year-end report

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2021: Dubai records highest value of real estate sales transactions in 12 years

The total number of real estate sales transactions that took place last year were also the highest since 2013

Aldar gains ground within two global ESG benchmarks

The company’s improved ESG ratings have been attributed to the consistent and broad integration of sustainability practices into its operations

Aljada Discovery Centre Arada

Sharjah’s Arada posts 38% rise in sales in 2021 to Dhs2.41bn

Arada sold 2,488 homes last year, 6 per cent more than the year before

Dubai records real estate transactions worth Dhs300bn in 2021

The Dubai Marina area saw the highest number of transactions

Abu Dhabi

UAE’s Alpha Dhabi Holding acquires 25% of Al Qudra Holding

The acquisition is part of Alpha Dhabi’s Dhs8bn strategic investment plan across key sectors in the UAE

Qatar’s record bet on London homes sees $900m of sales

With construction complete on roughly 80 luxury homes at Chelsea Barracks, 92 per cent of the finished properties have found owners

Dubai’s real estate market: What should investors look at in 2022?

The combination of supply finally increasing in Dubai and short-term rentals also growing will ensure the market does not see a major crash

Abu Dhabi’s IHC approves merger of its real estate firm Al Tamouh with Al Qudra Holding

Investment holding company Al Qudra’s board has approved a new foreign ownership limit of 30 per cent of outstanding shares

Real estate: How buyers must adopt a longer-term approach

Investors rushing to buy off-plan properties in Dubai must avoid focusing on the short-term market trends

Dubai’s property market soars with Jan-Nov 2021 sales figures highest since 2014

The value of real estate sales transactions for the first 11 months of the year is 88.39 per cent more than 2020 as a whole

Is now a good time to enter or exit Dubai’s real estate market?

With prices of villas and townhouses rising in Dubai, what counts for a good move?

Up to 66% of Indian expats plan to increase their investments in the UAE – HSBC

Property is seen as the most important investment class for Indians in the UAE

Downtown Dubai

UAE’s Emaar Development reports net profit of Dhs2.38bn for first nine months of 2021

It reported its highest ever property sales of Dhs20.94bn over the same period

UAE’s Century Financial to launch new funds, AI trading platform and property crowdfunding site

The investment firm is diversifying its business with plans to also launch in Saudi soon, says Ali AbdulKareem Ali, senior executive director at Century Financial

International investors boosting Dubai property market, say developers at Cityscape

During the first nine months of the year, a total of 43,299 property sales transactions worth Dhs104.3bn were recorded in Dubai

Sharjah UAE

Sharjah records Dhs5.7bn in real estate transactions for Q3 2021

The total volume of area circulated in sales transactions amounted to around 16.5 million sq ft

Investcorp

Bahrain’s Investcorp builds EUR1bn European real estate portfolio

It recently acquired ten UK industrial assets for a combined purchase price of GBP56.7m

MENA’s proptech landscape: Primed for growth?

The evolving landscape will soon change the way adopting an innovative digital business model in the real estate market is viewed

Hawazen Esber is CEO of Majid Al Futtaim Communities

How to create more sustainable communities within the UAE

The UAE is home to 869 green-rated buildings, the 14th highest national concentration globally

UAE launches ‘major investigation’ into Dubai developer Union Properties

The Public Prosecution is investigating allegations of financial violations committed by chairman Khalifa Hassan Al Hammadi as well as other senior executives

Dubai South The Avenue

Dubai South launches new freehold development project called The Avenue

Plots in The Avenue will vary in size from 30,000-55,000 square feet

Dubai real estate transactions cross Dhs100bn mark during Jan-Sep this year

The month of September recorded 5,762 sales transactions worth Dhs16.2bn

How will Expo 2020 Dubai impact the local real estate market and shape future trends?

Developers need to understand the changing demands of potential investors and organisations

Abu Dhabi

Abu Dhabi real estate transactions reach Dhs23.5bn in H1 2021

It included 3,425 real estate sales transactions worth Dhs9.02bn, and 3,621 mortgage transactions valued at Dhs14.55bn

Dubai penthouse Atlantis The Royal Resort & Residences Palm Jumeirah

In pics: Dubai’s most expensive luxury penthouse listed for $49m

The 25,000 sqft five-bed penthouse triplex is located at at the Atlantis The Royal Resort & Residences in Palm Jumeirah

Sheikh Mohammed bin Rashid Al Maktoum

Sheikh Mohammed allocates Dhs65bn to Emirati housing programme in Dubai

The Ruler of Dubai also issued directives to quadruple the number of citizens benefiting from the housing programme effective from next year

Gold edges higher as havens rally on growing Evergrande fears

The traditional haven has lost 8 per cent this year

Abu Dhabi’s Aldar-ADQ consortium offers to purchase up to 90% stake in Egypt’s SODIC

The consortium is offering a purchase price of EGP20 per share, valuing the company at $453m