Emaar Properties reported a 57.8 per cent drop in net profit for 2020
ESAG partners with National Bank of Fujairah to offer digital payment system
The sale price was more than $165m, according to sources
Cityscape’s Chris Speller reveals the trends shaping Dubai’s property market and plans for the emirate’s biggest property exhibition
The real estate sector in Dubai recorded a strong sales growth of 17 per cent in January 2021
The development includes 612 residential units spread over six buildings and retails space that spans 1,852 square meters
The bankruptcy judge decided to appoint a panel consisting of seven experts to examine the application
The six-bedroom Zunairah mansions have private infinity pools, landscaped gardens and direct access to the beach
Nature reserves and rural natural areas will constitute 60 per cent of the emirate’s total area, while land used for hotels and tourist activities will increase by 134 per cent
It is the largest mall in the Northern Emirates within the UAE and will feature over 360 brands, including a 16-screen VOX Cinemas multiplex
One of the initial projects will be to work to integrate Israeli urban green technologies into commercial and residential real estate projects
The money manager is the Gulf’s largest private investor in US real estate
A property glut and faltering demand in the Middle East’s business hub have driven prices down by more than a third since the market peaked some seven years ago
As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties
The 18-hole course designed by Tiger Woods is reportedly facing another delay
The One Za’abeel project includes two towers and ‘The Link’ – claimed to be the world’s longest cantilevered structure
Located within Dubai South’s Residential District, the villas have a built-up area ranging from 1,894-2,720 square feet
In 2020, there were 19,000 transactions executed, including sales and mortgages of land, buildings and real estate units for all types of land use
Emaar now has a total sales backlog of Dhs36.677bn, of which Dhs24.738bn is in the UAE
Its 2020 gross profit also rose 8 per cent to Dhs2.98bn
Aldar Estates now manages more than 32,000 units under property management and nearly 28,000 units under owners’ association management
2020 was a “very tough year” for all property developers, said Hussain Sajwani
The ‘Thrive in Abu Dhabi’ initiative invites foreigners and their families to settle down in the capital emirate
It takes the total number of hotels under ADNEC’s umbrella to five, including Aloft Abu Dhabi, Andaz Abu Dhabi Capital Gate and Aloft London Excel
Abu Dhabi Pension Fund is investing in some of ADNOC’s real estate assets
The 73-storey Amna Tower features 537 luxury units, including four ultra-luxury penthouses
Located within NEOM, the city is expected to house one million residents and create 380,000 jobs by 2030
The fund is reshaping its structure to focus on four business platforms: UAE investments, disruptive investments, direct investments and real estate and infrastructure
The simple, fundamental principle of investing dictates that you should buy low and sell high
Stations at Jebel Ali, Al Furjan, Discovery Gardens and The Gardens will start operating from New Year’s Day