#Real Estate

Dubai SME H1 2024 performance highlights Image Getty-Images-1417041621

Dubai nears 100,000 new homes in 2024, says real estate firm

So far, 99,779 units have been launched this year, putting the market on track to beat the all-time high of 101,654 new homes in 2023

Saudi Arabia’s PIF sets up company to build staff accommodation

Saudi Arabia’s PIF sets up company to build staff accommodation

SARCC will revolutionise the accommodation market by developing and operating complexes for staff in Saudi Arabia

Cityscape Global 2024: Tahaluf's Rachel Sturgess on aligning with Saudi's ambitious vision

Tahaluf’s Rachel Sturgess on how Cityscape Global aligns with Saudi’s ambitious vision

Cityscape Global 2024 offers a comprehensive platform for international city experts that addresses the future of urban development, real estate, and infrastructure, says the Tahaluf group director

Dubai’s Nakheel awards Dhs5bn construction contract for Palm Jebel Ali villas

Dubai’s Nakheel awards Dhs5bn construction contract for Palm Jebel Ali villas

The three contracts were awarded to Ginco General Contracting, Shapoorji Pallonji Mideast, and United Engineering Construction Company

One Maryah Place

 Aldar Properties, Mubadala break ground on One Maryah Place

Upon completion, the development will be integrated into Aldar’s Investment Properties portfolio, which holds Dhs27bn worth of income-generating real estate assets

DAMAC unveils wellness-centric community in Dubai

DAMAC unveils wellness-centric community in Dubai

This marks DAMAC’s fifth master community and its second launch within the last six months

Aldar, Expo City Dubai to develop Dhs1.75bn mixed-use project

Aldar, Expo City Dubai to develop Dhs1.75bn mixed-use project

The 50:50 joint venture will develop the six-building project next to the Dubai Exhibition Centre, which will include residential, office, and retail space

Saudi's Cenomi Centers, GIB Capital unveil SAR1bn real estate fund

Saudi’s Cenomi Centers, GIB Capital unveil SAR1bn real estate fund

The fund aims to accelerate development in the Qassim region, including the facilitation of a land sale programme and development of the U Walk Qassim Mall

Abu Dhabi’s Modon, Candy Capital form luxury real estate JV

Abu Dhabi’s Modon, Candy Capital form luxury real estate JV

The joint venture will build on Modon’s development pipeline as well as sites currently owned by Candy

Dubai Holding weighs new REIT amid housing boom

Dubai Holding weighs new REIT amid housing boom, report says

The REIT would offer investors access to a portfolio of prime income-generating properties managed by one of Dubai’s leading developers

Wynn Al Marjan Island construction as of May 1st 2024

Why RAK’s Al Marjan is set for a big ‘Wynn’

As Wynn Resorts prepares to open its first casino in the UAE, Al Marjan Island is poised for a significant real estate boom

Branded residences: UAE real estate’s most lucrative trend

Branded residences: UAE real estate’s most lucrative trend

The exponential rise of branded residences is impressive when you consider the figures: there are over 120 developments that can be classed as ‘branded residences’ in the UAE, compared to 69 in 2022

IHC’s Modon takes lead on Egypt’s Ras El Hekma city project

UAE’s Modon appointed lead developer of Egypt’s Ras El Hekma city project

The Ras El Hekma project is expected to drive significant economic growth, attracting $110bn in investment by 2045

Azizi developments to set up 12 factories in KEZAD-Warehouses Image Kezad For illustrative purposes

Azizi Developments to invest Dhs1bn to build new factories at KEZAD

The factories, spanning 220,000 square metres, will produce essential equipment and parts for the real estate sector

TECOM to buy commercial asset in Dubai Internet City for Dhs720m

TECOM to buy commercial asset in Dubai Internet City for Dhs720m

The commercial asset features five interconnected blocks offering a gross leasable area of 370,761 square feet

Why HNWIs are flocking to Dubai’s real estate development management sector

Real Estate Development Management is shaping up to be a preferred strategy for institutional and high-net-worth investors, offering access to more attractive deals in Dubai.

Saudi's ROSHN secures $2.4bn syndicated loan to drive growth

Saudi’s ROSHN secures $2.4bn syndicated loan to drive growth

The credit facility is expected to provide ROSHN with the financial flexibility needed to pursue new opportunities and strengthen its position

Gulf Business Awards

All the winners at Gulf Business Awards 2024

Gulf Business Awards 2024 honoured those who have demonstrated exceptional leadership, innovation, and success in their respective fields across the GCC.

Nakheel awards construction contract for Como Residences to Alec Engineering & Contracting

Nakheel awards Dhs1.8bn construction contract for Como Residences

The 75-storey luxury residential tower on Dubai’s Palm Jumeirah is scheduled for completion in Q2 2028

Abu Dhabi’s Mubadala, Aldar deepen ties with Dhs30bn JVs

Abu Dhabi’s Mubadala, Aldar deepen ties with Dhs30bn JVs

The deal seeks to unlock greater value for both parties and boost Abu Dhabi’s global appeal

Omniyat unveils Beyond, new waterfront project

Omniyat Group unveils Beyond, a new development company

The group unveiled an 11 million square feet project along Jumeirah’s coastline in collaboration with Dubai Maritime City, featuring Beyond’s upcoming developments

IHG, Sankari to debut standalone Regent Residences in Dubai

IHG, Sankari to debut standalone Regent Residences in Dubai

The project, slated for completion by the end of 2027, features a twin-tower development designed by Foster + Partners and is located in Marasi Marina

Dubai, Abu Dhabi rankings rise global real estate transparency index: JLL

Dubai, Abu Dhabi rise in global real estate transparency index

Dubai and Abu Dhabi have continued to enhance their data and service offerings through the REST and DARI platforms

How AIX is scaling investment to new heights

Scaling new heights: How AIX is redefining global investment opportunities

From navigating market fluctuations to seizing new avenues for growth, AIX has demonstrated resilience and agility at every turn

Aldar launches new luxe villa community on Yas island

Aldar unveils new luxe villa community on Yas island

According to the developer, 151 four-, five-, and six-bedroom canal-front and canal-accessible villas will be available to buyers from September 13 

top indians

Most influential Indians in the region 2024

We profile some of the most iconic Indian business titans based in the Gulf, highlighting their journeys and achievements

Gulf Business Awards

Cast your vote now for the Gulf Business Awards 2024 nominees

Vote for the most deserving individuals and businesses for the upcoming awards

Turin, ITALY: IPI S.p.a Group's Chief executive Danilo Coppola poses at Fiat's headquarters during a general shareholders meeting in Turin, 03 May 2006. AFP PHOTO / GIUSEPPE CACACE (Photo credit should read GIUSEPPE CACACE/AFP via Getty Images)

UAE extradites Italian businessman Danilo Coppola in accordance with bilateral treaty

Danilo Coppola was apprehended last year, following an Interpol alert, which was issued in response to an international arrest warrant

TECOM expands portfolio with Dhs1.7bn acquisition, new developments

TECOM expands portfolio with Dhs1.7bn acquisition, new developments

The new acquisitions and developments will boost TECOM Group’s portfolio of commercial leasing gross leasable area (GLA) to over 10 million square feet

US-ECONOMY-INFLATION-DATA

Dubai inflation numbers down in July: Is a rate cut on the horizon?

Dubai’s CPI moved down marginally to 111.56 points in July from 111.65 points in June, according to Dubai government data