#Real Estate

UAE real estate - escrow account

Dubai: 3 Real estate developers fined Dhs1.5m for escrow account violations

Using an escrow account ensures regulation of funds during the construction process of the units sold, ensuring the protection of investors and their rights

Jumeira Bay Island_Amalfi

This Dubai townhouse was rented for a record Dhs3.7m a year: see details

The townhouse is within the gated Villa Amalfi community, which gives residents access to upscale dining, leisure and wellness experiences and community facilities

Dubai wealth fund ICD’s 2023 profit jumps 68%

Dubai wealth fund ICD posts Dhs60.8bn in full-year profit

The state investor posted a record-high net profit of Dhs60.8bn, buoyed by an increase of Dhs24.6bn from its transportation and banking businesses

BIG Holding’s $146.5m IPO draws orders worth $2.5bn

BIG Holding’s $146.5m IPO draws orders worth $2.5bn

The company priced its IPO at the top of the range, selling its shares at 500 fils apiece to raise KWD45m

Eagle Hills unveils EUR3bn waterfront project in Latvia

UAE’s Eagle Hills expands global reach with EUR3bn Latvian project

A EUR250,000 investment in the Riga Waterfront would enable buyers to acquire residency in the European Union-member country

UAE

UAE economy grew 4.3% in fourth quarter of 2023

Financial and insurance activities, transportation and storage, real estate and construction sectors were among the top growth sectors

Emaar unveils The Heights Country Club and Wellness

Emaar unveils The Heights Country Club & Wellness

The residential offerings within the luxury development include townhouses and semi-attached villas

CBRE real estate

Trends shaping real estate in the GCC: An in-depth conversation with Anshuman Magazine of CBRE

CBRE has expanded its offerings as well as operations as the GCC sees a real estate boom backed by economic versatility and government investment programmes

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

As part of the plan, Tecom will invest Dhs966m to acquire commercial and industrial assets from Dubai Holding Asset Management

Kuwait’s BIG Holding to list 30% stake on local exchange

Kuwait’s BIG Holding to list 30% stake on local exchange

The holding firm has hired National Investments Company and EFG-Hermes UAE as joint bookrunners and global coordinators on the deal

Emaar development-Q1 property sales rise 50 per cent image-Emaar-e1713532878998

Emaar Development reports 50% rise in Q1 property sales

Emaar Development’s sales backlog has increased to Dhs65.7bn, which will be recognised as revenue in the coming years

luxury apartment villa in dubai with blue sky

Villas vs apartments in Dubai: What’s a better investment?

The key to making an informed decision lies in recognising and leveraging the unique features of each property type to build a diversified investment portfolio

UAE real estate: Over 30,000 residential units to be delivered by year's end, says JLL

UAE real estate: Over 30,000 residential units to be delivered by year’s end

According to JLL, in Q1, around 10,000 units were delivered in Dubai and 1,600 in Abu Dhabi, marking strong growth in the UAE’s residential sector

MIRA Developments partners with ELIE SAAB

MIRA Developments and ELIE SAAB announce partnership for 3 exclusive real estate projects in the North Caucasus

ELIE SAAB Residences Caucasus will seamlessly integrate three distinct locations across the North Caucasus region into a singular, unparalleled venture

Sha Emirates Island

Sha Emirates by Imkan: Abu Dhabi’s island community dedicated to wellbeing

SHA Emirates will feature an international wellness clinic and residences that reflect a transformative approach to healthy living

Aldar unveils ‘active living’ community Athlon in Dubai

Sales of units at the first phase of Athlon will launch on May 7, with prices starting from Dhs2.8m

UAE floods to impact construction projects

How UAE’s recent floods will impact construction projects

Several construction projects in the UAE will be affected, with huge potential for delays and damage to ongoing works

ROSHN launches ALDANAH

Saudi’s ROSHN unveils new residential project in Greater Dammam

Aldanah will feature more than 2,500 homes, spread across 1.7 million square metres, catering to nearly 10,000 residents

Arada awards Dhs615m contracts for 565 housing units

Sharjah’s Arada awards Dhs615m contracts for 565 housing units

Construction on the project will begin immediately and all homes will be completed and handed over by the end of 2025

Dar Al Arkan, ROSHN partner on SAR215m project in Sedra community

Dar Al Arkan, ROSHN ink deal on SAR215m project in Sedra community

Spanning 56,280 square metres, the project featuring villas will seamlessly blend modern amenities with Saudi heritage

Cash buyers dominating Dubai’s luxury property market in 2024 as city logs $1.7bn in Q1 sales

Palm Jumeirah has been the most sought-after area, accounting for 36.3 per cent of sales by total value, followed by Jumeirah Bay Island and Dubai Hills Estate

Dubai South Properties awards Dhs1.5bn contract to AL Kharafi to build new phases

Dubai South awards Dhs1.5bn contract to develop new South Bay phases

South Bay is envisioned as a premier residential community located in the heart of the Residential District in Dubai South

Dubai ALEC IPO on the cards

Dubai considers IPO for ALEC amidst property boom: Reports

Investment Corporation of Dubai is said to consider listing ALEC

Cheyne Capital secures investment from Abu Dhabi’s ADIA

Abu Dhabi unveils new Dhs3.5bn residential project for citizens

The Yas Canal project in Abu Dhabi will comprise 1,146 residential villas for UAE Nationals and is scheduled for completion in Q4 2027

AHS Properties CEO Abbas sajwani Image Motivate Media Group

‘Location sets the stage for luxury living’, says AHS Properties’ Abbas Sajwani

Keen to step outside the box and reimagine the expected, entrepreneur and AHS Properties CEO Abbas Sajwani is not just selling dream homes – he’s redefining the landscape of luxury living

New Murabba Mukkab

Saudi’s New Murabba ‘open for international investment’, says CEO

Already making significant strides in laying the groundwork for the iconic Mukaab building, the company has excavated nearly four million cubic metres of material

Nobu Residences Abu Dhabi_Penthouse Villa Terrace

Abu Dhabi’s most expensive penthouse is sold, here’s what it cost

The unit sets a new benchmark for price per square metre at more than Dhs96,000 per square metre and is the most expensive apartment ever sold in Abu Dhabi

Nouran Living by Aldar launches in Abu Dhabi Image: Aldar

Community takes centre stage at Aldar’s new Nouran Living

Construction on Nouran Living is set to begin in Q4 this year, with handovers expected in Q4 2027

Reed smith experts on how Saudi giga-projects can introduced innovation to offset risks

Saudi giga-projects: How innovation can offset risks

There is an increasing awareness in the kingdom’s construction market of the necessity for more collaborative contracting methods to get these giga-projects across the finish line – efficiently and profitably

Real Estate Moguls: Imran Farooq, CEO, Samana Developers Image Supplied

Real Estate Moguls: Meet Imran Farooq, CEO of Samana Developers

Farooq’s leadership philosophy is embodied in SAMANA Developers’ “On Time, Every Time” commitment, a cornerstone of its success