#Real Estate

Dubai’s luxury real estate market is booming. Here’s why

With growing demand and upcoming supply, the year looks promising for Dubai’s luxury property market

Real Estate

Guide to capitalise on UAE’s flourishing real estate market

Real estate investors looking to leverage the boom in the UAE market without committing to a large outlay can use REITs to earn high yields

Abu Dhabi, Dubai property market upbeat on both demand and supply side

Real estate Services Company Asteco’s CEO, HP Aengaar shares the highlights of Abu Dhabi and Dubai’s property market in the first quarter of the year and the outlook for demand and supply in the upcoming months

Proptech

Investing in proptech: How market players are embracing tech-driven solutions

Here are the key developments that have shaped the proptech industry in the Middle East

Talal Moafaq Al Gaddah, senior executive vice chairman of MAG discusses Reserve highlights Image mag Group

How MAG Group’s Keturah Reserve is blending sustainability, wellbeing and luxury 

Talal Moafaq Al Gaddah, senior executive vice chairman of MAG, shines the spotlight on the group’s new and exclusive development, Keturah Reserve, and shares how bio living can have a positive impact on people’s wellbeing

Emaar Unveils The Oasis by Emaar image Emaar

Dubai’s Emaar unveils stunning new $20bn luxe lifestyle destination

A waterfront luxury development, The Oasis by Emaar offers large mansions and villas with stunning views of lakes and canals

Ali Sajwani MD operations and tech DAMAC Group Image Mark Mathew MMG

Cover feature: DAMAC Group’s Ali Sajwani on the company’s journey of transformation

The group’s managing director – operations and technology shares the next chapter of growth planned for the Dubai-based conglomerate 

Modon Properties Al Hudayriyat Island image credit Modon Properties

Abu Dhabi unveils masterplan for Al Hudayriyat Island project

Over the next 18 months, Modon Properties will be focusing on the construction of enabling infrastructure for Phase 1 in line with the project’s approved plan

Abu Dhabi gaining appeal among global HNWIs GettyImages-665435021

Abu Dhabi real estate gaining popularity among global HNWIs: Knight Frank

According to Knight Frank’s survey, 45 per cent of global HNWIs indicated that the emirate’s development plans enhanced its appeal as an investment destination

Chris Roberts group CEO Eltizam Group Image Supplied

Eltizam Group’s Chris Roberts shares AI’s impact on property management, other trends

The group’s chief executive officer tells Gulf Business why digital transformation and upskilling are key to the future of a company, and how tech is transforming the real estate and property management sectors

DUBAI - RENTAL AREAS

Dubai property sector sees 11,700 transactions worth Dhs34bn in May

According to Property Finder’s proprietary data, the top searched areas for owned apartments in May included Dubai Marina, Downtown Dubai, Business Bay, Palm Jumeirah, and Jumeirah Village Circle

Sultan Haitham City image credit Twitter Oman News Agency

Oman unveils plans to build Sultan Haitham City

The smart and sustainable city will cover an area of approximately 15 million square metres

Dubai property market

Global HNWIs to pour $2.5bn in Dubai property in 2023: Knight Frank

The world’s wealthy have been increasingly targeting Dubai’s luxurious homes, primarily situated in the city’s most desirable districts

SRC CEO Fabrice Susini image credit SRC twitter

PIF’s Saudi Real Estate Refinance Company completes latest sukuk issuance of SAR3.5bn

This is the sixth tranche under SRC’s upsized SAR20bn sukuk programme

Jassem Busaibe - Chief Executive Officer at Aldar Investment Image Aldar Properties

Aldar acquires Basatin, expands facility management, landscaping services offering

Through this transaction, which is valued at Dhs150m, Aldar will hold a majority stake of 75 per cent in Basatin with the remaining 25 per cent held by a strategic partner

Abu-Dhabi-Housing-Authority-has-announced-new-housing-projects-in-West-Baniyas-and-Al-Samha-regions-photo-Abu-Dhabi Housing Authority-

Abu Dhabi launches housing projects worth over Dhs7bn

The new housing projects, which are located in West Baniyas and Al Samha, include 1,742 residential villas for citizens

Cityscape Global Saudi Arabia Edition

Cityscape Global to debut in Saudi Arabia this year

Over 180,000 domestic and international attendees will attend the debut edition of Cityscape Global

EMAAR DOWNTOWN_DUBAI

Emaar records net profit rise of 43% to Dhs3.2bn for Q1 2023

Emaar’s group property sales reached Dhs9.2bn, an 11 per cent increase compared to Q1 2022

dubai Land department

Dubai Land Department launches Real Estate Innovation Incubator 2023

The initiative is aimed at encouraging the testing and commercialisation of new and innovative products and technologies in Dubai

Deyaar Development

Dubai property firm Deyaar posts 125% surge in Q1 profit

The property developer’s net profit reached Dhs56.4m in the first three months of 2023 from Dhs25m in the same period last year

Abu Dhabi 2022 GDP

Abu Dhabi economy grows 9.3% in 2022 on non-oil activities boost

The city’s non-oil sectors witnessed significant growth of Dhs43bn in 2022 and contributed 50 per cent to the overall GDP

Aldar Properties Egyptian investment

Aldar Properties reaffirms its commitment to Egypt

The property firm said its investment in SODIC was one of the largest foreign investments in the Egyptian real estate sector

Aldar Properties group CEO Talal Al Dhiyebi

Abu Dhabi’s Aldar Properties posts 22% jump in Q1 2023 profit

The developer said its revenue backlog hit a record Dhs18.8bn, which provides visibility over the next two to three years

Tecom Group Q1 Dubai-Media-City_web

TECOM Group’s Q1 2023 net profit rises 34% to Dhs255m

The group’s Q1 revenue touched Dhs514m, a 6 per cent year-on-year increase on the back of sustained occupancy levels and high retention rates

A.R.M. Holding CEO Mohammed Saeed Al Shehhi on company growth

How A.R.M. Holding sustains competitive edge in Dubai’s real estate market

A.R.M. Holding CEO Mohammad Al Shehhi talks to us on the company’s growth strategy and its growing real estate portfolio

Azizi Developments

Azizi Developments enters hospitality sector; announces launch of global hotel brand

The company has appointed Michael Zager as its new chief operating officer – Hospitality

Knight Dragon’s Sammy Lee

How Knight Dragon plans to revolutionise Saudi Arabia’s real estate landscape

The developer shares the same vision as the authorities in Saudi Arabia and the company plans to open an office in Riyadh in Q4 2023

Bay Island

Dubai’s Jumeirah Bay Island plot sells for $34m, sets new record

The buyer, who doesn’t live in the UAE, is planning to build a family vacation home on the property

Dubai real estate

Here’s how much Dubai’s real estate sector recorded in Q1 2023

The sector maintained its high growth momentum recording 38,700 transactions

Emaar Properties dividendsEmaar Properties dividends

Emaar Properties approves dividends equal to 25% of share capital

The property developer plans to continue making healthy investments in its workforce while attracting top global talent to foster more inclusive growth