With growing demand and upcoming supply, the year looks promising for Dubai’s luxury property 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
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
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, 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
A waterfront luxury development, The Oasis by Emaar offers large mansions and villas with stunning views of lakes and canals
The group’s managing director – operations and technology shares the next chapter of growth planned for the Dubai-based conglomerate
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
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
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
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
The smart and sustainable city will cover an area of approximately 15 million square metres
The world’s wealthy have been increasingly targeting Dubai’s luxurious homes, primarily situated in the city’s most desirable districts
This is the sixth tranche under SRC’s upsized SAR20bn sukuk programme
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
The new housing projects, which are located in West Baniyas and Al Samha, include 1,742 residential villas for citizens
Over 180,000 domestic and international attendees will attend the debut edition of Cityscape Global
Emaar’s group property sales reached Dhs9.2bn, an 11 per cent increase compared to Q1 2022
The initiative is aimed at encouraging the testing and commercialisation of new and innovative products and technologies in Dubai
The property developer’s net profit reached Dhs56.4m in the first three months of 2023 from Dhs25m in the same period last year
The city’s non-oil sectors witnessed significant growth of Dhs43bn in 2022 and contributed 50 per cent to the overall GDP
The property firm said its investment in SODIC was one of the largest foreign investments in the Egyptian real estate sector
The developer said its revenue backlog hit a record Dhs18.8bn, which provides visibility over the next two to three years
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 Mohammad Al Shehhi talks to us on the company’s growth strategy and its growing real estate portfolio
The company has appointed Michael Zager as its new chief operating officer – Hospitality
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
The buyer, who doesn’t live in the UAE, is planning to build a family vacation home on the property
The sector maintained its high growth momentum recording 38,700 transactions
The property developer plans to continue making healthy investments in its workforce while attracting top global talent to foster more inclusive growth