#Real Estate

Dubai - Millionaire city

Emaar nine-month net profit sees 43% hike bolstered by property sales

Emaar Development’s net profit for the first nine months of the year touched Dhs4.1bn ($1.1bn)

Haven By Aldar sells out two phases

Aldar sells out first two phases of Haven, its first residential development in Dubai

The final phase of Haven, which includes further villas, townhouses, and apartments, will launch for sale to buyers of all nationalities in early 2024

TECOM Group announces Q3 2023 results Image Tecom

TECOM Group announces Q3 ’23 results, reports 34% rise in net profit

The group’s Q3 earnings before interest, taxes, depreciation and amortisation rose by 13 per cent YoY to Dhs410m

Dubai real estate transactions net Dhs429.67bn as of Sept

Dubai real estate transactions net Dhs429.67bn at end of Sept ’23

Dubai Land Department data showed that Al Barsha South Fourth headed the list with 10,351 transactions, followed by Dubai Marina and Business Bay

Aldar Properties Q3 2023 highlights Image Aldar

Aldar Q3 ’23 group sales rise 99%, marks highest ever quarterly sales

Group sales during the first nine months reached a record Dhs19.4bn, up 109 per cent on the back of 11 project launches year-to-date and strong demand for Abu Dhabi properties

Haven by aldar announced in Dubai

Here’s what Haven, Aldar’s first residential community in Dubai, will offer

 Construction of the first phase of Haven by Aldar is due to begin in Q2 2024, with handovers expected in Q3 2027

CITYSCAPE BAHRAIN

Cityscape Bahrain set to return in November 2023

The event highlights the country’s commitment towards accelerating the growth and development of the real estate sector

Dubai Land Department's RDC showcases Al and metaverse tech to solve rental disputes at Gitex Global 2023 Image Supplied

Here’s how AI, metaverse will help solve rental disputes in Dubai

Dubai Land Department’s RDC unveiled Metaverse Litigation a virtual platform for real estate litigation sessions and the new Judicial Probe service, which uses AI

blockchain

Cover story: Pioneering proptech: Transforming real estate through blockchain

Robin Ubaghs, co-founder of Propchain and the Welfare Group shares how his ventures are using blockchain technology to transform the real estate industry

How LCRE is leveraging Dubai’s property boom

Cover: LCRE’s Shitij Kapoor shines the spotlight on the company’s strong foundation

The CEO and founder shares how his company’s success is built on strong developer partnerships, core values and a thriving relationship with investors

MUNJZ SME facilities management

Munjz: Embracing digital transformation of facilities management in Saudi Arabia

Saudi startup Munjz takes on the mantle of digitalising the facilities management industry in the kingdom as it races to compete in the built industry on a global scale

PIF launches Al Balad Development Company to develop Jeddha Historic District Image courtesy PIF X

Saudi’s PIF sets up Al Balad Development Company to transform Jeddah’s historic district

The company will follow leading urban planning and environmental sustainability standards to preserve the area’s unique heritage

mered

Interview: MERED’s Ramil Guliev on trends driving Dubai’s ultra-luxe property market

Beyond financials, there’s an emphasis on health and wellness, private spaces and smart homes with in-home automation, says the international developer’s CEO

Amer Kharbush shines the spotlight on ROSHN’s design philosophy

Exclusive: Amer Kharbush shines the spotlight on ROSHN’s design philosophy

The group’s head of programme and project management tells Gulf Business that MARAFY is an example of the company’s approach to integrated community development

DIFC to introduce new residential offering Image DIFC

Sales for DIFC’s first premium residential offering to open on Sept 20

Global property consultancy firm Knight Frank has been appointed as the exclusive sales and marketing partner and will be responsible for the sale of the residences

Expo City Dubai Villas second phase launched

Expo City Dubai launches phase 2 of Shamsa properties; phase 1 sells out

Shamsa’s second phase features three- and four-bed townhouses priced from Dhs3.6m

central park

Central Park Towers, DIFC unveils enhanced amenities for tenants

It is home to iconic business brands, and is a landmark destination for events and entertainment

DAMAC introduces ‘VOLTA’, a new ‘fitness-inspired’ luxury residential development

DAMAC unveils ‘VOLTA’, a fitness-inspired luxury residential development

The property’s design and architecture incorporate elements that promote overall well-being, and health-focused amenities

Aldar Estates acquires FAB Properties Image Aldar

Abu Dhabi: Aldar Estates expands portfolio, acquires FAB Properties

The move will see Aldar Estates integrate a property management portfolio of 22,000 residential units across 600 properties within its platform

Abu Dhabi’s ICON unveils new brand identity

ICON set to launch new brand identity, opens office in Saudi Arabia

The new brand identity is designed to reflect the innovative company’s global vision

Cityscape Global Saudi to debut in September

Cityscape Global 2023: Riyadh hosts world’s largest real estate event

The global event is expected to attract over 180,000 global stakeholders from across the entire real estate ecosystem

ROSHN joins UN Global Compact Image ROSHN

This is the first Saudi giga project to join UN Global Compact

Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world

UAE: Emirate issues new laws to regulate real estate sector

UAE: Emirate issues new laws to regulate real estate sector

The laws aim to help in the development and implementation of plans to drive growth across Umm Al Quwain’s real estate sector

Saudi real estate - EJAR

Saudi Arabia’s real estate, infrastructure projects hit $1.25tn

NEOM, the $500bn megacity, is progressing rapidly, with $70bn of projects now awarded, 45 per cent of which has been completed

Dubai property transactions value grew 43% YoY in August

Dubai property transactions value grew 43% YoY in August

The city recorded 11,818 real estate transactions last month, a 25 per cent increase in volume compared to 9,450 transactions in August 2022.

How AIX is unlocking Dubai’s investment potential

AIX Investment Group is showcasing Dubai’s potential for real estate investor

From premium residences to ultra modern commercial spaces, the city’s real estate market offers diverse and lucrative opportunities for investors

Here’s how Yardi is revolutionising UAE property market

How Yardi is revolutionising the Middle East’s property market

The growth in the Middle East’s property market is creating opportunities for proptech companies such as Yardi to provide innovative solutions that meet the needs of investors, sellers and end-users

Samana Developers

Dubai real estate: Samana Developers launches Dhs300m ‘Golf Views’ project

The project is scheduled for delivery in Q2 2026

Cityscape Global Saudi to debut in September

Cityscape Global Saudi to debut in September

The four-day programme will host master developers, exclusive showcases of giga projects, as well as B2B real estate services

Dubai business

Dubai trumps Lisbon as top destination for globetrotting executives: Report

The findings were based on research conducted by real estate broker Savills, which ranked 20 prime residential markets by their appeal to long-term remote workers