#Real Estate

Roya enters Dubai luxury property market

Roya Lifestyle Developments forays into Dubai’s property market

The property developer aims to redefine contemporary living by offering unparalleled luxury in the heart of the city

Emaar Properties posts Dhs4.9bn in H1 profit, up 15%

Emaar Properties posts Dhs4.9bn in H1 2023 profit

The developer’s group property sales, rose by 14 per cent to Dhs20.2bn

ADIB finances UK real estate assets worth $128m in H1 2023

ADIB finances UK real estate assets worth $128m in H1 2023

The banking group has closed senior financing transactions worth more than GBP650m over the past five years

Dubai real estate rent

Dubai office market defies global slump with influx of tenants

Average rents for prime commercial real estate in Dubai have risen as much as 17 per cent

Abu Dhabi DMT announces H1 real estate transactions Image Abu Dhabi DMT

Abu Dhabi real estate sector records over Dhs46.33bn in deals in H1 2023

Al Saadiyat Island topped the list with transactions worth Dhs3bn, with Yas Island coming in at second place with transactions worth Dhs2.6bn

Dubai properties DLD registers transactions worth $77bn in H1 2023 Image Dubai Media Office

Dubai properties: Transactions hit Dhs283bn in H1 2023; DLD reveals top 10 areas

Nine real estate projects worth Dhs4.06bn were completed in H1 2023, according to the Dubai Land Department

Rixos Dubai Islands Hotel & Residences Image Nakheel Rixos

Nakheel launches Rixos Hotel & Residences on Dubai Islands

Along with the Rixos property, Dubai Islands will be home to more than 80 resorts and hotels

Abu Dhabi Real estate FDI see 363 per cent rise in H1 2023 Saadiyat Island_Image courtesy WAM

Abu Dhabi real estate sector attracts Dhs834m in FDI in H1 2023

This represents a robust rise of 363 per cent compared to the same period in 2022

National Housing Company Launches Sadayem Suburb Image credit NHC

Saudi’s NHC launches integrated living project ‘Sadayem’ in Jeddah

The sale of properties in Sadayem will begin on Monday, July 24, with the first phase including villas with a starting price of SAR800,000

ADIB introduces Istikrar Image credit ADIB

ADIB launches Istikrar, UAE’s ‘first’ long-term, fixed-rate home finance product

According to the bank, the product’s fixed-rate tenor offers home buyers a worry-free experience, free from any large final payment or unexpected changes in installments

Expo City Dubai reveals key achievements Image WAM_Expo City Dubai.

Expo City Dubai: A look at its key milestones since launch

As it continues to grow, Expo City Dubai will welcome more businesses, SMEs, entrepreneurs, organisations, academic and research institutions in addition to residents who live in its communities

Sharjah’s Arada posts 186% jump in H1 2023 sales

Sharjah’s Arada posts 186% jump in H1 2023 sales

The developer sold 1,616 homes at its communities during the first half of the year

central bank outlines measures to alleviate burden of residential property loans for UAE nationals Image courtesy CBUAE

UAE issues measures to address impact of rising interest rates on property loans for citizens

The notice was issued following approval from the Central Bank of UAE’s board of directors, with the measures coming into effect from July 1

Aldar, IHC, ADNEC merge property, facilities management

Aldar, IHC, ADNEC merge property, facilities mgmt assets

The merger adds considerable weight to Aldar Estates, taking its portfolio of residential units under management to approximately 135,000

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