The founder and chairman of the UAE-based real estate firm tells Gulf Business why curating a people-centric business is key to success and why he is passionate about developing communities
The group announced a net profit of Dhs2.13bn for the nine-month period, ending September 30, registering a 38 per cent year-on-year growth
The holding company’s revenues also grew significantly, standing at Dhs26.6bn, which represents a year-on-year increase of 133 per cent
Arada will use the proceeds from the tap for general corporate purposes and to support the development of its existing projects
Bayfront will be located on the northern part of Al-Khobar’s beach, spanning over 100,000 square metres from the shore with a 1,600-square-metre island
The company said it has completed almost 1,500 homes at Aljada, including all 14 apartment blocks and a garden villa community in the first residential phase of the community
The MoU signed by the entities will allow business councils and groups under Dubai Chambers to own and rent real estate and offices in the emirate
Spanning an area of approximately 90,000 square metres, the project offers a variety of freehold residential options
In this exclusive interview, Naghmeh Sheikholeslami speaks of resilience, prioritising customers and Dubai’s evolving real estate landscape
Work is underway on-site to develop the destination, with more than 2,400 staff already on site and 9.9 million manhours logged to date
Global real estate consultancy Knight Frank said it’s tracking 15 giga projects in various phases of construction around the kingdom, many of which are new stand-alone super-cities
Spark Security works with organisations operating in a wide range of sectors, including infrastructure, banking, healthcare and hospitality
The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region
Alex Galtsev, CEO and founder at Realiste explains how the technology simplifies and streamlines the user experience
The homes at Yas Park Gate are designed to achieve a two-pearl rating, as per the UAE’s Estidama sustainability rating system
According to the Sharjah Real Estate Registration Department, the number of mortgage transactions in July reached 338 in total, valued at Dhs487m
The company is looking to expand its footprint in Europe, having entered a joint venture in Denmark to build single family residential developments across Scandinavian countries
Construction contracts in the emirate rose in value by 11 per cent compared to the two previous years
According to CBRE, average rents in the 12 months to July increased by 23.7 per cent, with average apartment and villa rents increasing by 23.5 per cent and 24.8 per cent respectively
Sarah Hewerdine lists out key takeaways of the recent interest rate hike for an everyday home-buyer in the UAE
Emaar’s hospitality division saw its revenue grow by 64 per cent compared to H1 2021, reflecting the tourism sector’s robust post-pandemic recovery
The new requirements ensure the development of regulatory frameworks, leaving little or no room for manipulation or illegal practices
We look at the advantages that real estate crowdfunding offers both investors and sellers
According to Mo’asher data, Q2 2022 marked the highest quarterly volume of sales transactions for the last decade, with a total of 22,504 transactions worth Dhs59.154bn
Group sales rose to a record level of Dhs5.33bn for H1 2022, driven by strong domestic and international demand for existing inventory and launch of new properties
The Department of Municipalities and Transport recorded 7,474 property transactions in the first six months of the year
The company successfully reduced over 5,000 tons of carbon emissions and saved over 4 million kWh of energy
All major groups in the S&P 500 retreated with losses in megacaps like Tesla and Apple weighing heavily on trading
Prices for villas grew at a monthly rate of 1.7 per cent in June, down from an average of 2.3 per cent per month last year
The sales recorded at Grove District so far total up to Dhs600m