#Real Estate

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

Dubai property market Morgan Stanley

Morgan Stanley sees cash buyers and Chinese buoying Dubai property

Demand for Dubai real estate is booming after the government’s handling of the pandemic and its liberal visa policies attracted more foreign buyers

luxury real estate

Why Dubai’s luxury real estate market is a haven for investors

The luxury property market has shown no signs of slowing since it surged in 2021

Aldar unveils the Source

UAE’s Aldar Properties unveils homes dedicated to health and wellbeing

Construction of the project is set to start in the last quarter of 2023, with handovers projected for Q3 2026

Sheikh Zayed Housing Programme

Sheikh Zayed Housing Programme approves Dhs298.7m in aid

The MoEI issued the aid via 432 decisions on applications for house construction, completion, purchase, maintenance and upgrades

Design Quarter D3 EXT 01

Meraas launches Design Quarter at d3, offers hub’s first luxury residences

Construction is set to begin this year and is expected to be completed in May 2027

Anna Skigin CEO of Frank Porter, on why people prefer short-term lets over hotels

Insights: Why people are choosing short-term lets over hotels 

Short-term lets have increased by more than 100 per cent in the emirate since the Dubai government relaxed laws around private property owners letting their homes out on Airbnb

SRC Alrajhi Bank Signing ceremony

Saudi’s SRC, Alrajhi Bank sign landmark refinancing deal

The deal is the largest of its kind signed in the Saudi banking industry