#Real Estate

How Dubai's AIX Investment Group is forging sports partnerships to propel growth

Cover story: How Dubai’s AIX Investment Group is forging sports partnerships to propel growth

Establishing alliances beyond the traditional realm of finance are expected to yield promising returns for the advisory firm. And the returns may not be only monetary in nature

Arada raises$50m from second tap of existing $450m sukuk

Sharjah’s Arada raises $50m from second tap of existing $450m sukuk

The second tap was executed based on investor feedback and inquiries, following extensive roadshows across the UK and GCC

TECOM Group - Dubai Internet City

Tecom Group records 28% rise in net profit to Dhs725.6m in 2022

The revenue for 2022 rose by 12 per cent YoY to Dhs1.97bn due to a significant increase in new customers and the delivery of new built-to-suit projects

Aldar HQ _ the company recorded 3.1bn in net profit for 2022

Abu Dhabi-based Aldar records net profit of Dhs3.1bn in 2022

Aldar’s group revenue in 2022 rose to Dhs11.2 billion, up 31 per cent year on year

National Housing Company CEO

Saudi Arabia’s National Housing Company announces Al-Fursan Suburb project

The project will include more than 50,000 residential units for more than 250,000 people

Aldar Manarat Living

Aldar unveils Manarat Living on Saadiyat Island in Abu Dhabi

Apartments are available for purchase from February 9

Property Finder data on Dubai-real-estate-courtesy-Dubai-Media-Office

Dubai real estate: Sales transactions record over 128.5% YoY rise in Jan, reveals Property Finder

Off-plan transactions witnessed a remarkable performance, with a 90 per cent YoY increase recording over 5,000 transactions

Aldar-announces-JV with Dubai Holding

Aldar signs strategic JV with Dubai Holding, enters Dubai real estate market

The communities will feature over 9,000 residential units, with launches planned for this year

Global Partners Property Fund I (CEIC),  a qualified investor fund based in the DIFC, raises $212m

DIFC-based build-to-rent property fund raises $212m from US, European and Dubai investors

Global Partners Property Fund I focuses on the Dubai build-to-rent housing market with two projects on the Dubai Water Canal

Sharjah’s real estate transactions topped $6.5bn in 2022

Sharjah’s real estate transactions top $6.5bn in 2022

The total number of real estate transactions in 2022 reached 91,507, compared to 84,238 recorded during the previous year

Dubai records completion of 55 real estate projects worth $3.24bn in 2022

Dubai records completion of 55 real estate projects worth $3.24bn in 2022

A total of 350 real estate projects are currently being developed in the emirate

DMCC and Ellington Properties launch 'Upper House' in JLT

Dubai’s DMCC, Ellington Properties launch Dhs1.2bn residential development at JLT

The project is due for completion by the beginning of 2026

Dubai real estate transactions cross Dhs500bn photo courtesy Dubai Media Office

Dubai’s real estate sector marks major milestone, value of transactions crosses Dhs500bn in 2022

A total of 122,658 real estate transactions were registered in Dubai in 2022, an increase of 44.7 per cent from 2021

Arada awards Dhs475m contract to build Vida Aljada hotel complex in Sharjah

Sharjah’s Arada awards Dhs475m contract to build Vida Aljada hotel complex

The contract to build the four-building complex was awarded to a Dubai-based company with civil and industrial construction experience

Dubai real estate prices update for week ending Jan13 courtesy Dubai Media Office/ twitter

Dubai records real estate transactions worth over Dhs8.1bn for the week

DLD data showed that 221 plots were sold for Dhs1.18bn, while 1,889 apartment and villa purchases worth Dhs4.93bn were made

Avalon Properties CEO Ahmad Ibrahim

Dubai’s real estate sector had a remarkable year in 2022, says Avalon Properties’ CEO

Avalon Properties also experienced robust growth during this period, growing its operations across the UAE, covering Abu Dhabi, Dubai, and Sharjah

Investcorp

Bahrain’s Investcorp set to invest $1bn in GCC real estate over five years

Investments worth $100m are under consideration in Saudi Arabia

Aldar, Diamond Developers launch sales for The Sustainable City – Yas Island project

Construction of the project will commence in Q2 2023, with first handovers expected in Q4 2025

ASAS Real estate project in Khorfakkan photo courtesy WAM

Sharjah’s ASAS Real Estate launches sales of Khorfakkan Resort project

Construction work on the project has commenced and is due for completion by the end of 2025

Ben Crompton is the managing partner of Crompton Partners

The outlook for Abu Dhabi’s real estate sector in 2023

Abu Dhabi can expect to see modest single-digit growth in property valuations and rents across most sectors

Al Habtoor Group

Al Habtoor Group unveils new mega residential projects valued at Dhs9.5bn

According to the company, the new projects include residential towers, and one of them will be the largest in the world in terms of size and number of apartments

driven properties

Dubai real estate: A positive outlook for 2023

We believe that the Dubai property market will continue to see exceptional demand in the new year, and that 2023 will be another record year for the market

Property finder report Dubai property market Getty Images-1417041621

Dubai’s real estate market surpasses Dhs240bn in 2022: Property Finder

This growth has been fuelled by the robust success of off-plan deals, which climbed by 86 per cent compared to 2021

Dubai Land Department courtesy Dubai Media Office

Dubai Land Department launches strategic plan for 2026

Tthe focus is on shifting to an employee-first culture, refreshing DLD’s identity and enhancing its position, and adopting a proactive and human-focused approach

Dubai Investments breaks ground on Danah bay

Dubai Investments breaks ground on Dhs1bn Danah Bay project on Al Marjan Island

Danah Bay will be a premium beach community with a resort-style retreat in Ras Al Khaimah

Modon Properties launches two waterfront destinations in Al Dhafra

Modon Properties unveils two integrated waterfront destinations in Al Dhafra

The two integrated waterfront destinations are adjacent to Modon’s eco-tourism campsite project, Bab Al Nojoum – Al Mugheirah Resort

tech

Can Dubai’s growing tech affinity propel its real estate sector?

Dubai’s real estate sector has taken massive strides in terms of sales and investment

Dubai

Dubai’s GDP grows 4.6% during first nine months of 2022

The emirate hosted 10.12 million international visitors from January through September 2022, compared to 3.85 million welcomed during the same period last year

Stella Stays

Proptech Stella Stays expands footprint, opens second residence tower in Riyadh

The Olaya Tower 2 offers furnished apartments, a co-working space and other recreational and commercial services

Property Finder Awards 2022: Honouring excellence, rewarding quality

The awards recognised and celebrated top performers from UAE’s leading brokerage agencies and real estate developers