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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

Dubai luxury properties

Dubai: Meeting the demand for luxury real estate

The city remains a lucrative luxury property market, where proactive government policy are fuelling demand from buyers and investors alike

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

Emirates REIT dubai-silicon-oasis

Emirates REIT records 30% rise in net profit in 2022

Occupancy across the REIT’s portfolio increased to 85 per cent, reflecting a 13 percentage point increase year-on-year

DMCC JLT photo Dubai Media Office

Dubai’s DMCC reports record Q1 2023 results, sees best first quarter since launch

The rise represents an 8.4 per cent year-on-year increase, and an average annual increase of 13.7 per cent over the last five years

Aldar and Mubadala to work on developing Al Maryah Island Photo

Aldar Properties, Mubadala to jointly develop commercial tower on Al Maryah Island

Upon completion of the initial office tower’s construction, which is expected by the end of 2026, the property will be managed by Aldar Investment

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

Expo City Dubai Duet Villas Valley View

Sales for two Expo City Dubai residential communities now open

The Devmark Group is the exclusive sales and marketing partner for Expo City Dubai’s residential offerings

How hospitality is reshaping Dubai's real estate landscape

How hospitality is reshaping Dubai’s real estate landscape

The growing stature of Dubai as a tourist destination is redefining developers’ strategies

St. Regis Residences

Over Dhs1bn in sales achieved at launch of St. Regis Residences, reveals Driven Properties

Located in Downtown, the project is set for completion in 2025

Cover story: How Magnom Properties is keen to invest in the future

The real estate arm of Saudi conglomerate, Rawabi Holding, is looking to be part of the solution on climate change

DHAM - Ahmed Al Suwaidi, Managing Director – Residential Communities, Dubai Holding Asset Management

Dubai Holding Asset Management’s Ahmed Al Suwaidi showcases the company’s tenant-centric focus

The managing director – Residential Communities shares how DHAM offers a broad spectrum of communities that cater to the needs of Dubai’s residential leasing landscape

Majid Al Futtaim FY 2022 performance Photo courtesy Mall of the Emirates

Majid Al Futtaim reports 12% rise in revenue in 2022, visitors to malls rise by 16%

Majid Al Futtaim – Retail’s online sales continued their growth trajectory reporting revenue increase from digital sales by 51 per cent year-over-year

Abu Dhabi records Dhs77.6bn in real estate transactions in 2022

Abu Dhabi records Dhs77.6bn in real estate transactions in 2022

The emirate’s real estate sector recorded 9,010 sales transactions valued at Dhs23.5bn

Saudi Real Estate Refinance Company reduces LTFR on mortgages

Saudi Real Estate Refinance Company lowers long-term finance rate on mortgages

The rates for mortgages shorter than 20 years remain the same

The role of research and advisory in real estate

The involvement of research and advisory in real estate begins ideally at the concept and feasibility study stage of the project

Dubai's Emaar announces net profit rise of 80% to Dhs6.8bn, riding on record property sales

Dubai’s Emaar sees 80% net profit rise to Dhs6.8bn, supported by record property sales

Emaar’s group property sales in 2022 reached $9.5bn, primarily driven by new project launches

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

KPMG launces CoE for metaverse at LEAP 2023

KPMG launches Centre of Excellence for metaverse and digital twins at LEAP23

KPMG has allocated a dedicated co-investment fund for metaverse use-cases in Saudi Arabia to work together with public and private partners on expediting the technology for practical use