Abu Dhabi – Mubasher: Aldar Properties is contributing to Abu Dhabi’s growth as a key tourism and leisure destination after reinforcing its hospitality portfolio in partnership with global luxury brands. Aldar has partnered with Hilton to operate …
UAE – Mubasher: KASCO Developments has officially launched its business in the UAE property market with an initial investment of AED 1.20 billion, according to a press release. KASCO Group has run operations in real estate since 2008 and its …
UAE – Mubasher: One Development is set to redefine the UAE’s real estate industry standards by launching its flagship AED 2 billion project in Dubai’s City of Arabia, according to a press release. The launch aligns with One Development’s …
UAE - Mubasher: SOL Properties launched a series of high-end projects with an anticipated gross development value (GDV) of AED 12 billion in the next six months, according to a press release. The development schemes are expected to anchor the UAE …
UAE – Mubasher: Dubai-based property brand Binghatti has launched the first project in Al Jaddaf, Binghatti Ghost, at a total value of AED 4 billion. This highly anticipated development marks Binghatti’s comeback due to growing demands after a …
UAE– Mubasher: MAJID Developments entered Dubai’s real estate market with the launch of Mayfair Gardens, a residential community building in the Emeriti City, according to a press release. In line with its planned pipeline of five luxury projects …
Cairo – Mubasher: IMKAN Misr has signed agreements with Forward Construction and Global Energy for Alburouj project at a combined investment value exceeding EGP 2 billion, according to a press release. With a total investment of approximately EGP …
Cairo – Mubasher: Orascom Construction posted consolidated net profits after tax valued at $70.70 million in the first half (H1) of 2024, an annual drop of 46.80% from $132.90 million. Revenues reached $1.47 billion in H1-24, down 5.50% …
UAE – Mubasher: Dubai-based Meteora Developers has acquired the DIFC-based property crowdfunding platform Maisour in a multimillion-dollar deal, according to a press release. The transaction aims to reshape the UAE's real estate investment …
Dubai – Mubasher: Emaar Properties released its financial results for the first half (H1)of 2024, reflecting total revenues valued at AED 14.40 billion ($3.90 billion), according to the income statements. The generated revenues were higher by 17% …
Dubai – Mubasher: Emaar Development registered a 56% increase in property sales to AED 29.70 billion ($8.10 billion) in the first half (H1) of 2024, compared to AED 19 billion ($5.20 billion) in H1-23. This performance was attributed to Emaar …
Abu Dhabi – Mubasher: RAK Properties logged net profits valued at AED 89.05 million in the first half (H1) of 2024, marking an annual rise from AED 88.18 million. Revenues amounted to AED 610.37 million in H1-24, higher by 19% year-on-year (YoY) …
Dubai – Mubasher: Union Properties logged net profits valued at AED 34.77 million in the first half (H1) of 2024, doubling its profits compared to AED 17.71 million in H1-23. Revenues from contracts with customers hiked year-on-year (YoY) to AED …
UAE – Mubasher: Emirates Water and Electricity Company (EWEC) has received four proposals for its Saadiyat Island reverse osmosis desalination project in Abu Dhabi. Bids were submitted by Acciona Agua, Engie, GS Inima Environmental, and a …
UAE – Mubasher: Dubai's real estate market is poised for significant growth, with over 30,000 residential units expected to be handed off in the second half (H2) of 2024, according to a report by W Capital, a leading real estate brokerage firm in …
Dubai – Mubasher: Deyaar Development logged net profits valued at AED 188.66 million in the first half (H1) of 2024, higher year-on-year (YoY) than AED 118.47 million. Revenues increased by 6% to AED 664.40 million in H1-24 from AED 628.93 million …
UAE – Mubasher: Istanbul-based RMS Capital Investment has brought together UAE’s Reportage, Turkey’s MESA Holding, and Azerbaijan’s Sabah Investment Group. Under the new structure, Reportage holds 34%, MESA 33%, and Sabah 33% of the real estate …
Abu Dhabi – Mubasher: Aldar Properties has revealed plans to develop a landmark Grade A office tower on Sheikh Zayed Road, near the Dubai International Financial Centre (DIFC). The project, featuring an 88,000 sqm net leasable area (NLA), will …
Cairo – Mubasher: JD Holding, a joint-venture (JV) between Jebal Real Estate Development and Abu Dhabi National Investment Company, has signed a strategic partnership agreement with several Emirati businessmen, in collaboration with FAB Group and …
UAE – Mubasher: Dubai developer Binghatti saw record interest for its recent $200 million sukuk tap, receiving around $2.10 billion in orders. That represented an oversubscription of approximately 420% backed by global investors, according to a …
UAE – Mubasher: Luxury developer Dar Global has entered into a partnership with the Trump Organization to build Trump Tower Dubai. The project’s location and design in a prime Dubai site will be unveiled by the end of 2024, according to a press …
Abu Dhabi – Mubasher: Aldar Properties has signed a strategic agreement with DP World to fund and develop a 1.55 million square feet (144,000 square meters) Grade A logistics park at National Industries Park (NIP) in Dubai’s Jebel Ali. This …
Abu Dhabi – Mubasher: The Emirates of Ras Al Khaimah has increased its stake in RAK Properties to reach 34.16% following the Securities and Commodities Authority’s (SCA) approval. This equity raise comes upon the March annual general meeting (AGM) …
UAE – Mubasher: Marriott International has signed an agreement with Eagle Hills to open the first Ritz-Carlton Reserve in the UAE on Ramhan Island in Abu Dhabi. Overlooking the Arabian Gulf, the new hotel is scheduled to open in 2029, according to …
UAE – Mubasher: Rove Hotels has inaugurated a new hotel in Dubai’s Jumeirah Beach Residence (JBR) under the name Rove JBR, bringing its total hospitality portfolio in Dubai to 3,600 rooms. The new boutique hotel offers travellers Rover Rooms or …