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13 July 03:35 AM

Real Estate

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11 July 03:16 PM Emaar Properties achieves outstanding performance in H1-24
Dubai – Mubasher: Emaar Properties delivered resilient performance and operational efficiency across its various businesses during the first quarter (Q1) of 2024, according to a press release. Emaar Development saw a remarkable 30% growth in sales …
Companies Investments
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10 July 06:58 PM Ras Al Khaimah raises equity ownership in RAK Properties to 34%
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) …
Management Decisions
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10 July 04:56 PM Marriott International, Eagle Hills pen agreement to launch 1st Ritz-Carlton Reserve in UAE
UAE – Mubasher: Marriott International has signed an agreement with Eagle Hills 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 a …
Real estate
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9 July 03:27 PM Rove Hotels opens new boutique hotel in Dubai
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 …
Real estate
Blagoje Antić, Founder and Chairman of DHG Holding
8 July 01:45 PM Dubai real estate market records $2.1bn in 2024 sales
UAE – Mubasher: DHG Properties, a leading real estate development company operating within DHG Holding, noted that price growth in Dubai’s residential market accelerated with a notable increase from 20.30% in February 2024 to 20.70% last March. …
Macroeconomics
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7 July 04:57 PM India’s Zoya Developments to invest AED 2bn in Dubai
UAE – Mubasher: India-based Zoya Developments expanded its business into the UAE market with Investment exceeding AED 2 Billion allocated for the next three years. This landmark announcement aligns with their first project in Dubai’s Furjan area, …
Companies Investments
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4 July 04:51 PM Egypt's construction industry to expand 8% annually until 2029 – JLL
Cairo – Mubasher: Egypt's construction industry, the largest in Africa and third largest in the MENA region, is projected to grow at a compound annual growth rate (CAGR) of more than 8% until 2029, according to JLL’s construction market …
Macroeconomics
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3 July 12:58 PM Fairmont Hotels, SOL Properties partner to launch Fairmont Residences Solara Tower Dubai
UAE – Mubasher: Fairmont Hotels and Resorts has entered into a partnership with SOL Properties to launch the Fairmont Residences Solara Tower in Downtown Dubai. The project is slated for completion during the third quarter (Q3) of 2027, according …
Real estate
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2 July 05:58 PM Sobha Realty breaks ground on AED 210m mall
UAE – Mubasher: Sobha Realty, a leading global luxury real estate developer, has begun constructing a unique mall in its Sobha Hartland community in Dubai. With a cost of AED 210 million, the project is scheduled for completion in the second half …
Companies Investments
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2 July 01:39 PM Arada Developments lists $400m Sukuk on Nasdaq Dubai
UAE – Mubasher: Nasdaq Dubai has announced the listing of a $400 million Sukuk by Arada Developments, a UAE-based master developer. This is Arada's second listing on Nasdaq Dubai and the first under their new $1 billion Sukuk programme, according …
Real estate
Mahdi Amjad, Founder and Executive Chairman of OMNIYAT
27 June 10:25 AM OMNIYAT targets AED 100bn real estate portfolio
UAE– Mubasher: OMNIYAT Group unveiled plans targeting AED 100 billion total group portfolio over the next five years and committed AED 50 billion in portfolio value for new ventures across diversified real estate sectors. Founded in 2005 by …
Companies Investments
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26 June 02:45 PM W Capital eyes AED 120bn sales in summer 2024
UAE – Mubasher: W Capital, a Dubai-based real estate brokerage, expected record sales exceeding AED 120 billion during the summer of 2024 in the Dubai real estate market. The real estate sales are forecast to increase by 15-20% in the current …
Real estate
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26 June 02:29 PM QUBE Development makes debut in UAE’s real estate market
UAE – Mubasher: QUBE Development announced entering the UAE property market with ambitious plans for sustainable developments in Dubai. The company plans to introduce AED 2.60 billion worth of projects, covering 2.29 million square feet in Dubai, …
Real estate
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12 June 09:49 AM UAE Cabinet passes new housing decisions for citizens at AED 1.6bn
UAE – Mubasher: The UAE Cabinet approved 2,160 new housing decisions for citizens valued at AED 1.68 billion, according to the Emirates News Agency (WAM). These decisions aim to achieve social stability in line with the UAE's ongoing policies to …
Management Decisions
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6 June 02:50 PM Dubai Investments’ EBS secures project contracts worth AED 225m
Dubai – Mubasher: Emirates Building Systems (EBS), a wholly-owned subsidiary of Dubai Investments, has secured major contracts exceeding a value of AED 225 million, according to a press release. The new projects include Advanced Manufacturing …
Real estate
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4 June 12:07 PM Manazel eyes capital raise to boost expansion plans
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Manazel greenlighted a capital hike to AED 3.12 billion from AED 2.60 billion, according to a press release. The ADX-listed firm will issue bonus shares amounting to AED 500 million at a …
Corporate Actions
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4 June 10:20 AM Emaar expands Dubai Mall via AED 1.5bn investments
Dubai – Mubasher: Emaar Properties has unveiled AED 1.50 billion investment to expand Dubai Mall, according to a press release. Dubai Mall will include 240 new stores and food and beverage outlets, offering innovative experiences while meeting …
Real estate
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28 May 04:57 PM Dubai Industrial City boosts regional presence via AED 410m land capacity expansion
Dubai – Mubasher: Dubai Industrial City, part of Tecom Group, has officially launched 13.90 million sq.ft of additional land capacity within its ecosystem, according to a press release. The additional land capacity was acquired through a AED 410 …
Global Economy
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27 May 01:41 PM UAE-based Holo raises fund to expand in Saudi Arabia
UAE – Mubasher: Holo, a direct mortgage platform in the UAE, has completed a pre-Series A funding round with oversubscription.  The round was led by Dubai Future District Fund (DFDF), UK’s Oryx fund, and Aditum Investment Management., according to …
Real estate
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27 May 12:14 PM Plaza Premium Group announces $100m expansion plans in Middle East
Mubasher: Plaza Premium Group (PPG) has invested $100 million to expand its presence in the Middle East with a major focus on Saudi Arabia. This investment aims to anchor the group’s role as a connector between the Middle East and popular global …
Real estate
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27 May 11:58 AM UAE’s Nakheel awards construction contracts for Palm Jebel Ali mega development
UAE – Mubasher: Nakheel, the development arm of Dubai Holding, has awarded contracts for the construction of infrastructure at Palm Jebel Ali. Nakheel awarded a contract for the construction of a public access road, providing access from Sheikh …
Companies Investments
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22 May 04:46 PM Aldar, Dubai South join forces to build facility for Kuehne+Nagel
Abu Dhabi – Mubasher: Aldar Properties and Dubai South teamed up to create a facility for Kuehne+Nagel, one of the world's leading logistics providers, at EZDubai, according to a press release.  Located close to Al Maktoum International Airport, …
Real estate
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21 May 04:40 PM Orascom Construction logs $50m consolidated profits in Q1-24
Cairo – Mubasher: Orascom Construction recorded an annual leap in consolidated net profit to $49.80 million during the first quarter (Q1) of 2024, compared to $40.10 million. Revenues dropped by 4.80% year-on-year (YoY) to $766.30 million in Q1-24 …
Financial Results
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15 May 02:30 PM Emaar Development posts 50% hike in Q1-24 property sales
Dubai – Mubasher: Emaar Development achieved a 50% leap in property sales to AED 12.90 billion ($3.50 billion) in the first quarter (Q1) of 2024, versus AED 8.60 billion ($2.30 billion) in Q1-23. The real estate developer successfully launched 10 …
Real estate
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15 May 01:30 PM Union Properties logs AED 16.5m net profits in Q1-24
Dubai – Mubasher: Union Properties generated net profits after tax worth AED 16.47 million in the first quarter (Q1) of 2024, up year-on-year (YoY) from AED 12.29 million. Revenues from contracts with customers jumped to AED 138.11 million in …
Real estate