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 …
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. …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
