Real Estate

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

Dubai – Mubasher: The net profits after tax of Deyaar Development amounted to AED 72.96 million in the first quarter (Q1) of 2024, an annual hike from AED 56.35 million. The DFM-listed company posted revenues valued at AED 327.84 million in Q1-24, …

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. The revenues stood at AED 6.70 billion ($1.80 billion) …

Abu Dhabi – Mubasher: Rak Properties posted lower net profits after tax at AED 41.45 million in the first quarter (Q1) of 2024, compared to AED 44.60 million in Q1-23. Meanwhile, the revenues increased to AED 289.81 million in Q1-24 from AED …

UAE - Mubasher: DAMAC Properties has inaugurated new offices in Beijing and Singapore. The new openings come in line with the company’s commitment to investment and expansion in the Asia–Pacific region (APAC), according to a press release. Abbas …

Abu Dhabi – Mubasher: The net profits after tax of Aldar Properties amounted to AED 1.57 billion in the first quarter (Q1) of 2024, higher by 88% than AED 835.79 million in Q1-23. Revenue and rental income amounted to AED 5.61 billion in the …

UAE – Mubasher: ARA Real Estate Development, a subsidiary of Core Holding, has revealed an AED 22 billion gated community project in Abu Dhabi. Named Arabian Hills Estate, the project is planned to be built on 244 million square feet, according to …

Dubai – Mubasher: The annual general meeting (AGM) of Emaar Properties approved a cash dividend of 50 fils per share amounting to AED 4.40 billion ($1.20 billion) for 2023. The cash dividends align with the company's profitability and commitment …

UAE – Mubasher: Arada has awarded two contracts at an aggregated value of AED 615 million to build all 565 homes in Azalea, the fourth phase of Masaar, according to a press release. Masaar is valued at AED 9.50 billion and includes 3,000 villas …

Mubasher: Bold Routes, an Egypt-based brokerage company for real estate, has launched its tenth branch in Dubai, marking its first regional office, according to a press release. Abdel Rahman Badr, CEO of Bold Routes, highlighted that the company’s …

Mubasher: Investment Corporation of Dubai (ICD) and Brookfield Corporation (Brookfield) penned a deal with Olayan Financing Company and Lunate for the sale of a 49% stake in ICD Brookfield Place (ICDBP), according to a press release. Under the …

UAE – Mubasher: Dubai South Properties has awarded an AED 1.50 billion contract to Al Kharafi Construction Company to build the third, fourth, and fifth phases of the South Bay project. The company launched the fourth phase of the project, which …

Abu Dhabi – Mubasher: Aldar Properties and Dubai South will team up to develop Grade A logistics facilities at Dubai South’s Logistics District, according to a press release. The Grade A logistics facility, spanning nearly 23,000 square metres of …

Dubai – Mubasher: Union Properties recorded robust asset sales and cash flow generation during the first quarter (Q1) of 2024, according to a press release. During the three-month period that ended on 31 March 2024, the company successfully closed …

Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has invested $450 million in the US real estate sector between the fourth quarter (Q4) of 2023 and Q1-24. In the Medical Clinics sector, GFH Partners has a portfolio of assets …