Sector News

Abu Dhabi – Mubasher: Aldar Properties has announced selling the most expensive apartment in Abu Dhabi for AED 137 million, or AED 96,000 per square meter. The sold unit is a three-bed penthouse at Nobu Residences on Saadiyat Island, according to …

Abu Dhabi – Mubasher: Manazel suffered net losses amounting to AED 222.34 million in 2023, an annual surge from AED 152.83 million. The company generated revenues valued at AED 347.96 million last year, higher than AED 146.30 million in 2022, …

Abu Dhabi – Mubasher: Eshraq Investments shifted to net losses amounting to AED 394.49 million in 2023, versus net profits valued at AED 589.79 million in 2022. Loss per share reached AED 0.14 in 2023, compared to earnings per share (EPS) of AED …

Abu Dhabi – Mubasher: Rak Properties generated AED 201.81 million in net profit during 2023, compared to AED 30.78 million in 2022, according to the consolidated financial results. Revenues hiked to AED 1 billion last year from AED 408.21 million …

Abu Dhabi – Mubasher: The net profits attributable to the owners of Aldar Properties hiked to AED 3.92 billion in 2023 from AED 2.94 billion in 2022. Revenue and rental income amounted to AED 14.16 billion last year, higher than AED 11.20 billion, …

Abu Dhabi – Mubasher: Aldar Properties teamed up with global investment firm Carlyle to invest  AED 407 million ($111 million) in logistics and storage assets across Europe, according to a press release. Under the partnership, Aldar will have a …

Abu Dhabi – Mubasher: Aldar Properties plans to invest further AED 5 billion to develop a range of income-generating assets within key destinations in Abu Dhabi. The ADX-listed firm noted that the assets will be delivered in a phased manner …

Abu Dhabi – Mubasher: Aldar Properties pumped investments valued at AED 1 billion to expand its logistics real estate business in Dubai and Abu Dhabi, according to a press release. The ADX-listed company first entered the logistics sector with …

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has arranged AED 1 billion sustainable bilateral facility for Aldar Properties, according to a press release. The financing takes Aldar’s total environmental, social, and corporate governance …

Abu Dhabi – Mubasher: Aldar Properties, Mubadala Investment Company, and Ares Management plan to jointly invest $1 billion in private real estate credit opportunities in the UK and Europe over the next three to five years. Under the joint …

Abu Dhabi – Mubasher: Eshraq Investments turned to net losses standing at AED 81.44 million in the first nine months (9M) of 2023, compared to net profits worth AED 481.47 million in 9M-22. Revenues from commercial operations dropped year-on-year …

Abu Dhabi – Mubasher: The net profits of Rak Properties reached AED 105.16 million in the first nine months (9M) of 2023, marking a 282% hike from AED 27.54 million in 9M-22. Revenues stood at AED 685.56 million during January-September 2023, an …

Abu Dhabi – Mubasher: Aldar Properties achieved net profits valued at AED 3 billion in the first nine months (9M) of 2023, higher by 41% than AED 2.13 billion in the year-ago period. Revenue and rental income stood at AED 9.76 billion in 9M-23, an …

Abu Dhabi – Mubasher: Rak Properties has launched Cape Hayat, a 668 residential development project on Hayat Island in Mina Al Arab, according to a press release. The new scheme will be built in accordance with the Barjeel Green Initiatives to …

Abu Dhabi – Mubasher: Aldar Estates, part of Aldar Properties, has acquired FAB Properties in line with its plans to expand its portfolio, according to a press release. Following the transaction, Aldar Estates will hold a property management …

Abu Dhabi – Mubasher: Eshraq Investments has successfully completed the sale of Nuran Marina Hotel at a value of AED 133 million, marking a 45% increase over book value. The sale transaction aligns with the company's investment vision to enhance …

Cairo – Mubasher: Aldar Properties-backed Six of October Development and Investment (SODIC) plans to expand the Nobu brand in Egypt, according to a press release. SODIC will establish two hotels, branded residences, and a restaurant across two of …

Abu Dhabi – Mubasher: The net losses attributable to the shareholders of Manazel reached AED 60.08 million in the first half (H1) of 2023, higher than the AED 42.68 million reported in H1-22. Revenues hit AED 49.32 million in H1-23, up …

Abu Dhabi – Mubasher: Eshraq Investments shifted to net profits amounting to AED 1.90 million in the first half (H1) of 2023, against net losses worth AED 7.28 million in H1-22. The UAE-based company posted an annual decline in revenue from …

Abu Dhabi – Mubasher: The net profits of Rak Properties reached AED 88.18 million during the first half (H1) of 2023, an annual increase from AED 25.55 million. The revenues enlarged to AED 511.63 million in H1-23 from AED 193.99 million in H1-22, …

Abu Dhabi – Mubasher: Aldar Properties unveiled its plan to invest AED 500 million in renovating Al Jimi Mall in Al Ain and Al Hamra Mall in Ras Al Khaimah, increasing the company’s commitment to AED 1 billion for the redevelopment of its …

Abu Dhabi – Mubasher: Aldar Properties generated AED 1.92 billion in net profit attributable to the shareholders during the first half (H1) of 2023, versus AED 1.47 billion in H1-22. Revenue and rental income reached AED 6.30 billion as of 30 June …

Abu Dhabi – Mubasher: Aldar Properties teamed up with the Abu Dhabi Housing Authority (ADHA) to develop a project valued at AED 8 billion, according to a press release. The development project aligns with Abu Dhabi’s efforts to create integrated …