Real Estate

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …