Business Real Estate UAE

Property sales net Emaar Development AED37 billion in 2023

News Desk 1 12/02/2024 0

Developer unveils 27 new projects in the UAE Emaar Development, a prominent UAE-based property development company, achieved a 22% surge in property sales in 2023, reaching AED37.4 billion ($10.2 billion) compared to AED30.7 billion (US$8.4 billion) in 2022. The property sales performance is

GCC Real Estate UAE

Emaar Properties completes design stage of ‘Dubai Square’

Arnold Pinto 11/02/2024 0

Mega project is located in Dubai Creek Harbour district Emaar Properties, the Dubai-headquartered mega real estate development company, has finalised the detailed design of ‘Dubai Square,’ a residential, hospitality, and retail city in the Dubai Creek Harbour district. Scheduled to be completed by 2027, the mega project will comprise 10,000+ residential units, 1,400+ hotel

UAE GCC Real Estate

Dubai Harbour district to get a 2-lane traffic bridge

Arnold Pinto 06/02/2024 0

Dubai’s RTA and Shamal Holding sign bridge JV Dubai’s Roads and Transport Authority has partnered with Shamal Holding, a Dubai-based diversified investment firm, to enhance vehicular connectivity to the Dubai Harbour district located between Bluewaters Island and Palm Jumeirah. Under the newly signed agreement, Dubai’s RTA will construct a 1.5 km-long bi-directional

Lifestyle Real Estate Travel

Park Hyatt Marrakech invites travel connoisseurs to experience authentic Moroccan hospitality

News Desk 1 06/01/2024 0

Hotel showcases rich traditions of Arab-Berber artisanry The Park Hyatt hospitality brand has entered the vibrant mosaic of Morocco with the grand opening of Park Hyatt Marrakech. Nestled approximately 15km from the bustling Medina district, the 19-acre haven, cocooned at the base of the Atlas Mountains, is a testament to modern luxury harmoniously interwoven with […]

Real Estate Sustainability

COP28: UNEP and 27 nations launch global Buildings Breakthrough initiative

Arnold Pinto 10/12/2023 0

Global effort targets near-zero emissions and resilient buildings by 2030 The United Nations Environment Programme (UNEP), together with France and Morocco, has launched the Buildings Breakthrough at COP28 to accelerate the transformation of the building sector – which accounts for 21% of global greenhouse gas emissions – to make near-zero emissions and climate-resilient

Real Estate Business GCC UAE

Dubai’s RTA approves 10 projects in partnership with private sector

Arnold Pinto 07/12/2023 0

AED2.5 billion projects aim to boost Dubai’s economic growth Dubai’s Roads and Transport Authority (RTA) has approved 10 projects in Dubai emirate with an estimated value of AED2.5 billion placed under the emirate’s 2024-2026 Dubai Portfolio for Public-Private Partnership (PPP) programme. The programme conforms to the Dubai government’s strategy to boost

Real Estate

UK is increasingly losing favour with HNWIs

Arnold Pinto 26/11/2023 0

London’s status as a global financial hub is on the decline The allure of the United Kingdom, particularly London, as a haven for migrating millionaires is waning, marking a stark departure from its historical status. Over the past decade, a reversal in this trend has seen the UK losing more high-net-worth individuals (HNWIs) than it […]

Real Estate Business

DIFC’s first residential offering fully sold out at record pace

News Desk 1 25/09/2023 0

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has announced that its first residential offering ‘DIFC Living’ has entirely sold out at record pace, reaffirming the strong demand for residential property at the heart of DIFC, further elevating the destination’s lifestyle offering.

Real Estate Business

Kaizen AI decides GCC real estate market needs its services

News Desk 1 22/09/2023

Kaizen AI, a pioneering technology company transforming large-scale building projects with AI, has entered the GCC real estate market where planned and under-construction project value stands at an estimated $1.36 trillion. Of the $1.36 trillion, Saudi Arabia accounts for 64.5 per cent of the total real estate project value or $877 billion, while the UAE […]

Real Estate Events

Innovest launches Jadan Al Fursan project at Cityscape Global

News Desk 1 21/09/2023

Innovest, a premier investment and development company, has announced the completion of the entire booking process for its Jadan Al Fursan Communities project, located in the Al Fursan neighbourhood in Riyadh City. This achievement comes after the company launched the project while participating in Cityscape Global 2023 in Riyadh, Saudi Arabia. Company officials are seen

Real Estate

Pakistan’s $40-billion housing investment highlighted at Cityscape Global

News Desk 1 20/09/2023

With 70% of overseas Pakistanis channelling their remittances into property and contributing $12 billion annually, there’s no denying the sector’s centrality to Pakistan’s economy, Shafiq Akbar, CEO of IMARAT Group, said at the Public Private Partnership Forum at Cityscape Global in Riyadh, Saudi Arabia. After expanding into the GCC with an office in the

Real Estate GCC Tech UAE

Tripler launches its commercial operations in the UAE

News Desk 1 12/09/2023 0

Company’s AI technology empowers real estate leads’ generation Tripler, rated the world’s first revolutionary property lead conversion platform, has launched in the UAE, promising a game-changing lead generation solution for the nation’s commercial enterprises. Tripler aims to transform how businesses in the UAE, especially real estate agents and large corporations,

Real Estate Business GCC UAE

UAE-headquartered Aldar Estates acquires FAB Properties

News Desk 1 12/09/2023 0

The transaction now consolidates 600 residential properties in the UAE Aldar Estates, the Middle East region’s largest integrated property and facilities management company, has acquired FAB Properties, a UAE-based provider of property management services. The transaction sees Aldar Estates integrate a property management portfolio of 22,000 residential units across

Real Estate GCC NEWS DESK UAE

Abu Dhabi event to address sustainable housing in the Arab World

News Desk 1 11/09/2023 0

Forum to study industry trends at two-day event September 11, 2023: Amidst the ever-evolving global economic landscape and the dynamic growth of the Arab World’s population, the housing market in the Arab region has reached unprecedented levels of demand and innovation. In response to this imperative, the Arab Housing & Community Development Forum will be […]

Real Estate GCC NEWS DESK Saudi Arabia

Sherwoods International Property to exhibit at CityScape Riyadh

News Desk 1 10/09/2023 0

Real estate firm presents top-notch real estate solutions September 10, 2023: Sherwoods International Property, a distinguished name in the real estate industry, is set to make a significant presence at the CityScape exhibition in Riyadh, Saudi Arabia, scheduled from September 10-13, 2023. The event promises to be a platform where Sherwoods will showcase a comprehensive

Real Estate Business

Penthouse.ae sets AED44 million record with Palm Jumeirah unit sale

Arnold Pinto 03/09/2023 0

Russian investor buys iconic three-bedroom duplex apartment Penthouse.ae, the Dubai-based real estate agency serving Ultra High Net Worth Individuals (UHNWIs), has set a sales record for the highest price per square foot for a residential unit on the tree-shaped Palm Jumeirah island in Dubai City. A first-time Russian investor acquired the spectacular three-bedroom duplex

Real Estate

25% property sales rise boosts Emaar Development’s H1 2023 showing

Arnold Pinto 11/08/2023 0

Emaar Development has reported a 25% increase in property sales, reaching AED19 billion for the first half of 2023, compared to AED15.2 billion in the first half of 2022. The UAE-headquartered developer of residential and commercial build-to-sell (BTS) assets in the UAE attributed this performance to the launches of 16 new projects across various master […]

Real Estate GCC UAE

Dubai Real Estate Market Hits AED 2.8 Billion in Transactions on Monday

Kashif Faraz 10/08/2023

On 7th August Dubai’s real estate market clocked a landmark AED 2.8 billion in realty transactions, powered by sales of luxury apartments, villas, off-plan properties at some of the most prime locations.

Real Estate

Introducing Roya Lifestyle Developments: Dubai’s latest Luxury Real Estate Development Company

News Desk 2 09/08/2023

Dubai, UAE – August 2023 – Roya Lifestyle Developments, a luxury real estate development company, announces its launch into the Dubai real estate market with a vision to reimagine opulence. Roya will develop unique living experiences where luxury meets legacy for a refined lifestyle. Under the leadership of real estate industry professionals with over 30 […]

Real Estate Business

Treo Homes Secures Funding and Partners with Leading Property Developer to Drive Innovation in the Real Estate Sector

News Desk 2 08/08/2023

July 2023, Dubai, United Arab Emirates: Treo Homes, the multi-award-winning boutique Real Estate Agency in Dubai, secures a multi-million dollar investment by a leading property developer in the region, looking to expand their sales and marketing presence in both Dubai and globally. This pivotal moment heralds a new era of growth, worldwide expansion, and cutting-edge […]