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Investcorp

Bahrain’s Investcorp set to invest $1bn in GCC real estate over five years

Investments worth $100m are under consideration in Saudi Arabia

Dubai real estate courtesy Dubai Media Office

Dubai records real estate transactions valued at Dhs10bn during the week

Al Hebiah Fifth recorded the most transactions for this week with 133 sales transactions worth Dhs386.38m

Aldar, Diamond Developers launch sales for The Sustainable City – Yas Island project

Construction of the project will commence in Q2 2023, with first handovers expected in Q4 2025

ASAS Real estate project in Khorfakkan photo courtesy WAM

Sharjah’s ASAS Real Estate launches sales of Khorfakkan Resort project

Construction work on the project has commenced and is due for completion by the end of 2025

Ben Crompton is the managing partner of Crompton Partners

The outlook for Abu Dhabi’s real estate sector in 2023

Abu Dhabi can expect to see modest single-digit growth in property valuations and rents across most sectors

Al Habtoor Group

Al Habtoor Group unveils new mega residential projects valued at Dhs9.5bn

According to the company, the new projects include residential towers, and one of them will be the largest in the world in terms of size and number of apartments

driven properties

Dubai real estate: A positive outlook for 2023

We believe that the Dubai property market will continue to see exceptional demand in the new year, and that 2023 will be another record year for the market

omniyat launces Orla

OMNIYAT redefines luxury with ORLA, Dorchester Collection

Designed by Foster+Partners and managed by hospitality brand Dorchester Collection, Orla offers a bespoke lifestyle steeped in sumptuous style

Property finder report Dubai property market Getty Images-1417041621

Dubai’s real estate market surpasses Dhs240bn in 2022: Property Finder

This growth has been fuelled by the robust success of off-plan deals, which climbed by 86 per cent compared to 2021

Dubai Land Department courtesy Dubai Media Office

Dubai Land Department launches strategic plan for 2026

Tthe focus is on shifting to an employee-first culture, refreshing DLD’s identity and enhancing its position, and adopting a proactive and human-focused approach

Dubai Investments breaks ground on Danah bay

Dubai Investments breaks ground on Dhs1bn Danah Bay project on Al Marjan Island

Danah Bay will be a premium beach community with a resort-style retreat in Ras Al Khaimah

Modon Properties launches two waterfront destinations in Al Dhafra

Modon Properties unveils two integrated waterfront destinations in Al Dhafra

The two integrated waterfront destinations are adjacent to Modon’s eco-tourism campsite project, Bab Al Nojoum – Al Mugheirah Resort

Arada awards contracts worth $256m to build 986 homes at Sharjah’s Masaar

Arada awards contracts worth $256m to build 986 homes at Sharjah’s Masaar

A total of 1,416 homes are now under construction at Masaar

Explainer: Is proptech the future of real estate?

Jad Antoun, CEO and co-founder of Huspy tells Gulf Business about the key proptech trends and how his company plans to change home-buying experience for customers

Property Finder Awards 2022: Honouring excellence, rewarding quality

The awards recognised and celebrated top performers from UAE’s leading brokerage agencies and real estate developers

Aldar and Nobu partner

Aldar, Nobu Hospitality to bring region’s first Nobu branded residences, hotel to Saadiyat Island

The agreement will see Aldar develop a five-star hotel, featuring 165 luxurious guest rooms and suites, including the rooftop Nobu Villa

Revealed: Winners of the Gulf Business Awards 2022

The awards celebrated stalwarts and companies from across the region’s business landscape

Dubai South

UAE’s Azizi signs deal to purchase Dubai South plot

The newly acquired land is part of Dubai South’s Golf District

EMAAR announces Jan-Sep 2022-results

Emaar reports net profit of Dhs5.8bn for first nine months of 2022

Emaar recorded the highest-ever group property sales of Dhs26.9bn ($7.3bn) during the nine-month period

Abu Dhabi real estate_GettyImages-1316754718

Abu Dhabi real estate transactions cross Dhs21.04bn in Q3 2022

Yas Island topped the list logging transactions worth Dhs1bn, while Al Saadiyat Island came in second with transactions worth Dhs929m

Aldar Properties joins CEBC

Aldar Properties joins Clean Energy Business Council as partner member

Aldar will collaborate with CEBC in its ‘Energy Efficiency’ working group to achieve goals that will promote a sustainable future and support the UAE Net Zero by 2050 Strategic Initiative

oro24 ATIF Rehman

Cover story: ORO24 Developments’ Atif Rahman talks about building on big dreams

The founder and chairman of the UAE-based real estate firm tells Gulf Business why curating a people-centric business is key to success and why he is passionate about developing communities

Nakheel

Dubai’s Nakheel secures financing worth $4.6bn to drive growth

The funding will be deployed to develop Dubai Islands and other waterfront projects

Aldar announces record sales for period ending Sept 30, 2022

Aldar’s development sales reach Dhs9.3bn in first nine months of 2022

The group announced a net profit of Dhs2.13bn for the nine-month period, ending September 30, registering a 38 per cent year-on-year growth

TECOM Group Dubai-Internet-City-7

Tecom group’s net profit for first nine months rises by 51% to Dhs639m

Occupancy levels for its commercial and industrial assets were 83.5 per cent, registering the third sequential growth and a significant increase from the previous year

Saudi's PIF to establish 5 companies to pursue investments

Saudi’s PIF to establish five companies to pursue investments in Bahrain, Oman, other countries

The announcement follows the launch of the Saudi Egyptian Investment Company in August

Emaar Properties

Emaar Properties to allow 100% foreign ownership from October 25

From next Tuesday, there will be no shareholding limit for non-UAE nationals

Bayfront Project Al-Khobar Saudi Arabia

Saudi’s Ajdan Real Estate Development Company to develop SAR250m Bayfront project in Al-Khobar

Bayfront will be located on the northern part of Al-Khobar’s beach, spanning over 100,000 square metres from the shore with a 1,600-square-metre island

Saudi Crown Prince launches new company to develop downtown areas in 12 cities

Saudi Crown Prince launches company to develop downtown areas in 12 cities

Projects will be developed in the cities of Al-Madinah, Al-Khobar, Al-Ahsa, Buraidah, Najran, Jizan, Hail, Al-Baha, Arar, Taif, Dumat Al-Jandal, and Tabuk

Dubai sets new record with Palm Jumeirah mansion sale for $82m

Casa Del Sole, still partially under construction, will be completed in early 2023 and is set to have eight bedrooms