In a significant development, the Ras Al Khaimah government has elevated its ownership of RAK Properties from 5% to 34%, marking a strategic move to bolster the emirate's top real estate player. During the company’s annual general meeting on March 20, shareholders approved a substantial capital increase through the issuance of 920 million new shares, each with a nominal value...

In a landmark announcement, Sheikh Mohammed bin Rashid Al Maktoum revealed the collaboration between leading property developers Meydan and Nakheel under the umbrella of Dubai Holding, aiming to amplify Dubai's economic trajectory. This strategic move is part of a concerted effort to "consolidate and bolster Dubai's economic advancement," Sheikh Mohammed emphasized. Read More : Hudayriyat Island...

Dubai Investments, renowned for its development of logistics and industrial parks, has initiated the construction of a Dh300 million residential tower in Jumeirah Village Circle (JVC). This development coincides with the company's ongoing endeavors, including the establishment of an industrial park in Angola and a Dh1 billion resort project in Ras Al Khaimah. Read More : Casa Canal: A Luxurious Real...

Dar Global, a leading luxury international real estate developer, has unveiled its audited full-year financial results for the period ending December 31, 2023. The company reported record-breaking revenues of $360.6 million (Dh1.32 billion), accompanied by a robust gross profit margin of 41%, totaling $146.4 million (Dh537 million). Read More : UAE Real Estate Yields Expected to Remain Strong:...

Emaar Properties, renowned for its innovative architectural landmarks, has introduced two groundbreaking projects: The Heights Country Club in Dubai and Grand Club Resort adjacent to The Oasis. These ventures, totaling AED 91 billion, reflect Emaar's commitment to setting new standards in high-end living experiences while strategically expanding its portfolio to include villas and...

Emaar Properties, Dubai's largest publicly traded developer, has announced a remarkable 70% year-over-year increase in net profit for the fiscal year 2023, solidifying its position as a key player in the real estate market. Read this also : Aldar Properties Reports 40% Increase in 2023 Net Profit, Declares Dh1.3 Billion Dividends The real estate giant experienced impressive growth in 2023, with...

Abu Dhabi is currently engaged in advanced negotiations to acquire and transform the Ras El-Hekma property situated on Egypt's northern coast, reports Bloomberg. Properties for sale in Dubai : Click Here Sources familiar with the matter reveal that Talaat Moustafa Group (TMG) and select Egyptian state-run entities are poised to retain approximately 20% ownership of the...

In 2023, real estate transactions worth $326.7 million are expected to occur in the Central and Eastern Regions of Sharjah, marking a significant increase from previous years. According to the annual report from the Sharjah Real Estate Registration Department, the Central and Eastern Regions witnessed AED 1.2 billion in real estate transactions in 2023, compared to AED 1 billion in 2022. Read this also...

In a surprising move contradicting remote work expectations, Dubai is set to witness the construction of 44,000 square meters of high-quality office space in free zones during 2024, responding to the city's surging demand. Read this also : In 10 Years, Sharjah Millionaires Projected to Surge by 120%; Dubai Ranks Third in BRICS Bloc Wealth Commercial real estate company CRC's report reveals plans for...

Aqua Properties, a renowned international real estate developer based in the United Arab Emirates, has unveiled its latest venture, The Central Downtown—a sophisticated development situated in Dubai's Arjan neighborhood. Valued at AED 3 billion ($816 million), this project is set to redefine upscale living in the heart of the city. Read this also : The Future of Dubai Luxury Real Estate in 2024:...