Emaar Properties PJSC (DFM: EMAAR) has released its Q1-2024 financial results, showcasing robust performance and operational efficiency across its various business segments. Financial Highlights Emaar reported revenues of AED 6.7 billion (US$ 1.8 billion) and a net profit before tax of AED 4.3 billion (US$ 1.2 billion), marking a 16% increase from the same period last year. This growth was driven by a...

Union Properties has reported impressive quarterly revenue and profit gains, highlighting significant progress in its ongoing turnaround plan. The Dubai developer also received favorable resolutions on several long-standing issues, strengthening its path to recovery. Quarterly Financial Highlights In Q1-2024, Union Properties generated Dh138.1 million in revenue from customer contracts, a...

The Luxe Developers, a leading real estate development firm based in the UAE, has introduced two ultra-luxurious residences, The Celeste and The Stellar, as part of their Oceano development on Al Marjan Island. Valued at over AED 90 million ($24.4 million) each, these properties set a new benchmark for opulence in Ras Al Khaimah's real estate market, catering to the growing influx of ultra-high-net-worth...

Union Properties, a leading developer in Dubai, is making strategic moves by selling non-core land assets, signaling a significant milestone in its turnaround strategy and garnering substantial financial support. Click Here to Read More : Binghatti’s $300 Million Sukuk Issuance Receives Strong Investor Response Having already disposed of assets worth over Dh500 million, Union Properties emphasizes...

In the initial quarter of 2024, the real estate landscape in Abu Dhabi witnessed a robust surge, with transactions totaling an impressive AED 1.9 billion. The first two weeks alone saw 348 sales and mortgages across various real estate units, underscoring the Emirate's dynamic property market. Read this also : UAE Leads Global Property Price Surge in 2023: Insights from the IMF Powered by the...

In a testament to the resilience and dynamism of Qatar's real estate market, September 2023 witnessed real estate trading volume totaling QR1,37,617,682, which translates to approximately $284 million. This significant trading activity was recorded through sale contracts filed with the Ministry of Justice's Real Estate Registration Department. Over the course of the month, an impressive 300 real estate...