Developer Union Properties, a well-known company in Dubai, announced a Dh18.3 million net profit for the first quarter of 2024, reinforcing its plans for Union Properties to Launch Dh5 Billion Projects Despite Dh18.3 Million Net Profit in Q1 2024. This favorable result demonstrates the success of its strong operating plans and cost-cutting initiatives, highlighting the business's triumphant comeback...

In 2023, Dubai witnessed an impressive surge in the sale of homes priced at $10 million and above, with transactions skyrocketing by over 92%, totaling 431 sales. This robust activity underscored the active participation of affluent investors in Dubai's thriving real estate market. The year saw several records shattered, and indications suggest that this trend is set to continue throughout 2024. Read...

In response to escalating demand for off-plan apartments, particularly in Dubai, Aqua Properties, a prominent UAE-based real estate company, is set to launch two groundbreaking projects totaling Dh3 billion within the next six months. Ali Tumbi, the founder of Aqua Properties, highlighted the company's innovative approach and its leading role in delivering upscale apartments and strategically positioned...

In a testament to Dubai's thriving real estate sector, Emaar Properties has reported an impressive 42% YoY growth in its nine-month net profit, reaching Dh8.2 billion. This exceptional financial performance is attributed to a convergence of factors, including a surge in tourism, robust retail sales, and escalating demand for real estate. Unlocking Growth: With revenues reaching...

A recent study reveals that strategic investments in prominent school districts in Dubai, such as Mohammad Bin Rashid City and Al Khail, can yield impressive returns of up to 43.7% over a five-year horizon. In addition to offering attractive annual rental yields of approximately 6%, residential projects situated near reputable schools boast returns on investments ranging from 22.5% to 39.6% over a...

In a recent conversation with The Peninsula, a prominent official revealed that the demand for both residential and commercial real estate in Qatar continues to surge, indicating a robust and dynamic market. Abdul Rahman Al Najjar, CEO of Kate Real Estate Group, highlighted the noteworthy demand in both residential and commercial sectors, driven by the abundance of available apartments and residential...