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...

In a remarkable surge, the Abu Dhabi real estate market achieved unprecedented heights last year. With transactions totaling AED 87.1 billion (equivalent to $23.7 billion), the sector demonstrated robust growth and resilience. Let’s delve into the key highlights of this remarkable journey. Read More : Elevating Dubai’s Commercial Real Estate Landscape: Trends and Insights 1. Tremendous Growth in...

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...

The International Property Show (IPS) is set to mark its 20th edition in 2024, held at the Dubai World Trade Center on February 27 and 29 in collaboration with the Dubai Land Department (DLD). As Dubai continues to shine as a top real estate investment destination, IPS 2024 aims to provide a comprehensive view of the city's dynamic property landscape, showcasing its thriving real estate...

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...

Introduction: In a groundbreaking development, the Dubai real estate market has embarked on a new era of remarkable growth, showcasing its strongest performance in history. With a record-breaking $60 billion in property sales over the past seven months, the sector is proving its resilience and robustness. W Capital, a leading real estate firm, has highlighted these unprecedented achievements as...