Tecom Group, the operator of business districts in Dubai, recorded a 34 per cent annual increase in its first-quarter net profit on the back of a “booming” property market in the emirate.
33.3% of Dubai tenants chose one bedroom-units as their preferred option
Approximately one third of tenants (33.3%) in Dubai were looking for one-bedroom units as their preferred option, followed by two-bedroom units at 30.4% and 29.4% for studios. As for villas and …
Aldar posts 22% YoY increase in Q1 net profit with record quarterly development sales of AED 4.5bln
Aldar Investment’s Q1 2023 revenue reached AED 1.2 billion, representing a 45% YoY growth while Q1 2023 Adj. EBITDA rose 43% YoY to AED 536 million. The standout performance was driven by higher …
Khaled bin Mohamed bin Zayed inaugurates expansion of Al Falah housing project
Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive …
MGM Resorts CEO Thinks Dubai or Abu Dhabi Might OK Gaming This Year
Jumeirah Beach MGM Resort in Dubai is being developed by MGM Hospitality and Wasl Asset Management Group near Burj Al Arab Source: MGM Resorts.
Inside I’m A Celebrity star Amir Khan’s impressive property portfolio including Dubai holiday home and modest bungalow
I’M A Celebrity South Africa star Amir Khan has splashed the cash on homes in Dubai and the UK for him and his family. The Bolton boxer – who famously dropped £1million on his wedding …
Dubai villas and apartments record strong capital gains in first quarter
Villas and apartments in Dubai recorded strong annual capital gains in the first quarter of 2023 as the emirate’s property sector continues to rebound from the coronavirus pandemic. Villas, which …
Dubai Land Department simplifies unit Registration Processes by signing agreement with DAMAC Properties
DAMAC Properties becomes the first developer in Dubai to sign a new registrations process with the Dubai Land Department that simplifies the registration of all sales transactions directly. An …
Dubai registered record 11,597 real estate sales last month
Dubai real estate market saw record monthly and quarterly sales deals complete last month Dubai registered record 11,597 real estate sales last month Dubai, Dubai real estate Real Estate …
Sheikh Mansour is worth £17billion, the Man City owner boasts a mega yacht worth £400m, and is pals with Leo DiCaprio
SHEIKH Mansour hasn’t a worry in the world… The Manchester City owner has amassed a £17 billion fortune, mainly thanks to his booming International Petroleum Investment Company.
Wynn Resorts bets big with $3.9B development in UAE
The Las Vegas company’s 1,500-unit, $3.9 billion integrated resort in the United Arab Emirates will have the only casino and a 1,000-foot tower.
UAE property: ‘Does a lease renewal have to include the rent increase?’
Question: My rental contract will expire in six days. Even though my landlord sent a rent increase notice via email on January 9, which was 90 days before the expiry of the tenancy contract in …
Mubadala seeks infrastructure and property deals in global push
Mubadala Investment Company’s Real Estate and Infrastructure Investments platform has a strong deal pipeline and is considering investment opportunities in renewable energy, gas infrastructure and …
UAE commercial property sector remains among strongest globally with investor sentiment highest since 2014
This landmark result, which is an aggregate of occupier and investor sentiment, is driven by an acceleration in investment demand growth (in net balance terms) across all sectors covered in the survey …
Danube Properties Unveils Dubai’s First Fashiontv-Branded Residential Tower
Danube Properties unveils Dubai’s First FashionTV-branded Residential Tower . Located in the heart of Dubai, Fashionz by Danube and Fash …
Abu Dhabi Airports Free Zone sees jump in leased-out properties
Abu Dhabi Airports Free Zone (ADAFZ), a subsidiary of Abu Dhabi Airports, has recorded a two-fold increase in leased-out spaces and properties in 2022. The achievements reaffirm the Free Zone status …
Why now is the ideal time to invest in Dubai real estate: experts
Dubai’s robust real estate market is primed for further investment according to property experts in the city Why now is the ideal time to invest in Dubai real estate: experts Dubai, Dubai real estate …