Dubai’s property market, hard hit by Covid-19 that brought construction to a standstill while sales stalled amid a global economic downturn, has begun recovering Dubai December real estate sales hit …
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UAE stimulus policies strongly support the real estate sector
The UAE’s policies in dealing with the pandemic including the allocations of $32 billion to overcome the repercussions, had a great impact on the strong growth of the real estate sector. This was …
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Salama is Takaful partner for The Gate properties project
Islamic Arab Insurance Company (Salama) has inked a deal to come on board as the exclusive insurance partner for the ‘In-Between’ project helmed by Abu Dhabi-based real estate firm, The Gate …
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Abu Dhabi’s IHC acquires majority stake in Al Qudra Holding as part of expansion push
International Holding Company has taken a controlling stake in Abu Dhabi-based investment company Al Qudra Holding, as it continues to expand its portfolio of investments across sectors. The …
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Select Group announces UAE’s first Six Senses hotel and branded residential development
The beachfront property on Palm Jumeirah, Dubai comprises 162 ultra-luxury branded residences, a 60-key Six Senses hotel and 60,000 square foot Six S …
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UAE central bank to increase oversight of banks’ real estate exposure
The regulator is introducing an “enhanced framework” that will cover all types of on-balance-sheet loans and investments, and off-balance-sheet exposures to the real estate sector, it said in a …
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Dubai real estate climbs in 2021
Dubai – Transaction volumes are expected to remain high over the first half of 2022 By Muzaffar Rizvi Published: Sun 19 Dec 2021, 2:35 PM …
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David Bonet appointed as Executive pastry chef at Emirates Palace, Abu Dhabi
He joins the Abu Dhabi property after gaining insights and inspiration from an array of markets around the world, including Asia, where he worked with Mandarin Oriental, Bangkok …
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Alpha Dhabi to invest $272m in Abu Dhabi’s Ta’ziz
Alpha Dhabi Holding, a subsidiary of Abu Dhabi’s International Holding Company, is investing Dh1 billion ($272.3 million) in Abu Dhabi Chemicals Derivatives Company, known as Ta’ziz, as part of its …
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Aldar-ADQ consortium to acquire share majority in Egypt’s SODIC
The consortium’s objective is to advance SODIC’s position as a leading national developer by scale and reputation, growing its portfolio of mixed-use residential communities in Greater Cairo, the Nort …
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Bab Al Nojoum Al Mugheirah: a first look at Abu Dhabi’s newest eco-tourism destination
Bab Al Nojoum Al Mugheirah Resort is set within 45 hectares of beautifully managed park and reserve in the breezy coastal town of Mirfa. It’s located 160 kilometres west of Abu Dhabi city, so is a …
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Why size matters as Dubai seeks to continue real estate recovery
The surge in demand is being driven by changing consumer needs when it comes to residential property purchase, said Cyril Lincoln, executive vice president and global head of real estate finance & …
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Real property increases in price, rent is still cheaper: Dubai news
According to the CBRE Group, an international real estate advisory company, the increase in property prices has been noted in Dubai. This refers to residential real property: now investments in villas …
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Dubai: Latest art exhibits you cannot miss
All the roads in these beautiful winter months are leading to display of art exhibits, whether at galleries, hotels or the ongoing Expo 2020 Dubai. We bring you a quick round-up of what’s happening …
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Abu Dhabi consortium completes $386m deal for Egyptian construction giant
A buy order of 304,628,772 shares valued at EGP6,092,575,440 was executed on behalf of the Abu Dhabi-based consortium, which is controlled 70 percent by Aldar and 30 percent by ADQ. Abu Dhabi …
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Abu Dhabi: Alpha Dhabi plans to boost expansion with USD2.2B investment
A subsidiary of Abu Dhabi’s International Holding Company titled Alpha Dhabi Holding aims to invest USD2.2 billion throughout multiple industries, in …
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Dubai Property of the Week: rare Marina villa on the market for Dh9 million
Each week, The National showcases some of the finest homes on offer in its Property of the Week. Here, we take a closer look at a villa in Dubai’s Marina Quays. Villas in Dubai Marina are a rare find.
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