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Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

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بالعربية

Dubai property developer

Butti Omair Bin Yousuf Al Mheiri

Chairman of Dubai’s Union Properties tenders resignation

by Alicia BullerWed 25 Sep 2019Sun 14 Nov 2021

Dubai-based developer hits back at social media rumours about management

The 14-storey two tower complex, joined at the top by an infinity pool, is located next to Seven Tides’ second development on Palm Jumeirah, Dukes The Palm.
Abdulla Bin Sulayem

Revealed: who is investing in Dubai’s Seven Residences The Palm

by Sam BridgeThu 19 Sep 2019Wed 6 Oct 2021

Developer Seven Tides says Russian, UK and Brazilian investors are leading rush to buy apartments

The campaign, which runs through September, covers the developer's prime offerings in Business Bay, Damac Hills and Akoya.
Akoya

Dubai’s Damac offers big discounts, Mercedes gift in new sales campaign

by Sam BridgeWed 11 Sep 2019Wed 6 Oct 2021

Dubai developer Damac announces significant savings on properties across Dubai projects portfolio

Sobha founder PNC Menon.
Dubai property developer

Dubai developer Sobha says planning IPO in 2022

by BloombergThu 29 Aug 2019Wed 6 Oct 2021

Sobha founder PNC Menon says will wait to meet profitability projections before making a final decision on the IPO

Riviera, Azizi Developments’ flagship master-planned waterfront community in Meydan One, has received the strongest response from Saudi investors to date.
Azizi Developments

More Saudis investing in Dubai real estate, says developer Azizi

by Sam BridgeWed 28 Aug 2019Wed 6 Oct 2021

Azizi Developments has recorded an 8% increase in sales to investors from Saudi Arabia this year compared to 2018

Al Sufouh

Damac in talks with DICO over Al Sufouh, Business Bay land plots

by Staff WriterMon 19 Aug 2019Sun 14 Nov 2021

Dubai developer will reveal value of acquisitions once deal is completed

Damac delivered 1,476 units in first half of the year compared to 1,490 units during the same period last year.
Akoya

Damac Properties reports 87% drop in Q2 profit on falling revenue

by Staff WriterWed 14 Aug 2019Tue 9 Nov 2021

Hussain Sajwani, chairman of Damac Properties, said the developer is ‘looking forward to an upturn in the real estate sector’

Mohamed Alabbar, chairman of Emaar Properties.
Dubai property developer

Emaar H1 property sales soar 52% compared to 2018

by Bernd Debusmann JrSun 4 Aug 2019Tue 9 Nov 2021

Emaar Properties recorded profits of $847m in the first six months of the year

Azizi Developments

UAE’s Azizi chases UK investors with London property roadshow

by Sam BridgeTue 30 Jul 2019Thu 7 Oct 2021

Azizi Developments has announced plans to hold a special roadshow of its flagship projects in Dubai in London

Kleindienst revealed that two of the islands on The Heart of Europe project are more than two-thirds complete.
Dubai property developer

Heart of Europe project sales hit $155m as construction progresses

by Sam BridgeMon 29 Jul 2019Thu 7 Oct 2021

Kleindienst Group says first-half sales supports estimates that there is demand for up to 60,000 second homes in the UAE

Dubai

Nakheel launches first villas for lease at Nad Al Sheba

by Sam BridgeFri 26 Jul 2019Thu 7 Oct 2021

Developer says annual rents for four and five bedroom homes at Nad Al Sheba will start at AED118,750

Deyaar Development

Dubai’s Deyaar says Midtown districts to be handed over by year-end

by Sam BridgeFri 26 Jul 2019Thu 7 Oct 2021

Deyaar Development says close to reaching completion of two districts within its Midtown community mega development

Hussain Sajwani, the owner of Dubai-based developer Damac Properties
Damac Properties

Damac’s Hussain Sajwani warns of fraudsters using his name

by Shane McGinleyThu 25 Jul 2019Tue 9 Nov 2021

Damac chairman Hussain Sajwani said scams were using his name for unlawful gain

Abdulla Bin Sulayem

Revealed: who is investing in Dubai’s Seven City project?

by Sam BridgeMon 22 Jul 2019Thu 7 Oct 2021

Indian, UK and Emirati investors have bought over 37% of the Seven City JLT project in Dubai

DP World

New homes revealed in Dubai’s Riviera-style coastal project

by Sam BridgeSat 13 Jul 2019Thu 7 Oct 2021

Seashore will feature a limited collection of 1, 2 and 3-bedroom apartments in Mina Rashid

Akoya

First residents move into Damac’s Akoya mega project in Dubai

by Sam BridgeMon 1 Jul 2019Sun 14 Nov 2021

Developer Damac says it has commenced handovers at the Claret cluster of its 55 million square-feet master development

Al Khail Avenue mall

Dubai’s Nakheel inks $31m roads deal for Al Khail Avenue mall

by Sam BridgeWed 26 Jun 2019Thu 7 Oct 2021

Master developer appoints Wade Adams Contracting to build access roads to new retail hub which is set to open next year

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