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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

Business Bay

Damac set to launch new Dubai residential project

by Sam BridgeFri 21 Jun 2019Thu 7 Oct 2021

Prices for apartments in Zada in Business Bay will start from AED699,000, will be launched on June 29

The project, which is located in Arjan, close to Miracle Garden, has doubled the developer’s real estate portfolio value to AED730 million.
Dubai

Developer says 108 units sold in new Dubai project in 21 days

by Sam BridgeSat 15 Jun 2019Thu 7 Oct 2021

Vincitore Realty reveals strong demand for apartments at its Vincitore Benessere development in Arjan

The developer said construction of Azizi Plaza, one of the company’s 22 residential towers in Al Furjan, is over 85 percent completed.
Al Furjan

UAE’s Azizi says Plaza residential project set for Q3 handover

by Sam BridgeMon 3 Jun 2019Thu 7 Oct 2021

Azizi Plaza comprises 434 residences in a mix of 286 studio, 46 one-bedroom, and 86 two-bedroom units, as well as 16 penthouses

In keeping with Sharia law, Ghalia features separate amenities for men and women, including separate dining facilities, gymnasiums and swimming pools.
Ali Sajwani

Dubai’s Damac hands over first Sharia compliant property

by Sam BridgeThu 30 May 2019Thu 7 Oct 2021

Ghalia houses 727 fully furnished, luxury apartments and is located in the heart of the Jumeirah Village Circle

Farhad Azizi, CEO of Azizi Developments.
Azizi Developments

UAE’s Azizi offers $2.7m bonus to drive Dubai project completions

by Sam BridgeMon 27 May 2019Thu 7 Oct 2021

Bonus announcement coincides with Azizi Developments marking 2019 as its Year of Construction, with nine of its projects scheduled for handover this year

Jumeirah Golf Estates has announced the completion of Alandalus towers A and B.
Dubai

Jumeirah Golf Estates says Alandalus towers set for 2020 completion

by Sam BridgeFri 24 May 2019Thu 7 Oct 2021

Alandalus, located amid Dubai championship courses, offers 715 apartments, 95 townhouses, a mosque, a hotel, and a community retail centre.

Arabian Ranches III is positioned between Emirates Road and Sheikh Zayed Bin Hamdan Al Nahyan Street, next to the original Arabian Ranches, which is popular with expats.
Arabian Ranches

Construction work starts on Emaar’s Arabian Ranches III

by Sam BridgeTue 21 May 2019Thu 7 Oct 2021

Arabian Ranches III will feature a lazy river, sports courts, kids splash pads, a clubhouse, a central park and a retail area, among numerous other family-friendly amenities

Glamz was launched by Danube in 2016 and sold out the same year.
Danube Group

Dubai’s Danube completes Starz, Glamz residential projects

by Sam BridgeFri 10 May 2019Thu 7 Oct 2021

Dubai developer says planning handover of 880 homes in Starz and Glamz projects

Sales to non-UAE residents represented 45 percent of the total sales recorded, with strong interest from investors in Saudi Arabia, China, the United Kingdom and India.
Dubai property developer

Emaar Development sales rise to $1.6bn in Q1 2019

by Bernd Debusmann JrTue 7 May 2019Thu 7 Oct 2021

Net profit during the same period totaled AED 751 million ($204 million) with a revenue of AED 3.341 billion ($910 million).

Construction on the Afnan and Dania districts of Deyaar’s Midtown mega development is ongoing, with the projects at almost 80 percent completion.
Deyaar Development

Dubai developer Deyaar sees net profit slump in Q1

by Sam BridgeWed 1 May 2019Thu 7 Oct 2021

Deyaar Development says the Afnan and Dania districts of its Midtown mega development are set to be handed over later this year

The project is aiming to grow 100,000 corals by 2020, which it will plant in reefs around The Heart of Europe.
coral

How Dubai developer is aiming to grow 100,000 corals by 2020

by Sam BridgeThu 25 Apr 2019Thu 7 Oct 2021

Kleindienst Group, the creator of The Heart of Europe project off the Dubai coast, says Coral Institute aims to create new diver’s paradise

Developers in Dubai have been progressively reducing the unit size to make properties more affordable, according to new research.
Dubai

Revealed: how Dubai developers are making homes more affordable

by Sam BridgeTue 23 Apr 2019Thu 7 Oct 2021

Property Finder research says developers are progressively reducing the unit size in order to lower prices

Muhammad Binghatti, CEO and head of architecture, Binghatti Developers.
Binghatti Developers

UAE developer Binghatti to open sales offices in Saudi Arabia

by Staff writerThu 18 Apr 2019Thu 7 Oct 2021

CEO Muhammad Binghatti says company is eyeing the launch of an office in Riyadh and Jeddah within two months

Damac Tower at Nine Elms will be the first in Europe to be designed in partnership with famous Italian fashion house, Versace Home.
Barclays

Dubai’s Damac secures $229m financing for luxury London project

by Sam BridgeFri 12 Apr 2019Thu 7 Oct 2021

Three banks provide funds for Damac Tower at Nine Elms, the first in Europe to be designed in partnership with Versace Home

Dubai

How Dubai’s big names dominated property sales in early 2019

by Bernd Debusmann JrWed 3 Apr 2019Wed 6 Oct 2021

Emaar Properties sold nearly a quarter of all homes sold in Dubai in the first two months of 2019

Dubai floating villas

Video: A look inside Dubai’s first floating seahorse villas

by ITPTue 19 Feb 2019Wed 6 Oct 2021

Kleindienst Group has successfully sold 85 per cent of the second homes scheduled for Phase One with a project value of AED 1.5 Billion.

Dubai Creek Harbour
Dubai

Emaar Development profits rise 42% in 2018

by Bernd Debusmann JrThu 14 Feb 2019Tue 9 Nov 2021

The company recorded total sales of $3.87 billion throughout 2018

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