Backlog increase to $34.6bn gives long-term revenue visibility; EBITDA reaches $1.5 bn at a healthy 53% margin
Real Estate in Dubai
Dubai
Dubai real estate: SquareX Residence in JVC nears sell-out amid soaring short-term rental demand
With its modern design and Airbnb-aligned features, SquareX Residence taps into Dubai’s rising short-term rental market, offering affordable luxury for next-gen property investors
Binghatti
Hollywood actor Terry Crews buys apartment at Binghatti Aquarise launch in Dubai
Binghatti Aquarise is scheduled for completion by March 2027
Dubai real estate
Dubai real estate: Dubailand records $7.3bn in property transactions
Dubailand’s location provides direct access to Sheikh Mohammed Bin Zayed Road, positioning residents within 25 minutes of Dubai International Airport
Dubai
Dubai real estate: Property market hits all-time high with nearly $17bn April transactions
Dubai’s real estate market continues to scale new heights, propelled by bold city planning, regulatory innovation, and investor trust
Attestation services
UAE tax rule; May petrol prices revealed; Trump Tower in Dubai; Viral chocolate maker speaks out – 10 things you missed this week
UAE and Saudi tax updates; Dubai viral chocolate maker interview, May petrol prices revealed, Trump Tower coming to Sheikh Zayed Road and more news stories
Dubai
Dubai real estate: Off-plan property sales surge 47% year-on-year in April
According to the Dubai Land Department (DLD), the total real estate transaction value in April reached AED46 billion
Dubai commercial real estate market
Sweid & Sweid expands portfolio with Aurora Tower acquisition in Dubai Media City
Aurora Tower will be Sweid & Sweid’s fourth project within the business district
DHG Properties
Swiss property developer DHG Properties teams up with Two | 88 for luxury Dubai project
The current partnership is for DHG Properties’ latest residential development in Meydan Bukadra
branded residence
Dubai real estate: Branded residences to double as demand surges, buyers ready to pay 69% premium
Dubai is home to over 81,200 millionaires, more than 237 centimillionaires, and 20 billionaires
Dubai
‘We’re not here to compete on volume’: DHG Holding on bringing AI-powered smart living to Dubai’s property market
The company applies the same meticulous approach in Dubai as it does in Switzerland – both in planning, design, and execution, CEO says in Arabian Business interview
DLD
Dubai property watchdog monitors over 279,000 listings with new AI platform
The Dubai Land Department described the monitoring system as part of its strategy to improve transparency and credibility in the property sector
Dubai
Dubai office market to expand by 415,000 square metres through 2026: Report
This expansion will increase Dubai’s total office space inventory to 9.7 million square metres from the current 6.26 million, the Cavendish Maxwell report said
Dubai luxury real estate
UAE wealth growth drives record real estate transactions, says Knight Frank report
As of December 2024, the UAE hosted 130,500 dollar millionaires, ranking as the 14th largest wealth market globally
Dubai luxury real estate
Gulf House Real Estate enters Dubai market with Palm Jumeirah project
The company’s imminent launch of Olaia Residences on Palm Jumeirah marks its first step towards becoming a significant player in Dubai’s competitive luxury real estate market
DIFC
Dubai real estate: 366 DIFC Heights homes sell out in just days
DIFC Heights Tower sells out in days as investors snap up homes in Dubai financial district
Artificial intelligence
New UAE tax rule; Dubai announces stormwater infrastructure; UAE approves AI law plan; Mall of the Emirates set for $1.3bn upgrade – 10 things you missed this week
UAE tax rules, Dubai storm infrastructure, AI to create laws, real estate buying tips and more top news stories this week
