Mubadala sold a 12 per cent stake in Aldar to Alpha Dhabi Holding
Cityscape’s Chris Speller reveals the trends shaping Dubai’s property market and plans for the emirate’s biggest property exhibition
The real estate sector in Dubai recorded a strong sales growth of 17 per cent in January 2021
The development includes 612 residential units spread over six buildings and retails space that spans 1,852 square meters
The bankruptcy judge decided to appoint a panel consisting of seven experts to examine the application
Shuaa’s real estate investment portfolio is reported to be worth over $11bn
The Al Rugaiba area recorded the highest number of sales
Members of the tribunal will include legal, financial and real estate experts
The six-bedroom Zunairah mansions have private infinity pools, landscaped gardens and direct access to the beach
The offer values the Egyptian property developer at about $420m
Nature reserves and rural natural areas will constitute 60 per cent of the emirate’s total area, while land used for hotels and tourist activities will increase by 134 per cent
The ONE100Palm spans over 3-floors and has a built-up area of 14,000 sq ft
The refinancing company was set up to buy home loans from banks and other finance companies, freeing up lenders to book more mortgages
It is the largest mall in the Northern Emirates within the UAE and will feature over 360 brands, including a 16-screen VOX Cinemas multiplex
Mixed-use developments have the power to add immense value to all stakeholders
A property glut and faltering demand in the Middle East’s business hub have driven prices down by more than a third since the market peaked some seven years ago
As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties
The One Za’abeel project includes two towers and ‘The Link’ – claimed to be the world’s longest cantilevered structure
Located within Dubai South’s Residential District, the villas have a built-up area ranging from 1,894-2,720 square feet
Registration and renewal of Ejari contracts topped the list of digital services last year
In 2020, there were 19,000 transactions executed, including sales and mortgages of land, buildings and real estate units for all types of land use
Emaar now has a total sales backlog of Dhs36.677bn, of which Dhs24.738bn is in the UAE
Its 2020 gross profit also rose 8 per cent to Dhs2.98bn
Aldar Estates now manages more than 32,000 units under property management and nearly 28,000 units under owners’ association management
2020 was a “very tough year” for all property developers, said Hussain Sajwani
It takes the total number of hotels under ADNEC’s umbrella to five, including Aloft Abu Dhabi, Andaz Abu Dhabi Capital Gate and Aloft London Excel
Aldar Investment and Aldar Development will be led by their own CEOs – Jassem Busaibe and Jonathan Emery, respectively
Jumeirah Village Circle has remained at the forefront for budget-conscious tenants in 2020
The company will take on management of Dhs30bn in developments and provide oversight for projects worth Dhs10bn
The 73-storey Amna Tower features 537 luxury units, including four ultra-luxury penthouses