Author: Property News
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Ellington Properties signs strategic partnership with BSBG for a new era of expansion
November 14, 2022, Dubai, UAE,: Ellington Properties, Dubai’s leading and award-winning design-led boutique developer, has appointed Brewer Smith Brewer Group (BSBG), an award-winning international design architecture and executive architecture group, as their lead consultant for new and upcoming projects located in Downtown Dubai, Jumeirah Lake Towers (JLT) and Business Bay. The partnership marks a new era…
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SANAD AND GMF TO ESTABLISH AN AEROENGINE MRO CENTRE OF EXCELLENCE IN INDONESIA
Bali, Indonesia – November, 2022: Sanad, a global industrial services leader with over 30 years’ expertise in aerospace and wholly owned by Abu Dhabi’s Mubadala Investment Company PJSC (Mubadala), has signed a landmark Memorandum of Understanding (MoU) with Indonesia’s GMF, the country’s largest aircraft maintenance company, at the UAE Business Forum which took place on the sideline of this week’s B20 Summit…
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WITH A SHORTAGE OF HIGH-END, READY-TO-LIVE PROPERTIES IN DUBAI, DEMAND FOR OFF-PLAN IS ON THE RISE
Dubai, UAE, October 13. 2022: Property buyers in Dubai are moving towards off-plan purchases as the emirate experiences a shortage of available high-end assets, according to a leading premium real estate developer in the emirates. Speaking ahead of Cityscape – The UAE’s largest property event – PNC Menon, the founder and chairman of Sobha Realty,…
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SHUAA Capital delivers AED 20 million net profit in Q3 2022
United Arab Emirates, 11 November 2022: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, has announced its financial results for Q3 2022. In the third quarter, SHUAA and its subsidiaries (the “Group”) reported a net profit attributable to shareholders of AED 20 million compared to a net loss of…
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ChatFood, The Ultimate Omnichannel Solution for Restauranteurs in the GCC
Dubai, United Arab Emirates – UAE-headquartered, omnichannel ordering and data-driven marketing platform, ChatFood, provides insight into the company’s success since inception, empowering hospitality businesses with state-of-the-art technology that offers guests a rewarding experience with every meal. The commission-free, mobile ordering and marketing platform is a key solution for restaurants looking to increase sales and create…
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Eshraq Investments reports its highest ever quarterly profit in its history of AED 474 million for Q3 2022
Abu Dhabi, UAE; 11 November 2022: Eshraq Investments PJSC (“Eshraq” or “Company”), listed on the Abu Dhabi Securities Exchange (“ADX”), today announced its results for the period ended September 30, 2022. The Company reported its highest ever quarterly net income of AED 475 million, a 27-fold jump year-over-year. Eshraq’s book value stood at AED 0.9238…
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Driven Properties wins Quality Brokerage of the Year 2022
11 November 2022 – Dubai, UAE: Driven Properties, Dubai’s leading luxury real estate brokerage, won Quality Brokerage of the Year at last night’s Property Finder Real Estate Awards. It is the second consecutive year the company bags the coveted award – and the first ever that the same agency wins twice in a row. The…
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Miral and Warner Bros. Discovery Announce Harry Potter Themed Land Coming to Abu Dhabi’s Yas Island
A first in the Middle East, extensive new themed land to be part of award-winning indoor theme park, Warner Bros. World Abu Dhabi Abu Dhabi, UAE – 10 November 2022: Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, in partnership with Warner Bros. Discovery, announced today a Harry Potter themed land, a first…
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Four Seasons and Midad Real Estate Announce Plans for Hotel in Jeddah’s Corniche District
The upcoming luxury hotel, serviced apartments and branded residences will have exceptional views of the Red Sea and easy access to Jeddah’s dynamic commerce hubs Toronto, Canada, November 10, 2022- Four Seasons Hotels and Resorts, the world’s leading luxury hospitality company, announces plans to expand its presence in the Middle East alongside Saudi-based investment firm…
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ZāZEN Properties shares insights on unprecedented growth in the UAE’s residential real estate sector
Dubai, UAE – 10 November 2022: ZāZEN Properties, a leading sustainable property developer in the UAE, is observing strong growth in the UAE’s residential real estate sector. The homegrown brand notes that the sale of off-plan and secondary properties in Dubai reached a 12-year high in the third quarter, both in terms of volume and…
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