Category: Developers
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Eshraq Investments reports an annual profit of AED 589.79 million for 2022
Abu Dhabi, UAE; 20 February 2023: Eshraq Investments PJSC (“Eshraq” or “Company”), listed on the Abu Dhabi Securities Exchange (“ADX”), announced its audited financial results for the full year 2022. The Company reported a net profit of AED 589.79 million in 2022 as compared to a net profit of AED 38.43 million for 2021. Shareholder…
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Nolte Küchen distributed by Universal Trading Company wins the Tilal Al Ghaf Harmony Villas project
DUBAI, UAE, 13th February 2023: Universal Trading Company (UTC), the exclusive UAE distributor of world-renowned Nolte Küchen, reveals that the brand has been chosen by Tilal Al Ghaf, Majid Al Futtaim’s flagship destination in Dubai, to be its official kitchen partner for its highly anticipated Harmony Villas. UTC will deliver a total of 1,039 Nolte…
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Sharjah Sustainable City wins top awards at prestigious International Property Awards in London
Sharjah, UAE, 08 February 2023: Sharjah Sustainable City – the first sustainable master-planned community developed by the Sharjah Investment and Development Authority (Shurooq) in partnership with Diamond Developers, has been awarded the ‘Best International Sustainable Residential Development’ and the ‘Best Sustainable Residential Development Arabia’ at the prestigious International Property Awards 2022-23. The awards recognize Sharjah Sustainable…
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Mandarin Oriental EXCLUSIVE HOMES PORTFOLIO
Hong Kong, 26 January 2023: Mandarin Oriental Hotel Group’s branded collection of the world’s finest private vacation homes, chalets and mansions, comprises a hand-picked selection of exceptional homes, each chosen for its outstanding quality and sought-after location, while also providing personalised service and experiences in keeping with the legendary hospitality of the award-winning brand. Following…
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DUBAI SOUTH SIGNS AGREEMENT WITH BRIGHT CAPITAL INVESTMENT TO BRING THE FIRST PREMIUM BRITISH EDUCATION SCHOOL TO THE RESIDENTIAL DISTRICT
Dubai, UAE, 26 January 2023: Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, announced the signing of an agreement with Bright Capital Investment, a school operator and investment company seeking to create one of the largest educational platforms in the UAE, to lease and operate a premium-quality, affordable British…
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BATTERSEA POWER STATION ACHIEVES £480 MILLION OF RESIDENTIAL SALES IN 2022
• Nearly £500 million pounds of new residential sales were achieved atBattersea Power Station in 2022, alongside the completion and hand overof £1.1 billion of apartments• Sales were made within the Power Station as well as in new architecturalmasterpieces by Gehry Partners and Foster + Partners, including a newcollection of 204 homes launched in October…
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Dubai-based Samana Developers to Launch 12 New Projects Worth AED 2.5 billion in 2023
(DUBAI): Samana Developers today released its 2022 performance review and revealed the blueprint for 2023. The statement said the new year ushers an exciting year for Samana Developers as it sets the target of quadrupling, 400%, growth. To materialize it, the company is currently picking up the most suitable locations and best real estate talent with…
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FOUR SKY MANSIONS AT THE RITZ-CARLTON RESIDENCES VALUED AT AED 200 MILLION EACH
Dubai, 12 January 2023: Following the successful launch of eight of the 12 mansions at The Ritz-Carlton Residences, Dubai, Creekside, part of the Keturah Resort, MAG, announced the release of the remaining four Sky mansions onto the market, each valued at AED 200 million. Each of the newly announced mansions comprises four levels (Basement +…
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Investcorp set to invest $1bn in GCC real estate over next five years
First real estate investment in the Kingdom of Saudi Arabia in a state-of-the-art warehouse in Dammam $100m-worth of investments in the Kingdom of Saudi Arabia currently under consideration Investcorp’s global warehousing logistics portfolio reaches $4bn Bahrain, 10 January 2023 – Investcorp, a leading global alternative investment firm, announced today that it is planning to invest…
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Danube Properties’ Dh550 million Elitz sold out on day of launch
Marking a record this year for the affordable luxury developer – selling Dh2.5 billion worth of units Elitz takes luxury to the next level adding more than 30+ types of unique facilities including office space at home – for professionals to work from home and have a better work-life balance that boosts productivity Dubai, UAE,…
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