Category: Developers
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Emaar achieved group property sales of AED 26.9 billion (US$ 7.3 billion) in the first 9 months of 2022
Dubai, United Arab Emirates – 14 November 2022: Emaar Properties PJSC (DFM: EMAAR), announced continued growth in the first nine-month profitability, underpinned by robust property sales and growth in the performance of recurring revenue businesses. Key performance highlights Emaar recorded revenue during the first nine months of 2022 (“9M 2022”) amounting to AED 18.9 billion…
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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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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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The DAMAC Hills 2 Hotel is set to open in the coming months
A sought-after destination for business and leisure travellers alike, this Edge by Rotana managed hotel will be an exemplary destination to stay and explore. Dubai, UAE, November 2022 – The brand-new DAMAC Hills 2 Hotel, an edge by Rotana managed hotel that is set to open in the coming months in DAMAC Hills 2, a vibrant…
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Nakheel secures strategic finance of
AED 17 billion to drive new phase of growthDubai, UAE; 8 November 2022: Master-developer Nakheel today announced that it has secured AED 17 billion in strategic financing deal to drive its new phase of growth. This includes refinancing of AED 11 billion, and additional funds of AED 6 billion. The finance will be utilised to accelerate the development of its new projects including Dubai…
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Eshraq Investments sells land in Abu Dhabi’s Al Reem Island to Reportage Properties
Abu Dhabi, UAE, 07 November 2022: Eshraq Investments PJSC (“Eshraq” or “Company”) announced today that it has entered into a Sale & Purchase Agreement (SPA) with Reportage Properties for the sale of a land plot on Al Reem Island, Abu Dhabi, with approximately 650,000 square feet of Gross Floor Area for a purchase price of AED 126.6 million.…
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MAG OF LIFE LAUNCHES EIGHT MANSIONS EACH VALUED AT AED 177MILLION
Dubai, 7 November 2022: MAG of Life, has announced the launch of eight out of total 12 mansions at the Ritz-Carlton Residences, Dubai, Creekside, part of the Keturah Resort, each valued at AED 177 million. The luxury wellness development, which is valued at USD 1.3 billion, provides residents and visitors with a unique, healthier environment…
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Nakheel hoists UAE flag marking the 10th UAE Flag Day
Dubai, UAE; 3 November, 2022: Nakheel, the world-leading master developer, today held a UAE flag-raising ceremony to mark the 10th UAE Flag Day. Conferring its solidarity and allegiance to the country at the invitation of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE, and Ruler of Dubai.…
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