Tag: Abu Dhabi
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SHUAA Capital Announces Sale of Prime Business Bay Land to Danube Properties for AED 190 Million
United Arab Emirates, 5 July 2023: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced that it has arranged, on behalf of its subsidiaries and other investors, the sale of a prime plot of land in Business Bay, Dubai to Danube Properties for a total sale price of…
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DHAHI KHALFAN TAMIM VISITS ‘THE HEART OF EUROPE’ ISLAND
Dubai, UAE, 05 May 2023: His Excellency Lieutenant General Dhahi Khalfan Tamim, Deputy Chief of Police and Public Security in Dubai, has visited The Heart of Europe island, the flagship master project by the Kleindienst Group. Josef Kleindienst, Founder and Chairman of the Kleindienst Group, extended a warm welcome to His Excellency at the islands.…
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S&P affirms Emirates Development Bank’s ‘AA-‘ Credit Rating with Stable Outlook
Abu Dhabi, United Arab Emirates, 23 May 2023: S&P Global Ratings (“S&P”) affirmed the ‘AA-‘ credit rating for Emirates Development Bank (“EDB” or “the Bank”), demonstrating the Bank’s strong creditworthiness. The rating comes with a ‘Stable’ outlook, indicating confidence in EDB’s ability to maintain its financial stability. The affirmation of EDB’s credit rating at AA- is…
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Q Properties launches phase 2 of its new Reem Hills luxury apartments
Abu Dhabi, UAE – 09 May 2023: Q Properties – a leading UAE real estate developer and subsidiary of Q Holding – has announced the launch of phase 2 of its new luxury apartments in Reem Hills after buyers snap up all phase 1 units in record time. These apartments come with a 2 years’…
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LiveWell with Nakheel to host community event on healthy hair and skin
Dubai, 26 April 2023: LiveWell with Nakheel, a health and wellness initiative across Nakheel’s communities in Dubai, has announced its upcoming community event dedicated to maintaining healthy hair and skin with guest speakers Charlotte Mahaini, Consultant with Harklinikken and Uma Ghosh, an award-winning TV Producer, Entrepreneur, Certified Health and Wellness Coach on 29th April. The LiveWell with…
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Eshraq Investments: AED 162 million for the sale of 58 residential units in Burj Daman.
Abu Dhabi, UAE; 17 March 2023: Eshraq Investments PJSC (“Eshraq” or “Company”) today announced that it has entered into Memoranda of Understanding (“MOU“) with regard to the sale of all the 58 apartments it owns in Burj Daman-DIFC-Dubai for a total sale consideration of AED 162 million. The transactions are a continuation of the Company’s…
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Department of Municipalities and Transport reports 6% reduction in service fees for real estate development project service charges in 2022
Abu Dhabi, 15 March 2023: The Department of Municipalities and Transport (DMT) have revealed that service fees for real estate units’ owners and investors in development projects were reduced by 6% during 2022. The reduction in service charges led to property owners and investors saving over AED37.2 million in 2022. DMT also announced that 319…
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Q Holding and ORA Real Estate to Develop Sustainable Smart City in Ghantoot, Abu Dhabi
Abu Dhabi, United Arab Emirates, March 6, 2023, Q Holding and ORA Real Estate Development Group have recently signed a partnership agreement to develop a smart and sustainable city in the Ghantoot region of Abu Dhabi, UAE. The integrated city will span over 20 million square meters and will provide the community with residential, hotel,…
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Provis Owners’ Association Portfolio Surges by 68% in 2022
Abu Dhabi, 03 Febuary 2023 – Leading full-service real estate company Provis has established itself as the UAE’s largest independent Owners’ Association (OA) Management firm in the UAE, after growing its OA portfolio by 68% in 2022, through a series of strategic acquisitions. The company’s OA portfolio today includes approximately 47,000 managed units, after witnessing…
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ADCB signs pledge to support UAE Net Zero by 2050 Strategic Initiative
Abu Dhabi, 20 January 2023: Abu Dhabi Commercial Bank PJSC (ADCB) announced today that it has signed the UAE Climate-Responsible Companies Pledge with the Ministry of Climate Change and Environment (MOCCAE), reaffirming its commitment to supporting the UAE’s climate agenda and Net Zero by 2050 Strategic Initiative. The pledge, which was signed at Abu Dhabi Sustainability…
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