Tag: Property B News
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Arada returns to global debt markets with successful closure of 3.5 times oversubscribed $400 million Sukuk
Dubai, United Arab Emirates: 12 June 2024 – Arada Developments LLC (“Arada”), rated B1 by Moody’s and B+ by Fitch, has successfully completed the issuance of its second public financing deal, a $400 million Sukuk, which has been listed on the London Stock Exchange and the Nasdaq Dubai. This is the first issuance under Arada’s newly…
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US$ 796.8 million of global private capital takes aim at Abu Dhabi and RAK property markets
Dubai, 10 June 2024: High-net-worth-individuals (HNWI) around the world are prepared to spend US$ 408.3 million on residential real estate in Abu Dhabi and a further US$ 388.5 million in Ras Al Khaimah, according to global property consultancy, Knight Frank’s second annual 2024 Destination Dubai report. Knight Frank has surveyed 317 HNWI – 217 around the world and…
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Discovery Dunes provides members-only premium residential community amidst soaring UAE luxury market
Dubai, UAE, 10 June 2024 – The overall UAE real estate market spearheaded by its luxury sector has been experiencing a constant growth in recent years due to several contributing factors such as strong foreign investment, rising demand for luxury homes and good return on investment opportunities, just to name a few. Additionally, the increase in…
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Snowflake Doubles Down on Developers with End-to-End Capabilities for Building Enterprise-Grade Pipelines, Models, and AI-Powered Apps
New innovations including Snowflake Notebooks, Snowflake Trail, DevOps tools, and more accelerate end-to-end development for builders, all from Snowflake’s unified platform Dubai, United Arab Emirates – June 7th, 2024 – Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced at its annual user conference, Snowflake Summit 2024, new tools and innovations that accelerate how…
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Arada awards AED1.48 billion contracts to build the final two phases of Sharjah’s woodland megaproject, Masaar
Sharjah, United Arab Emirates: 6 June 2024: Arada has awarded two contracts valued at AED1.48 billion for the construction of Sequoia and Saro, the final two phases of Masaar, the AED9.5 billion woodland megaproject in the Suyoh district of Sharjah. Valued at AED650 million, the Sequoia contract to build 428 homes has been awarded to Pivot…
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5 reasons why branded residences in Dubai are a good investment
Investing in Dubai real estate has always been attractive, but branded residences offer a particularly compelling opportunity. These luxurious properties combine high-end amenities, sophisticated design & architecture, superior service, and robust security, setting them apart from traditional real estate. In fact, Dubai’s branded residences are increasingly popular among high-net-worth individuals worldwide, with 69% expressing interest…
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Peak Summit Development Launches Tower C at The Orchard Place development project in Jumeirah Village Circle
The Orchard Place is a multi-building residential community that will see over 1,100 units at its completion; Modern European designs and a host of amenities to make this one of the most vibrant communities in JVC 4th June 2024, Dubai, United Arab Emirates: Peak Summit Development announces the second phase of its highly demanded The Orchard Place, a Luxury European inspired residential community in the heart of Jumeirah Village Circle, Dubai, following the complete sale of units in Tower A and B. Demand for the units was driven by the well-appointed living spaces, attention to detail and contemporary finishings, as well as…
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Dubai SME and Danube Group Sign Cooperation Agreement to Boost Market Opportunities and Foster Growth for Emirati-owned SMEs
Dubai, UAE – May 2024 – Dubai SME, a subsidiary of the Dubai Department of Economy and Tourism (DET), mandated to develop the small and medium enterprise (SME) sector, and Danube Group, a leading conglomerate in the Middle East, have signed a Cooperation Agreement to diversify the buyer base and expand market opportunities for Emirati-owned…
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Danube Properties hands over project Pearlz six months ahead of schedule
-Pearlz by Danube, located in Al Furjan, boasting 300 modern residential units and retail outlets, was delivered six months ahead of schedule on May 24, 2024. -Pearlz was sold out on the first day of launch in 2022. -The successful handover was marked by an open house and meet-and-greet ceremony attended by homeowners and other…
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MERED to integrate climate-controlled parking solutions at flagship ICONIC Tower
Dubai, UAE, 23rd May 2024: MERED, the renowned international real estate developer, is introducing innovative parking solutions at its award-winning flagship project, ICONIC Tower. In line with its mission to enrich people’s lives and provide its residents with a luxury urban lifestyle, MERED will integrate cutting-edge parking boxes with a range of features designed to…
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