• Real estate transactions value reached Dh5.1 billion in a week in Dubai

    Dubai: The total value of real estate transactions in Dubai reached Dh5.1 billion in the week ending 08 April 2021. The number of transactions reached 1,379. As many as 89 plots were sold for Dh512.58 million, 874 apartments and villas were sold for Dh2.35 billion. The top three transactions were a land in Saih Shuaib […]

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  • Emaar Development AGM concludes without announcing cash dividends

    Dubai, UAE: As intimidated earlier, Emaar Development PJSC didn’t announce cash dividends for 2020, at the company’s Annual General Meeting (AGM) held on 8 April 2021. Its Board of Directors ‘reflected’ on the company’s 2020 ‘durable performance’ and ‘resilience during challenging times’. “The Board of Directors also expressed their commitment to delivering high-quality homes to its customers […]

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  • Damac reports Dh1.03 billion net loss in 2021

    Dubai, UAE Damac Properties, one of the largest private sector real estate developers in the UAE, recorded Dh1.03 billion loss in 2020, a massive jump from Dh37 million net loss recorded in 2019, despite collecting Dh4.7 billion revenue last year compared to Dh4.4 billion in 2019. Booked sales for the period also nosedived to Dh2.3 […]

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  • Arada delivers 255 new homes in Dh24 billion Aljada megaproject

    Sharjah, UAE Sharjah-based master property developerArada said, it has completed 255 new homes within its flagship mixed-use master-planned community, Aljada, the Dh24 billion megaproject in Sharjah. The handover process for the first four Areej Apartments buildings, amounting to 255 units in total, has now begun as the Sharjah developer continues its aggressive delivery plan for […]

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  • The Heart of Europe to deliver the Middle East’s largest and most sustainable swimming pool as it prepares to open the French Riviera in Dubai  

    Grand Azur is eight times larger than an Olympic swimming pool and will be the lifestyle hub linking a quartet of boutique hotels at the centre of the glamourous Côte d’Azur resort Measuring 12,000 square metres, it will be the largest and the most sustainable pool in the Middle East and be part of Côte […]

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