The real estate and properties transactions valued at AED4.3 billion in total during the week ending 7th January 2021. The sum of transactions was 1,546. According to the Department of Land and Property in Dubai, 109 plots were sold for AED438.22 million, 1,035 apartments and villas were sold for AED1.66 billion. The top three transactions […]Read More
Aldar Properties PJSC has signed an agreement to divest its two district cooling assets on Abu Dhabi’s Saadiyat Island to National Central Cooling Company PJSC (Tabreed) for a total consideration of AED 963 million. Aldar had purchased a 100 percent stake in Saadiyat District Cooling LLC (SDCL) and an 85 percent stake in Saadiyat Cooling […]Read More
UAE-headquartered TIME Hotels Management has officially taken over the management of the Onyx Hotel Apartments in Al Qusais, Dubai, its fifth property in Dubai and its seventh in the UAE. TIME Hotels took over day-to-day operations of the rebrandedTIME Onyx Hotel Apartments Al Qusaison Saturday (12th December) following an official handover ceremony, which was attended […]Read More
Riu Dubai, Nakheel’s 800-room joint venture with Spain’s RIU Hotels & Resorts, is now open at Deira Islands, adding a new dimension to Dubai’s hospitality offering as the emirate’s first 4-star, 24-hour all-inclusive beachfront resort. Riu Dubai, Nakheel’s first hospitality joint venture and the first attraction to open at Deira Islands, was inaugurated by Nakheel […]Read More
The Department of Municipalities and Transport, DMT, has launched phase two of a comprehensive renovation plan to redevelop designated areas of the iconic Mina Zayed area, and transform it into a new tourist, commercial and residential destination. As part of the first phase of the project, the masterplan has already been completed, as has the […]Read More
Arada has announced that home handovers have begun for nearly 500 units based in two phases at its record-breaking new Sharjah project, Nasma Residences. Consisting of 302 villas and townhouses, construction on Phase 4 of Nasma Residences started in June 2019. Work on Phase 5, which features 174 townhouses, also began in June last year. […]Read More
Aldar Properties, Aldar, today announced the launch of Noya, a master-planned residential community on the iconic Yas Island. The AED940 million development is located in an investment zone, with all properties available for purchase on a freehold basis. Located in close proximity to Aldar’s flagship Yas Acres, Noya offers residents the opportunity to combine the […]Read More
Cityscape’s Real Estate Summit opened its doors on Monday, with Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority, inaugurating the one-off edition of the annual event, organised by Informa Markets and held in partnership with the Dubai Land Department at Dubai World Trade Centre. Al […]Read More
Emaar Malls, the developer of premium shopping malls and retail assets including The Dubai Mall, majority-owned by Emaar Properties, reported revenue of AED2.493 billion (US$ 679 million) for the first nine months of 2020 (January to September). Emaar Malls reported net profit of AED586 million (US$160 million) for the period ending 30th September 2020, despite […]Read More
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