News

Reuters report says the sale could raise up to AED 3.67 billion for Emaar Properties Standard Chartered reportedly hired to advise on the sale Emaar Properties is looking to sell the observation deck of the world’s tallest skyscraper – Burj Khalifa, according to a report by Reuters which quoted unnamed sources. According to the report, Emaar had appointed Standard Chartered […]

Aditi Hariharan, Associate Partner, Strategic Consulting and Research at Cavendish Maxwell discusses the findings of our first Dubai Healthcare Property Market Report live on the radio show Business Breakfast on Dubai Eye 103.8 FM. PODCAST: LINK

Dubai, United Arab Emirates Dubai healthcare property market to extend growth as focus on sector sharpens ahead of Expo Between 2010-2018, total number of private hospitals increased from 19 to 25, registering a CAGR of 3% As of 2017, Dubai had one of the highest physician-to-population ratios in the world Government initiatives such as the Dubai Health Experience to help […]

Investment worth AED 2.2 billion will be made to develop South Quay and Khalifa Port Logistics AED 1.6 billion to be allocated for the expansion at Abu Dhabi Terminals Both projects expected to create over 2,800 direct and indirect jobs Abu Dhabi Ports has announced expansion plans worth AED 4 billion at its flagship Khalifa Port, seven years after it […]

WB Abu Dhabi will feature over 250 rooms over eight levels The USD 112 million hotel will be opened in 2021 Media company Warner Bros. announced that it will open its first-ever themed hotel in Abu Dhabi’s Yas Island in 2021. Construction of the USD 112 million hotel is now 40% complete. WB Abu Dhabi will feature over 250 rooms over […]

Value of contracts in Q3 rise to SAR 47.8 billion, says US-Saudi Arabian Business Council Oil and gas leads other sectors in contract awards followed by real estate The construction industry of Saudi Arabia displayed solid growth in the third quarter, with contract awards during Q3 2019 growing 164% versus the same quarter a year ago, according to a report by […]

First cluster of townhouses, named Eden, due to be ready in Q4 2022 Compelling investment opportunity for those within the mid-income residential market Emaar Properties has launched The Valley, a new AED 25 billion master development on Dubai-Al Ain Road, which will feature retail, entertainment, recreational, educational and health facilities. Running through the heart of the masterplan is a lush […]

Common Properties Law No. 6 of 2019 came into effect on 19 November Property owners or approved property management companies to take up collection activities Developers in Dubai can no longer collect any service charges on behalf of property owners, according to the Common Properties Law No. 6 of 2019, which came into effect on November 19. Instead, property owners, […]

Q3 revenues increased 7% on year to AED 1.6 billion Net profit for the quarter declined 8% on higher non-recurring income in 2018 Aldar Properties reported revenues of AED 1.6 billion in the third quarter of the year, an increase of 7% compared to the same period a year ago. However, net profit for the period slipped 8% to AED […]

Net profit for the quarter stood at AED 1.3 billion Interest from foreign investors and first-time home buyers supported growth Real estate developer Emaar Properties recorded net profit of AED 1.3 billion during the third quarter of 2019, up 20% from the same period a year ago, the company said. The group’s revenue during the third quarter also saw an […]