Real Estate

DUBAI / Emirates Business wasl Asset Management Group, one of the largest real estate management and development companies in Dubai, has taken a leading position in Dubai’s freehold market following the announcement of its flagship freehold project, wasl1. The project features exceptional and unprecedented property standards, highlighting wasl’s commitment to promoting the freehold sector and consolidating Dubai as the world’s ...

Bloomberg The company that helped build entire neighbourhoods in Dubai plans to sell part of its business in the UAE in an initial public offering. Emaar Properties PJSC, which spearheaded a building boom in the emirate over the past 15 years and built the world’s tallest skyscraper in Dubai, will sell 20 percent of its real-estate development business, according to ...

Dubai / Emirates Business Deyaar Development PJSC, one of the UAE’s leading property development and real estate services companies, has entered into a strategic partnership with Huawei with the signing of a Memorandum of Understanding (MoU). The new partnership will provide residents of Deyaar properties with cutting edge technology solutions, including smart home applications and state of the art network ...

Bloomberg Washington’s most powerful trade associations spent more than $30 million on lobbying in the third quarter as Congress ramped up efforts to overhaul of the US tax code. Real estate groups were among those spending heavily, according to lobbying disclosures released for three months. The National Association of Realtors, among Washington’s biggest spenders, doled out $11.1 million during the ...

Dubai / Emirates Business DAMAC Properties Dubai Co. PJSC, a leading property developer in the Middle East, on Wednesday announced its first-nine months of 2017 financial results, reporting total revenue of AED 5.8 billion and net profit of AED 2.3 billion. As of September 30, DAMAC’s booked sales for 9M stood at AED 6 billion, representing a 13 percent increase ...

Dubai / Emirates Business Azizi Developments, a fast growing real estate developer headquartered in Dubai for over a decade, announced the plan to launch a new mega community project in the heart of Dubai at an estimated cost of AED25 billion, further signifying the developer’s continued rapid growth in the region. The new project, whose name is yet to be ...

DUBAI / WAM Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, announced its financial results for the third quarter of 2017. The company reported revenues of AED 512 million for the first nine months of the year as compared to AED 261 million in the same period in 2016, representing a 96 percent ...

Bloomberg Singapore home sales fell in September as developers marketed fewer projects in a month considered inauspicious by Chinese homebuyers. Developers sold 657 units last month, down from a revised 1,246 in August, according to Urban Redevelopment Authority data released on Monday. That’s the lowest sales since January. A total of 73 new units were offered, down from 794 in ...

Abu Dhabi / WAM Housing assistance and loans provided by the Sheikh Zayed Housing Programme, since it was founded in 1999, have reached AED30 billion, revealed Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Programme. He stressed that the government housing sector is one of the government’s priorities, as the wise leadership remains ...

Abu Dhabi / Emirates Business Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, appointed Construction Group Contracting House (CGCH) as the main contractor and early works package provider for an AED 745 million contract at The Bridges, its mid-market residential development on Reem Island. The contract, which commences with immediate effect, comprises the construction ...