Wednesday , 17 December 2025

Recent Posts

Abu Dhabi Commercial Bank successfully completes AED6.1 billion rights issue

ABU DHABI / WAM Abu Dhabi Commercial Bank PJSC (ADCB) on Wednesday announced the successful completion of its AED6.1 billion rights issue, following the close of the subscription period on 4th December 2025. The transaction attracted exceptional demand, with total funded commitments exceeding AED12 billion from UAE, regional and international investors. Mubadala Investment Company, ADCB’s majority shareholder, subscribed in full …

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Modon sells out Bashayer on Hudayriyat Island within one day of launch

ABU DHABI / WAM Modon on Wednesday announced the complete sell-out of Bashayer, the first waterfront residential community on Hudayriyat Island, within one day of the launch, generating AED3 billion in sales. The exceptional demand reinforces Hudayriyat Island’s position as one of the region’s most desirable residential destinations and reflects the strength of Modon’s approach to shaping communities designed for …

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RAK’s Fastest-Selling Project Mondrian Al Marjan Beach Residences sells 200+ units in 2 hours marking AED 704M in sales

Ras Al Khaimah/ Gulf Time ELEVATE, the visionary lifestyle real estate brand, has officially shattered market records in Ras Al Khaimah. Following a spectacular launch event at Atlantis The Royal on 26th November, the Mondrian Al Marjan Island Beach Residences became the emirate’s fastest-selling project, recording AED 704 million in sales within just two hours. The overwhelming response saw more …

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