Business

The Cabinet also announced $1.9 million reward for government employees. The UAE Cabinet has approved the creation of the Emirates Entrepreneurship Council, alongside an impressive allocation of AED 300 million ($81.7 million) to empower and inspire young individuals to venture into entrepreneurship. Led by Alia Al Mazrouei, the council aims to foster innovation and expand opportunities for aspiring...

Asset had generated $14.64mln in rental income throughout investment period. Bonyan REIT Secures Over SAR 279.9 Million Through Dubai Property Divestment Saudi Arabia’s Bonyan REIT has successfully concluded the sale of a residential property in Dubai, earning an impressive SAR 279.9 million ($74.5 million) in total proceeds. The property, Citywalk 2B, features 69 units and was originally acquired for...

1. A Two-Year Milestone: Object 1’s Remarkable Journey in the UAEIn just two years of operations within the UAE, Object 1 has made significant strides by focusing on Dubai’s fast-growing areas, including Jumeirah Village Circle (JVC) and Jumeirah Village Triangle (JVT). Leveraging expertise from successful ventures in Ukraine and Spain, the company has quickly risen to rank among the top three...

The project signals growing confidence in Dubai’s commercial real estate sector, which has seen strong leasing activity and rising rents in prime locations over the past year Sweid & Sweid Announces AED 730 Million Contract with Dutco Construction for Premium JLT Office Tower Renowned real estate developer Sweid & Sweid has awarded Dutco Construction, a Dubai-based construction giant, a contract...

Find out how off-plan property investments let Indian investors get Dubai's Golden Visa. Learn about benefits and strategies. Dubai Real Estate Market Shows Strong Growth and Resilience in November 2024 The Dubai real estate market demonstrated remarkable resilience and growth in November 2024, with average annual rent prices rising by 20.8% to AED 90,288 ($24,581.74). While there was a slight annual...

Dubai Real Estate Market Shows Strong Growth and Resilience in November 2024The Dubai real estate market demonstrated remarkable resilience and growth in November 2024, with average annual rent prices rising by 20.8% to AED 90,288 ($24,581.74). While there was a slight annual decrease in rental transaction volumes, the market maintained stability due to consistent demand for high-quality rental properties....

Dubai Sotheby’s International Realty announces $35.4m sale of branded real estate villa in Palm Jumeirah. Dubai Sotheby’s International Realty Sets New Record with AED 130M Villa Sale at Six Senses Palm Jumeirah Dubai Sotheby’s International Realty has announced a landmark sale of a luxurious five-bedroom beachfront Signature Villa at Six Senses Palm Jumeirah for an impressive AED 130 million ($35.4...

Gone are the days when a standard luxury home was defined by spacious layouts and high-end features such as pools and gyms. Today, the focus has shifted away from traditional amenities as new priorities emerge. Unveiling the Distinction Between Luxury and Ultra-Luxury Homes in Dubai Amina Mistry, a 35-year-old working professional, has been actively searching for her dream home for over six months....

The investment objective of Izdihar Fund is centred on delivering sustainable and attractive long term returns to investors through investment in income generating, well-tenanted, marquee assets in the Sultanate and the GCC Bank Muscat Drives Growth with Landmark Real Estate Transaction in the GCC Muscat: As a leading financial services provider in Oman, Bank Muscat continues to demonstrate its...

Dubai real estate project will feature 105 units comprising studio, 1-bedroom, and 2-bedroom apartments. Kamdar Property Development Unveils 105 Residences: A New Era of Premium Living in JVC Kamdar Property Development has officially announced the launch of 105 Residences by Kamdar, an upscale residential project located in the sought-after Jumeirah Village Circle (JVC). Renowned for its prime location,...