The boom times continue
Dubai property developer
Latest in Dubai property developer
Damac Properties
Revealed: Dubai tower to feature moving walls, fog forest, hanging garden
DAMAC’s mega-project will be located in Al Safa with futuristic amenities and views of the Dubai skyline
Dubai
Dubai Motor City to see new $436mn project, Takaya
First launch by Union Properties since its debt restructuring, its last project was launched in 2015
Debt restructuring
Dubai’s Union Properties agrees to $162 million debt restructuring plan
The plan comes as part of a wider corporate turnaround strategy
apartments in Dubai
Why has the value of apartments in Dubai’s Business Bay increased 17 percent in two years?
Dubai’s Business Bay has witnessed significant growth helped by the development of new infrastructure and a vibrant residential community
Dubai property developer
Emaar Properties reports record 2021 property sales but experts say market has yet to peak
Dubai’s property market rebounded thanks to government FDI, talent attraction initiatives and UAE’s handling of pandemic with Emaar benefiting from a healthy off-plan market
Damac Properties
Dubai developer Damac narrows losses for first nine months of 2021
Damac has reported a net loss of $130.8m for the first nine months of the year, compared to $253.6m for the same period in 2020
Dubai Financial Market
Shareholders call for dismissal of board of Dubai’s Union Properties
Dubai developer confirms that proposal will be on agenda at annual assembly meeting on October 26
Dubai property developer
Emaar Properties founder forecasts ‘best year’ on record for company
Mohamed Alabbar confident Dubai’s oversupply issues in the real estate sector have stabilised
Damac Properties
Dubai’s Damac calls meeting to discuss offer from Maple Invest Co
Developer says board will meet on October 5 to consider offer and whether to recommend it to shareholders
Azizi Developments
Dubai developer sees surge in Saudi investors after lifting of Covid flights ban
Azizi Developments says the demand from Saudi buyers increased by more than 40% in its Dubai projects last month
Damac Properties
Damac founder relaunches partial offer to take Dubai developer private
Hussain Sajwani’s Maple Invest Co says update to $595m offer made in June is expected within 14 days
Damac Properties
Dubai-based Damac narrows losses in second quarter
Developer reported a net loss of $27.5m for the second quarter of the year, compared to $76.2m for the same period in 2020
Dubai construction sector
Dubai’s Union Properties announces $7.3m profit for Q2 amid emirate’s property boom
Real estate developer’s profits increased by 483% in the second quarter of the year, compared to Q1, as Dubai’s economy continues to chart a recovery from coronavirus
Dubai property developer
Dubai’s Emaar Properties sees H1 net profit dip despite record property sales
Real estate giant says property sales jumped by 229% in the first half of 2021 to $4.6bn
Business Bay
Dubai developer launches twin-tower project in Business Bay
Wasl Properties says Tiara United Towers will comprise a total of 849 units across two towers
acquisitions
Sajwani postpones offer to buy remaining Damac shares
Billionaire businessman previously made an offer to take over the rest of the Dubai developer’s shares at a discount through his investment company Maple Invest Co Limited