News

Binghatti Holding recorded real estate sales of $1.6 billion (AED 5.88 billion) during the first quarter of 2026, selling over 4,000 units, driven by strong demand for its residential projects in Dubai.

The Middle East real estate market continues its rapid growth, driven by expanding infrastructure projects and increased investment in non-oil sectors.

Dubai’s real estate market recorded its highest monthly value for off-plan apartment sales in April 2026, according to an analysis by Almasdar Real Estate of official transaction data from the Dubai Land Department.

Aldar Properties recently announced its financial results for the first quarter of 2026, reporting a 20% year-on-year increase in net profit after tax to $626.7 million (AED 2.3 billion) ,Earnings per share also rose by 25% to $0.07 (AED 0.25).

Alef Group recently awarded construction contracts worth over $204 million (AED 750 million) to begin the final phase of the Hayyan project, which includes more than 700 residential units.

Revenue increased by 41% to AED 17.6 billion (US$ 4.8 billion). Revenue Backlog increased by 44% to AED 120.4 billion (US$ 32.8 billion) compared to same period last year. EBITDA grows by 49% to AED 8.9 billion (US$ 2.4 billion), maintaining a robust 51% margin. Dubai, United Arab Emirates –...

Deyaar, a major Dubai real estate developer, reported a 38% profit jump in the first quarter of 2024. Their net profit before tax has increased to Dh77.5 million, a 38% increase from Dh56.4 million in the same period last year. This impressive growth was accompanied by a 5% rise in...

Led by Dubai's Crown Prince, Dubai aims to solidify its status as the best city to live in by launching 200 projects under the 'Quality of Life Strategy 2033' The Dubai Quality of Life Strategy 2033 outlines a vision for a city that is environmentally sustainable, well-connected and embodies the...

In a global landscape where economic powerhouses vie for prominence, Dubai stands out as a beacon of prosperity and opulence in the Middle East. Recent reports have highlighted the emirate's remarkable ascent as the wealthiest city in the region, attracting millionaires and billionaires from around the world

Emaar Development, a leading light in the UAE's property development scene, has kicked off 2024 with a bang. The company reported a 50% surge in sales for the first quarter (Q1) compared to the same period last year. This means a significant jump from $2.3 billion (AED8.6 billion) in Q1...