Metropolitan Premium Properties closes sale of $24.6mn Tilal Al Ghaf villa

Metropolitan Premium Properties (MPP) has closed the biggest single unit transaction in its history – a US $24.6mn sale of a prime...

Industry News

Dubai Chamber of Commerce unveils four business groups to boost construction sector

In a bid to support and boost the growth of the construction sector in the emirate, the Dubai Chamber of Commerce has...

Property

Aldar Properties forms JV with Dubai Holding to enter Dubai market

Aldar Properties has signed an agreement with Dubai Holding to set up a joint venture (JV) entity for developing new living experiences...

Construction

Azizi’s Park Avenue II set for Q2 handover

UAE-based Azizi Developments has announced that work is rapidly progressing on its premium project, Park Avenue II, a residential community in Mohammed...

Property

ENBD REIT sees boost in asset values in Q3 2022

ENBD REIT announced that its net asset value (NAV) for the third quarter of 2022 rose to US $173mn ($0.69 per share),...

Infrastructure

DEWA spends $871mn on new projects in 2022

Dubai Electricity and Water Authority (DEWA) last year inaugurated 17 new substations including 15 132kV stations with a conversion capacity of 2,280MVA;...

Construction

Azizi Park Avenue I project 58% complete

UAE-based Azizi Developments has announced that 58% of construction works has been completed on its premium off-plan project Park Avenue I, located...

Financial

Global Partners successfully closes $212mn build-to-rent property fund

Global Partners Limited, a DFSA regulated institutional fund manager specialising in alternative investments, has successfully closed Global Partners Property Fund I (CEIC)...