Daily Archives: July 29, 2025

Business & Investments, Real Estate

Modon Holding delivers outstanding AED 2.1 billion H1 2025 Net Profit, with continued momentum across core segments supported by record AED 10 billion real estate sales and strategic investments

  • Group revenue triples year-on-year to AED 6.5 billion, led by strong real estate performance and growth in recurring revenue streams.
  • Group net profit surges to AED 2.1 billion, 4.2x higher year-on-year, after excluding one-off items in H1 2024,driven by strong contributions across all core segments.
  • Real Estate sales were AED 10 billion withGroup revenue backlog reaching AED 33 billion across all segments.
  • Recurring income streams strengthen across Asset Management, Hospitality, and Events, Catering & Tourism segments.

H.E. JASSEM MOHAMMED BU ATABA AL ZAABI CHAIRMAN OF MODON HOLDING

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Real Estate

Off-Plan Apartment Sales Surge 43% in Q2 2025 to AED 60.15 Billion, Signalling Global Confidence in City’s Growth Trajectory

JVC, Business Bay and Dubai Residence Complex lead demand; Off-plan townhouses capture 75% of villa segment value in Q2 2025

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Betterhomes has released its Q2 2025 Residential Real Estate Market Report, revealing a strong quarter for Dubai’s off-plan segment, led by robust apartment sales, landmark new project launches, and a deepening investor appetite.

Continue reading Off-Plan Apartment Sales Surge 43% in Q2 2025 to AED 60.15 Billion, Signalling Global Confidence in City’s Growth Trajectory →
Technologies

Exotel’s Intelligent Communication Platform Enhances Patient Care and Efficiency at Medcare Hospitals

No-show rates drop by 75%; nurses gain back over an hour daily for core care activities

Dubai, UAE – July29, 2025: Exotel, a leading customer engagement platform, has partnered with Medcare—one of the UAE’s premier healthcare providers—to successfully implement its automated communication solution. In their continuous quest to drive excellence, managing patient appointments and optimizing staff utilization emerged as key operational priorities. The collaboration has resulted in significant improvements in appointment management, a reduction in patient no-shows, enhanced staff efficiency, and an overall boost to the patient experience.

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Business & Investments

Al Fardan Exchange Deepens Ties with Pakistani Community in the UAE via Upgraded Consulate Centre

  • Upgraded consulate reopens with self-service kiosk and customer engagement centre powered by Al Fardan Exchange to better serve Pakistani residents in the UAE
  • Remittances from the Pakistani community in the UAE will exceed $7 billion in 2025

29July 2025, Dubai, United Arab Emirates: Al Fardan Exchange, one of the UAE’s most trusted and long-standing financial services providers, has supported the renovation and infrastructure upgrades of the Consulate General of Pakistan, Dubai. As part of this enhanced experience, the consulate now features a dedicated Customer Engagement Centre powered by Al Fardan Exchange.This joint effort is designed to enhance the consular experience while bringing trusted financial services closer to an estimated 1.6 million Pakistani nationals residing in the UAE.

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Business & Investments

Arab Bank Group Profits Grow by 6% to $535 Million for the First Half of 2025

 

Arab Bank Group reported solid results for the first half of 2025, with 6% increase in net income after tax reaching $535.3 million as compared to $502.8 million for the same period last year. The Group maintained its strong capital base with a total equity of $12.5billion.

The Group’s Assets grew by 9% to reach $75.2 billion, loans of $39.8 billion showed a net growth by 6%, and deposits grew by 9% to reach $55.3 billion.

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