All posts by uaenews247

Real Estate

Freehold areas boost the Dubai real estate market

Converting private properties in Sheikh Zayed and Al Jaddaf areas to freehold, enhances the marketplace value of properties.

– Converting to freehold makes real estate investment in Dubai attractive and flexible

– Property owners will benefit from the price change resulting from converting Sheikh Zayed and Al Jaddaf areas to freehold

Walid Al Zarooni

Dubai, United Arab Emirates

 Tuesday, January 28, 2025

“W Capital”, the Dubai-based real estate brokerage, confirmed that the land mark initiative of the Dubai Land Department DLD, allowing owners of private properties in the Sheikh Zayed Road and Al Jaddaf areas to convert their ownerships to freehold has positive long-term effects and enhances the investment climate in these two areas, making them available to all nationalities, and in the emirate as a whole, and supports flexibility and sustainability within the real estate sector.

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Featured

Emirates Park Zoo & Resort eliminates 51,000 Kg of carbon emissions through Sparklo’s innovative recycling solution

Abu Dhabi – January 28, 2025: Emirates Park Zoo & Resort (EPZR) has made significant strides in sustainability by collecting over 342,919 plastic bottles and aluminium cans, reducing carbon emissions by over 51,000 kilograms to date.

This impressive achievement has been made possible through a partnership with Sparklo, a global cleantech company. The initiative has seen strong community engagement, with over 1,400 zoo visitors participating in the recycling efforts, underscoring a collective commitment to environmental conservation.

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Featured

Falcon Group’s precision engineering powers UAE’s most advanced satellite, MBZ-SAT

Falcon Group of Companies
After powering the UAE’s most advanced satellite, MBZ-SAT,
homegrown leader in precision engineering looks to the future.

Dubai, UAE – January 31, 2025: The successful launch of MBZ-SAT, the most advanced Earth observation satellite developed by the UAE, marks a defining moment for the nation’s burgeoning space programme. This milestone is a testament to the UAE’s ambitions in space exploration and a shining example of the “Make It In The Emirates” initiative championed by the UAE government.

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Real Estate

Union Properties achieves total of AED 1.3 billion in plot sales, demonstrating strong growth and market position

UAE, January 28, 2025: Union Properties PJSC (“Union Properties” or the “Company”) (DFM symbol: UPP), sold over AED 1.3 billion worth of plots, since the announcement of its 5-year turnaround strategy in April 2023, marking a significant milestone in the Company’s growth journey.

This impressive sales figure underscores the Company’s success in achieving its declared plans. By leveraging market trends and optimising portfolio performance, Union Properties continues to hit its milestones in accordance with its 5-year strategic plans to create value for its shareholders.

Continue reading Union Properties achieves total of AED 1.3 billion in plot sales, demonstrating strong growth and market position →