Category Archives: Real Estate

Real Estate

In line with UAE’s Green Agenda 2030

SOL Properties officially breaks ground on ‘Fairmont Residences Solara Tower Dubai’, applies strict green building principles and energy-efficient technologies

  • The project will implement cutting-edge smart energy management systems, water-efficient fixtures and many other sustainable features to reduce utility bills and carbon footprint.
  • The company has delivered several world-class projects, consolidating luxury and sustainability in the UAE real estate landscape.
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Real Estate

“Reportage Properties” handed off the “Rukan Tower” units in Dubai

Provides 608 residential apartments

“Reportage Properties” handed off the “Rukan Tower” units in Dubai

Abu Dhabi – August 28,2024

Reportage Properties, the leading UAE real estate developer, completed worksin the “Rukan Tower” project in Wadi Al Safa – Dubai Land.

 The company recently held a celebration at the headquarters of “Rukan Tower” on the occasion of  completing works and handing off  the units in the project, attended by His Excellency Aref Al Khouri, Managing Director of Reportage Properties Group, and a large number of customers.

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Real Estate

“ريبورتاج العقارية” تسلم مشروع “ركان تاور” بدبي


يوفر 608 شقق سكنية

“ريبورتاج العقارية” تسلم مشروع “ركان تاور” بدبي.

الإمارات العربية المتحدة، 28أغسطس 2024:أبوظبي

كشفت شركة ريبورتاج العقارية، الشركة الرائدة في مجال التطوير العقاري بالإمارات، عن إنجاز مشروع “ركان تاور” Rukan tower في وادي الصفا – دبي لاند، حيث نظمت الشركة مؤخرا احتفالية بمقر “برج ركان” بمناسبة انتهاء وتسليم المشروع، وذلك بحضور سعادة عارف الخوري العضو المنتدب لمجموعة ريبورتاج العقارية، وعدد كبير من العملاء.

ويوفر “ركان تاور” نحو 608 شقق سكنية بتصاميم متنوعة ومساحات مختلفة، ويتكون من ثلاثة أبراج متصلة، تحيط بها ركان لوفتس ومراكز التسوق ومسارات ركوب الدراجات ونمط حياة متكامل.

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Real Estate

EMIRATES REIT REPORTS 19% YEAR ON YEAR INCREASE IN H1 2024 OPERATING PROFIT

Key Highlights for H1 2024

  • Total property income posted year-on-year growth of 12% to USD 40m in H1 2024, driven by:

– Higher occupancy (90.5%)

– Higher lease rates (+10%)

  • Property operating expenses declined 3% year-on-year
  • Operating profit increased by 19% year-on-year to reach USD 25m, up from USD 21m in H1 2023
  • Rising Sukuk costs continued to negatively impact the REIT’s performance
  • Funds From Operations (“FFO”) improved whilst remaining negative at USD 1.5m for H1 2024 (H1 2023: negative USD 3.6m)
  • NAV per share grew by 34% year-on-year to USD 1.76, which is an all-time high
  • Finance To Value decreased year-on-year 6 p.p. to 40%, its lowest level since 2016
  • Value of Investment Properties increased by 18% year-on-year, with total assets reaching USD 1.1bn
Thierry Delvaux - Equitativa

Dubai, United Arab Emirates. 27 August 2024 – Equitativa (Dubai) Limited (“Equitativa”), manager of Emirates REIT (CEIC) PLC (“Emirates REIT” or the “REIT”), today reported financial results for the half year ended June 30, 2024, for Emirates REIT.

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Real Estate

Galaxy Realty expands into Dubai with landmark project: Jardin Astral by Galaxy

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Dubai, UAE, 27 August 2024– Galaxy Realty, a renowned name in Indian luxury real estate with a legacy spanning over three decades, is making its grand entry into the dynamic Dubai market. Known for its excellence in South India and Kerala, Galaxy Realty is set to redefine urban luxury living in the UAE with the launch of its newest residential project, Jardin Astral by Galaxy.

Galaxy Realty has earned a reputation for delivering unparalleled luxury experiences, boasting a portfolio of 22 distinguished projects, including 16 successful deliveries and 6 upcoming developments. With over 1,500,000 square feet of luxury living space and 900+ satisfied clients, Galaxy Realty stands as a leader in the industry, driven by the visionary leadership of Mr. P.M. Kunhamad.

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