Category Archives: Real Estate

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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Real Estate

LiveableCitiesX launches #IAmACityChangeMaker movement to drive urban transformation for sustainable, resilient and liveable cities

  • #IAmACityChangeMaker to mobilize individuals, communities and organizations to take concrete actions toward creating more sustainable and liveable urban environments
  • LiveableCitiesX Summit to feature a two-day program with global perspectives, real-world case studies, and practical talks on transforming urban spaces and uniting the key stakeholders across the urban development value chain.
  • Exhibition to focus on urban transformation through four specialized zones: global city and development visions, infrastructure innovation, sustainable urban living, and everything architecture.
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Real Estate

Danube Properties Hosts”Battle of the Brokers”

Danube Properties Hosts the Middle East’s Largest Brokers Sports Event at Danube Sports World “Battle of the Brokers”

A thrilling, family-friendly extravaganza that welcomed everyone – from industry professionals to their families and kids!

  • Over 2,000 real estate experts from more than 150 companies came together for an unforgettable experience.
  • The epic ‘Battle of the Brokers’ shattered records as the largest and most exciting broker sporting event ever seen in the Middle East!

Dubai, United Arab Emirates – Danube Properties, a leading private developer in the UAE, recently organized another exhilarating edition of its highly anticipated annual event, ‘Battle of the Brokers,’ on Sunday, marking yet another milestone in the company’s commitment to promoting fitness, community engagement, and an active lifestyle in Dubai.

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Real Estate

Ady Fares, “The Eagle of Real Estate” soars in the world of real estate investment

Ady Fares is an expert in the field of real estate investment in Dubai, who was nicknamed “The Eagle of Real Estate”.

He grew up in a family with deep roots in real estate development since he was young. He learned from his father, who was a prominent real estate developer and built properties in Acre and invested in Dubai real estate.

Today, Ady Fares has a rich and extensive experience in the real estate field that benefits individuals and helps them make informed and successful investment decisions in the Dubai real estate market. He provides specialized real estate investment consulting services designed specifically to help individual investors make the right choices when investing.

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