Category Archives: Real Estate

Real Estate

“Reportage Properties” Managing Director on the top 50 UAE real estate leaders’ list

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Abu Dhabi : August 15,2024:

“Finance World”, the prominent  financial and business  magazine in the Middle East and North Africa,  ranked Andrea Nucera, the Managing Director of Reportage Properties, on the 2024 list of the top 50 leaders in the UAE real estate sector. The magazine  shed light on the leaders who reshaped the real estate sector  and set global standards for urban innovation.

Andrea Nucera, who held his current position since Reportage Properties inception in 2014, is one of the prominent leaders in the local and regional real estate sector.

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Real Estate

Monaco’s Panorama Properties Meets with Dubai’s Top Developer Omniyat for Potential Collaboration

In a significant move for the luxury real estate market, Monaco’s Panorama Properties, led by founder Alessandro Ponzi, recently held a meeting with Dubai’s renowned developer, Omniyat. During the meeting, Omniyat presented its latest project, Ela Residences. This luxurious development is set to redefine high-end living in Dubai, featuring state-of-the-art amenities, stunning architectural design, and an exclusive location.

Alessandro Ponzi, founder of Panorama Properties Monaco

A unique alliance between Zaha Hadid Architecture and The Dorchester Collection, with a small limited number of units available, Ela Residences offers unparalleled privacy and luxury, making it a highly sought-after address in the region.

The discussion centred on potential future collaborations between Panorama Properties and Omniyat, with both parties expressing enthusiasm for the opportunities ahead. Alessandro Ponzi highlighted the potential synergy between Monaco’s discerning clientele and Omniyat’s cutting-edge developments in Dubai, signalling a promising partnership in the making.

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Real Estate

VeriEstate to debut as Dubai’s premier proptech startup with groundbreaking inspection and listing platform

Upcoming property assessment and listing app uses technology to create a transparent and sustainable real estate market

Aug 14th, Dubai, UAE: VeriEstate, a Dubai-based proptech startup, is set to transform the real estate industry with its innovative all-in-one property assessment platform. Registered with the DIFC Innovation Hub, the largest innovation ecosystem in the region, VeriEstate aims to become a one-stop solution for all aspects of real estate, leveraging cutting-edge technology to enhance transparency and efficiency in the market.

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Real Estate

ENBD REIT Announces Sale of Remraam Residential Towers

  • Sale price represents slight premium to 31 March 2024 market value
  • Divestment in line with turnaround strategy for growth and portfolio optimisation
  • Proceeds deployed to reduce debt with LTV down to 49.4%

Dubai, United Arab Emirates, 13 August2024:ENBD REIT(CEIC) PLC (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced the successful sale of the Remraam residential assets at a slight premium to market value at 31 March 2024.

The decision to divest this asset is in line with ENBD REIT’s turnaround strategy to optimize its portfolio with a focus on dividend growth viaproactive asset management. The proceeds from this sale will be utilized to reduce debt, resulting in the LTV ratio dropping to 49.4% from 51%.

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