Category Archives: Real Estate

Real Estate

EMIRATES REIT ACHIEVES HIGHEST EVER PROPERTY INCOME

EMIRATES REIT ACHIEVES HIGHEST EVER PROPERTY INCOME

Key Highlights for FY 2023

  • Total property income posted year-on-year growth of 10% to USD 74m, highest value ever
  • Operating profit rose 37% to reach USD 44m for the Financial Year
  • Net Asset Value grew by 34% to close at USD 500m – a NAV per share of USD 1.57
  • Value of Investment Properties increased by 18% to USD 924m
  • Total Assets crossed USD 1bn, to USD 1,037m
  • Occupancy across the portfolio increased by 1.7 p.p. to 86%
  • Finance To Value decreased by 7.3 p.p. to 43%

Thierry Delvaux, Chief Executive Officer of Equitativa

Dubai, 17 April 2024 – Equitativa (Dubai) Limited (“Equitativa”), manager of Emirates REIT (CEIC) PLC (“Emirates REIT” or the “REIT”), today reported FY 2023 financial results for Emirates REIT. The REIT experienced strong growth, with record property income.

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Real Estate

Central Park Towers, DIFC, Takes Office Spaces to the Next Level with the Introduction of Fitted Offices

Central Park Towers, DIFC, Takes Office Spaces to the Next Level with the Introduction of Fitted Offices – Level 2, Raising the Bar for Excellence

April 2024 – Dubai, UAE: Central Park Towers, the esteemed office and event destination in Dubai International Financial Centre (DIFC), proudly announces the launch of Fitted Offices – Level 2, a significant addition to its portfolio of premium office spaces. Scheduled for unveiling this month, this new offering continues Central Park Towers’ commitment to delivering unrivaled quality and convenience to businesses in the heart of DIFC.

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Real Estate

Almal Real Estate Development Unveils Flagship Luxury Hotel and Residences Development in Al Marjan Island

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Almal Real Estate Development Unveils Flagship Luxury Hotel and Residences Development in Al Marjan Island; Palladium Hotel Group to manage operations under the renowned brand Ushuaïa Unexpected Hotels & Residences​

A new era of luxury and entertainment in hospitality: Almal Real Estate Development, an award-winning UAE-based luxury developer, announces an exhilarating project on Al Marjan Island, attracting over 100 million USD in investments and appointing a reputed Spanish hotel operator to oversee its management

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Entertainment & Celebrity, Real Estate

Salman Khan’s Being Strong partners with Danube Properties Dubai

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Salman Khan’s Being Strong partners with Danube Properties Dubai to take fitness to the next level

Diamondz, a luxurious project by Danube Properties Dubai, becomes the first destination in the Middle East to launch a gym with Salman Khan’s Being Strong Fitness Equipment

April 16, 2024, UAE/ India

Danube Properties, the fastest-growing private real estate developer in the United Arab Emirates (UAE), becomes the first to launch a gym designed using Salman Khan’s ‘Being Strong Fitness Equipment’ range. Situated within its latest iconic 65-storeyed skyscraper named Diamondz at Jumeirah Lake Tower in Dubai, UAE; this cutting-edge facility is set to revolutionise the fitness experience for customers keen to enjoy a healthy lifestyle by following a quality fitness regime. Diamondz by Danube is slated to be launched in Dubai on April 18.

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Real Estate

“W Capital” latest study-AED44.5bn Dubai off-plan real estate sales in Q1 2024

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“W Capital” latest study–AED44.5bn Dubai off-plan real estate sales in Q1 2024

  • 24% annual growth in off-plan property sales  value
  • Dubai Maritime City tops the list with the highest demand for off-plan sales, AED 4.24bn
  • AED500bn in real estate sales expected in 2024
  • Off-plan sales activity comes in light of a group of buyers preferences to bank on the revenues,

Walid Al Zarooni

Dubai, April 6,2024:W Capital- the leading Dubai real estate brokerage – assessed off-plan real estate sales growth in the first quarter of 2024.The study expected 24% growth in sales to AED44.52bn, compared to AED35.9bn in the same period in 2023.

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