Category Archives: Real Estate

Real Estate

IPS 2024 Readies for Grand Opening on Tuesday at the Dubai World Trade Centre

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IPS 2024 Readies for Grand Opening on Tuesday at the Dubai World Trade Centre

Dubai, UAE, 26 February, 2024: The 20th edition of the International Property Show (IPS) 2024 will kick off at the Dubai World Trade Centre on Tuesday, February 27, which is known as the leading platform for showcasing local and international real estate projects in the Middle East.

The event aims to highlight the latest trends and in the global real estate industry, showcasing commercial and residential real estate projects to a worldwide audience of investors, homebuyers, professionals, and real estate industry leaders.

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Real Estate

Binghatti’s First Bond Market Debut Soars at Over 200% Subscription

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Binghatti’s First Bond Market Debut Soars at Over 200% Subscription

The leading Dubai real estate developer Binghatti, has achieved a significant milestone with the successful launch of its inaugural USD 300 million 3-year Sukuk issuance. Priced competitively at 9.625%, the Sukuk experienced a tightening of approximately 30 basis points, demonstrating strong investor demand and confidence.

This transaction garnered widespread demand from both regional and international investors, with the order book peaking at an impressive 2.1 times subscription. The order book reached excess of USD 600 million, peaking at USD 621 million, underscoring the robust demand for Binghatti’s Sukuk offering.

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Real Estate

Dubai Property Market Strengthens in 2023, Led by Residential’s Best Year on Record

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Dubai Property Market Strengthens in 2023, Led by Residential’s Best Year on Record

  • Residential transaction activity grew by 29% y-o-y to an all-time high of 118,200 units
  • The office real estate market witnessed a surge in demand in 2023, with some developments seeing yearly rental increases of more than 40%
  • The industrial and logistics sector in Dubai was among the most resilient real estate asset class in the city

Dubai’s real estate market has seen steady growth over the past year, driven by the increase in expatriate population, policies such as the recent change to the rules for real estate investors to qualify for the Golden Visa, and Dubai’s growing and diversified economy overall. Savills, a global real estate services provider, released the Dubai Property Market report for 2023, which revealed a robust year across different sectors in Dubai’s real estate market.

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Real Estate

LEOS Developments Sells Out Cavendish Square in Record Time

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LEOS Developments Sells Out Cavendish Square in Record Time

February 2024, Dubai UAE: In a testament to its unwavering allure and unmatched appeal, LEOS Developments has achieved an extraordinary milestone by selling out its latest residential gem, Cavendish Square, in record time.

Cavendish Square marks the third prestigious residential community unveiled by LEOS Developments in Dubai, marking an impressive streak of three successful launches within the last 10 months. Nestled in the heart of Jumeirah Village Triangle, Cavendish Square epitomises elevated living with its timeless appeal and meticulously crafted low-rise residential and lifestyle development.

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Real Estate

Bloom Holding Launches Seville

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Bloom Holding Launches Seville, An Exceptional Lakeside Community In Abu Dhabi

The fifth phase of Bloom Living offers the project’s first luxury mansions, in addition to high-endvillas and townhouses that provideresidents with spectacular lake views, top-class amenities, and apremium community living experience.

Abu Dhabi – UAE, 21February2024: Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the launch of‘Seville’, the fifth phase of its fully integrated and all-inclusive community in Abu Dhabi, Bloom Living.

Inspired by the Mediterranean Spanish architectureand elevated by the comfort of modern living, Sevilleis the first of Bloom’s offerings in 2024. The fifth phase of Bloom Living will featureresidential units with premium lakeside views ranging from the community’s first seven-bedroom mansions,three to six-bedroom villas,as well astwo and three-bedroom townhouses, each with generous living space and access to top-class amenities within the community.

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