Real Estate

DAMAC Hills 2 Community Emerges as One of the Highest Transacted in the UAE

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DAMAC Hills 2 Community Emerges as One of the Highest Transacted in the UAE

  • As per DLD data, the community shows a consistent rise in the capital value appreciation in villa configurations with seven clusters having recorded double-digit growth (comparison from 2021 to 2023)
  • The ready to move in villa property type was the most sought-after in the community, with 22% growth in 2023 compared to 2021.
  • The end user community recorded a total sale of 11,806 units since inception with high secondary transactions demonstrating the high maturity of the community encouraging investors to hold on to units and enjoy higher rental rates
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Real Estate

Wasl’s Park Views Residences Tower A sells out in 36 hours from launch

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Wasl’s Park Views Residences Tower A sells out in 36 hours from launch

DUBAI, UAE; March 21, 2024:  Wasl, one of Dubai’s largest real estate development and management companies, has achieved a new record having sold all 600 units of Park Views Residences Tower A within 36 hours of launching sales.

The 42-story Park Views Residences Tower A is a part of Wasl1 master development overlooking Zabeel Park in Al Kifaf. Residents can enjoy breath-taking panoramic views of Dubai landmarks, including Dubai Frame and Burj Khalifa. Park Views Residences is well connected to major transportation networks including Sheikh Zayed Road, Dubai Metro (Max Station), and sought-after amenities.

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Business & Investments

Emarat grants Al Maryah Community Bank the first naming rights to its stations

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Emarat grants Al Maryah Community Bank the first naming rights to its stations

  • This marks the inaugural strategic partnership within Project Landmark between Emarat and its partners
  • Al Maryah Community Bank becomes the first entity in both the UAE and globally to secure the rights to name a fuel station
  • The agreement goes beyond commercial promotion to elevate the stations’ presence as a comprehensive and integrated platform
  • Al Shamsi: This step underscores the business community’s confidence in Emarat’s approach and the project’s positive economic impact
  • Khayata: This partnership strengthens our position and improves customers’ experiences through secure, seamless, and fast payments
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Ramadan Kareem

Majid Al Futtaim Expands ‘Feed the Future’ Initiative to Curb Food Waste During Ramadan

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Majid Al Futtaim Expands ‘Feed the Future’ Initiative to Curb Food Waste During Ramadan

Dubai, UAE; 21 March 2024: Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has announced the expansion of its pioneering food rescue programme ‘Feed the Future’ for Ramadan. The programme will leverage brands across its business to reduce food waste and manage surplus and comes as part of the organisation’s efforts to bolster food security in the region.

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Business & Investments

Emirates Stallions Group Secures Additional Dominant Stake in Two Leading UAE Interior Design Firms

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Emirates Stallions Group Secures Additional Dominant Stake in Two Leading UAE Interior Design Firms

Abu Dhabi, UAE, 21 March 2024: Emirates Stallions Group (ADX: ESG), a multifaceted group based in Abu Dhabi leading in Manpower Supply, Staff & Workers Accommodation solutions, actively investing in and operating diverse businesses, developing luxury living spaces, public realms, hospitality and real estate projects and retail services locally and internationally, and a subsidiary of International Holding Company (ADX:IHC), today announced the strategic enhancement of its portfolio with the acquisition of an additional 40% stake in two leading UAE interior design firms, Vision Factory and Decovision. This move marks a significant consolidation of ESG’s foothold in the burgeoning interior design and furniture manufacturing sectors in the UAE.

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