Majid Al Futtaim (“the Group”), the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Central Asia, today announced its operational and financial results for the full year 2023. The company demonstrated a resilient financial performance, reflecting its strategic approach to its diverse portfolio of businesses and the strength of its core operations. At year-end 2023,

The UAE has signed a 5 billion euros ($5.5 billion) deal with the Hungarian government to redevelop a neighbourhood in Budapest. Eagle Hills Properties, an Abu Dhabi-based private real estate investment and development company, will partner with the local government in the Hungarian capital to develop an abandoned railway station, Bloomberg reported. The deal signed between the UAE Minister of State for

Abu Dhabi’s largest property developer, Aldar Properties, is expected to start constructing Nouran Living, a boutique mid-rise residential address in Saadiyat Island’s Marina District, in the fourth quarter of 2024. Handovers are anticipated in the fourth quarter of 2027, the Abu Dhabi-listed developer said in a statement. The development will have 372 apartments with prices starting from 750,000 UAE dirhams. Nouran Living has

Alpha Dhabi Holding PJSC (“Alpha Dhabi” or “the Group”), one of the fastest-growing investment holding companies in the MENA region, and National Corporation for Tourism and Hotels (NCTH), the owner and manager of some of Abu Dhabi’s best-known hotels, have completed a strategic transaction which unites 3 of Alpha Dhabi’s hotel businesses within the NCTH portfolio. Alpha Dhabi has a 36.4%

Aldar Properties (“Aldar”) announced today the launch of Nouran Living, a boutique mid-rise residential address in Saadiyat Island’s Marina District, the latest residential and leisure destination that is being activated within the island’s exciting masterplan. The design led development promises aspirational living and marks Aldar’s first residential development in the Marina District, placing residents just a short walk from the leisure

Aldar Properties announced on Wednesday the launch of Nouran Living, a boutique mid-rise residential address in Saadiyat Island’s Marina District, the latest residential and leisure destination that is being activated within the island’s masterplan. The construction of Nouran Living is scheduled to commence in Q4 2024, with handovers expected in Q4 2027. Nouran Living is also distinguished by its location near prominent

Despite global uncertainties, the Middle East economy and the closely intertwined real estate sector have recorded robust performances. This has been driven by the significant expansion in the non-oil sector, especially in Saudi Arabia and the UAE. Both countries have witnessed large-scale economic diversification, with construction and real estate playing pivotal roles in transitioning away from oil dependency. The UAE is

Soon to become a premier address of choice in the city, Four Seasons Private Residences Bahrain Bay is preparing to open its doors and appoints Valencia Albuquerque as Director of Residences to oversee property management and resident experience, delivering Four Seasons legendary service to homeowners in Bahrain. A Four Seasons veteran of 17 years, Albuquerque has long played a role in enriching the lives of

Eagle Hills International, an Abu Dhabi-based real estate investment and development firm, has signed a joint co-operation agreement with Edamah, the real estate arm of Bahrain's sovereign wealth fund Mumtalakat, to set up a new real estate development company - Binaa Al-Bahrain - at a total investment of $4 billion in the kingdom, reported BNA. Announcing the launch today (February 21), Eagle

Kezad Group, a subsidiary of AD Ports Group, is set to transfer the management of approximately 750,000 sq m of its built-up assets to Kezad Assets Management Company (KAMC). KAMC was announced in October 2022 by Kezad Group to focus on managing Kezad Group’s existing built-up assets. Kezad Group currently has approximately 500,000 sq m of built-up assets and another 250,000