Real estate

Something special in the air

High quality indoor air has more dimensions than might first meet the eye. Besides providing freshness and comfort for those working in a building, it can significantly improve work efficiency.  Research shows that when it comes to demanding working environments, such as professional restaurant kitchens, good ventilation plays an important role also in saving energy costs – and even lives. In...

Emaar Development recorded a 25% increase in property sales, reaching AED 28.9 billion (US$ 7.9 billion) and 43% increase in net profit to AED 4.1 billion (US$ 1.1 billion) for the first nine months of 2023

  Dubai, United Arab Emirates- November 9, 2023: Emaar Development PJSC (DFM: EMAARDEV), the UAE's premier property development company specialising in build-to-sell property development business, that is majority-owned by Emaar Properties PJSC (DFM: EMAAR), sustained its momentum in property sales in the third quarter (July to September) of 2023 as well. The company's property sales increased by...

Emaar Records 42% Growth in Net Profit and Group Property Sales of AED 31.1 billion (US$ 8.5 billion) in the first 9 months of 2023

Dubai, United Arab Emirates – November 09, 2023: Emaar Properties PJSC (DFM: EMAAR) announced its financial results for the first nine months of 2023 demonstrating operational excellence and sustained growth across its diverse portfolio. Key Accomplishment Highlights Emaar recorded nine-month 2023 revenues of AED 18.4 billion (US$ 5.0 billion) with net profit of AED 8.2 billion (US$ 2.2 billion)...

V-Marine Unveils Rise 55: The Exceptional Houseboat Redefining Luxury Living on Water

V-Marine is proud to share that the Rise 55 has already secured its first two sales, with the first one set to be delivered in Qatar this August, followed by the second sale in Kuwait. The Rise 55 boasts an unparalleled blend of elegance and functionality, setting new standards for houseboat design. With its innovative architecture and sleek lines, this houseboat presents a stunning presence on...

V-Marine Set to Make a Splash in UAE with Grand Opening of New Location

  V-Marine, a leading provider of houseboats and floating resorts, is proud to announce the opening of its commercial office in Dubai, UAE. The new office will be led by Giovanni Sorrentino, a well-known figure in the yacht industry for his collaborations with European and GCC yards such as Silent Yacht, an award-winning company for sustainable yacht industry, and Tecnomar for Lamborghini....

Emaar Development Acknowledges its Robust Performance for 2022 at its Annual General Meeting

Dubai, United Arab Emirates – 18 April 2023: Today, on April 18, 2022, Emaar Development PJSC (DFM: EMAARDEV) held its Annual General Meeting (AGM) where the Board of Directors reported Emaar's strong performance for 2022. At the AGM, shareholders approved the Board of Directors' proposal to distribute dividend of AED 2.081 billion (US$ 567 million) which equals to 52% of the share capital (~AED...

Emaar Properties Highlights Resilient Performance at its Annual General Meeting

Dubai, United Arab Emirates; 17 April 2023: Today, 17 April 2023, Emaar Properties PJSC (DFM: EMAAR) held its Annual General Meeting (AGM) where the Board of Directors reported the company's strong performance in 2022 and discussed the rigorous measures taken to ensure continued robust business performance throughout the year. At the AGM, shareholders approved the Board of Directors' proposal to...

La Fonda partners with Francorp Middle East with a mission to provide a unique and innovate quality range of food solutions to the middle east and the world.

La Fonda to expand in the Middle East and Gulf region in 2023-2024. La Fonda is a Moroccan company that is specialized in premium halal meat processing and gourmet products with its own network of exclusive shops based in the most important cities of the country. The processing unit has an integrated halal poultry slaughterhouse and is IFS V6 certified. La Fonda exists since 1994. LAFONDA’s goals...

Emaar Development records property sales of AED 30.713 billion (US$ 8.362 billion) in 2022, an increase of 12% over 2021

Dubai, United Arab Emirates - February 14, 2023: Emaar Development PJSC (DFM: EMAARDEV), the UAE build-to-sell property development business, majority-owned by Emaar Properties PJSC (DFM: EMAAR) recorded an increase of 12% in property sales to AED 30.713 billion (US$ 8.362 billion) compared to AED 27.440 billion (US$ 7.471 billion) in 2021. This performance was a result of Emaar’s successful...

Emaar announces record property sales of AED 35.1 billion (US$ 9.5 billion) and EBITDA increased by 18%

Dubai, United Arab Emirates – 14 February 2023: Emaar Properties PJSC (DFM: EMAAR) reported continued improvement in its property sales, growth in profitability and marked improvement in the performance of recurring revenue businesses in 2022. Key Accomplishment Highlights Emaar recognised revenue of AED 24.9 billion (US$ 6.8 billion) in 2022, supported by the continuous strengthening of the...

Commercial real estate market continues to soar in Dubai

  CRC, a Betterhomes Group company and Dubai’s largest commercial real estate agency, released their Q1 2022 Dubai Commercial Property Market Report, which provides an in-depth overview of Dubai's commercial real estate over the past quarter. The first quarter of 2022 has proven that the Dubai Real Estate market continues to soar. The commercial real estate market's remarkable post-pandemic...

Demand and prices on the rise for townhouses and apartments in Q1 2022

Consistent with the increased transactions and values last year, 2022 is shaping up to be a great one for Dubai’s property sector. In its first quarter, the residential property market only kept moving forward with a marked uptick in sales transactions and values.  DLD figures showed the real estate market’s continued growth with an 81% increase in transactions quarter-on-quarter. Prices have...

Expo 2020: big deficit in sustainability demands industry and academics to foster partnerships

He described the main challenges faced by the world, and stated, “There’s now a peace deficit in Europe and the numbers of refugees is rising. There’s also a big deficit in sustainability and I think that’s where academics can really play a part by working with industry. The third main deficit is a deficit of equality. The number of people living in poverty has increased for first time since...

People Do Not React to Sustainability but to Their Own Experiences

"Behind sustainable choices is not the actual sustainability of the company, organization, or brand, but the sustainability experience," writes Timo Järvinen, CEO of the Finnish empathy analytics company NayaDaya Inc. If we split the core of sustainability, in addition to the ecological, social, and economical consequences of our actions, we will find something that has a decisive impact on...

The MENA Regional Chapter of UN PRME has collaborated with De Montfort University Dubai to establish the 9th MENA PRME Forum and Conference.

All are welcome to these free events at the DMU Dubai Campus and online. Register now for the Conference and Gala. See the event programmes here.The Conference, Forum and Gala are a collaboration between the UN PRME MENA Chapter member academics, their institutions and De Montfort University Dubai. The event will investigate the possibilities for leveraging change through responsible management...