Equitativa (Dubai) Limited has announced that one of its key units Emirates REIT is set to distribute an interim dividend of $7.5 million or $0.023499 per ordinary share for the six-month period ended June 30.
Richmind, a UAE-focused real estate developer, has announced that it has reached a significant new milestone in the development of Oystra, its landmark luxury waterfront project on Al Marjan Island in Ras Al Khaimah, completing the shoring works as construction continues to advance.
Dubai's residential real estate market has seen a significant drop in transaction volumes as a result of the Middle East war. However, specific segments of the market are now experiencing a price correction, albeit a moderate one, according to S&P Global Ratings.
Agreements worth more than RO550 million ($1.43 billion) were sealed at the Urban, Home & Building Expo and Conference in Oman covering some of the leading sectors including tourism, real estate, food security and housing, said a report.
The Dubai real estate market recorded 37,429 sales transactions worth AED92.9 billion ($25.3 billion) in Q3 as primary sales from developers continued to outpace resales, and the rental sector remained on track to set an all-time record, said a report, adding Dubai South lead the off-plan sales for seventh consecutive month.
AW Rostamani Group (AWR Group) has unveiled a refreshed brand identity for its real estate arm AWR Properties, marking a new chapter focused on purposeful growth, signalling the next phase in the evolution of one of the UAE's longest-established real estate owners and operators.
Saudi-based Abdullah Al Othaim Investment Company has launched a dedicated real estate development arm, Al Othaim Developments, with plans to invest over SAR16 billion ($4.27 billion) in about 10 projects comprising 8,000 residential units across several Saudi cities over the next two years.
Arabian Dyar Real Estate Development Company has announced a strategic partnership with Google, marking the launch of a new phase in its transformation into a real estate intelligence company.
Sobha Realty has announced a contribution of AED500 million ($136.15 million) for an endowment supporting the Arab Reading Challenge initiative.
Sobha Realty has commenced operations in the United States and Australia, securing land for its initial residential projects in North Dallas, Texas, and Southeast Queensland.
