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25 December 05:17 AM

Real Estate

IMKAN and Majestic Group
24 December 06:39 PM IMKAN acquires 51% of Majestic Group to endorse regional infrastructure, development businesses
UAE – Mubasher: Abu Dhabi Capital Group’s (ADCG) subsidiary IMKAN has acquired a 51% stake in Majestic Marine Investments Group, which is focused on marine engineering and marina construction and operates across the UAE and Saudi Arabia. Majestic …
Mergers and Acquisitions
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21 December 10:16 AM Modon unveils Abu Dhabi’s largest construction contract in 2025 at AED 2bn
Abu Dhabi - Mubasher: Modon Holding has awarded the main construction contract for two of its residential developments on Hudayriyat Island, with a total value of AED 5 billion. This contract is the largest awarded for residential in Abu Dhabi in …
Real estate
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16 December 09:15 AM Binghatti, Mercedes-Benz to launch 1st branded city in Dubai at AED 30bn
UAE - Mubasher: Binghatti Developers, Dubai’s largest and fastest-growing property developer, and Mercedes-Benz, unveiled the Mercedes-Benz Places – Binghatti City, a joint development with an investment value of AED 30 billion. The new project …
Real estate
Mirdad Project
15 December 10:37 AM Union Properties launches AED 2bn Mirdad project
Dubai - Mubasher: Union Properties has officially broken ground on its Mirdad project at AED 2 billion in Dubai Motor City, according to a press release The launch marks the company’s second landmark development in the area, supporting its growth …
Real estate
Photo Archive
11 December 02:08 PM Palm Hills inks EGP 866m deal with Incolease, authorizes brand license in UAE
Cairo - Mubasher: The ordinary general meeting (OGM) of Palm Hills Developments Company approved entering into a financial lease deal with International Company for Leasing (Incolease) at a value up to EGP 865.93 million, according to a bourse …
Corporate Actions
Maysan Project
11 December 12:31 PM Modon Holding awards AED 1bn construction contract for Maysan project
Abu Dhabi - Mubasher: Modon Holding has awarded a contract for executing the Maysan project on Reem Island to Trojan Construction Group, at a total value of AED 1 billion. The award covers the construction of two modern and fully integrated …
Real estate
Bashayer
10 December 01:45 PM Modon Holding attracts AED 3bn sales from Bashayer project within one day
Abu Dhabi - Mubasher: Modon Holding has completed the sell-out of Bashayer, the first waterfront residential community on Hudayriyat Island, within one day of the launch. The group registered AED 3 billion in sales amid exceptional demand, …
Real estate
Al Vista Project
9 December 03:59 PM Dubai Investments launches AED 1.3bn Al Vista mixed-use development project
Dubai - Mubasher: Dubai Investments has launched Al Vista, a landmark mixed-use development valued at AED 1.30 billion, which is set to redefine urban living in Meydan Horizon. The development scheme integrates premium residences, commercial …
Companies Investments
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8 December 10:29 AM Aldar, Mubadala launch AED 60bn expansion of Al Maryah Island project
Abu Dhabi - Mubasher: Aldar Properties and Mubadala Investment Company launched a joint venture (JV) to expand Al Maryah Island, with a gross development value exceeding AED 60 billion. The JV further anchors Abu Dhabi’s global position as the …
Companies Investments
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26 November 11:08 AM GFH Partners acquires majority stake in Devmark to foster GCC residential ecosystem
Mubasher: GFH Partners, a subsidiary of GFH Financial Group, owned a majority shareholding in Devmark Real Estate Brokers L.L.C, the UAE’s leading real estate development project sales and marketing platform. The transaction marks GFH Partners’ …
Global Economy
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25 November 12:12 PM SOL Properties records highest residential transaction in Downtown Dubai at AED 174m
UAE - Mubasher: SOL Properties sold the Fairmont Residences Solara Tower Dubai’s triplex sky mansion, located in Downtown Dubai, for AED 174 million, according to a press release. It stands as one of the highest residential transactions recorded …
Real estate
International Holding Company (IHC)
11 November 01:49 PM No Plans to sell stake in Aldar which remains strategic long-term investment – IHC
Abu Dhabi – Mubasher: International Holding Company (IHC) has recently reaffirmed that it does not intend to pursue the sale of its shareholding in Aldar Properties, according to a press release. IHC stated that it currently holds a majority stake …
Corporate Actions
Binghatti Holding listing green Sukuk on Nasdaq Dubai
6 November 04:43 PM Binghatti Holding lists $500m green Sukuk on Nasdaq Dubai
UAE – Mubasher: Nasdaq Dubai has welcomed the listing of a $500 million debut Green Sukuk by Binghatti Holding Limited. The green Sukuk is issued under Binghatti’s $1.50 billion Trust Certificate Issuance Programme and will mature in 2029, …
Trading Activities
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5 November 07:49 PM Deyaar Development sees 24% higher profits in 9M-25
Dubai – Mubasher: Deyaar Development registered net profits after tax valued at AED 406.40 million in the first nine months (9M) of 2025, up 23.70% year-on-year (YoY) from AED 328.46 million. Total sales widened by 39.10% to AED 1.44 billion in …
Financial Results
Photo Archived
29 October 05:28 PM Union Properties registers 162% surge in 9M-25 net profits
Dubai - Mubasher: The net profits after tax of Union Properties reached AED 139.22 million in the first nine months (9M) of 2025, signaling a 162% leap from AED 53.14 million in 9M-24. Revenues from contracts with customers hiked by 32% …
Financial Results
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29 October 08:37 AM Aldar launches AED 3.8bn projects across Abu Dhabi to boost portfolio
Abu Dhabi - Mubasher: Aldar Properties has unveiled AED 3.80 billion in new residential, commercial, and logistics projects across Abu Dhabi, expanding its develop-to-hold pipeline to AED 17.60 billion. The developments reinforce Aldar’s Abu Dhabi …
Real estate
Photo Archive
28 October 11:04 AM Aldar’s net profits near AED 6bn in 9M-25 results
Abu Dhabi – Mubasher: Aldar Properties registered AED 5.96 billion in net profit after tax during the first nine months (9M) of 2025, marking a 30% leap from AED 4.57 billion. Revenues and rental income hiked by 43% to AED 23.55 billion at the end …
Real estate
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28 October 09:09 AM MAIR pens AED 85m land sale deal in Al Reem Island
Abu Dhabi – Mubasher: MAIR Group signed a sale and purchase agreement (SPA) for the sale of a land plot located in Al Reem Island, with a transaction value of AED 85 million. The transaction is part of MAIR’s asset optimization program, through …
Companies Investments
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27 October 01:36 PM Orascom Construction’s subsidiary unveils Four Seasons Telluride project in US
Mubasher: The Weitz Company, a subsidiary of Orascom Construction, served as general contractor for the Four Seasons Resort and Residences Telluride development in the ski resort community of Mountain Village in the US. The project is located on a …
Real estate
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26 October 07:45 AM Emaar launches AED 100bn Dubai Mansions at Emaar Hills
Dubai – Mubasher: Emaar announced the Dubai Mansions project at Emaar Hills, the city’s newest and most prestigious master-planned community, with a total value of AED 100 billion. The new project includes 40,000 ultra-luxury residences, featuring …
Companies Investments
Photo Archive
23 October 06:53 PM RAK Properties’ profits leap 79% in 9M-25; sold units hit 1,412
Abu Dhabi - Mubasher: RAK Properties logged net profits after tax worth AED 216.81 million in the first nine months (9M) of 2025, higher by 79% than AED 121.41 million in 9M-24. Revenues surged by 31% year-on-year (YoY) to AED 1.16 billion in …
Financial Results
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19 October 10:09 AM Arada awards AED 397m contract for Aljada hotel cluster in Sharjah
UAE - Mubasher: Arada has awarded an AED 397 million contract to Modern Building Contracting Company to build the Rove Aljada hotel and Rove Home Aljada branded residences within its AED 35 billion megaproject in Sharjah. The four-block cluster, …
Real estate
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14 October 07:36 PM Aldar’s Yas Living attracts AED 1.3bn in sales within days
Abu Dhabi - Mubasher: Aldar Properties has sold out its Yas Living development within days of launch, generating over AED 1.30 billion in sales, according to a press release. Located on Yas Island, the project drew strong local and international …
Real estate
Photo Archive
2 October 07:20 AM Egypt’s residential market attracts $1.4bn in private capital baked by UAE, KSA
Cairo - Mubasher: Egypt’s real estate market drew $1.40 billion in private capital as demand surges, emerging as one of MENA’s fastest-growing markets. The country now ranks third in construction activity after Saudi Arabia and the UAE, according …
Real estate
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29 September 03:23 PM UAE launches multi-billion housing projects
UAE - Mubasher: The UAE has launched several housing projects in 2025 to boost family stability and enhance living standards, according to the Emirates News Agency (WAM). The Sheikh Zayed housing program approved 2,971 housing applications at a …
Real estate