News Real Estate

Drake & Scull revenue more than doubles to AED 224m

Drake & Scull International reported strong growth in 2025, with revenue rising 116% year-on-year to AED 224 million (USD 61 million), driven by accelerating project execution and order book conversion across key markets.

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News Real Estate

Majid Al Futtaim profit jumps 41% to AED 3.6bn in FY25

Majid Al Futtaim Holding reported strong financial performance in FY2025, with net profit rising 41% year-on-year to AED 3.6 billion (USD 980 million), supported by growth across its malls, hotels, real estate and e-commerce divisions.

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News Real Estate

S&P affirms Ras Al Khaimah ‘A’ rating with stable outlook

S&P Global has affirmed Ras Al Khaimah’s long-term and short-term credit ratings at ‘A/A-1’ with a stable outlook, citing prudent fiscal management and strong financial buffers that are expected to support economic stability over the next two to three years.

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News Real Estate

Manchester City Yas Residences records USD 1.6bn sales in 72 hours

Ohana Development has reported record demand for its Manchester City Yas Residences project in Abu Dhabi, generating AED 6 billion (USD 1.63 billion) in sales within 72 hours of launch.

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Opinion

Beyond the tray: How catering shapes the healthcare experience in Dubai

In Dubai's competitive private healthcare market, where local and international patients choose between, what are essentially, clinically equivalent facilities, the differentiator is no longer what care is delivered, it's how it feels to receive it.

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News Real Estate

Qatar real estate deals reach USD 744m in February

Qatar’s property market recorded strong momentum in February 2026, with total real estate transactions reaching QR 2.709 billion (USD 744 million) across 508 deals.

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News

ADIA backs private credit firm Dignari with new investment

A unit of the Abu Dhabi Investment Authority has invested in Hong Kong-based private credit manager Dignari Capital Partners, committing capital to its Asia Pacific Developed Markets Private Credit Strategy.

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News

Arada awards AED 2 billon in contracts for Aljada as sales surge

Arada has awarded two construction contracts worth AED 2 billion for new residential blocks within its flagship Aljada development in Sharjah, as demand for homes across its projects continues to accelerate.

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News

Dar Global revenue surpasses USD 539m as luxury projects expand

Dar Global reported strong financial growth in FY2025, with revenue more than doubling year-on-year to USD 539 million compared with USD 240 million in 2024.

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News

Beehive and Themar partner to expand SME financing in Saudi Arabia

Beehive has signed a non-binding offer letter with Saudi crowdfunding platform Themar to expand regulated SME lending in the Kingdom.

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