News Real Estate

Dubai off-plan apartment sales hit AED 17.5bn in March despite regional conflict

Dubai's off-plan residential apartment market recorded AED 17.5 billion in sales during March 2026, a 12.9% increase year-on-year, according to analysis of Dubai Land Department data by Al Masdar Al Aqaari.

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News

Whoop targets GCC expansion after UAE and Qatar back $575m fundraising

US wearable technology company Whoop has closed a $575 million Series G funding round at a $10 billion valuation, with participation from Abu Dhabi-listed 2PointZero Group, Mubadala Investment Company and the Qatar Investment Authority.

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Economy News

Emirates NBD raises $2.25bn in tightest-ever syndicated loan pricing

Emirates NBD has secured $2.25 billion in long-term financing, comprising a $1.75 billion five-year syndicated loan – nearly doubled from its $1 billion launch size – and a separate $500 million Sharia-compliant Murabaha facility.

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Economy News

AD Ports Group net profit rises 16% to AED 21bn on double-digit revenue growth

AD Ports Group closed 2025 with revenue up 20 percent year-on-year to AED 21 billion, driven by expansion across its ports, economic cities, free zones, and maritime and shipping clusters.

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Economy News

Dubai launches AED 1bn support package for conflict-hit businesses

Dubai has unveiled an AED 1 billion incentive package to ease financial pressure on businesses and individuals affected by the Iran conflict, effective 1 April and running for three to six months.

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Economy News

Aldar reports AED 30bn active tenders and 3,500 unit handovers targeted for 2026

Abu Dhabi-listed Aldar Properties has 172 active tenders valued at AED 30 billion (USD 8.2 billion) across its development portfolio, with construction underway across 141 sites spanning Abu Dhabi, Dubai and Ras Al Khaimah.

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Economy News

HEISCO to acquire 50% stake in Pure Works & Services for USD 24m

Kuwait-listed Heavy Engineering Industries and Shipbuilding (HEISCO) has received board approval to acquire a 50% stake in Pure Works & Services Company for KD 7.3 million (USD 24 million).

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Economy News

Blackstone makes AED 918m UAE debut with payments firm ADGT

US investment giant Blackstone has committed AED 918m to Advanced Digital Gaming Technology (ADGT), a UAE-headquartered payments and data-intelligence company – marking its first regional investment since the onset of the Iran conflict.

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News

Saudi Arabia’s social responsibility initiatives surpass SAR 5bn in development value

Dubai has reached its highest ever position in the Global Financial Centres Index (GFCI), rising to seventh place globally among 137 assessed centres – the only Middle East financial hub to rank in the top 10, according to Z/Yen Group.

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Economy News

Dubai climbs to seventh in global financial centres ranking

Dubai has reached its highest ever position in the Global Financial Centres Index (GFCI), rising to seventh place globally among 137 assessed centres – the only Middle East financial hub to rank in the top 10, according to Z/Yen Group.

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