News Real Estate

Sharjah real estate transactions hit AED 4.6bn during Ramadan

Sharjah’s property market recorded strong momentum during Ramadan 2026, with total transactions reaching AED 4.6 billion, marking a 71.8% increase year-on-year.

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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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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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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 Real Estate

Kuwait real estate market surges 69.6% in value

Kuwait’s property market recorded strong growth in February, with total transaction value rising 69.6% year-on-year to KD 615.83 million.

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News Real Estate

Aldar secures USD 1bn from Apollo as profit and sales surge

Aldar Properties has raised USD 1 billion through subordinated hybrid notes issued to Apollo Global Management, taking Apollo’s total investment in the developer to USD 2.9 billion since 2022.

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News Real Estate

Ajman records AED 1.06 bn in real estate valuations in January 2026

Ajman recorded AED 1.06 billion in total real estate valuation transactions in January 2026, reflecting steady activity across commercial, residential and industrial segments.

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News Real Estate

UAE VR market set to reach AED 1.6bn as real estate drives growth

The United Arab Emirates immersive virtual reality market is projected to grow to AED 1.6 billion by 2030, up from AED 366 million in 2024, as adoption accelerates across sectors led by real estate.

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