Al Habtoor to invest AED 5bn in new Dubai commercial tower
Al Habtoor Group will invest more than AED 5 billion (USD 1.36 billion) in a new commercial tower at Al Habtoor City, signalling strong confidence in Dubai’s economic outlook.
Al Habtoor Group will invest more than AED 5 billion (USD 1.36 billion) in a new commercial tower at Al Habtoor City, signalling strong confidence in Dubai’s economic outlook.
Abu Dhabi's real estate market recorded its strongest quarter on record in Q1 2026, with transactions reaching AED 66 billion across 13,518 deals – a 160.7% increase in value year-on-year, according to the Abu Dhabi Real Estate Centre.
Dubai's property market recorded AED 176.7 billion in sales across nearly 48,000 transactions in Q1 2026, a 23.4% year-on-year increase in value and 5.5% rise in volume, according to fäm Properties.
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.
Dubai's property market defied its traditional Ramadan slowdown, recording 15,196 transactions worth AED 50.58 billion between 18 February and 19 March – a 29.7 percent year-on-year increase in value and a 5.63% rise in volume.
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.
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.
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.
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.
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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