Browsing: Real estate

Banking

ADCB to Sell 80% Stake in Abu Dhabi Commercial Properties

Abu Dhabi Commercial Bank has agreed to sell 80% of its stake in Abu Dhabi Commercial Properties (ADCP) to Nine Yards Plus Holding, a subsidiary of Ethmar International Holding based in Abu Dhabi. The announcement was made by the bank on Thursday

Business

Dubai’s Rental Market Sees Remarkable Growth of 110%

Dubai experienced a remarkable 110 percent year-on-year increase in tenant registrations for rentals last month. Landlords responded by listing 91 percent more properties, indicating a shift towards a more landlord-friendly real estate market in the city, as reported in Allsopp & Allsopp’s latest market analysis.

Business

Hamdan bin Mohammed Inaugurates 44th Big 5 Exhibition

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, stated that Dubai has become a hub for sustainability and innovation due to the various events and exhibitions it hosts annually. These events attract leading minds and showcase innovations across diverse sectors, including construction, where fourth industrial revolution technologies like AI are employed to build resilient infrastructure crucial for sustainable development.

Business

Dubai’s Eywa Luxury Residences Prices Unveiled

Open AD will supervise the initiative as the concept and design architect, Brewer Smith Brewer Group (BSBG) will serve as the executive architect, and Christie’s International Real Estate Dubai has been appointed as the exclusive real estate broker.