Addressing recent speculation in the press about Roberto Cavalli, the owners of DAMAC Group have given a clear assurance about the future of the business. A DAMAC Group spokesperson said: “Since acquiring the Roberto Cavalli business in 2019, DAMAC have invested significantly in the growth and success of the company. Roberto Cavalli is not for sale. As before, we remain interested in strategic partners who can add value to the business.” Roberto Cavalli Founded in 1970, Roberto Cavalli is a leading Italian brand in fashion, accessories and luxury lifestyle.Defined by a glamorous contemporary aesthetic, the brand is the quintessential expression of Italian excellence, craftsmanship

Ellington Properties, Dubai’s leading and award-winning design-led real estate developer, is expanding its footprint into Dubai South, a fast-growing hub for innovation, connectivity, and community-centric living. This strategic move underscores Ellington’s confidence in the area’s long-term potential and marks the company’s first development in the district with the launch of Windsor House. Dubai South is quickly emerging as a key player in Dubai’s urban evolution. Anchored by the expansion of Al Maktoum International Airport, set to become the world’s largest, and the transformation of Expo City Dubai into a global hub for sustainability and innovation, the district is primed for significant economic and lifestyle growth. With

Sikanta Developments – one of Dubai's emerging real estate innovators – has announced the launch of its flagship project, Myra Residences, a distinctive collection of 64 premium homes nestled in the heart of Dubai South. Blending elegance, comfort, and a strong sense of community, Myra sets a new benchmark in boutique living, offering a thoughtfully curated mix of studios, one-bedroom, and two-bedroom residences, designed to elevate everyday life through architectural finesse and lush surroundings. Every detail at Myra has been shaped with purpose – from interconnected swimming pools and tropical landscaping to beautifully designed living spaces by renowned architects. This modern sanctuary

Union Properties PJSC (“Union Properties” or “the Company”) (DFM: UPP) today announced its financial results for the second quarter of 2025, showcasing continued momentum in its transformation journey and solid progress across key operational and financial indicators. The Company reported AED 152.4 million in gross revenue for Q2 2025, representing a 19% year-on-year increase from AED 128 million in Q2 2024. Gross profit surged to AED 32.9 million, up 77.84% compared to the same period last year, reflecting improved operational efficiency and margin recovery. For the first half of 2025, Union Properties recorded AED 316 million in total revenue, up from AED

Leading developer, Fakhruddin Properties, is gearing up to announce the launch of their latest residential project Maimoon Gardens with sustainability being the core focus while making a comeback into the Dubai Real estate market. With a promise of cleanest air in Dubai for its homeowners. Using a NASA based technology, the developer will lay key emphases on Indoor Air Quality of the highest standards in each apartment, Special Smart Home Automations and Optimized Designs for an overall cleaner and healthier lifestyle with some world class amenities. This soon to be announced project will be nestled at the prime location of JVC in

In a stride towards transforming urban sustainability, Fakhruddin Properties has launched its breakthrough “90:90 Waste Management Initiative,” a pioneering model that aims to divert up to 90% of building waste from landfills. The forward-thinking system was unveiled on May 7th, 2025, at Trafalgar Central in Dubai International City, and introduces the city’s first in-building composting and sorting facilities in a residential development marking a remarkable milestone in the UAE’s environmental journey. With an unwavering focus on sustainable innovation, the initiative presents an end-to-end framework for high-rise buildings, offering seamless source segregation, reporting, and zero-cost implementation for residents. This model not only

Union Properties, a leading UAE developer, has signed a conditional sales agreement valued at AED700 million ($190 million) for a significant real estate project in Motor City. This marks a pivotal milestone in the company’s strategic roadmap, effectively concluding its comprehensive recovery plan which was designed to resolve all legacy debt settlements and restore long-term financial strength. Building on a record AED1.3 billion ($354 million) in plot sales achieved in 2024 as part of its comprehensive debt restructuring strategy, this latest agreement is expected to be recognized in the company’s Q4 2025 financials. The Dubai developer said the real estate project will contribute

Arada has reported a tripling of sales during the first half of 2025 to AED9.15 billion as healthy demand for premium residential property continues to lift markets across the UAE. The master developer saw a 336% increase in the value of property sold at its projects in Dubai and Sharjah, driven by major launches and increasing interest in existing master planned communities. In total, Arada sold 2,382 homes during the first six months of the year, a 247% gain on the same period in 2024. Arada’s best-performing projects during this period included precision wellness destination Akala, which was launched in Dubai

Dubai Financial Market (DFM) today announced its consolidated financial results for the six-month period ending 30 June 2025, reporting a net profit before tax of AED777.1 million, up 298 percent compared to the same period in 2024, underscoring strong investor confidence and the continued expansion of Dubai’s capital markets. DFM saw robust market performance during this period, with the DFM General Index (DFMGI) rising by 10.6 percent, reflecting both local market strength and a broader global shift in capital towards resilient, growth-oriented markets. The total market capitalisation also increased by a solid 9.7 percent, compared to the same period last year, to

Meraas, a member of Dubai Holding Real Estate, has announced the launch of Jumeirah Residences Emirates Towers, a bold new addition to Dubai’s iconic skyline. Designed by acclaimed SCDA Architects, the development introduces a distinctive cantilevered architectural form that sets a new standard for sophisticated urban living. The development features 754 branded residences, ranging from one-to-four-bedroom layouts, set across two distinctive towers. Thoughtfully designed and centrally located, the towers offer sweeping views of the Museum of the Future and Downtown Dubai, with each residence crafted to ensure complete privacy. A private entrance beneath the striking cantilever leads to a grand double-height lobby,