Union Properties PJSC Accelerates Growth In Q1 2026, Delivering 66% Revenue Increase And Stronger Profitability
Union Properties PJSC (“Union Properties” or “the Company”) (DFM: UPP) has delivered a strong start to 2026, reporting solid revenue growth and improved profitability in the first quarter, as the Company advances into a new phase of accelerated growth. Revenue for the period increased by 66 per cent to AED 271.4 million, compared to AED 163.2 million in Q1 2025, reflecting sustained demand across the Company’s portfolio and the continued optimisation of its income-generating assets. Gross profit increased to AED 58.4 million, up 37 per cent year-on-year from AED 42.8 million, driven by operational efficiencies, and improved asset performance. Net profit reached
Dubai Holding And ICD Announce Completion Of Strategic Transaction In Emaar Properties
Dubai Holding and the Investment Corporation of Dubai (ICD) announced the completion of a transaction under which Dubai Holding has acquired a 22.27% equity stake in Emaar Properties PJSC (Emaar Properties) from ICD. Following completion of the transaction, Dubai Holding’s total shareholding in Emaar Properties has increased to 29.73%, positioning it as the company’s largest shareholder. Emaar Properties is listed on the Dubai Financial Market and is one of the largest real estate developers in the Middle East, with a diversified portfolio spanning residential, commercial, hospitality and retail assets. The group has a well‑established footprint across the Middle East, North Africa, Asia and Europe,
New Expansion In Dubai’s Real Estate Market: Newbury Launches “Chapter” Series Amid Sustained Investment Momentum
As Dubai’s real estate sector continues to post record levels of activity, Newbury Developments has announced the launch of its new residential project series, “Chapter,” in a move that reflects developers’ growing appetite for expansion within the UAE property market, amid rising demand for modern mid-market housing in emerging districts. The first project under the new series is located in Al Warsan 4, one of the fastest-growing urban areas within the second phase of International City. Through this development, the company aims to introduce a residential concept centered on “affordable luxury,” offering homes that combine contemporary design, operational efficiency, and long-term
Deyaar Announces Q1 Financial Results, Sustaining Strong Strategic Momentum Into 2026
Deyaar Development PJSC (Deyaar), a publicly listed integrated real estate company and one of the leading developers in the United Arab Emirates, today announced its financial results for the first quarter of 2026, showcasing significant growth and strategic resilience in a dynamic market environment. Deyaar recorded a 3.2% increase in revenue for YTD March’26, reaching AED 447.1 million compared to AED 433.4 million in the same period last year. This growth was achieved despite a downturn in the hospitality sector, offset by robust performance in Property and Facility Management. Profit before tax climbed 23.3% to AED 147.7 million for YTD March’26 compared
Boli.ae Launches UAE’s First Fully Digital Property Auction, Closing Elite City Walk Asset Within 7 Days
Boli.ae, the UAE’s digital property auction platform, has announced the successful completion of its inaugural digital real estate auction, marking a major shift in how property transactions are conducted in Dubai. The platform enabled the sale of a premium two-bedroom residence in City Walk within just one week, reinforcing a faster, more transparent alternative to traditional real estate processes. The 1,753 sq. ft. luxury apartment, located in one of Dubai’s most sought-after lifestyle destinations, was listed with no reserve price and an opening bid of AED 500,000. The listing strategy was designed to test market depth and demonstrate the efficiency of
Refine Reports AED 216mln In March 2026 Sales, Signals Positive Outlook For Q2
Refine, a leading development management company, has reported strong results for the first quarter of 2026, delivering solid performance across its project portfolio. Despite evolving regional dynamics, market fundamentals remain strong with AED 216 million of its total sales recorded in March 2026 alone with 58% coming from international investors, positioning the company for continued growth into Q2 and signalling sustained confidence in the UAE property market. Growth and Performance Alongside its robust sales and sustained investor demand, Refine also achieved key milestones across its portfolio. This included reaching 98% completion of St. Regis Financial Center Road Dubai Residences in Downtown Dubai,
ESNAAD Hands Over The Spark By ESNAAD In Mohammed Bin Rashid City
ESNAAD Real Estate Development, “ESNAAD”, a Dubai-based real estate development company, has announced the handover of The Spark by ESNAAD, its residential project in Mohammed Bin Rashid City, marking a key milestone in the company’s journey in Dubai’s real estate market. The project comprises a ground floor, five residential floors, and a rooftop, offering a total of 50 one-bedroom and two-bedroom apartments. Designed for residents seeking a balance between comfort, functionality, and urban connectivity, The Spark by ESNAAD reflects the company’s approach to developing thoughtfully designed homes that combine contemporary architecture, practical layouts, quality finishes, and long-term value for homeowners and
Binghatti Launches Tilal As Al Rowaiyah Positions Itself As Dubai’s Next Master-Planned Villa Corridor
Binghatti has launched Tilal, its first-ever dedicated villa and townhouse community, inside a master-planned enclave spanning over ten million square feet in Al Rowaiyah, Dubailand signalling a decisive push to establish the eastern Dubai corridor as a premium residential address for large-format family living. The development offers a curated collection of 4- and 5-bedroom townhouses, 6-bedroom twin and standalone villas, and 7-bedroom standalone villas, with unit sizes ranging from 2,200 to 4,500 square feet across thoughtfully scaled plots. Each home is delivered with Binghatti's signature geometric architecture structured facades, cohesive streetscapes, and high-specification interiors designed to carry the brand's design language
PRIME By Betterhomes Unveils The Winners Of Dubai’s Top 50 Homes Third Edition
PRIME by betterhomes has announced the winners of the third edition of Dubai’s Top 50 Homes, its flagship residential design competition celebrating the city’s most exceptional private residences. The announcement comes at a moment of sustained momentum in Dubai’s luxury property market: prime residential transactions above AED 15 million surged 43% year-on-year in Q1 2026, according to betterhomes’ latest market report, reflecting a city where design quality and lifestyle standards are increasingly central to what buyers value. Now in its third year, Dubai's Top 50 Homes has established itself as one of the region's most respected platforms for residential design, drawing on
Binghatti Delivers 10th Consecutive Record Quarter With AED 1.43bln Net Profit In Q1 2026
Binghatti Holding Limited announced record-breaking financial results for the first quarter ended 31 March 2026, marking the company’s 10th consecutive record quarter, driven by strong sales execution, disciplined operations, and sustained demand across its diversified real estate portfolio. The company reported a net profit of AED 1.43 billion, representing a 73% year-on-year increase, while revenue rose 52% to AED 4.39 billion. EBITDA surged 83% year-on-year to AED 1.83 billion, reflecting continued operational efficiency and margin expansion. Binghatti also strengthened its profitability metrics, with net profit margin improving to 33% compared to 29% in Q1 2025, while gross profit margin increased to 43%.