Azizi Developments, a leading private developer in the UAE, has finalized the acquisition of a massive fleet of machinery, industrial equipment, and operational assets valued at AED 2.1 billion. The sweeping procurement covers thousands of assets distributed across its primary operating entities, including Gardenia Contracting, Freesia Electromechanical Works Contracting, Royal Infra Contracting, and Azizi’s dedicated manufacturing factories. Managed by Azizi’s Asset, Plant & Stores Department, the investment includes major capital expenditures such as 113 tower cranes, 13 luffing jib cranes, 77 passenger hoists, 229 suspension cradles, 70 heavy transport prime movers, and over 500 passenger buses. By building its own comprehensive

Al Ghurair Development has confirmed Julfar Contracting, part of Rashed Al Jabri Group of Companies, as main contractor for Weave, its premium residential development in Jumeirah Village Circle (JVC). The appointment follows the completion of enabling works on site in July 2026, ahead of schedule. Julfar Contracting took handover of the site at that point and has since made strong progress, with the project on track for completion by the second quarter of 2028. The development comprises 130 one-, two- and three-bedroom residences ranging from approximately 700 to 2,200 sq ft. Designed by Australian architect Joe Adsett in his first project

Suggested URL path: /awards/iconic-legal-consultant-of-the-year-2026 Key Takeaways Business Frontier named Dr. Hassan Elhais its Iconic Legal Consultant of the Year for 2026. The second edition was held at Taj Dubai, Business Bay, on Sept 4, 2026. His family-law work includes divorce and disputes involving children. He also advises on criminal, civil, and commercial matters. The 2026 Chambers guide places him in Band 1 for Family/Matrimonial: High Net Worth in the UAE. He completed a Master’s Degree in Law in 2015, followed by a PhD in Law in 2019. His publications range from professional practice guides to articles explaining everyday concerns, such as a

Union Properties PJSC (“Union Properties” or “the Company”) (DFM: UPP) has announced its financial results for the third quarter of 2026, continuing the strong growth trajectory recorded during the first half of the year and further strengthening the Company’s financial and operational position. Revenue reached AED 809.5 million, growing 58% in nine months, supported by stronger operational performance, increased contributions from subsidiaries and continued execution across the Company’s business portfolio. Net profit in the nine-month period which ended on 30 September 2026, stood at AED 28 million compared with AED 139.2 million in the corresponding period of the previous year, which was boosted by

There’s something about Dubai’s cooler months that makes outdoor living especially appealing. Terraces become dining rooms, gardens turn into gathering places and even a once-overlooked corner can become a favourite spot at home. As temperatures ease and people head outdoors again, giving outdoor spaces the same thoughtful attention to furniture, materials and lighting as interiors can make all the difference. With Dubai Home Festival (DHF) 2026 running until 1 November under the theme ‘MAKE DUBAI HOME’, we asked interior designers and architectural experts taking part in INDEX Exhibition, DHF’s industry and design partner, how they approach the season: where to start,

A hospitality development on Ras Al Khaimah’s Al Marjan Island was sold to DAMAC in 2024 in a transaction that generated a fourfold return on invested equity, according to a press release issued by Zenith Group. The development was undertaken by Three Musketeers Hospitality, a wholly owned subsidiary of Plus Holding Ltd, co-founded by Dubai businessman Hari Shankar Tibrewal, chairman of Zenith Group. According to the release, the company secured a beachfront site on Al Marjan Island and signed an agreement with Marriott International in May 2023 to develop the Le Méridien Al Marjan Island Resort & Spa. The proposed resort was to

Zimaya's Dh185m Lawncrest Signals Steady Dubai Demand On October 27, 2026, Zimaya Properties announced the launch of Lawncrest, a Dh185 million residential development in Dubai Production City, marking the Dubai-based boutique developer's fifth residential project in the emirate. The announcement came against a backdrop of continued development activity in Dubai's real estate sector, even amid a period of wider regional uncertainty. Zimaya said four of its previous four projects have already sold out, underlining the pace at which its earlier launches moved through the market. Lawncrest itself is a ten-storey building comprising 183 residential units, offering studio, one-bedroom and two-bedroom apartments with

Condor Developers today announced the successful completion of construction of its sixth residential project in Dubai, Condor Fortuna in Majan within Dubailand district, The completion of the AED 120 million Condor Fortuna brings the value of Condor’s cumulative portfolio of completed projects in the last two years to AED 750 million.  The project offers 85 premium apartments in Majan with access to four key arterial roads connecting major Dubai landmarks within a 10-to 30-minute drive. “Including Condor Fortuna, an exclusive and boutique residential project, we have achieved a milestone of releasing close to 500 premium apartments to Dubai’s residential stock across three

Arada Developments LLC (“Arada”), rated B1 by Moody’s and B+ by Fitch, has successfully returned to the global debt markets via a successful issuance of a $400 million Senior Unsecured Sukuk, which has been listed on the London Stock Exchange and Nasdaq Dubai. The transaction marks the first issuance by a UAE real estate developer since the outbreak of the regional conflict in February 2026, highlighting Arada’s credit strength via the Company’s continued access to international debt capital markets despite heightened geopolitical uncertainty and a volatile market backdrop. The five-year fixed-rate Reg S Sukuk issuance, rated BB- by Fitch and B1 by

Binghatti Capital Limited, an investment management firm regulated by the Dubai Financial Services Authority (DFSA), announced that the Binghatti Pinnacle Development Fund has completed its investment strategy, achieving a net internal rate of return (IRR) of 194% and a net multiple on invested capital (MOIC) of 2.3x for external limited partners. These returns are net of fees, fund expenses and management's carried interest. The fund has completed distributions to its limited partners and is currently undergoing formal liquidation procedures, subject to the fulfilment of the remaining regulatory and administrative requirements. The fund raised approximately $29 million and pursued an investment strategy focused