News

Dubai Residential REIT, the GCC’s largest real estate investment trust (the “REIT”), announced its financial results for the six-month period ending on 30 June 2026 (H1’26). The REIT delivered strong financial and operational performance, driven by higher rental rates, higher portfolio occupancy, and disciplined cost management, while continuing to execute its growth strategy through portfolio expansion and active asset management.   KEY FINANCIAL AND OPERATIONAL HIGHLIGHTS: FINANCIAL HIGHLIGHTS H1’26 (AED | except percentages) H1’25 (AED | except percentages) % CHANGE Revenue 1,035.7 million 957.8 million +8.1% Adjusted EBITDA 822.6 million 717.6 million +14.6% Adjusted EBITDA Margin 79.4% 74.9% +4.5 PP Net Profit Before Fair Value Changes 716.5 million 622.3 million +15.1% Free Cash Flow (FCF) Conversion 94.8% 92.6% +2.2 PP Net Finance-to-Value (FTV) 6.8% 3.3% +3.5 PP   As of 30 Jun 26 (AED) As of 31

W Capital Real Estate Brokerage, led by Chairman Walid Al Zarooni, has been recognized by Reef Developments with the "Top Sales Agency" award in recognition of the company's outstanding sales performance and its success in marketing the developer's projects. The award reflects W Capital's growing position in Dubai's real estate brokerage sector, built on strong partnerships with leading developers, a highly experienced sales team, and its ability to connect investors with high-potential real estate opportunities across the emirate. Commenting on the achievement, Walid Al Zarooni, Chairman of W Capital Real Estate Brokerage, said: "This recognition from Reef Developments is a testament to the

Emaar’s position as Dubai’s leading developer is underlined today by a new market analysis revealing the depth of residential real estate activity across the luxury and affordable sectors so far this year. The report from fam Properties today shows that Emaar has recorded the highest value in sales transactions to date this year at AED30.6 billion - 83.2% higher than DAMAC in second place at AED16.7 billion. Firas Al Msaddi says leading developers driving sales across both luxury and affordable segments this year is a clear sign of market strength Emaar also sold the highest volume of properties in the AED 15 million

‘Holive Residences’,  a boutique real estate developer focused on elevated mountain living in Lebanon, has officially launched the off-plan sales for its inaugural project and the latest boutique residential development in Kfardebian. The new development will offer buyers an exclusive opportunity to own one of just five luxury mountain residences in one of Lebanon's most sought-after year-round destinations. Located just five minutes from the slopes of Mzaar Ski Resort, ‘Holive Residences’ combines contemporary mountain architecture with long-term investment potential, catering to buyers seeking both a private vacation home and an income-generating real estate asset. The launch comes as Lebanon's property sector continues

Union Properties PJSC (“Union Properties” or “the Company”) (DFM: UPP), one of the UAE’s leading master developers, hosted founders of innovative PropTech companies at its Sales Centre in Motor City during a visit organised by Dubai PropTech Hub, an initiative of Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region, and home to the region’s first PropTech innovation hub. As a founding partner of the Dubai PropTech Hub, Union Properties reinforced its commitment to fostering innovation by hosting the founders, connecting emerging technology companies and exploring solutions that support the future

Nikki Bisiker Design Studio has successfully completed its design scope as Interior Design and Interior Architecture Consultant for a new ultra-luxury private villa in Al Barari. The new-build residence spans a basement, ground level, first floor and terrace, with a built-up area of over 24,000 sq. ft. The villa is conceived as a high-end family home that seamlessly integrates lifestyle, wellness and entertainment within one cohesive design vision. As interior design and interior architecture consultant, Nikki Bisiker Design Studio completed the overall interior concept, detailed design and full technical design package, including technical drawings, procurement schedules and budgets, as well as

While Dubai's real estate market remains one of the world's most active, the summer season often presents a unique window of opportunity for investors. With reduced market noise and greater access to project information, buyers can take a more measured approach to evaluating developments based on location, quality, long-term value, and investment potential. For investors seeking strong fundamentals, BAMX Developments is emerging as a notable player in Dubai's luxury real estate sector. Backed by more than three decades of international development experience and having delivered hundreds of projects spanning over 10 million square metres, the company is steadily expanding its footprint

Emaar Development and Abu Dhabi Commercial Bank (ADCB) have announced a strategic collaboration to enhance the home-buying experience across Emaar Development's portfolio of ready and off-plan premium residential communities in Dubai. The collaboration brings together ADCB's mortgage expertise and Emaar Development's market-leading real estate portfolio to provide eligible homebuyers with unique financing solutions for both ready and off-plan properties through a streamlined, digitally enabled journey. Clients will also benefit from market-leading financing rates and an innovative off-plan financing solution featuring annually renewable pre-approval until handover, providing greater certainty and flexibility throughout the construction period. Under the new off-plan financing solution, eligible Emaar

Binghatti Holding Limited today announced record financial results for the six months ended 30 June 2026, supported by strong project execution, strategic expansion and resilient demand across its portfolio. H1 2026 Key Highlights Net profit rose 64% YoY to AED 3.0 billion (USD 810 million) Revenue increased 50% YoY to AED 9.5 billion (USD 2.6 billion) Eight projects launched and approximately 1,700 units delivered USD 500 million 2031 Sukuk oversubscribed 4.3x (ISIN: XS3145700491) Moody's affirmed Binghatti's Ba3 rating Sale of a Bugatti-branded penthouse during the period Financial Summary AED million % Change, YoY USD million H1 2026 H1 2025 H1 2026 H1 2025 Sales 9,592 8,480 13% 2,612 2,309 Revenue 9,498 6,323 50% 2,586 1,722 Gross Profit 4,312 2,599 66% 1,174 708 EBITDA 3,830 2,184 75% 1,043 595 Net Profit 2,973 1,818 64% 810 495       Note: EBITDA is a measure

Union Properties PJSC ("Union Properties" or "the Company") (DFM: UPP) today announced another strong set of financial results for the second quarter and first half of 2026, marking an important milestone in the Company's transformation from financial restructuring to sustainable growth. Having successfully strengthened its balance sheet, enhanced operational efficiency and rebuilt its development platform over recent years, Union Properties is now entering a new phase of growth supported by a substantial development pipeline, improving earnings visibility, and one of the strongest liquidity positions in the Company's recent history. These foundations position the Company to deliver sustained growth in revenues, profitability and long-term shareholder value. Gross revenue