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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Dubai’s property market recorded broadly stable asking prices across many popular areas in Q3 2026, according to Bayut’s latest market report. Search trends showed continued interest in established communities across a range of budgets, from affordable apartments to family villa neighbourhoods and prime waterfront addresses. Along with the Dubai search and asking-price analysis, the latest UAE Market Sentiment Survey from Bayut and dubizzle provides a broader view of consumer expectations, which also points to the stability and maturity of the market. Across over 2,000 completed responses from both platforms, 60% of surveyed buyers said they were very confident or cautiously […]

AHS Properties is set to launch AHS Twin Towers, its new commercial development on Sheikh Zayed Road, following the AED 1.1 billion acquisition of Shangri-La Dubai. The property will undergo a major transformation into a Grade A commercial destination. Positioned on one of Dubai’s most prominent commercial corridors, AHS Twin Towers will introduce a new architectural identity for the property. The project has been designed by Gensler, an internationally recognised architecture and design firm, with interiors by AHS Atelier, the company’s in-house design studio, bringing a bespoke approach to materiality, detailing and craftsmanship throughout the development. AHS Twin Towers will […]