Author: Arabian Media staff
Image: Getty Images/ For illustrative purposes Abu Dhabi’s real estate sector recorded Dhs54bn ($14.7bn) worth of transactions in H1 2025, up 42 per cent from a year earlier, according to the inaugural market report from the Abu Dhabi Real Estate Centre (ADREC). The report, released on Tuesday, said residential sales reached Dhs25bn, a 38 per cent year-on-year increase, marking a new semi-annual record. Demand growth of around 6 per cent across the emirate continued to outpace supply growth of 2.6 per cent, underscoring opportunities for further development. Residential inventory in the emirate stood at about 400,000 units at mid-year. Apartment…
Image: Aldar Aldar Investment Properties (AIP), a subsidiary of Aldar Properties, has raised $290m through taps on its existing green sukuks maturing in 2034 and 2035, the company said. The issuance was 2.8 times oversubscribed, attracting $830m in orders, with regional and international investors representing 52 per cent and 48 per cent of allocations respectively. The 2034 green sukuk tap priced at a yield of 4.89 per cent, or 87 basis points over benchmark US Treasuries, while the 2035 tap priced at 4.95 per cent, also implying an 87 basis points spread. Aldar said this marked its tightest-ever spread for…
Image: Dubai Media Office Dubai attracted a record 643 greenfield foreign direct investment (FDI) projects in H1 2025, maintaining its global lead for the eighth consecutive reporting (half-year) period, according to data from the Financial Times’ fDi Markets database. The emirate drew 478 more projects than the second-placed city, the highest half-year figure recorded by any city worldwide since the data series began in 2003. Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said the achievement reflected Dubai’s long-term vision and the success of the Dubai Economic Agenda D33, which seeks to double the size of the city’s…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Guests networking at last year’s Gulf Business Awards 2024 in Dubai. The wait is over — the Gulf Business Awards 2025 take place tonight, bringing together the region’s most influential leaders, visionaries, and companies for a night of celebration at The Westin Dubai Mina Seyahi Beach Resort & Marina, starting at 7pm. This year’s awards have already generated strong anticipation, with the shortlist revealing standout performers across more than 30 categories. From companies driving economic growth to leaders shaping industries, the nominees reflect the breadth and diversity of innovation and excellence across the Gulf. Winners have been carefully selected by an…
Image: Supplied If you grew up in Dubai in the 90s, you might remember the era when businesses started from scratch — often in living rooms and spare bedrooms. For Rohan Mehta, managing director of Petrochem, those memories are personal. “We literally started in our apartment. I remember the first computer, my dad on the phone, my mum cooking for the team,” he says. “As an only child, I was always around the business — even on school holidays, I’d be in my dad’s office or travelling with him.” Started in 1995, Petrochem’s story is rooted in the drive of…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link