Aldar Properties, Abu Dhabi-based property developer and real estate asset manager, which is selling a US dollar 30.25-year non-call 7.25 hybrid bond, has set the deal size at $1 billion. Books are in excess of $4 billion, excluding joint lead manager interest. The initial price thoughts are in the 6.875% area. The Regulation S notes are rated Baa3 by Moody's, one notch below the issuer's Baa2 rating. Abu Dhabi Commercial Bank, Bank of China, Citigroup, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Intesa Sanpaolo London branch, JP Morgan, Mashreqbank, RAKBANK and Standard Chartered are joint lead managers and bookrunners. The proceeds will be used for general corporate purposes. (Writing by Brinda Darasha; editing by Seban Scaria)

During the year of 2024, Reportage Group achieved a significant milestone by surpassing a sales value of AED 5.7 billion (approximately over 1.6 billion USD). This accomplishment not only underscores the company’s exceptional performance but also represents a more than 50% increase in total revenue compared to the same period in 2023. This achievement is particularly significant considering Reportage's unwavering commitment to a 'zero-leverage' and 'debt-free' strategy. Every project is developed without reliance on mortgages or any form of leveraged financing, ensuring the company's resilience and sustainable long-term stability in the market. Beyond the impressive numbers, this success cements Reportage’s position as a leader in the UAE real estate market. By offering…

Dr. Abdul Rahim bin Ahmed Al Farhan, a market expert, expects the unmatched Dubai real estate boom to continue in the long term thanks to several factors, most notably rapid population growth, architectural diversity in the projects offered, and the emirate’s strong and diverse economic system. In a press release issued on Tuesday, Al Farhan pointed out that the real estate sector in the emirate has greatly benefited from the strong and advanced infrastructure, in addition to mega projects such as Expo 2020, which have contributed to prove the emirate’s position on the global real estate map. The expert added that the Emirate of Dubai provides attractive real estate options for everyone with different, making the Dubai market a major attraction for real estate investors from…

The record AED120 million ($32.7 million) sale of a luxury villa in Dubai’s Emerald Hills community highlights an investment strategy delivering exceptional returns for ultra-high-net-worth individuals (UHNWIs). The sale brought a AED40 million ($11 million) profit for an investor who retained fäm Properties to find the ideal plot, design and manage construction of the stunning 25,000 sq ft villa, and secure an off-plan buyer. It’s a formula which the company says can help UHNWI’s unlock the full potential of Dubai’s ultra-luxury real estate market, with two more prime opportunities currently available at Emerald Hills. One similar plot is listed for AED35 million, with the estimated construction cost for a comparable luxury villa bringing the total…

Ellington Properties, a leading Dubai-based boutique developer, has appointed Aroma International Building Contracting as the main contractor for The Sanctuary, its first villa community located in the heart of Mohammed Bin Rashid City (MBR City). Scheduled for completion in Q2 2026, The Sanctuary is a masterfully designed gated community that blends serene surroundings with innovative living spaces and exceptional amenities. The Sanctuary offers residents an immersive connection to nature, with uninterrupted views of a crystal lagoon, lush parklands, and Dubai’s iconic skyline. Each villa has been thoughtfully designed to provide a seamless blend of form and function, featuring spacious layouts, abundant natural light, and carefully crafted details that elevate everyday…

Mered, a reputed international real estate developer, has announced Sera Group as the general contractor for its flagship Iconic Residences design by Pininfarina in Dubai Internet City. Sera Group’s extensive portfolio includes residential developments, hotels, healthcare and educational facilities, and industrial projects. Its residential and hospitality portfolio includes well-known projects such as Address Residences Dubai Opera and Il Primo next to Dubai’s landmark Burj Khalifa, as well as Skyview Tower and Barbaros Reserve Bodrum Residences which is managed by Kempinski. Michael Belton, Chief Executive Officer at Mered, commented: “With luxury real estate booming in Dubai, Sera Group’s proven expertise in constructing large-scale, high-quality projects makes…

BURTVILLE Developments has announced the progress on its “VILLE 11” project in Masdar City, Abu Dhabi. The development, which comprises 111 residential units, has reached 33% completion, according to “DARI”, the Abu Dhabi Department of Municipalities and Transport’s platform. The company also confirmed the commencement of construction work on three additional projects in Abu Dhabi: “VILLE 12” in Masdar City, along with Bab Al Qasr Residence 25 and Bab Al Qasr Residence 31, both located in Yas Bay, Yas Island. Site preparation, foundation work, and excavation support are already underway. BURTVILLE emphasized its commitment to delivering “VILLE 11” on schedule, with units set for completion and handover by Q3 2027. Spanning over…

SHARJAH - Sharjah’s real estate has recorded a high volume of real estate transactions during November 2024, which reached AED4 billion, and with a total number of 4,606 transactions covering 20.4 million square feet. With these strong statistics and the directives of wise leadership, Sharjah continues to consolidate its position as a vital real estate centre and one of the best economic regions in the world, known for its cultural and environmental diversity, while preserving its heritage character that combines authenticity and modernity. The emirate also provides a legislative environment that supports the real estate sector and stimulates investment, with great competitive prices compared to other emirates, making it an ideal destination for individuals and families looking…

Meraas, a member of Dubai Holding Real Estate, has announced the key handover of the ultra-exclusive Bvlgari Ocean Mansions on Jumeira Bay Island. This marks a major milestone in the completion of this high-profile project by the premier developer Meraas and world-renowned luxury brand Bvlgari, delivering an exclusive residential area in one of Dubai’s most desirable waterfront areas, said a statement from Meraas. These mansions reflect Bvlgari’s Mediterranean-inspired aesthetic and refined elegance that can be seen throughout Jumeira Bay Island, which is an exclusive enclave for high-net-worth individuals seeking secluded waterfront properties. Designed by the acclaimed Italian architecture firm Antonio Citterio Patricia Viel and constructed by Innovo Group, the mansions…

Qube Development, a leading international real estate developer, has announced the launch of off-plan sales for Arisha Terraces, a new residential development located in Dubai Studio City. The third project of Qube, Arisha Terraces features 419 modern units, spanning across four low-rise buildings, 122 different apartment layouts, and a range of studios, one- and two-bedroom apartments. Inspired by the Arabic word for 'pergolas,' Arisha Terraces draws inspiration from natural surroundings, incorporating eco-friendly practices, said the developer in a statement. This includes solar panels on the roof to reduce energy consumption, costs and trim service charges, as well as filtered and drinkable tap water in all units and common areas, reducing plastic waste. The low-rise buildings also…

Binghatti Developers has once again solidified its reputation as the UAE’s fastest property developer by delivering six major residential projects in record time. Featuring 2,062 luxury units across Jumeirah Village Circle (JVC), this achievement showcases Binghatti’s exceptional ability to meet Dubai's ever-growing demand for high-quality real estate. The rapid execution of these projects reflects Binghatti’s commitment to innovative design, architectural excellence, and unmatched delivery timelines, reinforcing its position as a leader in Dubai’s competitive real estate market. Revolutionizing Real Estate with a New Project Portfolio Binghatti’s latest delivery comprises six meticulously designed projects, Binghatti Orchid, Binghatti Amber, Binghatti…

UAE-based AARK Developers has appointed Atlas Foundations as the enabling contractor for its flagship project, Sora Beach Residences, a AED4 billion ($1.1 billion) luxury beachfront development on Al Marjan Island in Ras Al Khaimah. Atlas Foundations, a leading UAE-based contractor, specialises in advanced piling and foundation solutions, and has a proven track record of delivering exceptional groundwork for iconic developments, including projects in Dubai Marina and several large-scale industrial complexes across the UAE. It is renowned for its expertise in deep foundation engineering, ground improvement, and sustainable construction methods, said a statement from AARK Developers. This appointment marks a key milestone in the development of the UAE’s ultra-luxury lifestyle…