Azizi Developments makes pledge as it starts handover of homes at its Samia project in Al Furjan UAE-based Azizi Developments has announced it plans to complete 14 real estate projects in Dubai this year as it finished work on Samia, its residential and commercial development in Al...

Dubai developer blames bank financing costs and a 'stagnation' in the real estate sector for 2019 performance Dubai-based Union Properties on Thursday announced AED218.8 million ($59.5 million) net losses for 2019, blaming bank financing costs and a "stagnation" in the real estate...

Lulu Group chief announces plans to open new stores in Abu Dhabi, Dubai and Sharjah over the next two years UAE retail giant Lulu Group has announced that it will open 20 hypermarkets within the next two years in the country. According to Yusuff Ali MA, chairman and managing...

Performance of Nurai island pilot facility will be an important test case for similar projects in the region The UAE's first floating solar power plant will start producing electricity off the tiny resort island of Nurai within days. The performance of the pilot facility, which...

Dubai real estate investment trust ENBD REIT is facing opposition to going private from some shareholders who fear the move could further erode its value, two sources said. DUBAI- Dubai real estate investment trust ENBD REIT is facing opposition to going private from some shareholders...

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Emaar chairman Mohamed Alabbar says 2019 performance was 'resilient', maintaining growth within a challenging market Emaar Properties on Wednesday reported net profit of AED6.2 billion ($1.7 billion) for 2019, up marginally from AED6.1 billion on the previous year. The Dubai-based...

Roads and Transport Authority has launched the test-run of a wireless electric charging grid in Dubai Silicon Oasis The Roads and Transport Authority (RTA) has launched the test-run of a wireless electric charging grid in Dubai Silicon Oasis. The technology charges electric...

Property Finder research says rate of decline in property prices in Dubai slowed considerably in the second half of 2019 The rate of decline in property prices in Dubai slowed considerably in the second half of 2019 as buyers began to take advantage of the value to be found in the...