The Investment Corporation of Dubai is reportedly contemplating the listing of ALEC. Bloomberg reported that amidst a surge in Dubai's real estate sector with property prices reaching near-record levels, there is contemplation regarding an initial public offering (IPO) for construction firm ALEC Engineering & Contracting. Sources familiar with the matter have disclosed that the Investment...
One Za'abeel, the iconic landmark developed by ICD (Investment Corporation of Dubai), proudly announces that it has secured the GUINNESS WORLD RECORDS™ title for the 'Longest Cantilevered Building' globally with its panoramic sky concourse, The Link. This milestone was solidified on March 1, 2024, marking One Za'abeel as the most recent addition to Dubai's extensive collection of record-breaking...
Munthir Al Ali, Chairman of the Board of Directors of a consortium of real estate firms, affirmed that Dubai's real estate sector has experienced a significant resurgence since 2021, marked by a rise in construction sector sales volumes, reaching its peak performance this year. This was particularly evident as residential rents in the emirate experienced a pronounced upturn, prompting real estate...
Affluent individuals, international investors, and locals eagerly invest in upscale developments offered at prices lower than those in comparable global metropolises. Property projects in the UAE are still flying off the shelves, often selling out within days, if not hours. Despite forecasts of slower growth in the real estate market this year following a robust rally over the past three years, demand...
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