The total dividend payment for 2023 was also announced by the company, amounting to $1.2 billion. Emaar Properties declared a record-breaking dividend payout of $1.2 billion (AED 4.4 billion) for 2023, following an outstanding performance throughout the year, marked by $11 billion in real estate sales. The dividend sum, sanctioned during the company's annual general meeting (AGM) held on Monday,...
During the first quarter of 2024, 120 projects were initiated in Dubai, comprising 34,000 housing units. In the first quarter of 2024, Dubai witnessed an assertive wave of project launches from both local and international developers, averaging more than one launch per day. Preliminary data from Cavendish Maxwell’s Property Monitor indicates that in March 2024, nearly 30 off-plan projects were...
A committee has been formed to review requests from impacted citizens and ascertain appropriate measures to address them. Dubai citizens impacted by the storm are now able to reach out to authorities via WhatsApp to seek assistance for property damages caused by the rainfall. This initiative follows directives from Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, urging authorities to prepare for...
The ambitious multi-country project is estimated to have a land value alone of $6 billion. ARA Real Estate Development and DECA Properties, both based in Dubai, are teaming up with a land-owning company to initiate a series of extensive residential projects across Dubai, Abu Dhabi, the North Emirates, and Europe, with an estimated value of tens of billions of dollars. The land value alone for this...
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