Credit Rating Upgrades Overview S&P Global Ratings upgraded Emaar’s long-term issuer credit rating to BBB+ (from BBB), assigning a Stable outlook. Moody’s upgraded its long-term issuer rating to Baa1 (from Baa2), also with a Stable outlook. Key Drivers Behind the Upgrades Strong Financial Fundamentals Emaar’s robust financials and strong backlog were cited as...
Dubai’s real estate market recorded transactions worth AED 16.19 billion ($4.4 billion) last week, as per data released by the Land Department. Sales made up the majority of this amount, reaching AED 12.92 billion ($3.5 billion), based on the department’s figures. From June 2 to June 6, a total of 3,276 property sales were registered. Notable Transactions in Dubai Real Estate Last Week: According...
Dubai South real estate could see property prices increase by up to 20 per cent in near term as Al Maktoum International Airport drives interest The AED128 bn ($35 bn) expansion of Al Maktoum International Airport in Dubai South is fuelling a real estate boom that has major implications for the wider UAE economy, according to Betterhomes analysis. Property transactions in the...
Dubai’s ultra‑luxury real estate market continues to shatter records — and the Bulgari Lighthouse on Jumeirah Bay Island remains at the forefront. Here’s what you should know: 🏝️ Jumeirah Bay’s $134 M Villa Steals the Spotlight The priciest listing in Dubai right now is a $134 million villa within the Bulgari resort, spread across approximately 20,000 sq ft. Fully...
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