Emaar Properties has announced it will distribute 100 per cent of its share capital as dividends for 2024, amounting to AED8.8bn ($2.4bn), emphasizing its commitment to providing exceptional value to shareholders. This represents a 100 per cent increase from the AED4.4bn ($1.2bn) dividend distributed in 2023, showcasing Emaar’s strong financial performance and dedication to investor...
Dubai developer Meraas announced the completion and handover of seven ultra-luxury waterfront mansions on Jumeira Bay Island, developed in collaboration with Italian luxury brand Bvlgari. The Bvlgari Ocean Mansions, spanning nearly 10,000 square feet with five bedrooms each, feature an over-water design and infinity pools blending seamlessly with the Arabian Gulf. Designed by Italian architecture...
The Dubai real estate sector recorded AED13.58bn ($3.7bn) in transactions last week, according to Land Department data. Sales accounted for AED10.42bn ($2.8bn), with a total of 3,894 sales transactions registered between December 9 and December 13. Dubai real estate highlights this week: Among the most expensive sales listed on the Land Department website were: An apartment in Dorchester...
REITs are a strategic hedge against equity market volatility, often performing differently during downturns. Dubai’s booming property market highlights Real Estate Investment Trusts (REITs) as an accessible investment option, offering small and first-time investors entry into real estate. Experts recommend REITs for their low capital requirements and ability to generate passive income. “One...
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