Taraf, the real estate division of UAE-headquartered investment holding group Yas Holding, and Marriott International, Inc. have announced a landmark project, W Residences Abu Dhabi – Al Maryah Island. This collaboration will mark the first branded residences of the W Hotels brand in Abu Dhabi and represents an exciting milestone for both stakeholders, with Taraf
Sobha Realty, a leading real estate developer, is set for a significant leadership transition. PNC Menon, the visionary Founder and Chairman of Sobha Group, will retire from his active role as Chairmanship, while continuing as the Founder of Sobha Group. Effective November 18, 2024, Ravi Menon, a distinguished leader with an exceptional track record as
A passionate professional and leader in the real estate industry, Ju Young Shin not only deals with the complex world of finance, but also treats her team with motherly care and love. Keeping her team members motivated is her preference and she likes to see them advance to increasingly elevated roles. Having received an award
Rent2Cash, an Italian startup bringing rental advance services to landlords, offering upfront payouts of up to three years’ rent, has raised a €3 million pre-seed round and launched operations in Italy. The investment is financed by major Italian banking groups, as well as institutional investors and business angels. The company purchased its first rental credits
Mapletree Investments Pte, a Singapore-based property development and management firm, is expanding its global presence with the opening of an office in Abu Dhabi. Mapletree, a unit of Singapore’s state-backed Temasek Holdings PTE, has reportedly re-hired Khairul Abdullah to lead this Middle East expansion, according to a report in international media citing people familiar with
China’s new home prices in June fell at the fastest clip in nine years while property sales and investment slumped, increasing pressure on policymakers for more stimulus to prop up the battered sector as it struggles to find a bottom. New home prices slid 4.5% from a year earlier, hitting the lowest since June 2015,
Dubai-based Emaar Properties has announced that it had recorded remarkable progress during the first half with 30 launches successfully completed resulting in the sale of 8,400 units, up 56% over last year. Celebrating the key achievements at its mid-year internal staff rally, Emaar’s leadership reviewed and shared the company’s operational performance and way forward. During
Abu Dhabi is running out of office space due to strong demand from hedge funds and other major businesses. Occupancy rates in Al Maryah Island, home to the emirate’s international financial district, have so far reached nearly 100%, international media reported, quoting a representative for the Abu Dhabi Global Market (ADGM). “With growing demand for
A six-bedroom villa on Jumeira Bay island has fetched Dh240.5 million, clearing the way for a new record for a location that’s been known as the ‘Billionaire’s Island’. This ‘not only sets a new record for the highest sale on Jumeirah Bay Island to date but also shatters previous records by a significant margin’, says
Rents have reached record highs due to unprecedented demand for uber-luxury properties in Dubai, with 270 rental transactions signed in the first five months of 2024 with annual rents of Dh1 million or more. This shows that the UAE continued to attract high net-worth individuals, or millionaires, from across the globe who are making the
