Abu Dhabi real estate giant Aldar has made a significant investment in logistics and commercial real estate, spending Dh530 million to acquire assets in the Almarkaz Industrial Park, located in the Al Dhafra region. The seller of these assets is Waha Land, a subsidiary of Waha Capital. This latest acquisition adds 182 500 square meters...
The major banks in the UAE are expected to achieve high single-digit loan growth in the second quarter, as analysts suggest that the ongoing Iran-Israel conflict is unlikely to dampen borrowing demand. This optimistic outlook comes as increased lending is anticipated to offset slightly lower net interest margins, which, in turn, should satisfy equity investors...
Dubai-based proptech company Prop-AI has successfully raised $1.5 million in a pre-seed funding round. The investment was led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, along with contributions from angel investors from Saudi Arabia and Bahrain. The proceeds from this funding will be directed towards expanding Prop-AI’s regional data integration,...
Dubai’s Binghatti announced on Monday the launch of an asset management firm that aims to manage approximately $1 billion in Shariah-compliant private credit and real estate investments. This initiative is designed to diversify the company’s portfolio and broaden access to alternative capital. The new entity, Binghatti Capital, will operate from the Dubai International Financial Centre...
Ras Al Khaimah Economic Zone (RAKEZ) is preparing to participate in the fifth edition of Big 5 Construct Egypt, the largest construction industry event in the country. The expo will take place from June 17 to June 19, 2025, at the Egypt International Exhibition Center (EIEC) in Cairo. The exhibition aims to gather a diverse...
As India solidifies its position as one of the fastest-growing economies globally, the Non-Resident Indian (NRI) community is increasingly aligning its investments with India’s economic growth. NRIs are diversifying their portfolios across various sectors, including real estate, equities, and alternative assets. This renewed interest is driven by India’s robust economic resilience, regulatory reforms, and the...
Abu Al Naga Real Estate Development has officially commenced work on three significant residential projects located in Dubailand, Bu Kadra (New Horizons), and Al Furjan. This initiative reflects the company’s strong belief in Dubai’s favorable investment climate and its robust real estate demand. According to Mohamed Abu Al Naga, the CEO of Abu Al Naga...