UAE’s Aldar Investment Properties plans 10-year $500mln green sukuk – document A general view shows the headquarters of Aldar Properties at Al Raha Beach in Abu Dhabi. Ben Job, Reuters , Reuters Images A general view shows the headquarters of Aldar Properties at Al Raha Beach in Abu Dhabi. Ben Job, Reuters Reuters Images Initial price guidance for the sukuk, which will be issued under the company’s Green Framework, was given at 185 basis points (bps) over US Treasuries, the document said Rachna Uppal, Reuters News May 17, 2023 ISLAMIC FINANCESUSTAINABILITYMARKETSREAL ESTATEUAESUKUK DUBAI – Aldar Investment Properties plans to issue a $500 million 10-year debut green Islamic bond, or sukuk, on Wednesday, according to a bank document seen by Reuters. Initial price guidance for the sukuk, which will be issued under the company’s Green Framework, was given at 185 basis points (bps) over US Treasuries, the document said.
Aldar Investment Properties plans to issue a $500 million 10-year debut green Islamic bond, or sukuk, on Wednesday, according to a bank document seen by Reuters. Initial price guidance for the sukuk, which will be issued under the company’s Green Framework, was given at 185 basis points (bps) over US Treasuries, the document said. […]
Prestige One launches two residential projects in Dubai
Dubai-based Prestige One Developments announced on Monday the launch of two luxury residential apartment projects in Dubai Sports City and Jumeirah Village Circle. The 14-storey Vista, designed by LACASA Architects, will comprise 140 apartments, the developer said in a statement. Amenities, such as an electric vehicle charging station, a landscaped jogging track, a multi-sport court, […]
Dubai’s Emaar Development sees slight profit fall to $288mln
Dubai-based developer Emaar Development has announced a marginally reduced profit in the first quarter of 2023 as revenue fell. The company, which is the development arm of Emaar Properties, reported attributable profit for the period of AED 1.06 billion ($288 million) for the first quarter of 2023, down from AED 1.05 billion in the first […]
Azizi launches new residential project at Dubai Studio City
UAE-based Azizi Developments has announced the launch of its key residential project – Azizi Vista – a modern low-rise building at Dubai Studio City featuring a mix of studio, one- and two-bedroom apartments. The luxury development, which is scheduled for completion by Q4 2024, will boast aesthetically planned social areas, two swimming pools, children’s play […]
UAE’s National Properties launches 399 Hills Park project
National Properties, the real estate subsidiary of National Bonds Corporation, announced on Monday the launch of 399 Hills Park luxury residential project in Dubai Hills Estate at a investment of one billion UAE dirhams ($272.32 million) The project is scheduled for completion in the fourth quarter of 2025, the developer said in a statement. The name of the […]
Dar Global launches luxury project in Dubai
Dar Global, a luxury real estate developer in Dubai, has presented its inaugural own-brand luxury living concept, DG1. Nestled in the heart of Dubai’s Business Bay, DG1 will boast captivating views of the Dubai Canal and Burj Khalifa. It offers uninterrupted views from every unit in the building, with architecture unrivalled by any other […]
Dubai developer Nakheel launches Como Residences on Palm Jumeirah
based master developer Nakheel has launched Como Residences, a new residential development on Palm Jumeriah. The 71-storey residential tower is over 300 metres tall and features an innovative design that ensures each residence can take full advantage of the 180° to 360° views of Dubai and the Arabian Sea, the developer said in a statement. Como […]
Abu Dhabi’s Aldar Properties posts 22% jump in Q1 2023 net profit
The UAE developer Aldar Properties posted a 22% increase year-on-year (YoY) in Q1-2023 net profit to 836 million dirhams ($228 million), and said it expects “robust real estate market dynamics” to sustain through 2023. The net profit easily topped analysts’ mean estimate of AED747.7 million, according to data compiled by Refinitiv’s Eikon. Group revenue for […]
Dar Global awards $32mln fit-out contract for Da Vinci Tower in Dubai
Dar Global, the global arm of Saudi developer Dar Al Arkan, has awarded a fit-out works for 800 million UAE dirhams ($217.86 million) Da Vinci Tower in Business Bay to Shapoorji Pallonji Mideast. The contract is valued at AED 116 million ($31.59 million). “Awarding the fit-out works follows a rigorous selection process,” the LSE-listed Dar […]
Azizi nearing sellout for 256 pool-facing Dubai residences
UAE-based Azizi Developments has announced the sale of almost all of its 256 pool-facing homes at Beach Oasis, a vibrant mixed-use community in Dubai with two buildings comprising a total of 476 studios, 200 one- and 36 two-bedroom residences as well as several key retail units. Built for the modern, young adults, Beach Oasis is […]