Business

Dubai: Abu Dhabi’s sovereign wealth fund, Mubadala, is part of an international consortium acquiring Techem, a German-based digital energy solutions provider for the real estate industry, in a deal valued at Dh29 billion (6.7 billion euros). Headquartered in Germany, Techem serves over 440,000 customers across 18 countries, supporting more than 13 million properties globally. The company specializes...

In a landmark step beyond its home market, 158‑year‑old Indian construction and real‑estate powerhouse Shapoorji Pallonji has delivered its first international residential venture, Imperial Avenue in Downtown Dubai. The 45‑storey tower—framed by sweeping views of Burj Khalifa and the Dubai Canal—ushers the group into Dubai’s luxury‑property arena. Imperial Avenue welcomes...

Abu Dhabi’s Mubadala Investment Company has joined forces with a consortium of international investors to acquire Germany-based Techem Energy Services in a $7.9 billion (AED 29 billion) deal, aiming to accelerate decarbonisation in the global real estate sector. Announced on Monday, the acquisition involves Mubadala alongside Switzerland’s Partners Group, Singapore’s sovereign wealth fund GIC,...

Park Group has taken a decisive step toward regional expansion by opening a Dubai office and unveiling Ajman Creek Towers, a milestone development making its first appearance in the Dubai market. This two‑part announcement illustrates the firm’s intention to weave Ajman’s real‑estate landscape more closely into Dubai’s while accelerating its presence across the Emirates. The newly established...

Young professionals earning between AED 10,000 and AED 15,000 are being encouraged to consistently save 20–30% of their monthly income if they plan to purchase property. According to real estate experts, with disciplined savings and gradual income growth, this can make a property down payment achievable within 3 to 5 years. “For properties priced between AED 600,000 and AED 900,000, a 15–20% down...

Dubai-based fractional property platform PRYPCO Blocks has successfully wrapped up its first-ever Exit Window, a notable step forward in reshaping how real estate is accessed and invested in across the UAE. The platform saw over 2,800 fractional property units, referred to as "Blocks," change hands through 211 transactions, reaching a total value of approximately AED 300,000 ($81,700) during the...

AEngel & Völkers Middle East’s latest market review confirms what many industry watchers suspected: Dubai’s prestige real‑estate sector is accelerating at a pace few global hubs can match. In the first six months of 2025, the city registered 3,731 transactions priced above AED 10 million, a 62.7 percent year‑on‑year leap. Q2 alone delivered 2,388 such deals—the strongest...

Abu Dhabi’s property market is running red‑hot. Figures from the Abu Dhabi Real Estate Centre (ADREC) show turnover reached AED 96.2 billion in 2024—a 10 percent jump year‑on‑year—across 28,249 transactions, while foreign capital doubled to AED 7.86 billion. Homes routinely sell out in under two days, and 38 off‑plan launches kept developers scrambling for inventory. In...

Ajman's real estate market witnessed a record-breaking month in June 2025, registering 1,607 transactions worth a total of AED 2.32 billion ($631.6 million) — a 47% increase compared to the same period last year. According to Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, the emirate recorded AED 1.53 billion in trading volume across...

Saudi Arabia’s real estate and construction sectors—already experiencing rapid growth—are poised for a new wave of expansion following the implementation of new laws permitting foreign property ownership. This legal shift is expected to attract not just international investors, but also leading developers from the UAE and wider Gulf region, signaling a transformative phase for the Kingdom’s...