Sobha Realty has achieved a major milestone with the successful issuance of its USD 750 million Green Sukuk, the largest of its kind by a real estate developer globally. Oversubscribed by 2.8 times, the landmark transaction reflects strong investor confidence in the company’s financial stability and sustainability commitments.
7X has officially launched its National Network for Logistics (NXN) during the Universal Postal Congress in Dubai, establishing a unified platform for postal, parcel, and logistics services across the UAE.
UAE families are reshaping summer travel, with outbound leisure spending up 48% and children influencing where money is spent. From soaring amusement park outlays to London trips and Dubai’s busy hotels, the hospitality sector is seeing family-centred experiences take priority, turning the summer into a peak tourism season.
DEAL Holdings has launched FAB Group, a new lifestyle and culinary brand that will open at least 25 destinations in the UAE within five years and expand into Saudi Arabia and Qatar, creating over 800 jobs in the process.
Al Mal Capital REIT, the first real estate investment trust listed on the Dubai Financial Market, has announced plans to raise up to $200 million through a follow-on public offering (FPO) as it looks to expand its portfolio of income-generating properties. The offering will be open to both existing unitholders and new investors from the UAE and wider GCC region, with proceeds earmarked for acquiring assets in high-growth sectors such as healthcare, education, and industrial facilities. The capital increase is expected to boost the fund’s size significantly, with trading of new units likely to commence in August, pending regulatory approval.
Meraas, part of Dubai Holding Real Estate, has launched Jumeirah Residences Emirates Towers. The twin-tower development features 754 branded luxury apartments, sky terraces, and full-service hospitality by Jumeirah, adding to the city's growing portfolio of high-end residential projects.
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