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Almal Development targets growth in Bali and Thailand
PLUS: Enec granted licence to search for nuclear waste disposal site
Union Properties slashes debt + secures new funding
The developer cut its legacy debt to AED 575 mn by the end of 2024, down from AED 1.5 bn…
THIS MORNING: Eshraq to invest in Shuaa’s bond offering? + Dubai to lead luxury real estate price growth this year -Savills
Plus: Abu Dhabi Airports saw record passenger growth in 2024
Logic Holding acquires majority stake in Nexel to expand GCC presence
The exact size of Logic’s ownership in Nexel was not disclosed
Abu Dhabi residential prices jump 6.2% in 4Q 2024 despite decline in off-plan sales -ValuStrat
Apartment prices are projected to increase by 6% in 2025, while villa prices could see 4% growth
More support for proptech + crypto payments for real estate?
PLUS: Keyper collaborates with Dubai First + FAB on rent payment program
Dubai sets new record for USD 10 mn+ home sales in 2024
Villas comprised 68.5% of all USD 10 mn+ sales and jumped 20.2% y-o-y in value
Modon buys into London’s Arena Events
The transaction is expected to close by the end of next month
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