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Union Properties breaks ground on its AED 2 bn Dubai-based development
Plus: Drydocks World opens multi-mn USD expansion facility in Dubai
Commercial property market expected to outperform Hong Kong’s as demand for office space rises in 2025
Strong demand is driven by yields of 6% in Abu Dhabi and 5% in Dubai
THIS MORNING: Amea Power eyes desalination, green hydrogen projects in Morocco + New corporate tax compliance exemptions take effect next year
Plus: Dubai Lagoon is under cancellation
Chinese sovereign bond yields drop to their lowest since 2009 amid demand slowdown and as property market crisis enters fifth year
Developers in the country have defaulted on USD 130 bn bonds since the crisis began — including USD 15 bn…
Modon acquires luxury real estate firm in Spain + Julphar sells insulin API manufacturing subsidiary
The acquisition will give the developer ownership of 2.7 mn sqm of land area inside gated luxury resort La Zagaleta
Emirates NBD dually lists USD 500 mn bond on Nasdaq and Euronext Dublin
Plus: Abu Dhabi’s Ohana Development launched a AED 4.7 bn residential project
Parkin expands into KSA
Plus: FAB + Libre Capital to develop tokenized lending solutions
More asset managers eye ADGM
Plus: Dubai’s AED 2 bn Trump Tower will launch in 2Q 2025
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