Binghatti Holding, a UAE property development company, will debut its US dollar sukuk in the “coming days,” subject to market conditions. The debut US dollar sukuk issuance, anticipated to be of benchmark size, is intended to have a three-year maturity and will support the company’s plans to diversify its funding base, a release stated. Emirates NBD, Dubai Islamic Bank, Abu Dhabi Islamic Bank, HSBC, Mashreq, Sharjah Islamic Bank, and RAKBANK have been appointed as Joint Lead Managers and bookrunners on the contemplated inaugural debt capital markets transaction. Fitch Ratings recently assigned Binghatti Holding a B+ credit rating, with a positive outlook. Binghatti recently announced

Sheikha Bodour Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), has opened two new exhibitions, titled “Consciousness in Flux. Faig Ahmed” and “Hard Edges. Khalid Al Banna” at the Maraya Art Centre in Sharjah - a non-profit creative initiative by (Shurooq) that supports the region’s emerging and established artists. Both exhibitions will be running until 1st August 2024. The opening ceremony was attended by the CEO of Sharjah Investment and Development Authority (Shurooq), H.E. Ahmed Al Qaseer, as well as notable dignitaries from the art and culture sector of the UAE. In addition, representatives of the in-kind supporter Air

The annual report issued by Sharjah Real Estate Registration Department revealed that the volume of real estate transactions carried out during 2023 in the Central and Eastern Regions of the emirate, amounted to AED1.2 billion, compared to AED1 billion during 2022. These transactions were in 114 areas through the department’s branches in the Central Region and cities of Khor Fakkan, Dibba Al-Hisn, and Kalba, and the total real estate transactions carried out through the department’s branches reached 26,172. The trading volume in the four branches represented 4.4% of the total trading in the real estate sector in Sharjah during the same period.

The annual report issued by Sharjah Real Estate Registration Department revealed that the volume of real estate transactions carried out during 2023 in the Central and Eastern Regions of the emirate, amounted to AED1.2 billion, compared to AED1 billion during 2022. These transactions were in 114 areas through the department’s branches in the Central Region and cities of Khor Fakkan, Dibba Al-Hisn, and Kalba, and the total real estate transactions carried out through the department’s branches reached 26,172. The trading volume in the four branches represented 4.4% of the total trading in the real estate sector in Sharjah during the same period.

Alef Group has expressed its pride in serving as an Enable Partner for the Sharjah Entrepreneurship Festival, which will be held on February 3 and 4, 2024, and is organised by the Sharjah Entrepreneurship Centre, "Sheraa’’. As the leading real estate company in the Emirate of Sharjah, Alef Group offers a modern lifestyle model and unique experiences to enhance luxurious living. The Group also plays a pivotal role in catering to the evolving needs of the new generation of entrepreneurs actively contributing to the development of Sharjah. Confirming its commitment, Alef Group stated that its support for national festivals aligns with its

After 16 years of extensive exploration and testing, a research team from American University of Sharjah (AUS) and the Sharjah Research Technology and Innovation (SRTIP) are set to throw open the doors of the precast building made of conductive concrete used for shielding. Located at the SRTIP, the innovative building uses a concrete mix that provides protection from electromagnetic pulses (EMP), otherwise known as electronic sabotage, for the protection of vital civilian and military infrastructure. Two patents have already been filed with the United States Patent and Trademark Office for the technology. The path-breaking innovation is the brainchild of two lead researchers

Master developer Arada has reported a doubling of sales during 2023 to Dh7.02 billion following unprecedented demand for its premium communities in Sharjah and Dubai. The master developer saw a 100 per cent increase in the total value of property sold compared to the previous 12 months, buoyed by continued international interest in the UAE property markets. In total, Arada sold 2,824 homes in 2023, a 25 per cent gain on the previous year, once again reflecting the recent trend of buyers investing in larger and higher-value villas and apartments. During the year, Arada also completed 2,610 homes at the Dh35 billion

The UAE’s property market will see the delivery of 42,000 residential units across Dubai and Abu Dhabi in 2024. Approximately 34,000 units are scheduled to be delivered in Dubai, while 8,000 units are anticipated in Abu Dhabi this year, according to a report from global real estate services company JLL. The outlook is consistent with Dubai’s booming real estate sector last year, which witnessed an uptick in its supply of new residential units in 2023. According to JLL, 36,000 new homes were delivered last year, with apartments comprising the majority, which raised the total stock to over 719,000 units. Similarly, in Abu Dhabi,

Chaired by Her Excellency Sheikha Bodour bint Sultan Al Qasimi, President and Chairperson of the Board of Trustees of American University of Sharjah (AUS), the AUS Board of Trustees approved several academic and operational resolutions at its recent meeting. ‘Our strategic priority is to ensure the American University of Sharjah continually improves and enlarges its proposition, and this raft of decisions taken by the Board takes us closer to that vision. With new degrees, an expanded online offer, and plans afoot for new research centers, we’re laying the ground to meet the expectations of tomorrow’s students and academics in a fiercely

The activities of “ACRES 2024”, organised by Sharjah Chamber of Commerce and Industry (SCCI) and Sharjah Real Estate Registration Department (SRERD), was concluded on Saturday evening, at the Sharjah Expo Centre during the period from January 17th-20th. The exhibition achieved Real Estate deals with a total surpass AED 1.4 billion for all projects, and witnessed a huge public turnout by citizens, residents, investors, and businessmen from inside and outside the UAE, in addition to private and public Real Estate institutions. Moreover, exhibitors and visitors praised the great organisation and management of the exhibition. Because of its distinguished reputation, the exhibition has attracted