Dubai Investments real estate projects generate investor interest

Mirdif Hills project rendering
Updated 15 September 2017

Dubai Investments real estate projects generate investor interest

Dubai Investments PJSC, a leading diversified investment company listed on the Dubai Financial Market, has announced that its real estate projects worth over 4.5 billion dirhams ($1.2 billion) across the UAE are generating investor interest, amidst optimistic trends in the real estate sector in the country.
Dubai Investments is currently developing the Mirdif Hills project in Mirdif through Dubai Investments Real Estate Company; Green Community DIP — West Phase 3 in Dubai Investments Park through its subsidiary Properties Investment; and Fujairah Business Center in Fujairah through Al-Taif Investment, besides a number of other residential projects.
Dubai Investments currently has one of the largest land banks in the UAE, and plans to develop projects with over 20 million square feet gross floor area (GFA) in the next two years. The land banks, owned by DI subsidiaries — DIP, DIRC and Properties Investment, includes nearly 15 million square feet GFA within DIP and at strategic locations across the UAE.
Projects, which are either in planning or finalization stage, include a tower on Sheikh Zayed Road, residential buildings in Al-Nahda, Al-Barsha, Jumeirah Village Circle, Meydan and Abu Dhabi and a hotel in Bur Dubai, among others. Other projects include expansion of The Market shopping arcade in Green Community — DIP and two residential buildings in DIP.
The current projects will boost Dubai Investments’ market presence in the real estate sector, the company said. Its assets in the sector constitute over 65 percent of its total asset mix and is worth 10.82 billion dirhams, as of June 30.
Khalid bin Kalban, managing director and CEO of Dubai Investments, said: “The UAE real estate market is characterised by strong fundamentals and the government’s strategy further accentuates its reputation as the preferred investment destination in the Middle East with ample opportunities to drive added value. The real estate projects by Dubai Investments are aimed at not only rejuvenating the sector but also boosting the strong growth potential on offer.”
He added: “As a company, Dubai Investments continues its strong thrust in developing its real estate portfolio in the UAE over the next two to three years to take advantage of renewed market interest and investor confidence, particularly in the wake of the infrastructure projects to be announced for Expo 2020.”


Al-Dabbagh Group Ranked sixth on Kingdom of Saudi Arabia’s Great Place to Work List

Updated 04 June 2020

Al-Dabbagh Group Ranked sixth on Kingdom of Saudi Arabia’s Great Place to Work List

Jeddah, Saudi Arabia: Al-Dabbagh Holding Group, founded in 1962, has been ranked sixth in the Saudi Arabian private sector's best working environments for the year 2020. The ranking is compiled by Great Place to Work, a leading global organization that evaluates work environments across more than 60 countries.
This achievement comes in recognition of Al-Dabbagh Group's efforts toward creating and fostering a positive working environment for all. Employees participated in a questionnaire on work-place satisfaction, and the company policies were also subject to an external review, both of which contributed to the resulting ranking.
Al-Dabbagh Group’s Head of Human Resources, Hayfa Abu-Zabibah has said that "this achievement is the result of the Group's unique culture, derived from the philosophy of Omnipreneurship, which embraces comprehensive leadership and is made up of three principles (Giving, Earning and Sustaining) five values (integrity, passion, respect, forward-thinking, teamwork) and ten golden rules. The principles, values and golden rules provide the framework that govern the Group’s ecosystem and culture.”
Hayfa added that receiving this award will only increase the Group’s motivation to further promote this ecosystem and continue efforts toward becoming a better place to work.