Gulf House Real Estate Developer launches to redefine iconic living in Dubai - Middle East Business News and Information
Dubai, UAE: Gulf House Real Estate Developer is announcing its entry into Dubai's dynamic luxury real estate market, unveiling a bold vision for crafting iconic living experiences that redefine elegance and sophistication.
Gulf House Real Estate Developer will stand at the forefront of architectural innovation, creating properties that will push and elevate the current boundaries of luxury living in Dubai. With the iminent launch of its upcoming flagship project, Olaia Residences on Palm Jumeirah, Gulf House is set to transform the landscape of luxury living in one of the world's most prestigious cities.
Founded by Eng. Mohammed Mana Sultan Aballala, a seasoned businessman and investor, Gulf House combines technical expertise with a deep understanding of Dubai's thriving property market. At the core of the company's vision is a belief that true elegance lies in bespoke homes—crafted to reflect the individuality, tastes and aspirations of each discerning client.
Eng. Mohammed Mana Sultan Aballala said: 'As someone who has invested in the Dubai property for a long time, I have always had a passion for real estate and an urge to one day launch a real estate company that would push the boundaries of what is currently being done by developing exceptional and iconic properties. I also believe that luxury is more than just architecture, which means we will be putting personalized service at the heart of everything we do. From the first conversation to final handover and beyond, we will go the extra mile—ensuring that our clients experience not just a home, but a lifestyle tailored exclusively for them.'
Aballala brings an impressive portfolio of achievements, including leadership roles in multi-billion-dollar projects across Saudi Arabia and successful ventures in cement and mining industries. In 2022, he sold the most expensive villa on Palm Jumeirah for AED 280 million.
Gulf House Real Estate stands at the forefront of architectural innovation, creating properties that reflect individuality, taste and aspirations. With a strong foundation rooted in expertise and a commitment to excellence, Gulf House is poised to become a leading name in Dubai's luxury real estate market.
About Gulf House Real Estate Developer:
Gulf House Real Estate Development stands at the forefront of luxury living, dedicated to creating iconic residences that challenge architectural conventions and redefine the meaning of elegance. With a commitment to bespoke design, our developments are curated for discerning individuals seeking homes that reflect their personal taste, lifestyle, and aspirations.
Our philosophy is simple yet powerful: true luxury is not massproduced—it is tailor-made. We work hand-in-hand with globally renowned architects, interior designers, and artisans to shape residences that offer both aesthetic brilliance and functional perfection
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
2 hours ago
- Mid East Info
Al Ansari Financial Services' H1 2025 operating income increases by 13% to a record AED 638 million - Middle East Business News and Information
H1'25 Financial and Operational Highlights 13% YoY increase in Operating Income to AED 638 million attributed to the consolidation of BFC Group results from Q2 2025 (post acquisition) and the robust performance across the majority of business lines. Operating Income 11% YoY increase in EBITDA to AED 287 million with an EBITDA Margin of 45% due to increase in operating income. EBITDA Net profit after tax increased by 3% YoY to AED 212 million due to the increase in operating income arising from the consolidation of BFC Group results, offset by the increase in finance cost as a result of the shareholder's loan availed for the BFC acquisition. Total Transactions increased by 10% YoY to 28 million transactions. Outward Remittances value of transactions saw a 12% increase YoY. Bank Notes value of transactions reported a 105% increase YoY. Wage Protection System (WPS) number of salary disbursals saw a growth of 25% YoY . . Digital channels reported an increase of 30% YoY in the number of transactions, accounting for 23% of the overall outward remittances. Expansion in line with the Group's strategy and ambition, solidifying its market leadership position and regional plans. The Group's total number of physical branches reached 439 in H1'25, with Al Ansari Exchange reaching a total of 274 branches in UAE, as a result of 15 net new branches since H1'24 and 165 net branches acquired as part of BFC, across Bahrain, Kuwait and India. Al Ansari Exchange in Kuwait acquisition formalities is expected to be completed by the end Q3'25 (subject to regulatory approvals). Al Ansari Digital Wallet is set to be launched in Q3'25. Dubai, UAE – August 2025: Al Ansari Financial Services PJSC (DFM: ALANSARI) ('the Group'), the largest non-banking financial institution and services provider in the GCC, has delivered a resilient and record breaking performance in the first half of 2025 ('H1'25'), reporting a 13% year-on-year (YoY) increase in operating income to AED 638 million, attributable to the consolidation of BFC Group results from Q2 2025 and the strong performance across the majority of business lines. This growth, achieved despite persistent geopolitical headwinds, reinforces the Group's resilience, market leadership and the success of its long-term strategy to drive sustainable growth by capitalising on the UAE's and wider GCC's robust economic momentum. Financial Highlights: In AED thousands (unless otherwise stated) H1'25* H1'24 % change (YoY) Q2'25 Q2'24 % change (YoY) Operating Income 638,364 567,055 +13% 344,160 292,329 +18% EBITDA 287,051 257,917 +11% 149,386 135,502 +10% EBITDA Margin (%) 45.0% 45.5% 43.4% 46.4% Net Profit after Tax 212,244 205,476 +3% 103,390 106,732 (3%) Earnings per Share 0.0283 0.0274 +3% 0.0138 0.0142 (3%) Free Cash Flow (FCF) 269,790 242,019 +12% 137,213 127,181 +8% Operational Highlights H1'25* H1'24 Change (unit) (YoY) No. of physical branches 439 259 180 net branches since H1'24 Total No. of transactions 27.6 mn 25.0 mn +10% * H1'25 figures include BFC Group results H1'25 FINANCIAL PERFORMANCE COMMENTARY Operating Income demonstrated an increase of 13% YoY driven by the consolidation of BFC figures and robust performance across most of the business lines. EBITDA witnessed a sizeable 11% growth YoY, with EBITDA margin remaining consistent at 45%, despite a complex operating environment characterised by increased costs and geopolitical tensions in the region. Net profit after tax increased by 3% YoY, as a result of the increased finance costs for the acquisition loan, despite the sizeable uptick in operating income arising from the consolidation of BFC results. H1'25 OPERATIONAL PERFORMANCE COMMENTARY The total number of transactions grew by 10% compared to the same period last year, reaching 28 million transactions. The market continues to witness pressures from key remittance corridors as well as certain fintech practices and ongoing geopolitical tensions, which have weighed on remittance income. Despite these headwinds, Remittance Operating Income rose by 2% YoY, reflecting the Group's robust fundamentals and market adaptability. Although geopolitical tensions in certain markets have exerted pressure on the banknotes business, the Group demonstrated resilience in this segment, reporting a substantial 26% YoY increase in Banknotes Operating income. Strategic partnerships, strong overall performance and increased demand on our prepaid cards, the consolidation of BFC figures and the GCC's surge in tourism enabled us to navigate disruptions and to continue to meet and exceed customer expectations. The Group's WPS and Other Products & Services business delivered impressive growth, with operating income increasing by a robust 36% YoY. This growth was driven by the GCC's expanding labour market and ongoing infrastructure and development projects. As more employers prioritise compliance and timely salary disbursements, demand for secure, efficient payroll solutions remains strong. The Group's continued investment in digital innovation is yielding strong results, with a notable 30% YoY increase in the number of transactions conducted through its digital channels, constituting 23% of the total outward remittance transactions. This growth reflects the accelerating adoption of our digital platforms, as more customers choose the convenience, speed, and reliability of our online and mobile services. The uptick in usage is a direct outcome of our commitment to deliver a seamless and intuitive customer experience — one that builds trust and encourages long-term digital engagement. As we advance our digital transformation strategy, these early adoption trends position us well for scalable growth and deeper customer connectivity in the quarters ahead. Commenting on the results, Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, said: 'We continue our strong momentum in the first half of 2025, building upon our positive first-quarter results coupled with the consolidation of BFC results into the Group during the second quarter. Despite the ongoing geopolitical challenges and fierce competition, we achieved solid growth across our business segments through our focus and discipline on execution and customer experience. Our results are a testament to the strength of our business model, the trust of our customers, and our commitment to delivering accessible, technology-driven financial solutions. We continue to successfully grow our customer base and market share, underscoring the resilience of our brand. The continued growth in digital transactions reflects our increased efforts to drive innovation and expand access to essential financial services. Our performance across business units reinforces our central role in advancing financial inclusion and supporting the diverse needs of individuals and businesses in the UAE, the GCC and beyond. Through the acquisition of BFC Group, we have delivered on our promise, of expanding our footprint beyond UAE, where we are already the undisputed market leader. Our strategic growth initiatives and recent acquisition are designed to future-proof the company, positioning us for success in an evolving financial landscape. In addition, we have begun integrating AI into our systems, and the early results have been promising and have exceeded initial expectations . As we look ahead, we remain deeply aligned with the UAE's and the GCC's overall vision for a digitally empowered and inclusive economy. We will continue investing in technology, focusing on customer experience, and pursuing sustainable growth that delivers long-term value to our shareholders, customers, and the communities we serve.' Mohammad Bitar Deputy Group CEO of Al Ansari Financial Services, added: 'H1 2025 was defined by robust operational execution across the Group, as we focused on strengthening service delivery, driving efficiency and preparing for future growth initiatives. We achieved notable improvements in customer engagement as well as process optimisation across both our physical and digital avenues. A key milestone was the consolidation of the BFC acquisition into the results of the Group, which marks a crucial step forward in our growth strategy. This acquisition is crucial for the Group as it expands our geographic reach and enhances our ability to serve a wider and larger customer base with greater scale and capability. We are also on the verge of launching our much-anticipated digital wallet—a market-changing innovation that promises to revolutionise the way our customers manage their finances. Designed with accessibility and ease-of-use in mind, the wallet will empower customers to store, send, and spend money more conveniently and securely than ever before. We remain focused on seamless integration, operational excellence, and value add opportunities that will reinforce our market leadership in the sector.
Mid East Info
21 hours ago
- Mid East Info
Amlak Finance announces financial results for H1 2025 - Middle East Business News and Information
Dubai, United Arab Emirates:August 2025: Amlak Finance PJSC today announced its H1 2025 financial results for the period that ended 30 June 2025. The company continued to focus on prudently managing its UAE operations and balance sheet. Amlak reported a net profit after income tax of AED 18.53 million for H1 2025 compared to net profit after income tax of AED 7 million for H1 2024. Total revenue for H1 2025 increased by 61% year-on-year to AED 200 million compared to AED 124 million in H1 2024. Revenues from the share of profit from joint ventures and net income from development properties increased to AED 54 million compared to a net income of AED 5 million in H1 2024. Amlak's operating costs decreased by 3% to AED 40 million in H1 2025, compared to AED 41 million in the same period last year. Amlak completed the sale of Ras Al Khor land plots for a total consideration of AED 2.9 billion during the period, with transfer of ownership and receipt of full proceeds in July 2025. Further, Amlak successfully executed a partial sale of a 29% stake in its investment in an associate in KSA during the period. Subsequent to the period ended 30 June 2025, Amlak completed the sale of its remaining 71% stake on 31 July 2025, accordingly, fully divested its investment in the associate. The company remained committed to meeting its financial obligations, repaying AED 35 million to financiers during the second quarter. Subsequent to the period ended 30 June 2025, Amlak fully settled its remaining financiers by paying a total of AED 906 million, including profit in July 2025. Amlak Finance PJSC: Since its establishment in November 2000 as the region's pioneer financial services provider, Amlak Finance has provided its customers with innovative, Sharia-compliant property financing products and solutions designed to meet the rapidly evolving market demands.
Tahya Masr
a day ago
- Tahya Masr
Yalla Group announces strong financial results in Q2, 2025, with steady growth in revenues
Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced its financial results for the second quarter (Q2) of the fiscal year 2025, ending on June 30 . In the second quarter, Yalla Group reported revenues of AED 310.7 million (US$84.6 million), up 4.1% year-on-year. Net income rose sharply to AED 134.1 million (US$36.5 million), a 16.4% increase from AED 115.3 million (US$31.4 million) in the same period of 2024. For the first half of the year, the company posted revenues of AED 618.8 million and net income of AED 267.7 million. Additionally, Yalla Group's net margin rose to 43.2% in the second quarter of 2025, underscoring the company's ongoing improvements in operating efficiency. Average Monthly Active Users (MAUs) also increased by 8.8% year-on-year, reaching 42.4 million in Q2 2025 compared to 39.0 million in the same period of 2024. Remarkable financial results Mr. Yang Tao, Founder, Chairman and Chief Executive Officer of Yalla, lauded the remarkable financial results achieved by Yalla in the second quarter saying said: 'We delivered another strong set of results in the second quarter of 2025. Our total revenues grew to 84.6 million USD, once again beating the high end of our guidance. We also made significant strides in improving our operational efficiency by optimizing user acquisition strategies and refining our internal processes, which contributed to a year-over-year improvement in our net margin to 43.2% . This impressive performance demonstrates our ability to increase user engagement across our ecosystem and achieve high-quality, efficient growth by anticipating and meeting MENA's evolving social networking and entertainment needs.' 'Throughout Yalla's history, the Company has been committed to the long-term development of MENA's local internet industry. We were one of the first to explore online entertainment in the region, and over the past 10 years, our team has grown from 6 people to over 800 employees, serving over 40 million MAUs across the MENA region,' Tao added . He stated: 'Our product strategy prioritizes creating products with the potential to reach a massive user base, while also demonstrating a long lifecycle. We strive to develop sustainable business models for long-term growth, and we are confident that our commitment and patience will pay off as it has over the last decade. 'We will continue to refine our gaming business strategy and plan to ramp up external partnerships and our game distribution capabilities going forward to more effectively diversify our product portfolios. This will allow us to explore a broader range of game genres and offer users more diverse options, while gaining deeper insight into market dynamics and a more precise understanding of user appetites in the MENA region,' Tao noted. Sustainable growth Commending Q2 financial results, Saifi Ismail, President of Yalla Group, said: 'Our strong financial performance reflects the resilience of our business model and the strength of our user community. Such results demonstrate our ability to drive sustainable growth while continuing to deliver exceptional value to our users across the MENA region.' 'We complemented this financial success with impactful campaigns and strategic partnerships that deepened engagement. Highlights included our co-branded Yalla Ludo campaign with the Dubai Department of Economy and Tourism, which brought Dubai's cultural landmarks into gameplay, and our 9th anniversary celebrations, which set a record for gold coin consumption. These initiatives not only energized our community but also strengthened our brand's market leadership,' Ismail added . 'Looking ahead, we are committed to innovation, strategic expansion, and social impact and we will continue to enhance our product portfolio, deepen partnerships, and create meaningful experiences for our growing user base,' He stated.
