Royal Development records Dh2 billion in sales in Q1
Abu-Dhabi based real estate development management company Royal Development Company — a subsidiary of Emirates Stallions Group — has achieved Dh2 billion in sales in Q1 of 2025, compared to Dh8 billion in all of 2024.
Established in 2010, the company has rapidly grown in the past 15 years, hitting several sales and performance milestones, gaining reputation as a major player in the international development management arena, and becoming one of the most trusted and capable companies in this field. It has extended its footprint to 15 countries in the Middle East, Africa, the Americas, Europe and Asia, enriching communities and shaping the global real estate landscape with over 60 transformational projects spanning hospitality, residential, and mixed-use developments.
ESG's CEO Kayed Khorma said: 'Since its establishment, Royal Development Company has gained an unmatched reputation for delivering distinctive projects, supporting the realization of Abu Dhabi's Economic Vision 2030 and leaving its mark on the global real estate industry. We are proud of having them as a subsidiary of ESG since 2021, which helped unlock numerous opportunities for the company to showcase their global expertise in delivering outstanding residential and hospitality projects that illustrate their architectural creativity and effective business practices.'
Tariq Nazzal, GM of Royal Development Company commented: 'At Royal Development Company, we've built our name on our proven multi-disciplinary expertise, extensive market knowledge, and holistic real estate development management approach to constantly exceed clients' expectations, from investors seeking exceptional returns to developers looking for a knowledgeable and trustworthy partner. Today, our clients' ever-growing trust is the measure of our success as we remain fully committed to applying best industry practices to the highest quality standards.'
Right after Royal Development Company became a subsidiary of ESG, it was assigned with the development management of Reem Hills - a new luxury and eco-friendly residential community on Abu Dhabi's Al Reem Island – and has managed to sell all phases of the project in a record time. Similarly, Royal Development Company sold out the branded apartments at Mallside Residence - Curio Collection by Hilton, another project managed by the company. Such results clearly reflect the company's strategic prowess and operational efficiency, as well as its credibility in the market.
In addition to Mallside Residence and Reem Hills, Royal Development Company's portfolio counts numerous residential, hospitality and mixed-use projects, including Albizya Bay – Canopy by Hilton and Waldorf Astoria Platte in Seychelles; the Conrad Arzana Resort in Morocco; the Viceroy Kopaonik Hotel in Serbia, which was nominated for the 'Best of Year Awards' in 2021, courtesy of the renowned Interior Design magazine; the Scarlet Beach Resort in Greece; Reem Heights in Pakistan; and The Desert Mediation Retreat in Abu Dhabi.
The company has been actively exploring ways to integrate best sustainability practices in its developments.
'One practice that recently caught our attention is building decarbonization, a revolutionary real estate strategy using AI and data analytics to reduce carbon dioxide emissions from buildings through energy-efficient designs, sustainable materials and renewable energy sources', said GM Tariq Nazzal, adding: 'This practice is not only environmentally responsible, but also financially viable, marking a pivotal advance in our industry's role in mitigating climate change'.
Further highlighting its commitment to sustainable practices, Royal Development Company partook in ESG's initiative for the restoration of mangroves at Umm Yifenah island in Abu Dhabi.
In that perspective, ESG's CEO Kayed Khorma said: 'Through such initiatives, ESG not only supports the ecological health of Abu Dhabi, but also reinforces its role as a leader in corporate responsibility. The event was a powerful ESG team building activity that enriched our collective understanding of environmental challenges and demonstrated a strong commitment to steering our community towards a more sustainable and resilient future.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
34 minutes ago
- Zawya
IEA launches new global LNG capacity tracker
The global natural gas market is expected to transition to a period of abundant supply in the coming years – largely due to an increase in global capacity to produce and export liquefied natural gas (LNG), a report said. IEA has launched a new online resource that will make key LNG data publicly available, providing detailed information on a rapidly evolving market for the first time, said a Wam news agency report. The IEA's new Global LNG Capacity Tracker, out on Saturday, monitors final investment decisions for new LNG export projects and provides data on liquefaction capacity additions through 2030, based on projects that are currently under construction and the latest ramp-up schedules. It will be updated regularly. The world currently has about 670 billion cubic metres (bcm) per year of LNG liquefaction capacity. Slower-than-average capacity growth in recent years has led to higher prices amid robust demand. But capacity is set to rise strongly through the end of the decade, with significant implications for global gas markets. Between 2025 and 2030, a total of nearly 290 bcm per year of new LNG export capacity is expected to come online from projects that have already reached a final investment decision and are under construction, according to the Tracker. The pace and scale of this expansion of supply capacity remains uncertain and may shift over time. Given this, the Tracker will aim to reflect the latest developments, providing timely insights for governments, industry and other stakeholders. The IEA closely monitors developments in natural gas markets, which play a central role in global energy security today. This work includes the publication of the quarterly Gas Market Report as well as special reports, such as the India Gas Market Report published in February. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
34 minutes ago
- Zawya
MENA region records 225 M&A deals worth $46bln in Q1
Doha: According to the latest EY MENA M&A Insights 2024report, the MENA region witnessed 225 M&A deals in Q1 2025, up from the 172 deals recorded in Q1 2024, reflecting a 31% increase in deal volume when compared year-on-year. Total deal value rose by 66% to US$46bn in Q1 2025, when compared to $27.6bn in Q1 2024. Cross-border deals were the primary driver of M&A activity in the MENA region, contributing 52% of total deal volume with 117 deals and 81% of total deal value at $37.3bn. The first quarter of 2025 recorded the highest cross-border deal activity both in volume and value when compared to the same period in the past five years, as companies increasingly pursued growth and diversification beyond domestic markets. Brad Watson, MENA EY-Parthenon Leader, says: 'In 2024 we saw a steady flow of M&A deals and the MENA region continues to exhibit a robust influx of M&A transactions in 2025. This is supported by regulatory reforms, policy shifts, and a favorable macroeconomic outlook, including easing interest rates and improved investor sentiment.' 'This growth is also reflected in the steady increase of domestic M&A activity, whichcontributed48% of total deal volume in Q1 2025. The rise in domestic M&A transactions aligns with the IMF projection that MENA GDP will grow by 3.6% this year and is further supported by the strong global M&A momentum. Companies are realigning their strategies to better accommodate the need for diversification, digital transformation, and the integration of emerging technologies.' In the MENA region, the United Arab Emirates (UAE) remained the top target country with 63 deals totaling $20.3bn in Q1 2025. Kuwait ranked second in terms of deal proceeds, reaching $2.3bn, driven by two major transactions in the Diversified Industrial Products and Power & Utilities sectors. During the first three months of 2025, Canada attracted the highest outbound deal value from MENA investors at US$6.4b, while the USA remained the preferred target destination in terms of deal volume. Sovereign Wealth Funds (SWFs) like ADIA, PIF, and Mubadala, along with other government-related entities (GREs), remained key M&A drivers in Q1 2025, aligning with national economic strategies and diversification goals. In the first quarter of 2025, M&A activity in the MENA region witnessed a 20% increase in deal volume while deal value rose significantly reaching US$8.7b as compared to $1.69bn recorded in Q1 2024. The technology sector led domestic M&A activity in MENA in Q1 2025, contributing 37% of total domestic deal value and 27% of total domestic deal volume. The largest domestic deal during the first quarter of the year was a $2.2bn acquisition where Group 42, an Abu Dhabi based AI and cloud computing firm, agreed to acquire a 40% stake in Khazna Data Centres, a digital infrastructure provider. Anil Menon (pictured), MENA EY-Parthenon Head of M&A and Equity Capital Markets Leader, says: 'The MENA deal markets remained resilient despite lack of clarity on two fronts: the impact of monetary policy on cost ofcapital and the ongoing tariff and trade discussions. The MENA deal book for the remainder of 2025 is promising and we can expect to see increased activity in consumer, technology, and energy sectors. In addition, with AI expected to drive material shifts in fundamental value, we can expect to see significant capital allocation in technology.' © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
34 minutes ago
- Zawya
Qatar Central Bank's foreign reserves grow 3.60% in May 2025
Doha: Qatar Central Bank (QCB) saw a 3.60 percent increase in its foreign currency reserves and liquidity, reaching QR 258.135 billion in May 2025, up from QR 249.165 billion in May 2024. According to figures released by QCB, its official reserves rose by QR 8.706 billion, or 4.57 percent, year-on-year, reaching QR 198.712 billion by the end of May 2025. This increase occurred despite a decline of about QR 6.044 billion in QCB's foreign bonds and treasury bills, which totaled QR 132.902 billion in May 2025. The official reserves include key categories such as bonds and foreign treasury bills, balances with foreign banks, gold, Special Drawing Rights (SDRs), and the State of Qatar's share in the International Monetary Fund (IMF). In addition to the official reserves, there are other liquid assets, namely foreign currency deposits. Together, these components make up what is referred to as the total foreign reserves. As of the end of May 2025, gold reserves increased by nearly QR 16.012 billion year-on-year, reaching QR 44.339 billion, compared to QR 28.327 billion in May 2024. The balance of Special Drawing Rights (SDRs) deposits from the State of Qatar's share with the IMF increased by QR 67 million year-on-year, totaling QR 5.253 billion by the end of May 2025. Balances with foreign banks decreased by nearly QR 1.328 billion, reaching QR 16.416 billion at the end of May 2025, compared to May 2024. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
