Latest news with #AED130
Hi Dubai
14-05-2025
- Business
- Hi Dubai
DEWA Joins MSCI Emerging Markets Index
Dubai Electricity and Water Authority (DEWA) has been added to the MSCI Emerging Markets Index, a major global benchmark, in a move expected to draw significant international investor interest. The inclusion takes effect after market close on 30 May 2025. DEWA, the sole provider of electricity and water in Dubai and the largest company listed on the Dubai Financial Market (DFM), becomes one of the UAE's key representatives in the index. With a market capitalisation exceeding AED130 billion, DEWA was among the largest additions by full company size in this index review. Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, called the inclusion a "pivotal milestone" and highlighted the company's alignment with Dubai's clean energy goals and strong dividend record. 'Our fundamentals, governance, and operating standards reflect global best practices,' he said, adding that DEWA remains committed to long-term value creation. The MSCI Emerging Markets Index captures large and mid-cap equities across 24 countries and is tracked by funds managing over US$7 trillion. Inclusion typically triggers automatic capital inflows from passive and index-linked investment products, offering increased visibility and liquidity to new entrants. Analysts expect DEWA to benefit from heightened foreign investor interest and deeper market participation. The move also strengthens the UAE's growing role in global capital markets and underscores the appeal of its infrastructure assets. DEWA's 2022 IPO was one of the region's largest, and its latest milestone signals continued momentum in its evolution as a publicly traded company. News Source: Emirates News Agency
Arabian Business
12-04-2025
- Business
- Arabian Business
Dubai real estate: AMIS Development launches $27mn Woodland Crest Project in Meydan
AMIS Development unveiled Woodland Crest, an AED100 million residential development in Meydan Avenue, Dubai, during a launch event at the Mandarin Oriental Jumeira yesterday. The project, scheduled for completion in the second quarter of 2027, introduces a construction-linked payment structure where 75 percent of payments are tied to building milestones—a feature currently uncommon in Dubai's property market. 'Woodland Crest reflects our vision to create a space that blends contemporary living with comfort and nature. With its unbeatable location in Meydan, innovative design, and top-notch amenities, we believe it's more than just a place to live—it's a community where people can truly grow and thrive,' Neeraj Mishra, Founder & CEO of AMIS Development said. Dubai Developer launches AED100mn residential project in Meydan The development offers 1- and 2-bedroom apartments fitted with smart home technology. Residents will have access to facilities including a rooftop gym, infinity pool, steam room, sauna, alfresco lounge, library, and AMIS Café on the ground floor. Located four kilometres from Downtown Dubai, the development is positioned five minutes from Meydan Racecourse, 12 minutes from Dubai Hills Mall, Burj Khalifa, Downtown Dubai, the Museum of the Future and DIFC, 15 minutes from Dubai Healthcare City, and 20 minutes from Dubai International Airport. AMIS Development's portfolio includes Woodland Residences, an AED 425 million villa development, and Woodland Terraces, an AED130 million project, both in Meydan's District 11.
Zawya
17-03-2025
- Business
- Zawya
AMIS breaks ground on key Dubai residential project
UAE - Luxury real estate builder AMIS Development has broken ground on Woodland Terraces, an AED130 million ($35 million) residential project located in District 11, Meydan. This milestone marks the beginning of construction for the modern luxury development, which is scheduled for completion in Q1 2027, said the developer. Designed for modern living, the residences at Woodland Terraces include one-, two- and three-bedroom apartments featuring en-suite bathrooms, walk-in closets, and dedicated laundry areas to provide both style and functionality. Residents will have access to a rooftop infinity pool, sporting amenities, a state-of-the-art fitness center, a yoga area, and an outdoor theater, while the ground floor includes a kids play area, a grand lobby, and a signature AMIS Café, it stated. Speaking at the groundbreaking ceremony, Neeraj Mishra, the Founder and CEO of AMIS Development, said: "Breaking ground on Woodland Terraces is a testament to our vision of delivering exceptional homes that blend modern aesthetics with unparalleled comfort. Our project will be a defining addition to Meydan's landscape, offering residents an elegant and contemporary lifestyle." "With a strong foundation and unwavering dedication, we are excited to bring this development to life by Q1 2027," he stated. Following the sell-out of The Woodland Residences in Meydan, Woodland Terraces advances AMIS Development's mission to create meticulously designed homes that emphasize open-plan living, expansive terraces, and floor-to-ceiling glass facades, he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
15-03-2025
- Business
- Trade Arabia
AMIS breaks ground on key Dubai residential project
Luxury real estate builder AMIS Development has broken ground on Woodland Terraces, an AED130 million ($35 million) residential project located in District 11, Meydan. This milestone marks the beginning of construction for the modern luxury development, which is scheduled for completion in Q1 2027, said the developer. Designed for modern living, the residences at Woodland Terraces include one-, two- and three-bedroom apartments featuring en-suite bathrooms, walk-in closets, and dedicated laundry areas to provide both style and functionality. Residents will have access to a rooftop infinity pool, sporting amenities, a state-of-the-art fitness center, a yoga area, and an outdoor theater, while the ground floor includes a kids play area, a grand lobby, and a signature AMIS Café, it stated. Speaking at the groundbreaking ceremony, Neeraj Mishra, the Founder and CEO of AMIS Development, said: "Breaking ground on Woodland Terraces is a testament to our vision of delivering exceptional homes that blend modern aesthetics with unparalleled comfort. Our project will be a defining addition to Meydan's landscape, offering residents an elegant and contemporary lifestyle." "With a strong foundation and unwavering dedication, we are excited to bring this development to life by Q1 2027," he stated.
Zawya
12-03-2025
- Business
- Zawya
Tech firm Alpha Data's shares jump nearly 7% on market debut
Alpha Data, a UAE-based technology services company which sold a 40% stake in an Abu Dhabi IPO to raise 600 million dirhams ($163 million), saw its shares climb nearly 7% on debut on Tuesday. The broader market fell 0.17%. Alpha Data opened at AED 1.53 and oscillated between an intraday low of AED1.51 and an intraday high of AED 1.70. It closed at AED 1.60, signalling an intraday gain of 6.67%. 'The solid opening indicates robust underlying demand and positive market sentiment toward the company's fundamentals and prospects,' said Vijay Valecha, Chief Investment Officer at Century Financial. The company has a market capitalization of AED1.6 billion or $408 million. The IPO, the year's first in the UAE, attracted substantial interest from both domestic and international investors, and resulted in double-digit oversubscription levels. 'This is attributable to a plethora of factors. For starters, Alpha Data operates in the high-growth digital infrastructure and tech sector – which is an area of interest for most investors. Additionally, the company's recurring revenue model, strong presence in the tech sector, and alignment with the government's digital transformation agenda have made it a compelling investment for investors." The company has said it expects to distribute a dividend of AED130 million in 2025, a yield of 8.7%. 'Alpha Data's dividend yield is expected to reach 8.7%, positioning it among the highest offered by listed companies in the UAE,' said Valecha. Yield-seeking investors will be inclined to invest in such a company, particularly since this high-growth sector is not known for paying attractive dividends to shareholders, he added. 'If the company maintains this payout policy, it could appeal to both growth and income-oriented investors—offering an appealing combination of capital appreciation potential and steady yield,' Valecha added. (Reporting by Brinda Darasha; editing by Seban Scaria)
