Latest news with #AED280
Arabian Business
22-04-2025
- Business
- Arabian Business
Gulf House Real Estate enters Dubai market with Palm Jumeirah project
Gulf House Real Estate Developer has announced its entry into Dubai's luxury property market with plans to launch its flagship project, Olaia Residences on Palm Jumeirah. Founded by Eng. Mohammed Mana Sultan Aballala, the company aims to create bespoke homes that cater to individual client preferences while pushing architectural boundaries in the emirate. Eng. Mohammed Mana Sultan Aballala said: 'As someone who has invested in 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 personalised 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 considerable experience to the venture, having held leadership positions in multi-billion-dollar projects across Saudi Arabia and established successful businesses in the cement and mining industries. In 2022, he sold a villa on Palm Jumeirah for AED280 million, setting a record for the most expensive property transaction in the area.
Dubai Eye
16-03-2025
- Business
- Dubai Eye
Dubai mosque development project draws AED560 million in pledges
A few property developers in Dubai have pledged a total of AED 560 million towards building and maintaining mosques in key areas in the Emirate. Representatives from Emaar Properties, Damac Properties, Azizi Developments, Danube Properties, ORO 24 Developments, and HRE Developments signed the official agreement on Saturday. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, thanked the group of mosque patrons, and real estate developers for their significant role in serving the community. The Mosque Sponsorship Initiative, he added, highlights Dubai's commitment to staying true to its values and cultural identity. AED 560 million committed to the Mosque Sponsorship Initiative to build and maintain mosques in real estate developments, serving 50,000 worshippers. — Dubai Media Office (@DXBMediaOffice) March 15, 2025 The agreement between the Islamic Affairs and Charitable Activities Department and the Dubai Land Department aims to enhance the sustainable construction, maintenance and operation of mosques in Dubai. It also expands public-private sector partnerships and contributes to achieving the goals of the Dubai 2033 plan. Emaar Properties contributed AED280 million to support 42 mosques in nine areas, with a capacity of up to 29,696 worshippers, while Azizi Developments contributed AED80 million to support three mosques in three areas, with a capacity of up to 7,000 worshippers. Damac Properties contributed AED50 million to support seven mosques in four areas, with a capacity of up to 3,600 worshippers, while ORO 24 Developments contributed AED50 million to support six mosques in three areas, with a capacity of up to 3,300 worshippers. Additionally, HRE Developments contributed AED50 million to support five mosques in three areas, with a capacity of up to 3,000 worshippers, while Danube Properties contributed AED50 million to support four mosques in two areas, with a capacity of up to 3,200 worshippers.
ARN News Center
16-03-2025
- Business
- ARN News Center
Dubai mosque development project draws AED560 million in pledges
A few property developers in Dubai have pledged a total of AED 560 million towards building and maintaining mosques in key areas in the Emirate. Representatives from Emaar Properties, Damac Properties, Azizi Developments, Danube Properties, ORO 24 Developments, and HRE Developments signed the official agreement on Saturday. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, thanked the group of mosque patrons, and real estate developers for their significant role in serving the community. The Mosque Sponsorship Initiative, he added, highlights Dubai's commitment to staying true to its values and cultural identity. AED 560 million committed to the Mosque Sponsorship Initiative to build and maintain mosques in real estate developments, serving 50,000 worshippers. — Dubai Media Office (@DXBMediaOffice) March 15, 2025 The agreement between the Islamic Affairs and Charitable Activities Department and the Dubai Land Department aims to enhance the sustainable construction, maintenance and operation of mosques in Dubai. It also expands public-private sector partnerships and contributes to achieving the goals of the Dubai 2033 plan. Emaar Properties contributed AED280 million to support 42 mosques in nine areas, with a capacity of up to 29,696 worshippers, while Azizi Developments contributed AED80 million to support three mosques in three areas, with a capacity of up to 7,000 worshippers. Damac Properties contributed AED50 million to support seven mosques in four areas, with a capacity of up to 3,600 worshippers, while ORO 24 Developments contributed AED50 million to support six mosques in three areas, with a capacity of up to 3,300 worshippers.
TAG 91.1
15-03-2025
- Business
- TAG 91.1
Dubai mosque development project draws AED560 million in pledges
A few property developers in Dubai have pledged a total of AED 560 million towards building and maintaining mosques in key areas in the Emirate. Representatives from Emaar Properties, Damac Properties, Azizi Developments, Danube Properties, ORO 24 Developments, and HRE Developments signed the official agreement on Saturday. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, thanked the group of mosque patrons, and real estate developers for their significant role in serving the community. The Mosque Sponsorship Initiative, he added, highlights Dubai's commitment to staying true to its values and cultural identity. AED 560 million committed to the Mosque Sponsorship Initiative to build and maintain mosques in real estate developments, serving 50,000 worshippers. — Dubai Media Office (@DXBMediaOffice) March 15, 2025 The agreement between the Islamic Affairs and Charitable Activities Department and the Dubai Land Department aims to enhance the sustainable construction, maintenance and operation of mosques in Dubai. It also expands public-private sector partnerships and contributes to achieving the goals of the Dubai 2033 plan. Emaar Properties contributed AED280 million to support 42 mosques in nine areas, with a capacity of up to 29,696 worshippers, while Azizi Developments contributed AED80 million to support three mosques in three areas, with a capacity of up to 7,000 worshippers. Damac Properties contributed AED50 million to support seven mosques in four areas, with a capacity of up to 3,600 worshippers, while ORO 24 Developments contributed AED50 million to support six mosques in three areas, with a capacity of up to 3,300 worshippers. Additionally, HRE Developments contributed AED50 million to support five mosques in three areas, with a capacity of up to 3,000 worshippers, while Danube Properties contributed AED50 million to support four mosques in two areas, with a capacity of up to 3,200 worshippers.
