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Aldar takes complete control of Khidmah

Aldar takes complete control of Khidmah

Aldar Properties today announced that it has acquired 40% of Khidmah – one of the UAE’s leading integrated property services companies – taking its total ownership to 100%. The acquisition reinforces Aldar’s commitment to the property management sector and its belief that world class property management is a key source of value creation for real…

Sobha Group founder unveils succession plan

Sobha succession plan

Wants to create a balance between family and non-family executive roles prior to planned London listing Dubai: The Sobha Group, with revenues of Dh1 billion from its Dubai operations, has put in place a succession plan to transition itself from a fully family-controlled business. While the founder, P.N.C. Menon will continue to be Chairman, two…

At Orascom, development is measured over decades

Orascom

With projects from UAE to Switzerland, the company is finally turning itself around Here’s a quiz for you — name a Middle East developer with hotel projects in Switzerland, a boutique resort in Montenegro, one in Oman and another at Ras Al Khaimah? And who is also building a city-within-a-city on the Red Sea shores?…

A place to call home: villa or high-rise?

villa or high-rise?

Property Weekly meets two families who talk about the upside of owning a home in Dubai Whether enjoying the view of a spectacular skyline from your high-rise apartment or the joy of landscaping your own garden, Dubai has something for every homebuyer. Here are two families who tell us the reasons behind their investments: Neha…