Binghatti and ADIB to bring Sharia-compliant Home Finance solutions to the UAE real estate market
Binghatti has a strong record of on-time unit delivery supported by its in-house vertically integrated business model, comprising design, build and materials sourcing. In 2024, Binghatti saw sales of AED 11.6 billion, a 161% year-on-year increase, driven by 16 successful project launches and the timely delivery of 3,700 units. Collaborations with renowned global luxury brands like Mercedes-Benz, Bugatti, and Jacob & Co., as well as prestigious clientele including football star Neymar Junior and renowned musician Andrea Bocelli, further elevated the company's market position. Binghatti's recent strategic acquisition of over 13 million sqft of prime land, with a development value exceeding AED 26 billion, underscores its ambitious future growth plans.
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Al Bawaba
a few seconds ago
- Al Bawaba
OPPO launches Reno14 series in the UAE packed with new AI features and Google Gemini partnership
OPPO yesterday launched its latest AI phone line-up in the UAE, the OPPO Reno14 series. Blending form, function, and next-level mobile creativity, the series includes the Reno14 F 5G, Reno14 5G, and Reno14 Pro 5G — each elevating everyday moments with OPPO's most intelligent imaging its stunning Iridescent Mermaid Design and OPPO's cutting-edge AI Flash Photography, the Reno14 series leverages next-generation AI capabilities, forged in partnership with Google Gemini, delivering unparalleled performance and intelligent to empower users across everyday scenarios, the Reno14 Series is equipped with AI Livephoto 2.0 and advanced AI editing and productivity features, all housed in a durable IP69-rated body, ensuring exceptional durability and peace of mind for the discerning UAE consumer.'Since 2019, the Reno series has empowered users across the UAE to capture life's beauty, consistently pushing smartphone innovation,' said Lay Ren, President of OPPO MENA.'With more than 130 million Reno phones sold globally, users trust us for young, trendy, and industry-leading photography. The Reno14 Series, with advanced AI and Google Gemini, promises to continue this leadership, helping everyone 'Make Your Moment, Celebrate Your Spark in the heart of the Emirates'.'OPPO Reno14 F 5G: The epitome of style and celebrationThe Reno14 F 5G stands out as OPPO's most stylish and celebration-ready phone. Drawing inspiration from the 'mermaidcore' trend, its Iridescent Mermaid Design is achieved through an industry-first Iridescent Glow Process, layering twelve finishes to create microscopic, light-reflecting textures, adding a dynamic, flowing glow. Ultra-slim at 7.74mm and lightweight at 180g, it's effortlessly portable and available in Opal Blue and Luminous the 'king of flash photography', the Reno14 F 5G features an upgraded large Sony sensor on its ultra-clear 50MP main camera and a powerful dual-flash system, offering 100% higher brightness at a distance of one meter. This ensures bright, vivid details, even in low-light and group photos. Its continuous-fill mode enables crystal-clear LivePhotos, and it supports 4K ultra-clear video Reno14 F 5G also boasts advanced editing features, including an AI Editor, AI Recompose for instant angle correction, and AI Perfect Shot, which utilizes generative AI to refine expressions and correct closed eyes. Durability is ensured with IP69 dust and water resistance, and it supports 4K Ultra HD underwater Perfect ShotGamers will appreciate the AI Ultra-thin Dual-Drive Cooling System, featuring a 4,290 mm² Vapor Chamber and 9,130 mm² of graphite material, combined with AI HyperBoost 2.0, which ensures smooth gameplay and comfortable temperatures. The AI LinkBoost 3.0 guarantees stable connections, while the Snapdragon 6 Gen 1 mobile platform delivers powerful performance. A massive 6,000mAh battery with 45W SUPERVOOC Flash Charge provides up to 2.24 days of use or 10 hours of nonstop Reno14 5G: elegance and enhanced photographyThe Reno14 5G elevates elegance with its Velvet Glass back cover, offering a silky-smooth, fingerprint-free touch. It features ultra-thin bezels for an immersive viewing experience and an aerospace-grade aluminum frame with a flagship One-Piece Sculpted Glass design. Exclusive colour options include Opal White and Luminous on the Reno14 5G is significantly upgraded with a 3.5x telephoto lens and a 50MP flagship Sony camera sensor, alongside an 8MP ultra-wide camera. Its triple-lamp flash delivers industry-leading brightness, twice as luminous as the previous Reno, and 10x brighter at 2 meters. It supports 4K HDR ultra-clear video capture for stunning detail and natural colour gaming performance, the Reno14 5G introduces Dual Gaming Engines, powered by the Dimensity 8350's HyperEngine for native high-frame gameplay. It packs a 6,000mAh+ battery and lightning-fast 80W SUPERVOOC charging, reaching 100% in just 48 minutes, offering up to 2.25 days of use or 10 hours of MOBA (multiplayer online battle arena) Reno14 Pro 5G: Pro-level creativity with powerhouse performanceMeanwhile, the top-of-the-line Reno14 Pro 5G is the ultimate powerhouse for pro-level creativity, combined with a sophisticated Titanium Grey colourway for a premium look. Its professional camera setup includes an industry-leading flash and a full-range, ultra-clear triple camera system featuring a wide-angle lens, a main camera, and a telephoto camera, each equipped with a massive 50MP resolution. This marks a significant upgrade, with even the wide-angle lens now delivering crystal-clear 50MP imagery. Users can expect sharp, high-quality results across every focal length, ensuring impressive captures every Pro 5GThe Reno14 Pro supports 4K HDR ultra-clear video at all focal lengths, capturing every detail from dark shadows to bright highlights with smooth colour transitions. Thanks to dedicated support for 4K 60fps video on the Dimensity 8450 and OPPO's advanced HDR video tuning, it can record up to 4 hours of 4K HDR Reno14 Pro features a larger battery and comes with an 80W wired charger and an all-new 50W wireless SUPERVOOC Flash Charge, allowing for 47 minutes of charge to reach full capacity that lasts for 2.30 days or 10 hours of MOBA 15 with Google Gemini: System-level AI integration All Reno14 Series devices run on the ultra-smooth, AI-driven ColorOS 15, based on Android 15. ColorOS 15 ensures long-term smoothness with the Trinity Engine and Luminous Rendering Engine, backed by 5x ColorOS upgrades and six years of security updates.A cornerstone of the Reno14 Series' intelligence is its deep integration with Google Gemini, marking Reno's first truly system-level AI experience. The series comes with the Google Gemini app pre-installed, allowing users to interact via text, voice, photos, and camera for writing, planning, and learning. Gemini will soon connect to OPPO apps like Calendar, Notes, and Alarm, enabling seamless workflows. Gemini Live offers real-time responses for complex topics, and Private Cloud Compute, developed with Google Cloud, ensures data privacy while enjoying powerful AI and AvailabilityThe OPPO Reno14 Series is now available for pre-order in the UAE, starting today, July 31, 2025. Pricing and bundled offers are as follows:Reno14 F: AED 1,499, includes complimentary OPPO Enco Buds 3 Pro and a 12-month screen and waterproof protection plan (valued at AED 899).Reno14 5G: AED 1,999, includes complimentary OPPO Enco Air4 earbuds, and a 12-month liquid and screen protection warranty (valued at AED 999).Reno14 Pro 5G: AED 2,599, includes complimentary OPPO Enco Air4 earbuds, and a 12-month liquid and screen protection Cross-Country Warranty Service continues to provide peace of mind, as devices purchased in the GCC are eligible for service, repairs, and upgrades at authorized OPPO locations across the celebrate the launch, OPPO is offering an exclusive trade-in promotion from August 1st to 17th, 2025. Customers trading in their old smartphones will receive an additional AED 200 on top of the assessed trade-in value when purchasing any device from the Reno14 part of the launch bundle, customers will also receive complimentary OPPO audio accessories:Reno14 Pro 5G and Reno14 5G buyers will receive the OPPO Enco Air4 earbuds (valued at AED 249).Reno14 F 5G buyers will receive the OPPO Enco Buds3 Pro (valued at AED 199). Offer is available for a limited time, exclusively at participating retailers across the UAE, including Sharaf DG, Emax, and Jumbo Electronics. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Al Bawaba
a few seconds ago
- Al Bawaba
UAE's affluent investors lead global shift to alternatives and gold
Affluent investors in the UAE are at the forefront of a transformation sweeping wealth management worldwide, according to HSBC's 2025 Affluent Investor Snapshot. The report highlights how UAE-based investors are not only outpacing global averages in confidence and agility but also deepening their exposure to alternative assets and international opportunities—reflecting the region's dynamic approach to building and protecting wealth. The data gathered from 10,797 individual investors in 12 markets shows a growing appetite for diversification across asset classes and geographies. Younger investors, especially Gen Z, are leading this shift, having tripled their allocations to alternative assets over the past 12 months. Overall, 5 in 10 affluent investors globally expect to have alternative investments in their portfolios within the next year – twice the current level of ownership – with 3 in 10 saying they will have private markets exposure. Portfolio shifts Cash allocations in UAE portfolios have plummeted to just 13%, the lowest globally and well below the 20% global average, as investors move decisively to put their cash to work. The UAE data shows gold allocations rose by 5 points with 57% affluent investors planning to invest in gold—and nearly four in ten interested in tokenised gold. Alternatives - such as private market funds and hedge funds - are owned by 36% of affluent investors which is a 4% rise on last years cohort. Confidence in achieving goals UAE investors lead the global data in terms of confidence: • 86% are confident in achieving short-term goals (vs. 81% globally) • 78% are confident in medium-term goals (vs. 72% globally) • 85% are confident in long-term goals (vs. 76% globally) • Satisfaction with quality of life is at 85%, which is higher than the global average of 76%. Commenting on the UAE data within the global context, Head of International Wealth and Premier Banking (IWPB), Middle East, Dinesh Sharma, said: "With cash allocations at the lowest globally, UAE investors are actively putting their cash to work, including looking at alternative investments and gold as part of a diversified portfolio. Our research shows that UAE investors are not only focusing on local opportunities like home ownership but are also embracing international diversification, with the US and UK among their preferred overseas markets. "The point on greater confidence among UAE investors is consistent with the bigger picture which shows so many wealthy and talented individuals coming to the UAE over the past few years. This is a big trend which underpins why we are scaling up our investment here and further establishing our commitment to be the preferred wealth partner for international customers. "We see the UAE as a dynamic hub for wealth management in the Middle East and fully expect this segment to continue to sustainably grow in the medium and long term." Global perspective 56% of UAE affluent investors plan to expand internationally—more than any other surveyed market. The US, UK and Germany are the preferred destinations for overseas investment accounts. The top channels for investment information are social platforms (53%), bank digital channels (38%), and non-bank digital channels (35%)—with a strong reliance on expertise from wealth specialists (62%) and family members (35%) for decision guidance Globally, younger generations are leading the move out of cash, with Gen Z and millennials reducing their average holdings from 31% to 17%. Looking ahead, however, views on cash are split. Half of affluent investors plan to keep their allocations unchanged while 2 in 10 expect to reduce and 3 in 10 expect to increase. Looking ahead, investors in the UAE are the most likely to deploy more cash (28%) and those in mainland China are the most likely to increase holdings (34%) in the next 12 months.
Al Bawaba
a few seconds ago
- Al Bawaba
Waha Capital Reports Strong First Half Results as Net Profit Attributable to Shareholders Rises to AED 209 Million
Waha Capital PJSC, an Abu Dhabi-listed investment management company (ADX: WAHA), today reported first-half net profit attributable to shareholders of AED 209 million, representing a return on average equity of 10.0%.The strong performance reflects Waha Capital's ability to deliver consistent results across market cycles through its diversified platforms and differentiated investment strategies. The company realised significant value from the sale of real estate assets at Waha Land, drove increased recurring fee income at its wholly owned asset manager Waha Investment, and generated solid returns from the Private Investments Capital reported total income of AED 711 million in the first half, while net profit of AED 209 million was marginally higher than the AED 205 million recorded a year earlier. Net profit for the second quarter stood at AED 128 million, compared to AED 38 million in Q2 2024, while total income for the quarter reached AED 381 million.A major highlight in the second quarter was the successful sale of built logistics and industrial assets at Waha Land to Aldar for AED 530 million, demonstrating Waha Capital's ability to monetise assets at attractive valuations. The transaction unlocked substantial value for Waha Capital's shareholders and paved the way for significant reinvestment and partnerships to accelerate the growth of the company's real estate logistics at the end of June 2025, Waha Capital's total assets under management (AUM) stood at AED 12.6 billion, an increase of 16% from AED 10.9 billion in the same period the previous year, supported by strong inflows of third-party capital into Waha Investment's credit and equity Capital's long-term track record of success was recognized by Forbes Middle East, which named the company among the Top 40 Asset Managers in 2025 for the fourth consecutive the company continued to advance its corporate social responsibility agenda in H1 2025, with initiatives focused on community welfare and food security. Aligned with the UN Sustainable Development Goals, the company partnered with Ma'an to support underprivileged communities in Abu Dhabi and Al Ain through targeted Ramadan and ongoing campaigns, including subsidized meals and essential food support for low-income Investment HighlightsWaha Investment, the wholly owned asset management subsidiary of Waha Capital, recorded H1 2025 net profit of AED 172 million, driven by rising management and performance fees and mark-to-market gains. The business continues to be underpinned by consistent inflows of capital from a wide range of regional and global institutional clients driven by the consistent multi-year outperformance 5 track record of its credit, equity and Islamic income strategies. The funds attracted significant capital in the first six months of 2025, bringing total third-party AUM to USD 2.0 billion, a 25% increase from USD 1.6 billion a year Waha Emerging Markets Credit Fund outperformed its benchmark, the JPMorgan EMBI Global Diversified Index, in the six-month period, bringing its cumulative return since inception to 283.8% versus the benchmark's 71.9% gain. The Waha MENA Equity Fund delivered a cumulative return of 381.2% since inception, significantly outperforming its benchmark, the S&P Pan Arab Composite Index, which gained 88.2% over the same the Waha Islamic Income Fund returned 30.6% since inception, outperforming its reference benchmark, the Dow Jones Sukuk Index, which gained 7.7% over the same Investments HighlightsThe Private Investments business reported net profit of AED 33 million in H1 2025, supported by value realisation from the partial disposal of a stake in one of the portfolio Health, Waha Capital's wholly owned healthcare platform, continued to demonstrate strong momentum, anchored by the Orchid Fertility business. Orchid Fertility, one of Dubai's fastest-growing IVF clinics, reached a new milestone in May with the opening of a larger facility to meet rising demand. Backed by a team of expert medical specialists and a success rate of 71%, significantly above international benchmarks, the clinic exemplifies Waha Capital's focus on high-growth, high- impact sectors such as maternal and specialised outpatient care, and its commitment to advancing the UAE's world-class healthcare of 30 June 2025, assets under management within the Private Investments division stood at AED 649 million, comprising a diversified portfolio across core, global opportunities, and mature assets in strategic Land HighlightsWaha Land generated net profit of AED 86 million in the first half of the year. A key driver of this performance was the successful sale of Stages 1 and 2A to Aldar. The transaction, which included 182,500 sqm of high-quality, income-generating industrial assets with long-term tenants, marks a strategic milestone for Waha Capital following over a decade of investment into transforming a greenfield site granted by the Abu Dhabi Government into a flagship logistics and industrial hub. In addition to the divestment, Waha Land made strong progress at Stage 2B of the development, which comprises 75,600 sqm of high-specification industrial units and is now 100% leased. Waha Land will continue to enhance the ALMARKAZ platform by focusing on the development and leasing of the remaining landbank and strategic partnerships that support further value creation - including via the potential future collaboration with Aldar.
