Search Site

Trends banner

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

Turkey’s Atis Yapi opens Dubai office

This is the company's first office in the UAE.
  • This follows signing of agreements and MoUs worth $50.7 billion between UAE President Sheikh Mohammed bin Zayed Al Nahyan and his Turkish counterpart Recep Tayyip Erdoğan in July.
  • Atış Yapı said it is set to develop a modern and competitive portfolio of residential and commercial projects in the UAE.

Dubai, UAE — Turkish real estate giant Atış Yapi announced the launch of its first office at City Walk in Dubai, following the signing of agreements and MoUs worth $50.7 billion between UAE President Sheikh Mohammed bin Zayed Al Nahyan and his Turkish counterpart Recep Tayyip Erdoğan in July 2023.

Husam Al Din Atı, Chairman Atış Yapi Group of Companies, told reporters that UAE makes for an attractive investment ground complete with ripe opportunities for market-savvy investors.

“Being a strong economy built on robust infrastructure and advanced technology, it has always attracted a wealth of investment portfolios both for buyers as well as developers. A business hub for multinational brands and a preferred residential hub for many, and logical choice for the Atiş Yapi group of companies with its diverse services such as construction, real estate, tourism, medical tourism and investment portfolios,” he said.

Maher Ayoubi, Atış Yapı’s advisor in the Middle East and Member of the Board of Directors, said the opening of the office the growing ties between the United Arab Emirates and Turkey.

“We wanted to complete the plan to open our branches in the Gulf and open our first branch in the Emirates after our success in Kuwait and the Sultanate of Oman. This step comes at a time when Dubai and the UAE in general are witnessing a boom in the real estate sector, which constitutes an exciting opportunity for international investments,” he said.

Atış Yapı is set to develop a modern and competitive portfolio of residential and commercial projects in the UAE and aims to provide comprehensive real estate solutions at ideal locations, the company said in a statement.