Following the successful launch of the Keturah luxury concept in Dubai, MAG, one of the leading real estate developers in the UAE, announced its international expansion with the launch of Stabio Garden Living by Keturah, a new project in Stabio, Switzerland which will be developed in partnership with A++ Group, a recognised leader in real estate design and development. Valued at AED 781 million (CHF 185 million), the project will embody the Bio Living concept that incorporates nature into the built environment to improve its occupants’ physical, mental and emotional health. Stabio Garden Living by Keturah incorporates 180 units across 14 buildings

As the UAE continued to demonstrate resilience in the face of challenging global economic conditions, the real estate sector witnessed robust growth across all the major asset classes in 2023, revealed JLL’s ‘A Year in Review’UAE report. Faraz Ahmed, Research Director at JLL MENA, said: “Throughout 2023, the UAE’s real estate industry remained a top performer, particularly the office and residential sectors where there was a substantial increase in stock driven by strong demand. With the government focused on strengthening and diversifying the country’s economy, real estate will continue to be a key driver owing to the robust demand and favourable investment

The real estate and properties transactions valued at 14.2 billion in total during the week ending 26 January 2024. The sum of transactions was 4,123. 312 plots were sold for AED 2.95 billion, 2,696 apartments and villas were sold for AED 5.84 billion. The top three transactions were a land in Al Barshaa South Second sold for AED 210.1 million, followed by a land that was sold for AED 103.74 million in Saih Shuaib 2, and a land sold for AED 100 million in Saih Aldahal in third place. Madinat Hind 4 recorded the most transactions for this week by 133 sales transactions

Arada has reported a doubling of sales during 2023 to AED7.02 billion following unprecedented demand for its premium communities in Sharjah and Dubai. The master developer saw a 100 percent increase in the total value of property sold compared to the previous 12 months, buoyed by continued international interest in the UAE property markets. In total, Arada sold 2,824 homes in 2023, a 25 percent gain on the previous year, once again reflecting the recent trend of buyers investing in larger and higher-value villas and apartments. During the year, Arada also completed 2,610 homes at the AED35 billion Aljada megaproject, Sharjah’s largest mixed-use

PNC Menon, Founder and Chairman of Sobha Realty, a leading luxury real estate developer in the UAE, contributed AED 5 million to the BAPS Hindu Mandir, the first hand-carved temple being built in Abu Dhabi, to enhance its facilities and services offered to devotees. This reflects Sobha Realty’s unwavering commitment to its Corporate Social Responsibility (CSR), which focuses on fostering an inclusive, prosperous, and harmonious society. It also emphasises the developer’s dedication to promoting cultural diversity, peace, tolerance, and religious harmony in the UAE. PNC Menon, Founder and Chairman of Sobha Realty commented: “It is a great honour and privilege to contribute

Azizi Developments, a leading private developer in the UAE, announced the 90% construction completion of Creek Views II, Azizi’s AED 350 million luxury development on the shores of the iconic Dubai Creek in Dubai Healthcare City. The highly esteemed development is scheduled for handover by Q12024. Creek Views II’s unique design represents Dubai’s journey from its traditional past to a modern, reinvented future. It is strategically located in the most central part of the city and offers excellent connectivity. It comprises 587 residences across 116 studios, 436 one-bedroom apartments, and 35 two-bedroom residences, featuring two swimming pools, a sauna, a steam

The UAE’s property market will see the delivery of 42,000 residential units across Dubai and Abu Dhabi in 2024. Approximately 34,000 units are scheduled to be delivered in Dubai, while 8,000 units are anticipated in Abu Dhabi this year, according to a report from global real estate services company JLL. The outlook is consistent with Dubai’s booming real estate sector last year, which witnessed an uptick in its supply of new residential units in 2023. According to JLL, 36,000 new homes were delivered last year, with apartments comprising the majority, which raised the total stock to over 719,000 units. Similarly, in Abu Dhabi,

Dubai-based Damac Properties has launched Altitude in Business Bay, its first launch of 2024. The tower is part of the series that includes Canal Heights 1 and 2 and Canal Crown. The design of the De Grisogono-branded tower is inspired by one of the Swiss luxury jeweller’s gems, ‘The Opal,’ a rare stone, the developer said in a press statement. Altitude will boast an impressive array of amenities designed to provide residents with a truly out-of-this-world experience. The tower will have a zero-gravity pool, allowing residents to don astronaut suits to experience zero gravity while swimming. Solar-powered sun loungers will enable residents to

Dubai’s buoyant residential market is poised to witness the handing over of more than 40,000 units in 2024 on the back of close to 100,000 new units launched in 2023. The housing sector, which posted the largest annual price increase of 16.4 per cent in over a decade last year, will continue to add to the robust pipeline of supply that will be delivered in the years ahead, according to Property Monitor, a leading real estate technology and market intelligence provider. The increasing supply of units over the next three to five years will see the supply-demand relationship gradually moving back in

Venture with Dubai-based developers Binghatti to create Mercedes-Benz Places | Binghatti in Downtown Dubai with unobstructed views of the Burj Khalifa Mercedes-Benz Places is shaping desirable living spaces and creating communities for people seeking extraordinary brand moments and advanced mobility solutions Stuttgart/Dubai. Today at the Meydan Hotel in Dubai, Mercedes-Benz revealed Mercedes Benz Places | Binghatti – a new state-of-the-art venture to merge the worlds of automotive and architecture. The project breaks ground in Dubai this year when Mercedes-Benz joins forces with local real-estate developer Binghatti Properties to commence construction of Mercedes-Benz Places | Binghatti. This will take the form of a